Worldwide Automotive Air Purifier Industry to 2026 – Rise in Air Pollution Levels Drives the Market – ResearchAndMarkets.com
DUBLIN–(BUSINESS WIRE)–The “Automotive Air Purifier Market – Growth, Trends, COVID-19 Impact, and Forecasts (2021 – 2026)” report has been added to ResearchAndMarkets.com’s offering.
The automotive air purifier market is valued at USD 1.3 billion in 2020, and it is expected to reach USD 2.7 billion by 2026. The automotive air purifier market is anticipated to register a CAGR of about 10% during the forecast period (2021-2026).
Companies Mentioned
- Panasonic
- 3M
- Honeywell
- Denso
- Eureka forbes
- Xiaomi
- Sharp
- Philips
- Kent
- Xiamen airbus electronic technology
Key Market Trends
Rise in Air Pollution Level Drives the Market
Industrialization and urbanization are causing the major pollutants levels in the atmosphere to rise. The rise in the number of automobiles on the road is also a major reason for this growth in pollution levels. Because of this, the air quality index is degrading, causing health ailments in many countries. According to the center for science and environment in India, air pollution is responsible for 12.5% of all deaths in India, and air pollution kills an average of 8.5 out of every 10,000 children in India before they turn five.
Governments across the world are taking measures to reduce pollution levels. To improve the quality of air, auto manufacturers fit vehicles with more and better air purifiers. So, during the forecast period, the sales of automobile air purifiers will grow at a substantial rate.
However, the high cost and non-standardization of the air purification system are limiting the market growth. On the other hand, increase sales of vehicles in emerging countries is the key opportunity for the automotive air purifier market.
Asia-Pacific is Expected to be the Biggest Market
With about 60% of the world population, the Asia-Pacific region is expected to be the largest market for automotive air purifier systems owing to the factors such as the automobiles sales in the region are expected to be the highest in this region during the forecast period. It is expected that automobile sales will grow at a considerable rate. One other major factor is that the region is home to some of the most polluted cities in the world. With such bad air quality, people and auto-makers are expected to spend more on this product and drive the market’s growth. Moreover, laws and regulations enforced by the governments regarding passenger ergonomics and health supplement the automotive in-vehicle air purifier industry growth in Asia-Pacific.
With a steady rise in income levels of people in the region because of the fast-growing economies globally, they are expected to spend more on luxury and health-related equipment that includes premium and luxurious vehicles. These vehicles almost always contain better air purifying equipment, which in turn is another factor expected to help the market.
Key Topics Covered:
1 INTRODUCTION
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porter’s Five Forces Analysis
5 MARKET SEGMENTATION
5.1 End Market
5.2 Vehicle Type
5.3 Geography
6 COMPETITIVE LANDSCAPE
6.1 Vendor Market Share
6.2 Company Profiles
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information about this report visit https://www.researchandmarkets.com/r/mkhccj
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