Air Filter For Automotive Market Size To Grow At Highest CAGR From 2019 To 2022 - Donaldson Company, NGK Insulators, Sogefi SpA, Mahle International, C & R Fab Media Private, Melkev Machinery Impex, Global Filters, Simplex

Air filter for automotive Market Share, Size, Trends, And Business Opportunity Analysis Report 2019 include historic data, with forecast data to 2022. Air filter for automotive Industry report is helpful for future strategy development, and to know about Market Drivers, Restraints, Opportunities, And Global market size, share, Growth, Trends, key players forecast to 2022.

As per a detailed analysis by Market Research Future (MRFR), the global air filter for the automotive market is predicted to generate a healthy CAGR during the forecast period (2017-2022). Air filter for automotive can be defined as a device which is made up of fibrous materials. It assists in removing the solid particulates like pollen, dust, bacteria, and others from the air intake of the air conditioners, engines, and other components.

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Market Potential and Pitfalls

The air filter for the automotive market has witnessed a significant spike in its growth, mainly due to the booming automotive sector across the globe. The ever-increasing concerns of the consumers of automobiles regarding air pollution are highly contributing to the growth of the market. With the rising regulations regarding the control of CO2 emissions coupled with the rising health concerns, the air filter for the automotive market is considered to flourish. The demand for air filters in the automotive sector is also triggered by the rising health risk of the passengers, harmful exhaust gases, and rising air pollution. Vehicle owners are highly aware of the health consequences due to the absence of ventilation and filtration systems. This further enables the demand for air filters. Moreover, the increasing demand for high-efficiency particulate air (HEPA) filters is a popular trend in the market, which is likely to create growth opportunities in the foreseeable future.

On the contrary, the surging popularity of electric vehicles across the globe is considered to restrict the growth of the market during the assessment period.

Global Air Filter for Automotive Market: Segmental Analysis

The air filter for the automotive market is segmented on the basis of type, vehicle type, and filter media.

By mode of type, the air filter for the automotive market is segmented into the cabin air filter and intake air filter. Among these, the cabin air filter segment is predicted to gain considerable significance owing to the growing production of vehicles. Manufacturers of the cabin air filter are striving to minimize the cost of cabin air filters as end-users are calling for low and affordable prices of items.

The vehicle type segment comprises passenger car, heavy commercial vehicles (HCV), light commercial vehicle (LCV), and others. Among these, air filters in HCV are gaining prominence owing to the advances in air filtration technology and the increasing need to prevent the unscheduled maintenance of engines. Moreover, the surging demand for high-quality air filters in legacy vehicles are likely to impact the growth of the market positively.

Based on filter media, the air filter for the automotive market is segmented into activated carbon, synthetic, cellulose, and others. The stringent environmental rules by the government and the rapid industrialization across the globe drive are paving the path for activated carbon air filters.

Regional Frontiers

Geographically, the air filter for the automotive market span across Europe, North America, Asia Pacific, and the Rest-of-the-World (RoW).

Considering the global scenario, the European region is presumed to be the largest regional market for automotive air filter due to the steadily booming automobile sector. The increasing number of joint ventures, acquisitions and mergers, and manufacturers focusing on improving the existing products are driving the growth of the market in this region.

North America is considered a hub for automotive sales and production. This has resulted in the growth of automotive air filters market. The huge focus on regular maintenance catering to the strict guidelines is anticipated to propel the market growth in the years to come. With the surging awareness regarding health disorders due to improper ventilation, the air filter for the automotive market is presumed to propel in the coming years.

The Asia Pacific, on the other hand, is expected to flourish at a steady pace due to the presence of large automobile giants like Maruti, Hero, and others. In this region, Japan is considered technologically advanced in the automotive sector and is likely to have a maximum contribution to the growth of the market. The surging need to minimize energy consumption across industrial applications triggers the demand for automotive air filters. Moreover, air filter companies in India are heavily investing in product launches and infrastructure development to maintain its position in the market. For example, India-based Steelbird Auto Components have expanded their manufacturing capacity. The latest facility will help to up the overall production capacity in order to cater to the growing demand by the automotive manufacturers.

Industry Updates

May 19, 2019: A team of scientists from the South Ural State University has recently patented a “know-how for drivers,” which is an oil filter implemented with a signaling device. This smart filter alerts the drivers on time regarding the need to change the oil. This significantly allows prolonging the service life of automotive engines.

Competitive Dashboard

The prominent players operating in the global air filter for automotive market comprises NGK Insulators, Ltd (Japan), Donaldson Company Inc. (Minneapolis), Mahle International GmbH (Germany), Sogefi SpA (Italy), Melkev Machinery Impex (India), C & R Fab Media Private Limited (India), Simplex Corporation (Russia), Global Filters LLC (U.S.), and others.

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This release was published on openPR.