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Automotive Vents Market Size

Report ID: GMI12137
Published Date: Nov 2024
Report Format: PDF

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Automotive Vents Market Size

The global automotive vents market size was valued at USD 1.1 billion in 2023 and is projected to grow at a CAGR of 5.1% between 2024 and 2032, due to the increasing adoption of electric vehicles (EVs), which require specialized venting systems to ensure the safety and performance of high-voltage battery packs and sensitive electronics. As EV batteries produce considerable heat, vents help maintain pressure balance, prevent moisture ingress, and reduce the risk of thermal runaway.

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Additionally, EVs have extensive electronic systems that need protection from contaminants, making effective ventilation crucial. The rising global shift towards EVs, driven by emission regulations and consumer demand for eco-friendly vehicles, continues to fuel demand for advanced venting solutions.

Automotive Vents Market Report Attributes
Report Attribute	Details
Base Year:	2023
Automotive Vents Market Size in 2023:	USD 1.1 Billion
Forecast Period:	2024 – 2032
Forecast Period 2024 – 2032 CAGR:	5.1%
2024 – 2032 Value Projection:	USD 1.7 Billion
Historical Data for:	2021-2023
No. of Pages:	180
Tables, Charts & Figures:	200
Segments covered:	Type, Material, Application, Propulsion, Vehicle
Growth Drivers:	Increasing adoption of electric vehicles (EVs) Growing complexity of vehicle electronics and infotainment systems Demand for enhanced cabin comfort and climate control Stricter emission regulations and fuel efficiency standards
Pitfalls & Challenges:	High cost of advanced venting materials and technologies Complex integration requirements with evolving vehicle designs

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For instance, according to GMI, Electric Light Commercial Vehicle (LCV) market size was valued at USD 22.7 billion in 2023 and is estimated to register a CAGR around 10% between 2024 and 2032. This surging production of electric light commercial vehicles due to increasing demand from logistics industry and government regulations is anticipated to drive the automotive vents industry in the coming years.

Another driver of the automotive vents market is the growing complexity of vehicle electronics and infotainment systems, especially with advancements in connected and autonomous vehicle technology. Modern vehicles are equipped with various sensors, ADAS, and high-performance infotainment systems, all of which generate heat and require effective venting to function reliably. Vents help protect these electronic systems from moisture, dust, and temperature fluctuations, extending their lifespan. As vehicles become increasingly automated and connected, demand for robust ventilation systems to ensure component durability and performance is rising steadily.

Authors: Preeti Wadhwani, Satyam Jaiswal

Frequently Asked Questions (FAQ) :

The market size of automotive vents reached USD 1.1 billion in 2023 and is set to grow at a 5.1% CAGR from 2024 to 2032, driven by the increasing adoption of electric vehicles (EVs).

The ICE segment held more than 80% of the market share in 2023, as internal combustion engines dominate due to their established technology and widespread infrastructure.

The China market accounted for 60% of the revenue share in 2023 and is expected to exceed USD 350 million by 2032, led by its massive production capacity and government incentives for electric vehicles.

The key players in the industry include Aptiv, Continental, Denso, Faurecia, Johnson Controls International, Magna International, Robert Bosch, Valeo, Yanfeng Automotive Interiors, and ZF Friedrichshafen.