Market Research Future (MRFR) has launched a new release on the global Automotive Seat Heater Industry Industry. The report presents a thorough overview of the global Automotive Seat Heater Industry Industry on the back of a detailed analysis of the market’s historical growth trajectory and leading segments. The market’s historical growth trajectory is assessed in detail in the report in order to understand the major factors underlying the market’s growth in the study period. Market Synopsis:
The global Automotive Seat Heater Industry was analyzed by Market Research Future (MRFR) and it was projected that a decent CAGR of 6% will be attained by the market over the forecast period of 2018 to 2023. The valuation of the Automotive Seat Heater Industry was further stated to surpass its previous valuation with the revenue pool getting wider.
The usage of Automotive Seat Heater Industry s strikingly helps in increasing the comfort level of the riders while commuting long distances. The growing demand for energy and comfort capabilities in different types of vehicles and a rising demand for high-end passenger cars with improved features is expected to contribute directly to the growth of the regional market. However, on the other hand, the market growth of Automotive Seat Heater Industry s can be challenged by the declining confidence among the consumers in integrating seat heaters due to the rising number of fire accidents that is caused due to seat heater coils.
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Market Segmentation
The global Automotive Seat Heater Industry has been segmented in terms of type, sales channel, and vehicle type.
By type, the market segments into composite fiber heater and carbon fiber heater.
By sales channel, the market includes aftermarket and OEM.
By vehicle type, the market comprises commercial vehicles, passenger cars, and others.
Regional Analysis
The global Automotive Seat Heater Industry is geographically distributed across the following key regions: Asia Pacific, North America, Europe, and the Rest of the World (RoW).
North America leads the global Automotive Seat Heater Industry with the highest share. This is due to the rising demand for luxury vehicles in the North America region. Moreover, the low-temperature weather conditions across various parts of the region is also reported to be favoring the demand for Automotive Seat Heater Industry s and driving the market growth. Both Mexico and the US are primed to be the leading contributors to the overall growth of the regional market.
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