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Automotive Air Filters Market Is Projected To Reach $9.30 Billion By 2025: Grand View Research, Inc.

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Automotive Air Filters Market Is Projected To Reach $9.30 Billion By 2025: Grand View Research, Inc.

September 15
19:30 2019
Automotive Air Filters Market Is Projected To Reach $9.30 Billion By 2025: Grand View Research, Inc.

Grand View Research, Inc. – Market Research And Consulting.
According to report published by Grand View Research, Rising awareness levels regarding global air pollution coupled with growing health concerns are expected to drive the global automotive air filters market over the forecast years.

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.

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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

Have Any Query? Ask Our Experts @ https://www.grandviewresearch.com/inquiry/680/ibb

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

Automotive Air Filters Regional Outlook (Revenue, USD Million, 2015 – 2025)

  • North America

    • U.S.

  • Europe

    • Germany

    • U.K.

  • Asia Pacific

    • China

    • India

    • Japan

  • Middle East and Africa

  • Central & South America

About Grand View Research

Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.

Media Contact
Company Name: Grand View Research, Inc.
Contact Person: Sherry James, Corporate Sales Specialist – U.S.A.
Email: Send Email
Phone: 1-415-349-0058, Toll Free: 1-888-202-9519
Address:201, Spear Street, 1100
City: San Francisco
State: California
Country: United States
Website: www.grandviewresearch.com/industry-analysis/automotive-air-filters-market

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