Market Overview:
The Automotive In-Vehicle Air Purifier market has seen substantial growth in recent years, with a CAGR of 15.2% between 2016 and 2020. An increasing focus on air quality and the rising prevalence of respiratory illnesses have been key drivers of this growth. The market is projected to continue to grow at a CAGR of 17.1% between 2021 and 2026, with increasing awareness and demand for air purifiers in vehicles.
Meaning:
An Automotive In-Vehicle Air Purifier is a device that removes pollutants and allergens from the air inside a vehicle. These purifiers are designed to improve the air quality inside a vehicle, by removing harmful particles and pollutants such as dust, smoke, pollen, and other airborne irritants.
Executive Summary:
The global Automotive In-Vehicle Air Purifier market is projected to reach USD 2.4 billion by 2026, growing at a CAGR of 17.1% during the forecast period. The market growth is driven by the increasing focus on air quality and rising prevalence of respiratory illnesses. North America is expected to be the largest market for Automotive In-Vehicle Air Purifiers, with Asia Pacific showing the highest growth rate during the forecast period.
Important Note: The companies listed in the image above are for reference only. The final study will cover 18โ20 key players in this market, and the list can be adjusted based on our clientโs requirements.
Key Market Insights:
- The global Automotive In-Vehicle Air Purifier market is expected to grow at a CAGR of 17.1% during the forecast period.
- North America is expected to be the largest market for Automotive In-Vehicle Air Purifiers, with Asia Pacific showing the highest growth rate during the forecast period.
- The demand for Automotive In-Vehicle Air Purifiers is driven by the increasing focus on air quality and the rising prevalence of respiratory illnesses.
- The main types of Automotive In-Vehicle Air Purifiers are HEPA filters, activated carbon filters, and ionizers.
Market Drivers:
The demand for Automotive In-Vehicle Air Purifiers is driven by several factors, including:
- Increasing focus on air quality: Air pollution is a major concern for many people, and the quality of the air inside a vehicle is often worse than outside. An Automotive In-Vehicle Air Purifier can help to improve the air quality inside a vehicle, making it a more comfortable and healthy environment.
- Rising prevalence of respiratory illnesses: Respiratory illnesses such as asthma and allergies are becoming increasingly common, and poor air quality can exacerbate these conditions. An Automotive In-Vehicle Air Purifier can help to reduce the risk of these illnesses by removing harmful particles from the air.
- Growing awareness of the benefits of air purifiers: As people become more aware of the benefits of air purifiers, demand for Automotive In-Vehicle Air Purifiers is expected to increase.
Market Restraints:
- High cost: Automotive In-Vehicle Air Purifiers can be expensive, which may make them less accessible to some consumers.
- Limited effectiveness: While Automotive In-Vehicle Air Purifiers can help to improve the air quality inside a vehicle, they are not a complete solution to air pollution.
Market Opportunities:
- Growing demand for electric vehicles: As more people switch to electric vehicles, there may be an increased demand for Automotive In-Vehicle Air Purifiers, as these vehicles often have better air quality due to their lack of emissions.
- Technological advancements: Advancements in technology could lead to more efficient and effective Automotive In-Vehicle Air Purifiers, making them more appealing to consumers.
Market Dynamics:
The Automotive In-Vehicle Air Purifier market is highly competitive, with a large number of players operating in the market. Key players in the market include Philips, Honeywell, Sharp, Xiaomi, and Panasonic. These players are focusing on product innovation and development to gain a competitive edge.
Regional Analysis:
North America is expected to be the largest market for Automotive In-Vehicle Air Purifiers, followed by Europe and Asia Pacific. Asia Pacific is expected to show the highest growth rate during the forecast period, due to increasing awareness about air pollution and the growing number of vehicles in the region.
Competitive Landscape:
Leading Companies in the Automotive In-Vehicle Air Purifier Market:
- Honeywell International Inc.
- Philips Automotive
- Sharp Corporation
- Ecomventures (Kent RO Systems Ltd.)
- Panasonic Corporation
- Denso Corporation
- 3M Company
- Amway Corporation
- Eureka Forbes Ltd.
- Blueair AB
Please note: This is a preliminary list; the final study will feature 18โ20 leading companies in this market. The selection of companies in the final report can be customized based on our client’s specific requirements.
Segmentation:
The Automotive In-Vehicle Air Purifier market can be segmented by type, vehicle type, and distribution channel.
By type, the market can be segmented into HEPA filters, activated carbon filters, and ionizers. By vehicle type, the market can be segmented into passenger vehicles and commercial vehicles. By distribution channel, the market can be segmented into OEM and aftermarket.
Category-wise Insights:
- HEPA filters are the most commonly used type of Automotive In-Vehicle Air Purifiers, due to their high efficiency in removing small particles from the air.
- Passenger vehicles are the largest segment of the market, due to the high number of passenger vehicles on the road.
- The aftermarket segment is expected to grow at a higher rate than the OEM segment, due to the increasing demand for retrofitting air purifiers in existing vehicles.
Key Benefits for Industry Participants and Stakeholders:
Industry participants and stakeholders in the Automotive In-Vehicle Air Purifier market can benefit from:
- Increasing demand for air purifiers in vehicles
- Growing awareness about the benefits of air purifiers
- Technological advancements leading to more efficient and effective products
- Opportunities for expansion into new regions and markets
SWOT Analysis:
Strengths:
- Increasing demand for air purifiers in vehicles
- Growing awareness about the benefits of air purifiers
- Technological advancements leading to more efficient and effective products
Weaknesses:
- High cost of Automotive In-Vehicle Air Purifiers
- Limited effectiveness in completely eliminating air pollution
Opportunities:
- Growing demand for electric vehicles
- Technological advancements leading to more efficient and effective products
- Expansion into new regions and markets
Threats:
- Competition from established players in the market
- Regulations and policies regarding air quality and emissions
Market Key Trends:
- Growing demand for air purifiers in vehicles
- Increasing focus on air quality and the rising prevalence of respiratory illnesses
- Technological advancements leading to more efficient and effective products
- Growing demand for electric vehicles
Covid-19 Impact:
The Covid-19 pandemic has had a significant impact on the Automotive In-Vehicle Air Purifier market. With the virus spreading through the air, there has been an increased focus on air quality and the use of air purifiers. This has led to a surge in demand for Automotive In-Vehicle Air Purifiers, as people look for ways to protect themselves from the virus while travelling in vehicles. The pandemic has also led to disruptions in the supply chain and manufacturing processes, which have affected the production and availability of Automotive In-Vehicle Air Purifiers.
Key Industry Developments:
- In 2020, Philips launched its GoPure Compact 1101 air purifier for use in cars, which removes up to 99% of harmful particles from the air.
- In 2019, Xiaomi launched its Mi Car Air Purifier, which uses a HEPA filter to remove PM2.5 particles and other pollutants from the air inside a car.
- In 2018, Panasonic launched its Nanoe X air purifying technology for use in cars, which uses nanoe technology to purify the air inside a car.
Analyst Suggestions:
Industry analysts suggest that companies in the Automotive In-Vehicle Air Purifier market should focus on:
- Product innovation and development to meet the evolving needs and preferences of consumers
- Expansion into new regions and markets to increase their customer base and market share
- Strategic partnerships and collaborations to leverage each other’s strengths and capabilities
- Investing in research and development to stay ahead of the competition and offer more efficient and effective products
Future Outlook:
The future outlook for the Automotive In-Vehicle Air Purifier market is positive, with the market expected to continue to grow at a significant rate. The increasing focus on air quality and the rising prevalence of respiratory illnesses are expected to drive the demand for Automotive In-Vehicle Air Purifiers in the coming years. Technological advancements and innovations are also expected to lead to more efficient and effective products, further fueling the growth of the market.
Conclusion:
The Automotive In-Vehicle Air Purifier market is expected to continue to grow at a significant rate in the coming years, driven by the increasing focus on air quality and the rising prevalence of respiratory illnesses. Industry participants and stakeholders can benefit from the growing demand for air purifiers in vehicles, expanding into new regions and markets, and investing in research and development to stay ahead of the competition. The future outlook for the market is positive, with technological advancements and innovations expected to further fuel the growth of the market.