(MENAFN- America News Hour) Research Nester published a report titled
“Car Air Purifier Market: Global Demand Analysis Opportunity Outlook 2033”
which delivers detailed overview of the global car air purifier market in terms of market segmentation by product type, technology, distribution channel, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
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The global car air purifier market is anticipated to grow with a CAGR of ~15% during the forecast period, i.e., 2023-2033. The market is segmented by by technology into activated carbon filter, High Efficiency Particulate Air (HEPA) filter, photo catalytic. Out of these segments, the HEPA segment is anticipated to garner the largest market share over the forecast period, owing to the increasing pollution. In addition, increasing use of car air purifier among car owners is also expected to boost the growth of the segment in the coming years.
The global car air purifier market is estimated to garner a revenue of 5 billion by the end of 2033, backed by the increasing cases of asthma worldwide. Various features provided by car air purifier, including filtering, purifying, and refreshing air quality are also projected to boost sales of these component in the coming years. Moreover, rising urbanization as well as increasing disposable income is also projected to propel the growth of the market during the forecast period.
Geographically, the global car air purifier market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East Africa region. Out of these, the market in Asia Pacific is estimated to garner the largest market share over the forecast period, owing to the rising penetration vehicles. Apart from this, the market in Europe is anticipated to register significant growth in the coming years.
The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, 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). In addition, analysis comprising market size, Y-O-Y growth opportunity analysis, market players' competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
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Increasing Number of Cars to Drive the Market Growth
According to the data, there is a car for every 7th person on the planet.
The number of cars is expected to accelerate the market growth in the coming years, as with the increase in the number of cars the demand for car air purifier will also rise as it removes fine dust particles, filters the polluted air and provides fresh, breathable air. Moreover, the increasing RD spending in the automobile sector as well as the rising carbon dioxide emissions are also expected to drive the growth of the global car air purifier market during the forecast period.
However, the low awareness regarding the benefits of car air purifier in the industry and requirement of regular maintenance are expected to operate as key restraints to the growth of global car air purifier market over the forecast period.
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This report also provides the existing competitive scenario of some of the key players of the of global car air purifier market which includes company profiling of Volvo Car Corporation, Honda Motor Co., Ltd., Panasonic Holdings Corporation, Honeywell International Inc., Sharp Corporation, Koninklijke Philips N.V., Eureka Forbes Ltd., Denso Corporation, Blueair Inc., 3M. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the of global car air purifier market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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