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

Base Year	2022
Forecast Year	2023-2033
CAGR	~15%
Base Year Market Size (2022)	~ USD 2 Billion
Forecast Year Market Size (2033)	~ USD 5 Billion
Regional Scope	North America (U.S. & Canada) Latin America (Brazil, Mexico, Argentina, Rest of Latin America) 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) Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, 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)

Frequently Asked Questions (FAQ)

Growing sale of cars as well as rising emissions of carbon dioxide along with upsurge in the cases of asthma are some of the major factors anticipated to drive the growth of the market.

The market is anticipated to attain a CAGR of 15% over the forecast period, i.e., 2023-2033.

Low awareness regarding the benefits of car air purifier in the industry and requirement of regular maintenance are some of the factors estimated to hamper the market growth.

The market in Asia Pacific is projected to hold the largest market share by the end of 2033 and provide more business opportunities in the future.

The major players in the market are Volvo Car Corporation, Honda Motor Co., Ltd., Panasonic Holdings Corporation, Honeywell International Inc., Sharp Corporation, Koninklijke Philips N.V., Eureka Forbes Ltd., and others.

The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.

The market is segmented by product type, technology, distribution channel, and by region.

The HEPA segment is anticipated to garner the largest market size by the end of 2033 and display significant growth opportunities.

Car Air Purifier Market Trends