Car Air Purifier Market Trends
Growth Drivers
- 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.
- 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.
- Growing Urbanization – 70% of the global population is projected to live in urban areas by 2050.
- Rising Disposable Income – for instance, it was found that, in United States the per capita disposable income grew 1.7% in 2019.
Challenges
- Regular Maintenance is Required
- Low Awareness Regarding the Benefits of Car Air Purifier
- Unable to Solve all Indoor Air Quality Problems
Car Air Purifier Market: Key Insights
Regionally, the global car air purifier market is studied into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Amongst these markets, the market in Asia Pacific is projected to hold the largest market share by the end of 2033, backed by the presence of a strong mobility network in the region, growing number of cars, as well as the rising number of overall vehicle fleet. For instance, in the first quarter of 2022, it was estimated that a third of all vehicles are in the Asia-Pacific region and the region has a fleet of more than 530 million vehicles.
The global car air purifier market is further classified on the basis of region as follows:
- North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
- Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
- Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
- Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
- Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
|
Base Year |
2024 |
|
Forecast Year |
2025-2037 |
|
CAGR |
15.3% |
|
Base Year Market Size (2024) |
USD 2.66 billion |
|
Forecast Year Market Size (2037) |
USD 16.93 billion |
|
Regional Scope |
|
