Press release
Automotive Air Filters Market Set for Massive Growth | 2018 Key Players are Sogefi, Valeo, Denso, Cummins, Mann+Hummel, Neenah Paper, Robert Bosch, Toyota Boshoku, Hollingsworth, Affinia, Ac Delco, Donaldson
Automotive Air Filters Market
Automotive Air Filters Market to reach USD 7.2 billion by 2022 due to the rising popularity of passenger cars along with growing two-wheeler vehicle trend. Global demand for passenger vehicles estimated at 58 million in 2012, is predicted to touch nearly 80 million by 2018. Furthermore, growing health awareness among the consumers is expected to stimulate global automotive air filters market.
EPA and CCC have demonstrated that automobiles, without proper air filters and ventilation facility, can cause health problems as well as ecological damage. Installation of air filters in automobiles is one of such measures suggested by EPA to reduce health hazards caused due to fuel emissions from vehicles.
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Major automotive air filters products include intake automotive air filters and cabin automotive air filters. Cabin automotive air filters market, which contributed over half of the global revenue in 2014, is expected to witness a high surge over the coming six years. The growth can be attributed to enhanced demand for air filters as a result of rising levels of environmental pollution due to fuel emissions from vehicles. Furthermore, they help in reducing pollutants in vehicle and offer maximum level of comfort for drivers. Intake automotive air filters market is projected to record a CAGR of 7% over the period of 2015-2022.
Top Key Players:-
• Ac Delco Inc. (United States)
• Affinia Group Inc. (United States)
• Ahlstrom Corporation (Finland)
• Clarcor Inc. (United States)
• Cummins Inc. (United States)
• Denso Corporation (Japan)
• Donaldson Company Inc. (United States)
• Freudenberg & Co. Kg. (Germany)
• Hengst SE & Co. KG (North America)
• Hollingsworth & Vose Co. Inc. (United States)
• K&N Engineering Inc. (California)
• Lydall Inc. (United States)
• Mahle GmbH (Germany)
• Mann+Hummel (Germany)
• Neenah Paper Inc. (Alpharetta)
• Parker Hannifin Corp. (United States)
• Robert Bosch GmbH (Germany)
• Roki Co., Ltd.
• Sogefi S.p.A. (Italy)
• Toyota Boshoku Corporation (Japan)
• Valeo SA (France)
Regional Segmentations:-
North America, driven by U.S. automotive air filters market size, from passenger car should generate over USD 730 million in business by 2022. Rise in spending capacity for automobile purchase should drive regional product demand.
Asia Pacific may witness gains at over 8.5%. Rapid industrialization along with number of mid-size cars sales with presence of numerous industries should drive regional growth. OEMs may witness significant gains. Presence of unorganized market in China and India may pose threat to the market. Numerous suppliers in the OEM market provide robust solutions ensuring for better business trend.
Latin America, driven by automotive air filters market size in Brazil, should witness gains at over 8%. Number of service offerings by OEM should drive regional demand. Increasing opportunities for e-mobility, aftermarket segment and connected cars may stimulate industry growth. Two wheelers vehicles demand should grow significantly over the forecast timeframe. Indian two wheeler market is showing an uptrend and thus resulting in high sales and production volume.
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Major Points of Table Of Content:-
Chapter 1 Methodology & Scope
1.1 Research Methodology
1.1.1 Initial data exploration
1.1.2 Statistical model and forecast
1.1.3 Industry insights and validation
1.1.4 Definitions & forecast parameters
1.2 Data Sources
1.1.1 Primary
1.1.2 Secondary
Chapter 2 Executive Summary
2.1 Automotive air filters industry 3600 synopsis, 2012 - 2022
Chapter 3 Automotive Air Filters Industry Insights
3.1 Industry segmentation
3.2 Industry size and forecast, 2012-2022
3.3 Industry ecosystem analysis
3.3.1 Fiber Manufacturers
3.3.2 Wet-laid nonwovens
3.3.3 Filter media
3.3.4 Filtration system assembly
3.3.5 OEM/aftermarket filter systems
3.4 Industry impact forces
3.4.1 Growth drivers
3.4.1.1 Growth of automotive industry in BRIC nations
3.4.1.2 Favorable emission norms
3.4.2 Industry pitfalls & challenges
3.4.2.1 Growth in electric vehicles industry
3.4.2.2 Volatile raw material prices
3.5 Growth potential analysis
3.6 Market Trends and High Performance Filter Media Prospects
3.6.1.1 Historical evolution
3.6.1.2 Technological trend
3.6.1.3 Market dynamics
3.6.1.4 Market development and key market participants
3.7 Company market share analysis, 2014
3.7.1 Strategic dashborad
3.8 Porter's analysis
3.9 PESTEL Analysis
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Cabin automotive air filters should witness highest gains at over 8%. Favorable regulations to control emission along with consumer awareness for care safety should drive industry growth. Strong R&D spending for superior and better products may influence product demand. Manufacturers are taking necessary initiatives to increase product portfolio and create ample opportunities in the industry.
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