The Business Research Company’s Flexible Heater Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Flexible Heater Global Market Report 2023 evaluates flexible heater market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global flexible heater market size is expected to grow from $1.12 billion in 2022 to $1.21 billion in 2023 at a compound annual growth rate (CAGR) of 8.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of flexible heater is expected to grow to $1.61 billion in 2027 at a CAGR of 7.4%.
The increase in demand for automobiles is expected to propel the growth of the flexible heater market going forward. Flexible heaters are used in vehicles to keep ice from forming on the side view mirrors or cars, buses, and trucks, in areas with very low temperatures. Print heaters can also be used in cars as a seat heater, steering wheel warmer, window defroster, or simply as a heater. The increasing demand for automobiles, such as electric vehicles generates demand for flexible heaters. For instance, in 2021 according to International Energy Agency, a Paris-based intergovernmental organization reported that electric car sales more than doubled to 6.6 million over the previous year, representing close to 9% of the global car market. Hence, the increasing demand for automobiles is expected to drive demand for flexible heaters during the forecast period.
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The flexible heater market segments in the report are:
1) By ype: Silicone Rubber-Based, Polyimide-Based, Polyester-Based, Mica-Based, Other Types
2) By Distribution Channel: Retail, Supermarket, Online, Offline, Other Distribution Channels
3) By Industry: Electronics and Semiconductor, Medical, Aerospace and Defense, Food and Beverages, Automotive, Oil and Gas, Mining, Other Industries
The table of contents in TBRC’s flexible heater market report includes:
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