Automotive Seat Climate Systems Market Vehicle Type (Passenger Cars, Light Commercial Vehicles (LCVs) growing at a CAGR of 6.3% from 2017 to 2023

Global Automotive Seat Climate Systems Market was valued at $9,207 million in 2016, and is projected to reach at $14,048 million by 2023, growing at a CAGR of 6.3% from 2017 to 2023.

Automotive climate seating system is an advanced seating system that provides comfort and geometric flexibility to the driver and co-passengers during long journeys. These seating systems are incorporated with either heated, heated & ventilated, or heated & cooled seats for vehicles. Such technology helps to heat the seats in cold temperature and cool down the seats in tropical and hot environments. Gentherm, one of the leading companies, offers a wide range of thermal systems and technologies in automotive seat climate systems market such as heated & cooled seats, heated & ventilated seats, heated seats, and neck warmers.

The primary factor that drives the market is the increased driver comfort during long journeys and rise in penetration of semi-luxury and luxury vehicles worldwide. Further, growth in disposable income of the population, high fuel efficiency, and lower electric power consumption is also expected to fuel the market growth. However, the high installation cost of automotive climate seats is anticipated to hinder this growth. Moreover, an increase in demand for electric and hybrid vehicles, and a high requirement for climate seas in mid-passenger and commercial vehicles are expected to offer ample number of opportunities to key players of the market.

Significant players operating in the market are Lear Corporation, Gentherm, Konsberg Automotive, Adient plc, Continental AG, Magna International Inc., II-VI, Inc., Toyota Motor Corporation, Recticel, and Faurecia.

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Segment Overview

The automotive seat climate systems market is segmented on the basis of component, surface material, application, vehicle type, and geography. Based on component, the market is divided into electronic control unit, seat ventilation system, seat heating system, and neck conditioner system. The surface material segment includes leather, cloth, and others. Based on application, the market is categorized into heated & cooled seats, heated & ventilated seats, heated seats, and neck warmers. Based on vehicle type, it is classified into passenger cars, light commercial vehicles (LCVs), and heavy commercial vehicles (HCVs). Based on geography, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Top Impacting Factors

Factors that are expected to impact the global automotive seat climate systems market during the forecast period are increased driver comfort during long journeys, rise in penetration of semi-luxury & luxury vehicles worldwide, growth in disposable income of the population, high fuel efficiency, and lower electric power consumption. However, the impact of factor, such as high installation cost of automotive climate seats, is anticipated to hinder this growth.

Rise in Penetration of Luxury Vehicles
The penetration of luxury vehicles is increasing globally, which is expected to boost the automotive seat climate systems market. As per NADA.org, the luxury vehicle segment witnessed a growth of 10.9% in 2016 as compared to 2015. Tesla Motors and Porsche AG are leading companies that manufacture luxury vehicles across the world. Tesla Motors model S is the latest addition to the luxury vehicles segment manufactured by the company.

Surge in Disposable income of Individuals
Increase in income leads to surge in disposable income of people worldwide. The automotive industry is currently witnessing a significant increase in demand for luxury cars, which is subsequently intensifying the level of competition among automotive manufacturers. As per OECD.org, the world witnessed a growth of 10.7% in disposable in 2016 as compared to 2015. India leads with the highest growth rate of disposable income in 2016 as compared to other countries.

Increased Comfort Level for Driver
The comfort of the driver in the automobile is a major concern for the automobile manufacturers. Automotive climate seats offer enhanced comfort to the driver during a long journey. Similarly, the demand for heated & ventilated seats has increased to a significant extent to offer optimum comfort to the co-driver too.

High Installation & Maintenance Costs of Climate Seats

Maintenance and installation cost of climate seats is high as such seats are available in luxury vehicles only, leading to the one of the major restraining factor for market growth. In addition, aftermarket 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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Key Market Players
• II-VI INCORPORATED (II-VI MARLOW)
• ADIENT PLC
• CONTINENTAL AG
• FAURECIA SA
• GENTHERM INCORPORATED
• KONGSBERG AUTOMOTIVE ASA
• LEAR CORPORATION
• MAGNA INTERNATIONAL INC
• RECTICEL NV/SA
• TOYOTA BOSHOKU CORPORATION

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