Car Purifier Market

Car Purifier Market - An Overview

The global car purifier market is expected to witness strong growth during the forecast period between 2021 and 2031.

Car purifiers are products that help to remove air pollutants and improve the air purity within an automobile. Any car purifier comprise of fans, which help to circulate the air using the filters.

The outbreak of the COVID-19 pandemic negatively impacted the growth in the global car purifiers market.

With governments imposing social distancing regulations and lockdowns in a bid to contain the spread of the virus, automotive production facilities were forced to function with reduced labor or shut down permanently.

This led to reduced product sales and, in turn, impacted the car purifier demand, thereby lowering the growth in the overall market.

Car Purifier Market - Trends and Opportunities

Rising pollution levels owing to increased automobile use is the key growth driver for the global car purifier market.

Also, increasing customer awareness about the hazardous effects, caused due to the emission of excessive pollutants from vehicles could fuel the growth in the global car purifier market, in the coming years.

In addition to this, rapid urbanization witnessed, especially in developing economies worldwide could lead to increased demand for automobiles, which could, in turn, increase the car purifier demand and contribute to global car purifier market growth, in the years ahead.

Advancements to existing car purifier products with the integration of novel air purifying technology that captures and removes harmful pollutants could help increase product demand and bolster the overall car purifier market, in the coming years.

Luxury vehicle type segment is expected to make the largest contribution to the overall car purifier market because of shifting consumer preference from sedans to sports-utility vehicles in leading economies, worldwide.

Original equipment manufacturers sales channel is anticipated to contribute the most to the overall car purifier market because of increasing air pollution levels and rising population in countries worldwide.

Car Purifier Market - Competitive Landscape

The global car purifier market is extremely competitive and comprises several well-established market players, many of whom are expected to account for a large share in the overall market, in future.

R&D undertakings to produce improved quality of products could be a key growth strategy for leading car purifier market players, in the coming years.

Growth strategies such as novel product launches could help prominent car purifier market players gain a competitive edge over others.

Leading automobile market player Jaguar Land Rover, recently, launched a new line of filtration systems, which has shown an overall efficiency of 97% and proven effective against the coronavirus, too.

Collaboration with smaller players could help well-established car purifier market players expand their market presence and increase their revenue shares.

The smaller players will seek funding from private investors, which could help them in their long-term growth.

Some of the key players in the global car purifier market include Sharp Electronics Corporation, Eureka Forbes, Honeywell International, Panasonic Corporation, and 3M.

Car Purifier Market - Regional Assessment

Asia Pacific is expected to be the dominant region in the global car purifier market in the coming years owing to rising population in countries such as China and India as well as government initiatives and measures, adopted to help the growth of the automobile industry in these countries.

Europe is expected to witness significant growth in the global car purifier market in future owing to high presence of automotive manufacturers in countries such as UK and Germany and increasing production of vehicles, in these countries.

North America is anticipated to witness strong growth in the overall car purifier market because of increasing customer demand for in-vehicle safety and other luxury features in automobiles in countries such as US and Canada.

The rest of the world is expected to witness moderate growth in the global car purifier market, in the coming years.