Car Air Purifier Market Growth Drivers and Challenges:
Growth Drivers
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Increasing Cases of Asthma – the air purifier’s filter removes the particulate matter found in the air and also reduces gaseous contaminants lurking inside your vehicle. With the rising cases of allergies, asthma and other respiratory disorders, the demand for car air purifiers is surging and is expected to boost in the forecasted period. According to the World Health Organization data, asthma had affected approximately 262 million people in 2019.
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Increasing Research & Development (R&D) Spending in the Automotive Sector – it was observed that the global R&D spending in the automotive sector reached more than USD 130 billion in 2020. The rising R&D is resulting into the innovations and advancements in the upcoming automobiles.
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Growing Urbanization – 70% of the global population is projected to live in urban areas by 2050.
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Rising Disposable Income – for instance, it was found that, in United States the per capita disposable income grew 1.7% in 2019.
Challenges
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Regular Maintenance is Required
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Low Awareness Regarding the Benefits of Car Air Purifier
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Unable to Solve all Indoor Air Quality Problems
Car Air Purifier Market Size and Forecast:
|
Base Year |
2025 |
|
Forecast Period |
2026-2035 |
|
CAGR |
13.4% |
|
Base Year Market Size (2025) |
USD 2.16 billion |
|
Forecast Year Market Size (2035) |
USD 7.6 billion |
|
Regional Scope |
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