The
automotive parking heater market is
expected to grow by 5.36 million units during 2020-2024. The report also
provides the market impact and new opportunities created due to the COVID-19
pandemic. The impact can be expected to be significant in the first quarter but
gradually lessen in subsequent quarters – with a limited impact on the
full-year economic growth according to the latest market research report by
Technavio.
Modern luxury vehicles include several advanced safety features,
pre-tension brakes, and entertainment and comfort features such as parking
heaters. Luxury car manufacturers are also focusing on providing these advanced
safety and comfort features in economy cars. Several luxury car makers, such as
BMW, Porsche, and Mercedes-Benz, are downsizing their cars and making them more
affordable. In addition, the demand for luxury cars is growing in emerging
economies, such as China and India, due to the stable economic conditions and
an increase in disposable incomes of consumers. Such growth in demand for
luxury cars is expected to drive the growth of the market.
As per Technavio, the growing popularity of mobile apps and connectivity
solutions will have a positive impact on the market and contribute to its
growth significantly over the forecast period. This research report also
analyzes other significant trends and market drivers that will influence market
growth over 2020-2024.
Automotive Parking Heater Market: Growing Popularity of Mobile Apps and
Connectivity Solutions
The growing popularity of mobile apps and connectivity solutions is
expected to be one of the key trends in the automotive parking heater market.
App-based services help users to remotely access their vehicle and charge
batteries, operate music system, and set up the destination for travel.
Smartphones and data connectivity with app-based services also make vehicles
more user friendly. For instance, BMW’s connected and mini connected iOS app
allows access to Facebook and Twitter, and supports Google map-based navigation
system in the cars. The mini version also plays music according to the driving
behavior. This app can activate the parking heater to set the interior
temperature of the car. The convenience of these app-based services is expected
to boost the automotive parking heater market.
Automotive Parking Heater Market: Segmentation Analysis
This market research report segments the automotive parking heater market by
end-user (aftermarket and OEMs) and geography (North America, Europe, APAC,
South America, and MEA).
The North American region led the automotive parking heater market in
2019, followed by Europe, APAC, South America, and MEA respectively. During the
forecast period, the North American region is expected to register the highest
incremental growth due to factors such as the increasing demand for luxury
cars, extreme climatic conditions and anti-idling laws.
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sections of the report, such as the market size and forecast, drivers,
challenges, trends, and more. Request a free sample report
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