PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1236080
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1236080
Global Car Air Purifier Market is valued at approximately USD 1.35 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 16.5% over the forecast period 2022-2029. Automotive air purifiers clean the air within the car by removing contaminants from the microenvironment in the cabin. They consist of fans inside that move air through the filters. The most recent purifiers also use cutting-edge air-purifying technology to collect odors, germs, and all microscopic pollutants to assure pure airflow. The growing public awareness related to healthcare and environmental effects of air pollution, increasing urbanization and industrialization, coupled with increasing air pollution in developed & developing countries are the key factors that are stipulating the market growth across the globe.
The thriving growth of the automotive industry is playing a significant role in market growth across the globe. According to Statista, the global automotive manufacturing sector is estimated to generate revenues of approximately USD 2.5 billion in 2020, which is expected to reach approximately USD 2.8 billion in 2022. Therefore, the increasing production and sales of automotive is directly associated with the demand for car air purifies, which, is augmenting the market growth during the estimated years. Moreover, rising investment in the development of advanced technology, as well as the increasing focus on implementing advanced comfort and safety features are presenting various lucrative opportunities over the forecasting years. However, the high pricing of air purification system limiting its consumption and availability of cheap and low-quality purification products are hampering the market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Car Air Purifier Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. The Asia Pacific dominated the market in terms of revenue, owing to the high urbanization and smart cities, as well as the imposition of various favorable government initiatives for the resurrection of the automobile industry. Whereas, Europe is expected to grow with the highest CAGR during the forecast period, owing to factors such as rising production of vehicles, increasing expenditure on the adoption of advanced technologies, and presence of key market players in the market space.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values for the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also provides detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
List of tables and figures and dummy in nature, final lists may vary in the final deliverable
List of figures
List of tables and figures and dummy in nature, final lists may vary in the final deliverable