Car Air Purifier Industry: 2018-2022 Global Market Forecasts and Analysis
MarketResearchNest.com adds “Global Car Air Purifier Market 2018-2022”new report to its research database. The report spread across 130 pages with table and figures in it.
About Car Air Purifier:- Car air purifiers are used in vehicles to remove air contaminant from the inside of the car cabin. Car air purifiers are specifically designed for four-wheeler vehicles.
Research analysts forecast the global car air purifier market to grow at a CAGR of 9.48% during the period 2018-2022.
Covered in this report:- The report covers the present scenario and the growth prospects of the global car air purifier market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
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The market is divided into the following segments based on geography:
Technavio recognizes the following companies as the key players in the global car air purifier market: 3M, EcomVentures (Eco Breeze), Koninklijke Philips, NIRVANA BEING, SHARP CORPORATION, and Panasonic Corporation.
Commenting on the report, an analyst from Research team said: “One trend in the market is growth in multi-functional car air purifier. There is a rising trend of developing multi-functional, compact, and simple user-interface products to improve the quality and designs of the car. Following such trends, vendors offer multi-functional car air purifiers consist of an air conditioner to cool, fan to circulate air, a dehumidifier to remove moisture, and air purifier to remove contaminants from the cabin air. The multifunctionality of the car air purifier is about air freshening and fragrance.”
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According to the report, one driver in the market is technology innovation leading to product premiumization. The innovation related to the technologies of car air purifier is one of the leading factors for the expansion of the global car air purifier market. Vendors in the market have shifted their focus from manufacturing conventional car air purifier to purifiers incorporated with the latest technologies. There are three prominent technologies on the market available. They are HEPA, active carbon systems, and photocatalytic.
Further, the report states that one challenge in the market is high price sensitivity of consumers. The price sensitivity among end-users is a stalemate in the growth of the global car air purifier market. The price sensitivity is a major concern for the vendors in the developing countries of APAC, Latin America, and MEA such as India, China, Brazil, Argentina, Egypt, and South Africa. In such countries, consumers are price conscious, and they do not like to spend more on premium and augmented products.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Key questions answered in this report: – What will the market size be in 2022 and what will the growth rate be?; What are the key market trends?; What are the challenges to market growth?; Who are the key vendors in this market space?;
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