DUBLIN, Feb. 14, 2019 /PRNewswire/ --
The "Automotive Air Purifier Market by type (Purifier, Ionizer, & Hybrid), Technology (HEPA, Activated Carbon, Ionic Filter, & Photocatalytic), Vehicle Class (Economy, Mid-Priced & Luxury), End Market (OE & Aftermarket) & Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.
The automotive air purifier market is estimated to be USD 792.7 million in 2018 and is projected to reach a market size of USD 2,286.9 million by 2025, growing at a CAGR of 16.34% during the forecast period.
The key growth drivers for the market are the increasing public awareness related to healthcare and environmental effects of air pollution and rapid urbanization and industrialization.
The aftermarket is estimated to hold the largest market share in 2018. However, the OE market for air purifier is estimated to be the fastest growing market during the forecast period and is anticipated to grow at a rapid pace due to increasing consumer demand and rising air pollution. Several OEMs, along with air purifier manufacturers, are integrating the air purifier in the vehicles, which will boost the automotive air purifier OE market.
The luxury vehicle segment is estimated to hold the largest share, by volume and value, of the automotive air purifier market during the forecast period. However, the economy vehicle segment is estimated to be the fastest growing market owing to the rise in demand for comfort & convenience features in the vehicles.
The HEPA segment is projected to be the largest market segment, by volume, of the automotive air purifier market during the forecast period. The HEPA segment is followed by ionic filters and activated carbon segment during the forecast period. The ionic filter segment will have steady growth whereas activated carbon will witness considerable growth in the market. The growing concerns about healthcare and environmental effects from air pollution would boost the demand for HEPA and activated carbon segment in vehicles.
The hybrid purifier segment is estimated to witness the fastest growth in the automotive air purifier market due to the rise in public awareness related to healthcare and environmental effects of air pollution. Rapid urbanization and industrialization have also fueled the growth of hybrid air purifier systems that are equipped with more than one type of purification system and provide better output compared to other systems.
The European region is projected to be the largest market for automotive air purifier in 2025 due to increased production of automobiles and significant adoption of advanced technologies in automotive electronics. Being the largest market of passenger vehicles, the North American automotive air purifier market is estimated to hold the second largest market share in 2025. Rapid urbanization and industrialization, coupled with a rise in consumer demand for convenience features in mid-variant cars, are the key factors driving the European market.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities in the Automotive Air Purifier Market
4.2 Market Share, By Country
4.3 Market, By Type
4.4 Market, By Vehicle Class
4.5 Market, By End Market
4.6 Market, By Technology
4.7 Market, By Region
5 Market Overview
5.2 Market Dynamics
126.96.36.199 Increasing Public Awareness Related to Healthcare and Environmental Effects of Air Pollution
188.8.131.52 Increasing Urbanization and Industrialization
184.108.40.206 High Pricing of Air Purification System Limiting Its Consumption
220.127.116.11 Developing Countries to Offer Market Growth Opportunities
18.104.22.168 Availability of Cheap and Low-Quality Purification Products
22.214.171.124 Ever-Changing Consumer Requirements Leading to High Cost of R&D Activities for New Entrants
6 Technological Overview
6.2 Air Filteration Technology
6.2.2 Activated Carbon
6.2.3 Ionic Filter
7 Automotive Air Purifier Market, By Technology
7.3 Activated Carbon
7.5 Ionic Filter
8 Market, By Type
9 Market, By Vehicle Class
9.2 Economic Priced Vehicles
9.3 Mid-Priced Vehicles
9.4 Luxury Vehicles
10 Automotive Air Purifier Market, By End Market & Region
10.2 Asia Pacific
10.2.4 South Korea
10.2.5 Rest of Asia Pacific
10.3.6 Rest of Europe
10.4 North America
10.5 Rest of the World (RoW)
11 Company Profiles
11.7 Sharp Corp.
11.9 Koninklijke Philips N.V.
11.10 Eureka Forbes
11.12 Toyota Boshoku
11.13 Freudenberg Group
11.15 Xiamen Airbus Electronic Technology
11.17 Guangzhou Olansi Healthcare
11.18 Diamond Air Purifier
For more information about this report visit https://www.researchandmarkets.com/research/6kn8k5/global_automotive?w=5
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