Market Share of Automotive Ventilated Seats Industry
The automotive ventilated seat market is a consolidated one with players such as Lear Corporation, Adient PLC, Faurecia, Toyota Boshoku Corporation, Magna International, etc., dominating the market. The main revenue-generating strategies of key players are tie-ups with vehicle manufacturers and OEMs and technical and financial collaborations for technology development.
- In March 2022, Faurecia inaugurated its Technology & Customer Center in Hanover Marienwerder. The new building in the Science Area 30X in Hanover combines the former research and development activities of Faurecia Seating in Stadthagen with those of Faurecia Interiors in Peine, as well as all functions of the German Faurecia Holding (Faurecia Automotive GmbH). The site employs 850 people.
- In March 2022, Toyota Boshoku Corporation developed Ventilated seats and door trims that are featured on the new LEXUS LX launched by Toyota Motor Corporation in January 2022.
- In October 2021, Lear Corporation announced that it had entered into a definitive agreement to acquire substantially all of Kongsberg Automotive's Interior Comfort Systems (ICS) business unit. Kongsberg Automotive's ICS business unit specializes in comfort seating solutions, with a leadership position in seating product areas experiencing growth within the auto industry - massage, lumbar, seat heat, and ventilation.
Automotive Ventilated Seats Market Leaders
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Faurecia
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Adient PLC
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Lear Corporation
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Toyota Boshoku Corporation
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Magna International
*Disclaimer: Major Players sorted in no particular order
