22-July-2019: The global automotive air filters
market size is likely to reach at USD 9.30 billion by
2025, as per a new report by Grand View Research, Inc. The market is
anticipated to register a CAGR of 8.5% over the forecast period. Growth in the
automotive sector coupled with favorable regulatory scenario is expected to
drive the market. Strict vehicular emission laws and stringent monitoring of
fleet owners’ average fuel consumption coupled with the implementation of the
Clean Air Act in U.S. is also expected to boost the overall market growth. Air
filters installed in vehicles trap dust and other airborne particulate matter
that may impact the engine efficiency. In the absence of an air filter, the
emission level of vehicles is higher, with a significant share of nitrogen
oxide.
Increasing
disposable income levels in developing countries of Middle East and Asia
Pacific are also likely to contribute to the industry growth. Fluctuating costs
of raw materials along with increasing production of Electric Vehicles (EVs) are
projected to hamper the industry growth. Favorable regulations, such as EU and
EEA member states emission standards, which include Euro VI petrol and diesel
norms that govern emissions of commercial and lightweight passenger vehicles
are anticipated to have a positive impact on the product demand in engine
components. Key companies in the market include Ahlstrom Corporation; Clarcor,
Inc.; Cummins, Inc.; Donaldson Company, Inc.; and Lydall, Inc.
In
depth research report on Automotive Air Filters Market
Further key findings from the study suggest:
·
Cabin product type accounted for 52.1% in 2018 owing to the
stringent emission control regulations along with customer concern regarding
safe automotive environment
·
In 2018, OEM end-use segment accounted for 26.71% of the
total market. Growing disposable income across developing nations is projected
to boost the segment growth
·
Passenger cars is said to be the largest application segment
in the automotive air filters market due to higher product demand as a result
of increasing automobile production
·
Asia Pacific held the largest share of the market in 2018.
Growing automotive production in Thailand, China, Indonesia, and India is
predicted to drive the market further over the forecast period
·
Key market participants include Affinia Group, Inc.; AC
Delco, Inc.; Hollingsworth & Vose Co. Inc.; Denso Corporation; Roki Co.
Ltd.; Mann+Hummel Group; K&N Engineering Inc.; Donaldson Company Inc.;
Ahlstrom Corporation; Robert Bosch GmbH; Neenah Paper Inc.; Sogefi S.p.A;
Parker Hannifin Corp.; Clarcor Inc.; Lydall Inc.; Freudenberg & Co. Kg;
Cummins Inc.; Toyota Boshoku Corporation; Mahle GmbH; and Hengst GMBH & Co.
Kg
Grand View Research
has segmented the global automotive air filters market on the basis of
application, product, end use and region:
Automotive Air Filters Application Outlook (Revenue, USD
Million, 2015 - 2025)
·
Passenger Car
·
Light and Heavy Commercial Vehicles
·
Two Wheelers
Automotive Air Filters Product Outlook (Revenue, USD Million,
2015 - 2025)
·
Intake
·
Cabin
Automotive Air Filters End Use Outlook (Revenue, USD Million,
2015 - 2025)
·
OEM
·
Aftermarket
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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, the company offers market
intelligence studies ensuring relevant and fact-based research across a range
of industries including technology, chemicals, materials, healthcare and
energy.
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