Emphasis on Technology Type (Hepa Filter, Active Carbon, System Photo Catalytic, Others); Vehicle Type (Economical, Medium-Priced, Luxury); End Users (OEM and Aftermarket)); and Region/Country
The Global Car Air Purifier Market is expected to grow at a significant rate of around 10% during the forecast period. Low and middle-income nations report the greatest levels of air pollution, whereas high-income nations record the lowest levels. Due to the high exposure to the open environment and increased susceptibility to exposure to polluted air, the rising level of air pollution in urban areas would be one of the key development reasons for the automobile air purifier market. Additionally, to enhance the quality and design of the automobile, consumers are clamouring for goods with multi-functional user interfaces that are small, lightweight, and easy to use. Vendors are also engaging in M&A and spending money on R&D to create enhanced items that fill the air with enticing scents. For instance, Dutch electronics giant Philips plans to expand its R&D efforts to China, with Shanghai playing a key role in the multinational’s global R&D network, particularly in the innovation of car air purifier products. After severe smog hit major Chinese cities, sales of Philips’ car air purifiers saw phenomenal growth, with the product selling out several times. Over the past five years, the company has grown its annual sales of air purifier products in China by about 50%.
Insights Presented in the Report
“Amongst technology type, the Active Carbon category to witness higher CAGR during the forecast period”
Based on technology type, the market is categorized into Hepa Filter, Active Carbon, System Photo Catalytic, and Others. The activated carbon segment is expected to exhibit the highest CAGR during the forecast period. This is because activated charcoal is more efficient than the car’s Hepa system in removing air pollution inside the car. A universal adsorbent activated carbon is capable of virtually any vapour contaminant while simultaneously adsorbing and retaining a wide variety of chemicals.
“Amongst end users type, the OEM to witness higher CAGR during the forecast period”
On the basis of end users type, the market is categorized into aftermarket and OEM. The OEM category is to witness a higher CAGR during the forecast period. Rising vehicle sales with OEM-fitted air cleaners are expected to create opportunities for OEM businesses in the coming years. Considering environmental benefits and consumer demand, many players have already started adopting the automotive safety equipment trend, including air purifiers, due to government regulations in some regions. Moreover, the adoption of car air purifier advances from OEMs during the forecast period ultimately provides lucrative growth potential for the expansion of OEM-equipped car air purifiers.
“North America to hold a significant share in the market”
In 2020, North America held a significant share of the global car air purifier market. This is mainly attributed to increased consumer demand for safety and convenience as well as increased vehicle sales. Technologically developed infrastructure and technology giants are also contributing significantly to the growth of the market in the region. Additionally, North America holds a significant share of the luxury car market share globally which will automatically cause it to hold the largest share of car air purifiers globally. Most luxury cars sold in North America are already equipped with OEM car air purifiers when compared to APAC region due to consumer health awareness and government initiatives.
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1. Market Introduction
2. Research Methodology Or Assumption
3. Market Synopsis
4. Executive Summary
5. Car Air Purifier Market Revenue (usd Bn), 2020-2028f
6. Market Insights By Technology Type
7. Market Insights By Vehicle Type
8. Market Insights By End Users
9. Market Insights By Region
10. Car Air Purifier Market Dynamics
11. Car Air Purifier Market Opportunities
12. Car Air Purifier Market Trends
13. Demand And Supply-side Analysis
14. Value Chain Analysis
15. Competitive Scenario
16. Company Profiled
17. Disclaimer
Research Methodology for the Car Air Purifier Market Analysis (2022-2028)
Analyzing the historical market, estimating the current market, and forecasting the future market of the global car air purifier were the three major steps undertaken to create and analyze the adoption of car air purifier in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global all-terrain vehicle market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of the car air purifier through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the car air purifier market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as technology type, vehicle type, and end users. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the car air purifier market. Further, we conducted factor analysis using dependent and independent variables such as various technology type, vehicle type, and end users of car air purifier. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the car air purifier sector across the globe.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global car air purifier market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2028 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
Market Engineering
The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the car air purifier market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of technology type, vehicle type, and end users in the global car air purifier market.
The main objective of the Global Car Air Purifier Market Study
The current & future market trends of the global car air purifier were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:
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