Light Vehicle (LV) Cabin AC Filters Market: Is key of Future Industry Opportunities and Manufacturers Growth

Cabin AC filter is an integral part of the HVAC system that avoids the entry of airborne pollen, dust, and other allergic materials that can result in an unpleasant environment and can cause harm to individuals. It also maintains the quality of air inside the cabin of the vehicle. There are different types of filers namely particle filters, combined filters, anti-allergen filters, etc. On the basis of technology, the market is segregated into particle filter, combined filter, anti-allergen filter, and a very high-efficiency filter. Furthermore, on the basis of the sales channel, the market is divide into the original equipment manufacturers, original equipment suppliers, and the independent aftermarkets. On the basis of region, the market is divided into North America, Europe, Latin America, Asia Pacific, and Middle East & Africa.

Globally, automotive sales are booming following the global shutdown. According to Organisation Internationale des Constructeurs d'Automobiles (OICA), automobile production is growing at a rate of around 4% annually since 2010. Global automobile production stood at 79 million units in 2011, comprising of both passenger and commercial vehicles, growing steadily to 90 million units in 2015. Constantly increasing demand for vehicles has compelled automakers to improve production output thereby boosting the production of cabin AC filters. According to Coherent Market Insights’ analysis, in 2015, Production of light vehicles in North America increased by 2.1%, which corresponds to an increase in OEM sale of cabin air filters by 1.6%. Hence such factors are expected to drive the market growth in the near future.

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What is the primary factor contributing to growth of the global Light Vehicle (LV) Cabin AC Filters market?
Stable rise in vehicle production worldwide is expected to drive growth of the global light vehicle (LV) cabin AC filters market during the forecast period.

Who are the key players operating in the global Light Vehicle (LV) Cabin AC Filters market?
Key players operating in the global Light Vehicle (LV) Cabin AC Filters market are Robert Bosch GmbH, Donaldson Company, Inc., MAHLE GmbH, Valeo SA, Denso Corporation, Sogefi SpA, ALCO Filters Ltd., ACDelco, Ahlstrom Corporation, Mann+Hummel GmbH, Freudenberg & Co. KG, K&N Engineering, Inc., Airmatic Filterbau GmbH, Hengst SE & Co. KG, and EuroGIELLE S.r.l.

Which sub-segment among Technology held the largest market share in the global Light Vehicle (LV) Cabin AC Filters market?
Particle Filter sub-segment holds the largest market share among Technology segment contributing 43.8% market share in terms of value in 2019.

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