Global Automotive In-Vehicle Air Purifier Market Report, published by Variant Market Research, forecast that the global market is expected to reach $2.5 billion by 2024 from $1.2 billion in 2016, growing at a CAGR of 9.5% from 2016 to 2024. By geography, Asia-Pacific and Europe are expected to grow at a CAGR of 10.3% and 9.8%, respectively, during the forecast period.
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The factors supporting the growth of the global automotive in-vehicle air purifier market are, growing atmospheric pollution level and increasing demand for clean and toxin free cabin air. However, availability of limited manufacturers in global in-vehicle air purifier may hinder the growth of the market. Additionally, development of low cost air purifiers, and technological advancement would provide growth opportunities for the market in the future years.
The global automotive in-vehicle air purifier market is categorized into product type, technology, vehicle type, and geography. Product type segment include, air ionizer, air purifier, and hybrid systems. Air purifier dominated the type segment in 2016 accounting for the largest market share., The second largest share was accounted by hybrid system. However, the hybrid system is anticipated to grow at the highest growth rate due to its increased adoption in luxury vehicles. Furthermore, technology segment is further segregated into active carbon system, particulate arrestor (HEPA) filter, photo catalytic, and system high efficiency. By vehicle type, the market is segregated into light commercial vehicles, passenger cars, and heavy commercial vehicles.
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North America, Europe, Asia-Pacific, and Rest of the World (RoW) are the geographical segments of the market. Asia-Pacific accounted for the largest market share in 2016, and is expected to maintain its dominance during the forecast period. The growth is majorly seen due to rise in number of two wheelers and passenger cars, majorly in China which accounted for more than half of the total Asia-Pacific market. The second largest market share was accounted by North America. Asia-Pacific is expected to grow at the fastest CAGR of 10.3% during the forecast period 2016-2024, driven by high growth in automotive industry.
The Major key players operating in the automotive in-vehicle air purifier market are Purafil, Inc., Livpure Private Limited, Eureka Forbes, Panasonic Corporation, Kent RO Systems Ltd, Diamond Air Purifiers, Honeywell, ADA Electrotech (Xiamen) Co., Ltd, Sharp Electronics Corporation, Koninklijke Philips N.V., and among others.
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