Published on : Apr 20, 2018
Albany, New York, April 20, 2018: In recent times, the rapid expansion of the automotive industry, rising sales of passenger cars as well as a rise in purchasing power of consumers has given rise to the market for air filters. This constant rise in demand is estimated to increase in the near future, thereby augmenting the expansion of the air filters market for automotive, finds a new study added to the vast archive of Market Research Hub (MRH). The research study is titled as “Air Filter Market for Automotive Industry - Global Industry Analysis, Size, Share, Growth, Trends, And Forecast 2017 – 2025”, which provides data on size of the global air filter market for automotive in 2016, along with a precise forecast for the coming years up to 2025. Moreover, the research study includes analysis of key developments that are shaping the demand for air filters in the industry.
Firstly, the readers will able to infer the details of global bottle blowing machines market overview, evaluating market performance in terms of revenue, followed by detailed analysis of key trends, drivers, restraints, and opportunities for manufacturers. For a clear overview of the market, the research analyses market expansion in major regions such as Latin America, North America, Asia Pacific, Europe, and Middle East & Africa (MEA).
Key Findings from the Study
Automotive air filters enable proper air flow to the engine, thus maintaining the air-fuel mixture. In the present time, stringent carbon emissions norms leading to lowered carbon emission levels are projected to propel the overall air filter market for automotive. According to the study key evaluation, the global air filter market for automotive is expected to expand at a CAGR of more than 3.5% between 2018 and 2026.
The usage of automotive filters is increasing at a steady pace owing to the rise in production of passenger cars. On the other hand, the air filter market for automotive in some regions is expanding at a sluggish pace, owing to its limited usage in the electric vehicles. The research broadly analyzed the market expansion, based on major segments such as product type, material type and vehicle. Based on vehicle type the industry can be segmented by passenger cars, Heavy Commercial Vehicles (HCV) and Light commercial vehicles (LCV). Major product type includes Engine Air Filter and Cabin Air Filter. Of these, the cabin air filter segment is likely to dominate the market by the end of forecast period.
In terms of geography, the report examines that the Asia Pacific held a prominent share of the global air filters market for automotive. During the forecast period, the market in Latin America is expected to witness significant expansion, owing to the increase in production of vehicles.
In the end, analysts have included detailed competitiveness analysis which highlights key players operating in the air filter market for automotive. Some of them are Donaldson Company, Inc. (U.S.), Sogefi SpA (Italy), K&N Engineering, Inc. (U.S.), Fildex Filters Canada Corporation (Canada), MAHLE GmbH (Germany), A.L. Filter (Israel), Robert Bosch GmbH (Germany), North American Filter Corporation (U.S.), Luman Automotive Systems Pvt. Ltd. (India), and Siam Filter Products Ltd., Part. (Thailand).
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