PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1567286
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1567286
The North America car air fresheners market is estimated to be valued at US$ 1.53 Billion in 2024 and is expected to reach US$ 2.05 Billion by 2031, exhibiting a compound annual growth rate (CAGR) of 4.3% from 2024 to 2031.
Report Coverage | Report Details | ||
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Base Year: | 2023 | Market Size in 2024: | US$ 1.53 Bn |
Historical Data for: | 2019 To 2023 | Forecast Period: | 2024 To 2031 |
Forecast Period 2024 to 2031 CAGR: | 4.30% | 2031 Value Projection: | US$ 2.05 Bn |
The North America car air fresheners market is a diverse landscape comprising of various fragrances that are used to eliminate unwanted odors from vehicles and leave behind a pleasant smell. Car air fresheners are available in different forms like gels, sprays, and smokers that help remove tobacco odor, food smell, pet odors, and other unpleasant aromas from car interiors. Rising consumer awareness about maintaining vehicle hygiene coupled with increasing disposable income has boosted the sales of car air fresheners. Moreover, manufacturers are innovating product offerings by introducing natural essential oil-based fragrances, long lasting formulations and personalized fragrances according to consumer tastes. However, intense competition and presence of counterfeit products pose a threat to industry growth.
The North America car air fresheners market is driven by rising consumer preference for fragrance solutions that enhance the in-cabin air quality and ambience of vehicles. Furthermore, increasing vehicle ownership led by economic prosperity and easy automobile financing options have augmented the product demand. However, availability of cheaper counterfeit offerings remains a major challenge for established brands. Nevertheless, companies are capitalizing on opportunities through new product launches catering to dynamic consumer preferences. For instance, manufacturers are focusing on natural ingredient-based formulas and customized fragrances according to regional tastes. Additionally, long lasting formulations and gel-based solutions are gaining traction among consumers looking for hassle-free usage. With car ownership on the rise coupled with rising spending power, the market is expected to witness robust growth over the forecast period.
This report provides in-depth analysis of the North America car air fresheners market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the North America car air fresheners market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include Procter & Gamble, Reckitt Benckiser Group, SC Johnson & Son, Inc., Air Spencer, Febreze (Procter & Gamble), Yankee Candle Company, Little Trees, Glade (SC Johnson), California Scents, Vent Clip, Car-Freshener Corporation, Aloha Air Products, Inc., Renuzit (ConAgra Brands), Zep Inc., and Chemical Guys
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The North America car air fresheners market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the North America car air fresheners market
Detailed Segmentation-