Press release
2024 Car Air Purifier Market: Size, Share, Trends, Growth And Overview, Forecast To 2033
Car Air Purifier Market
Car Air Purifier Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $3.13 billion In 2028 At A CAGR Of 9.7% :
The car air purifier market size has grown rapidly in recent years. It will grow from $1.95 billion in 2023 to $2.16 billion in 2024 at a compound annual growth rate (CAGR) of 10.8%. The growth in the historic period can be attributed to increased air pollution levels, rising demand for automobiles, technological advancements, increased older population, economic growth in emerging markets and increased disposable income and living standards.
The car air purifier market size is expected to see strong growth in the next few years. It will grow to $3.13 billion in 2028 at a compound annual growth rate (CAGR) of 9.7%. The growth in the forecast period can be attributed to rise in car sales with safety features, rising incidence of allergies, changing climate conditions, increasing car air purifiers demand due to covid and growing urbanization. Major trends in the forecast period include developing unique car air purification systems for electric cars, developing antimicrobial filters for better safety, focusing on the technological advancements for ensuring better cabin air quality and leveraging strategic partnerships to strengthen position in the market.
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Car Air Purifier Market Major Segments
The car air purifier market covered in this report is segmented -
1) By Technology: HEPA, Activated Carbon, Ionizer, Other Technologies
2) By Vehicle Type: Economical, Medium Priced, Luxury
3) By Sales Channel: OEM, Aftermarket
Key Driver - Rising Atmospheric Pollution Drives Demand For Car Air Purifiers To Safeguard Passengers
The significant pollution levels in the atmosphere are expected to propel the growth of the car air purifier market going forward. Pollution level refers to air quality index which is an index used to report the air quality daily. Car air purifier protects passengers from contaminants in the air they breathe, as they help in the purification of polluted air to clean air. For Instance, in June 2022, according to The Economic Times, an Indian daily newspaper, Indians may lose 5 years of life expectancy due to air pollution. South Asia has accounted for 52% almost half of the expected lost life years globally due to the high pollution levels. Therefore, the significant pollution levels in the atmosphere are expected to boost demand for car air purifiers during the forecast period.
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Prominent Trend - Innovative Technologies Drive The Evolution Of Car Air Purifiers For Enhanced Air Quality
Technological advancements are the key trend gaining popularity in the car air purifier market. Major companies operating in the market are introducing new products with innovative technologies such as dual technology to meet end customer demands and sustain their position in the market. For instance, in August 2022, Tata Motors, an India-based Automotive manufacturer, launched an Air-o-Pure 95 Air Purifier. The Air-o-Pure 95 air purifier features an Active Carbon HEPA filter and a UV-C light to enhance air quality, eliminate volatile organic compounds, viruses, and bacteria, and filter out dangerous smoking. The purifier is attractively designed and fits easily into the cup holder position of any Tata vehicle.
Car Air Purifier Market Players
Major companies operating in the car air purifier market report are Sharp Corporation, Koninklijke Philips N.V, 3M, Xiaomi Corporation, BlueAir, Xiamen Airbus Electronic Technology Co. Ltd, Hyundai Mobis, Nuvomed, Shenzhen Agcen Environmental Protection Technology, Ionkini Technology (GZ) Co. Ltd., Guangzhou Haike Electronics Technology Co Ltd, Vekon Technologies India Pvt Ltd, Guangdong Invitop Technology Co Ltd., Electro power World, Air com, Checknsure, Junwei Eureka Forbes Ltd, ADA Electrotech (Xiamen) Co. Ltd, Kent Ro Systems Ltd., Livpure Private Limited, IQAir, Rensair, Olansi company, JSC, Ambilife, Fingo, Ekodar, Atoll Filters, Raifil, Honeywell International, Dyson Group Plc, Panasonic Corporation, Samsung Electronics Company Limited, Purafil, Agcen Air Purifier, Amazing Goop, Renesas Electronics Corporation, Allena Auto Industries, Daikin Industries Limited, Woongjin Coway Company Limited, TurtleWax South Africa, EZ Car Care, Keizin Automotive, Meguiars, ProTouch Car Care, MaFra International, Armored Auto Group.
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Largest And Fastest Growing Region In The Market
Asia-Pacific was the largest region in the car air purifier market in 2023, and it is expected to be the fastest-growing region in the forecast period. The regions covered in the car air purifier market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Car Air Purifier Market Report Structure
3. Car Air Purifier Market Trends And Strategies
4. Car Air Purifier Market - Macro Economic Scenario
5. Car Air Purifier Market Size And Growth
…..
27. Car Air Purifier Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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