The global automotive seat climate systems market was valued at $12.34 billion in 2020, and is projected to reach $20.12 billion by 2030, registering a CAGR of 5.2% from 2021 to 2030.
Automotive seat climate systems refers to climate controlled seats that can be warmed up or cooled down as per the user requirement. The temperature in these type of seats are controlled by adjusting the flow of warm or cold air through the seat. The seat climate system includes climate controlled seat control unit and thermal electric devices for driver and front passenger under seat & backseat. The initiative was taken in early 1900s to improve the driving experience and comfort zone. Gradual evolution of seat climate system and automobile industry has allowed the market to experience a steady growth rate of 5.2% CAGR within the forecast timeframe.
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The growth of global automotive seat climate system market is driven by factors such as improved economy and riding comfort of passenger. Controlling temperature of a complete vehicle that operates on gasoline has a notable impact on fuel economy of a vehicle. The fuel efficiency of a car gets decreased by 21% to 24% while using air condition and the carbon emission gets increased on parallel factor. By using temperature controlled seats, manufacturers can spot places directly where it is needed, optimizing energy usage of a vehicle, resulting in improved fuel efficiency.
An average of $1.3 billion worth gallons are saved in U.S. every year in light-duty vehicle segment through adoption of climate controlled seats. Addition of other features such as remote activation/deactivation of seat climate system, automatic temperature detection, and other custom setting are expected to provide new business revenue streams over coming years. Companies have adopted product development, collaboration, and long-term agreements as their key development strategies. The key players operating in this market are Lear Corporation, Gentherm, Konsberg Automotive, Adientplc, Continental AG, Magna International Inc., II-VI, Inc., Toyota Motor Corporation, Recticel, and Faurecia.
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The COVID-19 outbreak severely impacted the automotive sector on a global level, which, in turn, led to a considerable drop in global sales of new vehicles, negatively impacting the automotive seat climate system market. A total of 16% drop in production of new vehicles was experienced by the industry at global level as compared to previous year 2019. The companies operating within the vertical went through strategic restructuring to cope with the existing crisis.
Maintenance and installation cost of climate seats is high as such seats are available in luxury vehicles only, leading to one of the major restraining factor for market growth. In addition, after market service cost is also high. Automobile manufacturers install the climate-controlled seats to the driver’s seat only, and the passenger needs to pay the extra cost to get it installed on all seats.
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