World News: 13:00 GMT Thursday 30th May 2019. [Lucintel via Globe Newswire via SPi World News]
DALLAS, May 30, 2019 (GLOBE NEWSWIRE) -- According to a new market report published by Lucintel, the future of the global market looks promising with opportunities in the mid-size cars, large cars, SUVs & crossovers, and the heavy commercial vehicle market. The global automotive ventilated seat fan market is expected to reach an estimated $1.3 billion by 2023 with a CAGR of 2.0% from 2018 to 2023. The major drivers for this market are growth in the vehicle production and increasing demand for comfort and luxury features in vehicle’s seats.
In this market, different types of automotive ventilated seat fan such as axial fans, and radial fans are used as product type. On the basis of its comprehensive research, Lucintel forecasts that the axial fan is expected to remain the largest segment due to the increasing installations of ventilated seats in the luxury cars.
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North America will remain the largest region due to the growing demand for premium cars and increasing preference of customers towards vehicle comforts and convenience. Asia Pacific is expected to witness highest growth over the forecast period due to increasing vehicle production and advancements in seat ventilation system.
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Emerging trends, which have a direct impact on the dynamics of the industry, include development of noise free ventilated seat fans and increasing use of fans in seat head rests. Ebm-papst Group, Delta Group, Sunon, NMB Technologies, Nidec Group, Comair Rotron, and Yen Sun Technology and others are among the major automotive ventilated seat fan manufacturers.
Lucintel, a leading global strategic consulting and , has analyzed and forecasted for the global automotive ventilated seat fan market by vehicle, product type, and region and has come up with a comprehensive research report entitled “.” The Lucintel report serves as a catalyst for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions.
For a detailed table of contents, contact Lucintel at +1-972-636-5056 or mail at
Globe Newswire: 13:00 GMT Thursday 30th May 2019
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