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The Automotive Air Filters Market is set to grow from its current market value of more than $4 billion to over $7 billion by 2022; as reported in the latest study by Global Market Insights, Inc. Global automotive air filter Market should grow at a rapid pace owing to positive outlook towards growing automotive sales. Two-wheelers and passenger cars have witnessed widespread demand in past years and growing at a CAGR of 5% over the years which was over 55 million units in 2015.Regulations set by different nations for emission control of harmful gases and pollutants released by vehicles like CARB, Euro standards and JMLIT Standards may impact automotive air filter market.Growing health hazard awareness and consequences resulting from absence of proper air filtration from car engines should promote product demand.
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The report covers comprehensive market overview including definition, application and segmentation on the basis of region, product, end-use, application and competitive landscape. The report includes in-depth analysis of the market with focus on key factors that influence the market like drivers, impediments, opportunities and challenges.
Growth of electric vehicle industry owing to its features like less maintenance, negligible gas emissions, and environment friendly is expected to influence automotive air filter demand. Advent of electric vehicles is likely to hamper automotive air filters market growth.
Cabin air filter market should generate over USD 4 billion by 2022. Rising pollution levels created by vehicular and industrial emission might reach inside car cabin through ventilation or air conditioning and needs to be checked in order to provide comfort and safety and will pivot automotive air filters market.
Intake automotive air filters might show a growth rate of over 10% during projected timeframe. They prevent engine contamination from dust and pollutants which may impact its fuel efficiency and performance of engine, thus creating scope for automotive air filters market growth.
OEM will witness a growth rate of over 8% by 2022 which is dominated by China and India market. Shortage of raw materials like fiberglass, pleated paper and ceramic paper due to its demand in other industries as well might impact pricing of products.
Cabin filters are projected to continue its dominance in the global automotive air filters product segment and witness substantial growth during the projected period. Intake filters are likely to upsurge at a projecyed CAGR of over 7% in the near future owing to rising consumer awareness about the long lasting automotive engines.
Passenger cars dominated the application segment and is expected to observe growth during the projected time frame owing to growth in tourist and personal vehicles. Light & heavy commercial vehicles are forecast to grow steadily.
Browse key industry insights spread across 84 pages with 43 market data tables & 18 figures & charts from the report, “Automotive Air Filters Market” in detail along with the table of contents: https://www.gminsights.com/industry-analysis/automotive-air-filters-market
Asia-pacific automotive air filter market dominates the global market share and is expected to generate over USD 5 billion by 2022. Increase in sales of vehicles both passenger and commercial will drive regional industry growth.
Highly fragmented global automotive air filters market has witnessed frequent mergers and acquisitions. The report features competitive analysis of the key players with profiles, business strategies, current trends, and financial metrics listed in the report. The key players covered in the report include Denso Corporation, Cummins Inc., Lydall Inc., Ahlstrom Corporation, Parker Hannifin Corp., K&N Engineering Inc., Toyota Boshoku Corporation and Roki Co. Ltd.
Glimpse of Table of Content (ToC)
Chapter 3 Automotive Air Filters Market Insights
3.1 Industry segmentation
3.2 Industry size and forecast, 2012-2022
3.3 Industry ecosystem analysis
3.3.1 Fiber Manufacturers
3.3.2 Wet-laid nonwovens
3.3.3 Filter media
3.3.4 Filtration system assembly
3.3.5 OEM/aftermarket filter systems
3.4 Industry impact forces
3.4.1 Growth drivers
3.4.1.1 Growth of automotive industry in BRIC nations
3.4.1.2 Favorable emission norms
3.4.2 Industry pitfalls & challenges
3.4.2.1 Growth in electric vehicles industry
3.4.2.2 Volatile raw material prices
3.5 Growth potential analysis
3.6 Market Trends and High Performance Filter Media Prospects
3.6.1.1 Historical evolution
3.6.1.2 Technological trend
3.6.1.3 Market dynamics
3.6.1.4 Market development and key market participants
3.7 Company market share analysis, 2014
3.7.1 Strategic dashborad
3.8 Porter's analysis
3.9 PESTEL Analysis
Chapter 4 Automotive Air Filters Market, By Product
4.1 Automotive air filters market revenue share by product, 2014 & 2022
4.2 Intake
4.2.1 Market estimates and forecast, 2012-2022 (USD Million)
4.2.2 Market estimates and forecast by region, 2012-2022 (USD Million)
4.3 Cabin
4.3.1 Market estimates and forecast, 2012-2022 (USD Million)
4.3.2 Market estimates and forecast by region, 2012-2022 (USD Million)
Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/automotive-air-filters-market
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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Website: https://www.gminsights.com/pressrelease/automotive-air-filters-market
Release ID: 88917470
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