The demand for clean and toxic free cabin air has propelled the growth of the In-Vehicle Air-Purifier Market .
Portland, OR -- (SBWIRE) -- 10/02/2017 -- Allied Market Research published a detailed report on the Global Automotive In-Vehicle Air Purifier Market, for the forecast period 2014–2022. The report titled, "Automotive In-Vehicle Air Purifier Market by Product Type, Technology, and Vehicle type: Global Opportunity Analysis and Industry Forecast, 2014-2022", presents a comprehensive analysis of the current and emerging trends in the global market. The qualitative and quantitative analysis of the market highlights the top impacting factors such as key drivers, restraints, and opportunities. As per the findings of the report, the global automotive in-vehicle air purifier market is expected to garner $2,010 million by 2022.
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In the automobile industry, the interior cabin space has undergone a complete transformation. This space is most vulnerable to polluted air, dust, mold spores, pollen, and dust mite feces. The driver's and passengers' health are at high risk due to the presence of smoke particles and volatile organic compounds (VOCs). In-vehicle air purifiers can capture bacterial, virus, and DNA damaging particles, thus leading to healthier and cleaner environment within the vehicle. The demand for clean and toxic free cabin air has propelled the growth of the market. Moreover, the rising levels of pollution in the atmospheric air has fueled the need for air purifiers. However, less number of automotive air purifiers along with the presence of non-standardized products restrict the growth of the market.
The report segments the market based on the product type, technology, vehicle type, and geography. Air purifiers, air ionizers, and hybrid (air purifier+air ionizer) are the products available in the market. Among the products, air purifiers accounted for the largest revenue owing to their higher compatibility and availability at lower prices. In terms of the growth rate, the hybrid systems are anticipated to grow at the highest CAGR of 10.2% during the forecast period 2016–2022. A total market share of 26% of the global market is expected to be accounted for by the hybrid systems. Air ionizers will exhibit a notable CAGR of over 9% during the analysis period.
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Based on the technology, the market is segmented into high-efficiency particulate arrestor (HEPA) filters, active carbon system, and photo catalytic. Owing to its high rate of efficiency along with easy availability, the highest revenue was generated by HEPA filters in 2015. Carbon systems are projected to grow at the fastest growth rate of 10%, due to their added benefits over the other two systems.
By vehicle type, the passenger cars segment is expected to dominate the automotive in-vehicle air purifier markets since their increasing rate of production and sales lead to a higher demand for air purifier systems. In 2015, this segment accounted for about 80% of the market. Light and heavy commercial vehicle segments are also expected to grow at a considerable rate. Geographically, the market is analyzed in the regions of North America, Asia-Pacific, Europe, and LAMEA. Approximately 36% of the market share was contributed by the Asia-Pacific market. The Asia-Pacific and LAMEA markets show promising growth during the forecast period owing to the development of advanced and low-cost air purifier systems along with the expansion in the untapped markets of the region. The adoption of European environmental rules and regulations along with the exponential rise in sales and manufacturing of vehicles in China, Japan, and India, is expected to drive the growth of the Asia-Pacific market during the forecast period.
Key findings of Automotive In-Vehicle Air Purifier Market:
- In 2015, the passenger cars segment accounted for around 80% of the revenue generated in the global automotive air purifier market.
- Air purifier segment is expected to maintain its lead during the forecast period.
- Hybrid systems are projected to grow at the highest growth rate of 10.2% from 2016–2022.
- Based on the geography, the automotive air-purifier market is dominated by Asia-Pacific, with China in the lead.
- The leading market players profiled in the report include Sharp Electronics Corporation, Diamond Air Purifiers, Kent RO Systems Ltd, Koninklijke Philips N.V., ADA Electrotech (Xiamen) Co., Ltd, Panasonic Corporation, Honeywell, Eureka Forbes, Purafil, Inc., and Livpure Private Limited.