Further,
for the in-depth analysis, the report encompasses the industry growth
indicators, restraints, supply and demand risk, along with detailed discussion
on current and future market trends that are associated with the growth of the
market.
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The
global car air purifier market is anticipated to grow with a CAGR of ~15%
during the forecast period, i.e., 2023-2033. The market is segmented by by technology
into activated carbon filter, High Efficiency Particulate Air (HEPA) filter, photo
catalytic. Out of these segments, the HEPA segment is anticipated to garner the
largest market share over the forecast period, owing to the increasing
pollution. In addition, increasing use of car air purifier among car owners is
also expected to boost the growth of the segment in the coming years.
The
global car air purifier market is estimated to garner a revenue of 5 billion by
the end of 2033, backed by the increasing cases of asthma worldwide. Various
features provided by car air purifier, including filtering, purifying, and
refreshing air quality are also projected to boost sales of these component in
the coming years. Moreover, rising urbanization as well as increasing disposable
income is also projected to propel the growth of the market during the forecast
period.
Geographically,
the global car air purifier market is segmented into five major regions
including North America, Europe, Asia Pacific, Latin America and Middle East
& Africa region. Out of these, the market in Asia Pacific is estimated to
garner the largest market share over the forecast period, owing to the rising
penetration vehicles. Apart from this, the market in Europe is anticipated to
register significant growth in the coming years.
The
research is global in nature and covers detailed analysis on the market in
North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain,
Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden,
Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America
(Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India,
Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand,
Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE,
Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and
Africa). In addition, analysis comprising market size, Y-O-Y growth &
opportunity analysis, market players’ competitive study, investment
opportunities, demand for future outlook etc. has also been covered and
displayed in the research report.
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Increasing
Number of Cars to Drive the Market Growth
According
to the data, there is a car for every 7th person on the planet.
The number
of cars is expected to accelerate the market growth in the coming years, as
with the increase in the number of cars the demand for car air purifier will
also rise as it removes fine dust particles, filters the polluted air and
provides fresh, breathable air. Moreover, the increasing R&D spending in
the automobile sector as well as the rising carbon dioxide emissions are also
expected to drive the growth of the global car air purifier market during the
forecast period.
However, the low awareness regarding the benefits of car air purifier in the industry and requirement of regular
maintenance are expected to operate as key restraints to the growth of
global car air purifier market over the forecast period.
This
report also provides the existing competitive scenario of some of the key
players of the of global car air purifier market which includes company
profiling of Volvo Car Corporation, Honda Motor Co., Ltd., Panasonic Holdings
Corporation, Honeywell International Inc., Sharp Corporation, Koninklijke
Philips N.V., Eureka Forbes Ltd., Denso Corporation, Blueair Inc., 3M. The
profiling enfolds key information of the companies which encompasses business
overview, products and services, key financials and recent news and
developments. On the whole, the report depicts detailed overview of the of
global car air purifier market that will help industry consultants, equipment
manufacturers, existing players searching for expansion opportunities, new
players searching possibilities and other stakeholders to align their market
centric strategies according to the ongoing and expected trends in the
future.
Browse full report
summary: https://www.researchnester.com/reports/car-air-purifier-market/4431
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