LONDON, March 9, 2020 /PRNewswire/ -- Market and Volume Forecasts by Technology (Hepa, Activated Carbon, Photocatalytic, Ionic Filter and Others), by Types (Purifier, Ionizer, Hybrid and Others), by Vehicle Class (Economy Vehicles, Mid-Priced Vehicle and Luxury Vehicles), by Vehicle Type (Passenger Cars, Light Commercial Vehicles and Heavy Commercial Vehicles), by Distribution Channel (OEMs and Aftermarket) with Regional and National Market Analysis and Financial Analysis of Leading Companies
The global market for automotive air purifier is projected to grow with a CAGR of 14.1% during the forecast period from 2020-2030 and is estimated to reach $4.0 billion by 2030. The major drivers of growth for this market are increasing public awareness regarding healthcare and environmental effects of air pollution and rapid urbanization & industrialization. Furthermore, rising demand for automotive vehicles is escalating the growth of the automotive air purifier market during the forecast period.
Asia Pacific region is expected to be the largest market for automotive Air Purifier due to presence of major developing countries including China, India, and South Korea, leadership in vehicle production and consumption, and adoption of technological advancement by OEMs. Further, growing middle class family and living standard also having positive impact on air purifier market in APAC region.
Leading companies featured in the Automotive Air Purifier Market Report 2020-2030 report include 3M, Bosch, DENSO Corporation, Eureka Forbes, Honeywell, Koninklijke Philips N.V., Mahle, Mann+Hummel, Panasonic, and Sharp Corp. among others. Mergers & acquisitions, expansion, and joint ventures constitute some of the industry players' common strategies for reducing product price overall and maintaining extremely competitive conditions. In order to guarantee continued raw material supplies and ease of installation services, many players in the sector create alliances with raw material providers.
The comprehensive report provides market estimates and forecasts for leading domestic markets across the world for the period from 2019 to 2030. In addition, the report includes dedicated leading companies covering 10 leading automotive air purifier industry producers.
The Visiongain report on the Automotive Air Purifier Market Report 2020-2030 will appreciate anyone who wants to better understand the market in various segment verticals. It will be useful for companies that want to better understand the part of the market in which they are already involved or those that want to enter or expand into another regional or technical part of the automotive air purifier industry.
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Companies covered in the report include:
3M ADA Electrotech (Xiamen) Co., Ltd Airbus Electronic Technology Co., Ltd. Bosch Denso Diamond Air Purifier Ecomventures Eureka Forbes Freudenberg Group Guangzhou Olansi Healthcare Honeywell Incen Koninklijke Philips N.V. Mahle Mann+Hummel Oransi Panasonic Purafil, Inc. Sharp Corp. Toyota Boshoku Xiamen Airbus Electronic Technology Xiaomi Yadu