Automotive Air Filters Market - Technology, Trends, Market Demand and Opportunities by 2020
Posted: Jun 01, 2018
Automotive Air Filters Market is likely to cross over USD 6 billion by the end of 2020.According to the new research report by Hexa Research, The growing demand of automotive industry, especially in nations like BRIC, with growth in industrialization and increase in disposable income to remain a key driving factor in the global market. Rising consumer awareness regarding health disorders that are caused due to contaminated air the car cabin is also estimated to have a positive influence on industry. Global automotive air filters segment was dominated by Cabin filters which contributed for over 50% of total market revenue in 2013.These product segment are expected to be the fastest growing product segment at an approximate CAGR over 8.5% from 2015 to 2020.Consumers’s focus towards the reducing the bad odor and reducing the health disorders caused by air pollutants inside the vehicles is estimated to increase demand for cabin filters over the forecast period.
Accumulation of the micro organisms inside the car results in health disorders such as asthma, extreme allergic reactions, nausea, irritated mucous membranes and watering of eyes. Positive emergence of electricity powered vehicles in the market may hinder the growth of intake automotive air filters as repeated replacement of these filters are required to maintain the car health. Use of electricity powered engines in the car minimizes their operation and maintenance cost and also emits less hazardous pollutants in comparison to conventional combustion engine vehicles. Major automotive air filters manufacturers around the world are investing on R&D spend owing to the volatility in the raw material prices.
Browse Details of Report @ https://www.hexaresearch.com/research-report/global-automotive-air-filters-industry/
The market is about to move towards consolidation in upcoming years. Few leading participants operating in market are Mahle Industries, Mann + Hummel, Cummins and Affnia.
Largest application for automotive air filters market was Passengers cars which contributed for around 51.3% of market revenue globally in 2013.With growing passenger’s cars ownerships especially in emerging markets of Brazil, India and China are likely to drive air filter demand in passenger cars. The demand for Automotive air filter is estimated to grow for two wheelers with CAGR for around 8.3% from 2015 to 2020.In 2013, Aftermarket dominated automotive filter demand contributing for total 49.1% of market revenue. Major regional market for Automotive Air filters were Asia Pacific, estimated to grow at the CAGR of around 8.4% from 2015 to 2020.
Cabin filters was the largest automotive air filters product market and had over half of the total market share in 2012. Growing health concern among the car occupants regarding the health disorders that can be caused by contaminated air is expected to have a positive influence on the overall automotive air filters market growth.
Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe.