Global Automotive In-Vehicle Air Purifier Market is Estimated to Reach $3 Billion by 2025, Says Accurize Market Research
Global automotive in-vehicle air purifier market report published by Accurize Market Research forecast that the global market is expected to reach $X3 billion by 2025; growing at a CAGR of 9.5% from 2017 to 2025. By geography, Asia Pacific and Europe are expected to grow at a CAGR of 10.3% and 9.8%, respectively, during the forecast period.
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Increasing in demand for clean and toxin free cabin airacross the globe to drive the growth of the market
Upsurge in demand for clean and toxin free cabin airfuels the demand for the global automotive in-vehicle air purifier market. Moreover, increasing atmospheric pollution level also boosts the growth of the market.
The global automotive in-vehicle air purifier market has been bifurcated on the basis of product type, technology, vehicle type, and geography. By product type, the market is further segmented into air purifier, air ionizer, and hybrid systems. By technology, the market is categorized into high efficiency particulate arrestor (HEPA) filter, active carbon system, and photo catalytic system. By vehicle type, the market is segregated into passenger cars, light commercial vehicles, and heavy commercial vehicles.
By geography the market is segmented into North America, Europe, Asia-Pacific and Rest of the World (RoW). The U.S., Mexico and Canada are covered under North America wherein Europe covers UK, France, Germany, Italy, and others. Asia-Pacific covers China, India, Japan, Australia, and others. Rest of the World (RoW) covers South America, Middle East and Africa.
“Air purifier accounted for the largest market share in the product type segment", says Accurize
Byproduct type segment,Air purifier accounted for the largest market share in 2017, followed by hybrid system. However, the hybrid system is anticipated to grow at the highest growth rate due to its increased adoption in luxury vehicles.
“Asia-Pacific dominated the global market with the highest market share over the forecast period", says Accurize
In 2017, Asia-Pacific accounted for the largest market share, and it is anticipated to maintain its dominance during the forecast period. The growth is majorly attributed to the increase in fleet of passenger cars and two wheelers, mainly in China which accounted for more than half of the total Asia-Pacific market. North America accounted for the second largest market share in 2017. In terms of growth, Asia-Pacific is expected to grow at the fastest CAGR of 10.3% during the forecast period 2017-2025.
Top players in the market
The key market players include Eureka Koninklijke Philips N.V., Sharp Electronics Corporation, Honeywell, Ltd, Forbes, Purafil, Inc., Kent RO Systems Ltd, Panasonic Corporation, Diamond Air Purifiers, ADA Electrotech (Xiamen) Co., and Livpure Private Limited, among others.
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