Wilmington, Delaware, United States, March 30, 2023 (GLOBE NEWSWIRE) -- Transparency Market Research Inc. - The car air freshener market was valued at US$ 897 Mn in 2020 it is expected to grow at a CAGR of 4% during the forecast period 2021-2031 and reach US$ 1.3 Bn by the end of 2031. The need to maintain the authenticity and aura of vehicles besides its mechanical health is boosting market demand in North America.
Rapid urbanization and development of smart cities have upgraded people’s lifestyle choices from local commute to personal transports, thereby boosting the demand for vehicles. This has a direct and positive influence on the car air freshener market growth and is a key driver of the car air freshener industry in North America.
Rise in air pollution level and increase in the need to freshen up the atmosphere inside private and public vehicles are anticipated to drive market size in the region. Additionally, the advent of smart technology in automobile accessories, such as smart air purifiers, is projected to accelerate car air freshener market expansion in the region during the forecast period.
For Insights on Global, Regional, and Country-Level Parameters with Growth Opportunities by 2031 - Download a Sample Report!
Market Snapshot:
| Report Coverage | Details | |
| Market Revenue | USD 897.1 Mn | |
| Estimated Value | USD 1.3 Bn | |
| Growth Rate - CAGR | 4% | |
| Forecast Period | 2021–2031 | |
| No. of Pages | 96 Pages | |
| Market Segmentation | By Product Type, Ingredient, Price, Distribution Channel | |
| Regions Covered | North America, Europe, Asia Pacific, Middle East & Africa, South America | |
| Companies covered | Air Delights Inc., Church & Dwight Co. Inc., Henkel AG & Company KGaA, Newell Brands, Procter & Gamble Co., Reckitt Benckiser Group PLC, S.C. Johnson & Son, Inc., CAR-FRESHNERS Corporation, Auto Expressions, American Covers | |
Key Findings of Study
- Innovation in Air Freshener Packaging for Vehicles Spurring Market: The popularity of gel type car air freshener has bolstered global market. Additionally, the launch of clips and vent type car air freshener is anticipated to augment car air freshener industry size during the forecast period.
- Advent of Natural Air Fresheners to Attract Allergic Consumers: Many people are allergic to fragrances. This factor had restricted the sale of car air fresheners for this specific customer segment. However, the introduction of natural air fresheners with organic fragrances would help attract these consumers, which would help create new market opportunities in North America during the forecast period.
Buy this Premium Research Report | Immediate Delivery Available - https://www.transparencymarketresearch.com/checkout.php?rep_id=3183<ype=S
Key Drivers
- Increase in efforts by manufacturers to serve the ever increasing and changing needs of consumers with regard to fragrances in car freshener is likely to result in the launch of innovative scents. This is expected to increase car air freshener market size during the forecast period.
- Rise in rate of car sales is expected to augment the car air freshener market in the region. Rise in disposable income of people and growing inclination toward better lifestyle is likely to have an indirect but positive influence on people opting for innovative car air freshener types, such as sprays, paper, clips, gels, and cans. This is projected to drive the market in the near future.
Demographical Growth Dynamics
- As per the latest market forecast, the U.S. held the largest market share in 2021. The trend is anticipated to continue during the forecast period. This can be ascribed to the increasing awareness about aromatherapy and its health benefits.
- The need to maintain vehicle health and hygiene is expected to fuel the U.S. market during the forecast period
Key Players
Companies operating in the car air freshener market in North America are making efforts to stay ahead of the competition by investing in research and development. High investment in the launch of new fragrances for air fresheners is projected to help vendors gain a competitive edge. Presence of a large number of players in the market is expected to lead to intense competition as per the recent Transparency Market Research report on North America Car Air Fresheners Market.
Leading players in the car air freshener industry research in North America are Church & Dwight Co., Inc., American Covers, Auto Expressions, Newell Brands, CAR-FRESHENER Corporation, S.C. Johnson & Son, Inc., Reckitt Benckiser Group plc, Procter & Gamble Co., Henkel AG & Company KGaA, and Air Delights Inc.
Expand operations in the future – To get requisite details, ask for a custom report - https://www.transparencymarketresearch.com/north-america-car-air-fresheners-market.html
North America Car Air Freshener Market Segmentation
Product Type
- Hanging Car Air Freshener
- Vent Car Air Freshener
- Stick-on Car Air Freshener
- Can Air Car Freshener
- Plug-in Car Air Freshener
- Spray Car Air Freshener
Ingredient
- Natural/Organic
- Synthetic
Price
- Low
- Medium
- High
Distribution Channel
- Online
- E-commerce Websites
- Company-owned Websites
- E-commerce Websites
- Offline
- Hypermarkets/Supermarkets
- Specialty Stores
- Other Independent Retailers
- Hypermarkets/Supermarkets
Region
• North America
Country
• U.S.
• Canada
About Transparency Market Research
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
Contact:
Nikhil Sawlani
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Website: https://www.transparencymarketresearch.com
Blog: https://tmrblog.com
Email: sales@transparencymarketresearch.com
