The
global automotive air filters market is expected to reach
USD 8.62 billion by 2024, according to a new report by Grand View Research,
Inc. Rising disposable income coupled with the growth of global automobile
industry and stringent emission norms is expected to drive the market growth
over the next eight years.
The
global automotive air filters market is estimated to witness a high growth
owing to rising automobile production along with rapid industrialization and
urbanization. Stringent emission control regulations are expected to foster the
market growth.
 |
| U.S. automotive air filters market revenue by product, 2014 - 2024 (USD Million) |
Growing
disposable income in developing regions such as Asia Pacific and the Middle
East is presumed to drive the growth. Economies such as India and China are
projected to have brisk growth and lead their regional market. Volatile raw
materials cost is presumed to hamper the industry growth. The increase in
electric vehicles production is also estimated to hinder the market growth
shortly.
Favorable
regulation such as EU and EEA member states emission standards which include
Euro VI petrol and diesel norms. This norm is to govern light and commercial
passenger vehicles emissions and is anticipated to have a positive impact on
automotive air filters demand in engine components.
Browse full
research report on Automotive Air Filters Market: www.grandviewresearch.com/industry-analysis/automotive-air-filters-market
Further key
findings from the report suggest:
- Cabin
filter emerged as the leading product segment and accounted for 51.6% of
total market revenue in 2015. Cabin filters are estimated to grow at a
rapid pace at an estimated CAGR of a 9.1% from 2016 to 2024. The growth
can be attributed due to favorable emission control regulation and
consumer concern towards safe car environment.
- Passenger
car application segment dominated the automotive air filters demand and
accounted for over 50% of the total market in 2015. Increasing demand in
automobile industry coupled with rapid automobile production is expected
to benefit the overall filters demand in automotive.
- In
2015, Aftermarket segment in end-use had the highest penetration in the
automotive air filters market with over 70% of the total market. This
trend is expected to continue over the next eight years. Rising disposable
income across emerging nations is estimated to favor the market growth.
- Asia
Pacific had the highest regional market penetration in 2015 and accounted
for over 45% of global demand. Increasing automobile production in India,
China, Thailand and Indonesia is expected to drive the regional market
over the forecast period.
- Key
market participants include Ac Delco Inc., Affinia Group Inc., Denso
Corporation, Hollingsworth & Vose Co. Inc., Mann+Hummel, Roki Co. Ltd,
Donaldson Company Inc., K&N Engineering Inc., Robert Bosch GmbH,
Ahlstrom Corporation, SogefiS.p.A, Neenah Paper Inc., Clarcor Inc., Parker
Hannifin Corp., Freudenberg & Co. Kg, Lydall Inc., Toyota Boshoku
Corporation, Cummins Inc., Hengst GMBH & Co. Kg, Mahle GmbH and Valeo
S.A.
Browse more
reports of this category by Grand View Research: www.grandviewresearch.com/industry/chemicals-and-materials
Grand View Research has segmented the global automotive Air filters
market on the basis of product, application, end-use and region:
Global
Automotive Air Filters Application Outlook (USD Million, 2014 - 2024)
- Passenger
car
- Light
and heavy commercial vehicle
- Two
wheelers
Global
Automotive Air Filters Product Outlook (USD Million, 2014 - 2024)
- Intake
- Cabin
Global
Automotive Air Filters End-Use Outlook (USD Million, 2014 - 2024)
- OEM
- Aftermarket
Global
Automotive Air Filters Regional Outlook (USD Million, 2014 - 2024)
- North
America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- Spain
- Asia
Pacific
- China
- India
- Japan
- South
Korea
- Middle
East & Africa
- Central
& South America
Access
Press Release By Grand View Research: www.grandviewresearch.com/press-release/global-automotive-air-filters-market
About Grand
View Research:
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research
reports, and consulting services. To help clients make informed business
decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
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