Press release
Global Automotive Air Purifier Industry Forecasted $2695.32 Mn by 2026 Global Automotive Air Purifier Industry Forecasted $2695.32 Mn by 2026
Top players and brands are making maestro moves such as developments, products launches, acquisitions, mergers, joint ventures and competitive research in the Global Automotive Air Purifier Industry. A change was seen in the CAGR levels in the historic year 2017, the base year 2018 thus determining that CAGR levels will certainly change in the forecast years 2019-2026.
Market Analysis:
Global Automotive Air Purifier Market is expected to rise from its initial estimated value of USD 792.7 million in 2018 to an estimated value of USD 2695.32 million by 2026, registering a CAGR of 16.53% in the forecast period of 2019-2026. Increase in the people awareness about health is the major factor for the growth of this market.
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Key Market Competitors:
• 3M
• Robert Bosch GmbH
• Denso Corporation
• Ecomventures
• Eureka Forbes
• Freudenberg Group
• Honeywell International Inc.
• Koninklijke Philips N.V.
• MAHLE GmbH
• Mann+Hummel Group
• Panasonic Corporation
• Sharp Corporation
• Toyota Boshoku Corporation
• Xiamen Airbus Electronic Technology Co.,Ltd.
• IQAir
• Guangzhou Olansi Healthcare Co
• Oransi
• Freudenberg Group
• YADU Int’l Technology (Beijing) Co.Ltd
Key Developments in the Market:
• In January 2019, Kent RO launched their new car purifier- KENT MAGIC Car Air purifier at Rs 7999. This new purifier cleanses in- car air silently and removes dust, allergens, chemical, odours and other air pollutants from the car. It has HEPA (High Efficiency Particulate Arrestor) technology which keeps the air clean.
• In January 2019, Sharp launched their new air purifier SHARP FP- JC2M- B which cleanses the air inside car and has dual technology HEPA & Carbon filter which removes PM2.5 and other gaseous substance.
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Market Drivers & Restraints:
• Increase in multi-functional air purifier is driving the market.
• Increasing healthcare awareness among consumer is driving the market.
• Growing industries and more urbanization is driving the market.
• The price of the air purifier are high which is the major cause restraining the market growth.
• Low cost purification availability is restraining market.
Segmentation:
• Type
• Purifier
• Ionizer
• Hybrid
Technology
• HEPA
• Activated Carbon
• Ionic Filter
• Photocatalytic
Vehicle Class
• Economy
• Mid-Priced
• Luxury
End Market
• OE
• Aftermarket
Geography
• North America
• South America
• Europe
• Asia-Pacific
• Middle East & Africa
Competitive Analysis:
Global automotive air purifier market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of automotive air purifier market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
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