Stringent emission standard and rise in disposable income is expected to drive the demand for Vietnam automotive air purifiers market in forecast period
According to TechSci Research report, “Vietnam Automotive Air Purifiers Market By Product Type (Built-in/Cabin Air Filters Vs. Standalone/Counter-top Car Air Purifiers) By Filter Type (HEPA; UV Filter, Ionic Filter; Other Filter Combinations) By Demand Category (OEM Sales; Aftermarket New Sales; and Aftermarket Replacement Sales), By Region, Company Forecast & Opportunities, 2026”, The Vietnam automotive air purifiers market is expected to witness steady growth for the forecast period. Rise in sales of automobile due to presence of disposable income and increase in vehicle ownership is fueling the demand for automotive air purifier. Automotive air purifier helps in removal of various environmental contaminants such as smoke particles, dirt particles, among others and bad smell from the automobile. These purifiers are fitted with ionization technology and can remove smoke, dust, benzene, formaldehyde from the air by quickly killing bacteria, virus, and another disease-causing germ from automobile interior space. Rise in e-commerce platforms has led to higher sales of automotive air purifier. Manufacturers are offering lucrative discounts and offer and free of cost aftermarket service which Is the major reason for high demand of automotive air purifier through online platforms. Increase in awareness among consumers the demand for air purifier is expected to grow as they aid in eliminating the harmful substances from the air. Increase in respiratory related disorders and rise in prevalence of asthma, chronic obstructive pulmonary disorder is further accelerating the growth of the market.
The COVID-19 outbreak across the world which has been declared as pandemic by World Health Organization has affected several countries adversely. Leading authorities in Vietnam States imposed lockdown restrictions and released a set of precautionary measures to contain the spread of novel coronavirus. Coronavirus affected patients started suffering from shortness of breath along with coughing and sneezing. Vietnam authorities increased the capacity of hospitals as a greater number of patients were getting affected daily and getting admitted into the hospital facilities. Automotive industry faced a set-back due to the spread of novel coronavirus. Manufacturing units were shutdown and production got delayed. Disruption in supply chain was observed which led to market decline. Post lockdown restriction the automotive air purifier industry is expected to pick up the pace eventually.
However, high cost of automotive air purifier for large scale consumption may hamper the growth of the market.
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Vietnam automotive air purifiers market is segmented into product type, filter type, demand category, regional distribution, and company. Based on filter type, market can be divided into HEPA, UV filter, ionic filter, and other filter combinations. The HEPA filter type segment is expected to hold major market share for the forecast period, 2022-2026. HEPA stands for high efficiency particle air and is useful to not only remove the dirt particle from the air and removes small air particles and pollutants. Rise in government initiatives to improve the air quality and rise in consumer spending is expected to boost the demand for air purifiers.
Panasonic Vietnam Co., Ltd, Daikin Air Conditioning Vietnam JSC, Sharp Electronics (Vietnam) Company Limited, Honeywell International Inc., Hitachi Home Electronics Vietnam Co., Ltd, Blueair AB, Koninklijke Philips N.V., A. O. Smith Vietnam Company Limited, Electrolux Vietnam, Carpa Vietnam Trade Joint Stock Company (Coway) are the leading players operating in Vietnam automotive air purifiers market. Manufacturers are increasingly focusing on research and development process to fuel higher growth in the market. To meet evolving customer demand with respect to better efficiency and durability, several automotive air purifiers manufacturers are coming up with their technologically advanced offerings.
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“Automobile industry have seen significant changes in terms of seat automation, upholstery, infotainment and along with the technological advancement there is significant rise in the awareness of the consumers that cabin space in automobile is prone to getting affected to environmental pollutants such as smoke, fume, pollutant, among others along with spread of generic pollutant such as food smell and bad odor. Increasing collaborations between the original equipment manufacturers and automotive air purifier manufacturers is expected to propel the market growth till 2026” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
“Vietnam Automotive Air Purifiers Market By Product Type (Built-in/Cabin Air Filters Vs. Standalone/Counter-top Car Air Purifiers) By Filter Type (HEPA; UV Filter, Ionic Filter; Other Filter Combinations) By Demand Category (OEM Sales; Aftermarket New Sales; and Aftermarket Replacement Sales) , By Region, Company Forecast & Opportunities, 2026” has evaluated the future growth potential of Vietnam automotive air purifiers market and provided statistics & information on market size, shares, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the of Vietnam automotive air purifiers market.
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