Press release
Automotive Air Filters Market 2018 Trend, Revenue & Regional Analysis 2024 By Top Players – Cummins, Denso, Donaldson, Mahle, Mann+Hummel, Parker Hannifin, Bosch USA, Valeo
Automotive Air Filters Market
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Industry Growth drivers:
1 Growth of automotive industry in BRIC nations
2 Favorable emission norms
Passenger car segment of automotive industry generates the highest revenue accounting to be over 50% in automotive air filter market share. Rising demand of passenger cars in regions like Asia-Pacific, Middle-East and Africa owing to expanding population should drive industry growth.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. Ac Delco Inc.
2. Affinia Group Inc.
3. Ahlstrom Corporation
4. Clarcor Inc.
5. Cummins Inc.
6. Denso Corporation
7. Donaldson Company Inc.
8. Freudenberg & Co. Kg.
9. Hengst SE & Co. KG
10. Hollingsworth & Vose Co. Inc.
11. K&N Engineering Inc.
12. Lydall Inc.
13. Mahle GmbH
14. Mann+Hummel
15. Neenah Paper Inc.
16. Parker Hannifin Corp.
17. Robert Bosch GmbH
18. Roki Co., Ltd.
19. Sogefi S.p.A.
20. Toyota Boshoku Corporation
21. Valeo SA
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Automotive Air Filters Market By Product
o Intake
o Cabin
Automotive Air Filters Market By Application
o Passenger car
o Light & heavy commercial vehicles
o Two wheelers
Automotive Air Filters Market By End-Use
o OEM
o Aftermarket
Intake automotive air filters might show a growth rate of over 10% during projected timeframe. They prevent engine contamination from dust and pollutants which may impact its fuel efficiency and performance of engine, thus creating scope for industry growth.
OEM will witness a growth rate of over 8% by 2022 which is dominated by China and India market. Shortage of raw materials like fiberglass, pleated paper and ceramic paper due to its demand in other industries as well might impact pricing of products.
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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Growing health concern awareness among consumers should drive product demand. Favorable awareness programs by CCC and EPA for proper vehicle ventilation & filtration systems should support automotive air filters market growth. Ceramics, PP nonwoven fabric, papers, and fiberglass are major raw materials. Fluctuating raw material prices may result in supply deficit as they are also used for other industrial purposes.
Global automotive air filters market is fragmented, Ahlstrom Corporation, Cummins, Mann+Hummel, and Denso Corporation, Toyota Boshoku, Mahle, Ac Delco, Clarcor, Affinia Group and Valeo remain major players.
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