Global Automotive Air Filters market amassed revenue worth nearly 4.52 (USD Billion) by 2026 and will register a CAGR of more than 5.2% during the period from 2020 to 2026.
New York, United States - October 29, 2020 /MarketersMedia/ —
As per Zion Market Research, the global automotive air filters market size was capitalized at USD 4.52 billion in 2019, developing at a CAGR of 5.2% in the forecasted period 2020–2026. The increasing product demand from the automotive industry due to strict administrative policies for vehicle emission is likely to boost market development in the forecasted period. The automotive industry is anticipated to register robust growth due to augmenting spending capacity with raised standards of living globally. Additionally, the demand for automotive air filters is projected to be driven by increasing apprehensions concerning environmental pollution resulted from smoke emitted from vehicle exhausts.
Some of the key market players are Clarcor, Inc.; Mann+Hummel GMBH; Donaldson Company, Inc.; K&N Engineering, Inc.; Parker Hannifin Corporation; Cummins Inc.; Hengst SE; Sogefi Group; Robert Bosch GmbH, Ahlstrom Corporation; Mahle GmbH; AC Delco Inc.; Freudenberg & Co.KG; Hollingsworth & Vose Co. Inc.; Denso Corporation; Neenah Paper Inc.; and Lydall Inc.
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Raising Awareness About Environmental Pollution To Boost The Global Automotive Air Filters Market
The rapidly developing automotive industry is the major factor boosting the expansion of the automotive air filters market. In addition, the rising environmental pollution awareness is expected to stimulate the requirement for automotive air filters market in the forecasted period. The comprehensive and transformative alterations in the automotive industries add to the development of the automotive air filters market. Nevertheless, the thriving electric vehicle market is limiting the augmentation of the air filters market. In addition, the deployment of non-replaceable filters is expected to create a pessimistic impact on market growth. Furthermore, the enduring advancements in the filter technology are generating massive growth possibilities for the prominent players in the automotive air filters market considerably.
The global automotive air filters market is bifurcated on the basis of product, application, end-use, and regional analysis. Based on the product, the market is divided into cabin filters and intake filters. Based on the application, the market is divided into commercial vehicles, passenger cars, and two-wheelers. Based on the end-use, the market is divided into OEMs and aftermarket.
The Asia Pacific Region To Witness Highest Market Share In The Global Automotive Air Filters Market
Based on geographical analysis, the global automotive air filters market is divided into North America, Europe, Latin America, Asia Pacific, and Middle East & Africa. The market in the Asia Pacific region contributed to a share of about 51% due to the rapid development of the automotive industry in the budding economies such as Indonesia, China, India, and Japan. Additionally, the rising demand for hybrid and electric cars is anticipated to boost the demand for cabin air filters during 2019–2025. The presence of leading automobile players such as Honda, Toyota, Chery, Hyundai, Maruti, Tata, Suzuki, and Isuzu, combined with the manufacturing units of key global players like Volkswagen, Ford, and BMW augments the growth opportunities for automotive air filters across the region.
The global automotive air filters market is segmented as follows:
Based on the product:
Based on the application:
Based on the end-use:
Rest of Europe
Rest of Asia Pacific
Rest of Latin America
Middle East & Africa
Rest of Middle East & Africa
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