The
global Automotive Air Filters
Market size
is expected to reach USD 5.4 billion by 2025, expanding at a CAGR of 4.8%,
according to a new report by Grand View Research, Inc. Stringent government
regulations related to automotive emissions, coupled with rising fuel-efficient
vehicles, are likely to propel market growth.
Increasing
global environmental pollution, coupled with stringent environmental
regulations implemented by governments and NGOs, is expected to drive the
overall market over the forecast period. In addition, initiatives undertaken by
associations such as Car Care Council and Environmental Protection Agency are
likely to spread awareness about the product among automotive manufacturers
across the globe, thereby driving the market growth.
Rising
automotive production in developing economies such as India, China, and
Indonesia is projected to boost the demand for this product in the automotive
industry. In addition, increasing air pollution in the aforementioned countries
has resulted in implementation of strict emission regulations, which is further
estimated to drive the market.
Major
cities across the globe had more particulate concentration than the required
values in 2014. This forced governments to advocate the use of efficient
emission systems. Therefore, the market is expected to benefit from these
government initiatives as air filters are a major contributor toward increasing
engine efficiency.
Key
market players including Mann+Hummel Holding GMBH; K&N Engineering, Inc.;
Cummins Inc.; Mahle GmbH; and Robert Bosch GmbH are engaged in the
manufacturing and distribution of a variety of products. In addition, these
players are involved in establishing a strong distribution network across the
globe by implementing strategies such as mergers, acquisitions, and joint ventures.
Browse
Details of Report @
https://www.grandviewresearch.com/industry-analysis/automotive-air-filters-market
https://www.grandviewresearch.com/industry-analysis/automotive-air-filters-market
Further key findings from the report suggest:
- Cabin
filters accounted for a market share of 49.5% in 2018, owing to their
usage for maintaining a steady stream of fresh air in the vehicle cabin,
coupled with their high frequency of replacement in automobiles
- The
passenger car application segment dominated the automotive air filters
market in 2018 and is estimated to reach USD 2.9 billion by 2025, due to
rising demand for the product with growing automotive production across
the globe
- The
aftermarket end-use segment is projected to register notable gains and
reach a revenue of USD 4.1 billion by 2025 driven by the replacement of
cabin and intake filters on a regular basis as recommended by
manufacturers
- The Asia
Pacific region accounted for a market share of 50.9% in 2018 and is
projected to reach USD 2.8 billion by 2025 owing to high automotive
production in developing economies such as China, India, and Thailand
- Key
participants are engaged in R&D activities to design and develop a
wide-ranged product portfolio. In addition, the players are focusing on
establishing and expanding their distribution networks across the globe.
About Us:
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.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
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.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
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