Leading market players are investing heavily in research and development to expand their product lines, which will help the ventilated seat market grow even more. Market participants are also undertaking various strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, ventilated seat industry must offer cost-effective items.
Manufacturing locally to minimize operational costs is one of the key business tactics manufacturers use in the global ventilated seats industry to benefit clients and increase the market sector. Major players in the ventilated seat market, including Lear Corporation (US), Magna International Inc. (Canada), Adient plc (US), Toyota Boshoku Corporation (Japan), Gentherm (US), Dura Automotive Systems (US), and others, are attempting to increase market demand by investing in research and development operations.
Toyota Boshoku Corp is a manufacturer of automobile parts and textile products. The firm develops and markets automotive interior systems and products, automotive components, automotive filters and powertrain components, and fabric goods. The company's products include seating and unit component products, including front seats, executive lounge seats, sports seats, functional parts for cars, aircraft seats, railway seats, and round recliners. Toyota Boshoku also simulates interior and exterior products such as headliners, illuminators, door trims, exterior components, textile components, and other products such as coverings and floor carpets.
Apart from this, the firm is also involved in producing and selling fabric goods. In March 2022, Toyota Boshoku Corporation developed Ventilated seats and door trims featured on the new LEXUS LX launched by Toyota Motor Corporation in January 2022.
Faurecia SA is a manufacturer of automotive equipment. The company designs, develops, and supplies seat components such as frames, adjustment mechanisms, motors, padding, seat covers, electronic and pneumatic systems, accessories, and foams. It also provides vehicle interior products such as instrument panels, modules, door panels, and acoustic products. It manufactures automotive exteriors such as front-end carriers, bumpers, and engine cooling systems. The company develops emission control technologies for light and commercial vehicles. 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.