Automotive Air Filter Market 2021 Current Trends, Business Opportunity and Outlook- Freudenberg & Co. KG, Mann + Hummel GmbH, Sogefi SpA, and Donaldson Company Inc.

The “Automotive Air Filter Market” report is an in-depth study of the market, along with an analysis of its key segments. The relationship is built through extensive primary and secondary research. In-depth market data is generated through interviews and data collection from industry experts and professionals. The study is a detailed document on key aspects of the markets including trends, segmentation, growth prospects, opportunities, challenges, and competitive analysis.

The automotive air filter market is anticipated to register a CAGR of 6.37% during the forecast period, 2020-2025.

The report is updated with the impact of the currently ongoing COVID-19 pandemic. The pandemic has dynamically affected key market segments and changed the growth pattern and demands in the Automotive Air Filter market. The report covers an in-depth analysis of these changes and provides an accurate estimate of the market growth forecast after the impact of the pandemic.

The report presents the market competitive landscape and a corresponding detailed analysis of the major vendor/key players in the market. Top Companies in the Global Automotive Air Filter Market: Freudenberg & Co. KG, Mann + Hummel GmbH, Sogefi SpA, and Donaldson Company Inc.

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Industry News and Developments:

- Mann + Hummel GmbH announced that its new MANN-FILTER C 24 005 air filters filtering medium is made from recycled synthetic fibers. This air filter achieves maximum filtration, owing to the multi-layer MICROGRADE A-S medium, and it claims to remove at least 99.5% of dirt particles (0.001 - 0.352 millimeter).

- Donaldson Company Inc. opened its air filter manufacturing plant in Jesus Maria, Mexico. The company invested USD 26 million in the plant, and the plant has an output capacity of 20 million filters per year.

Key Market Trends

Decline in Vehicle Sales Hampering the Air Filter Market Growth

According to Eurostat, over 75% of inland cargo transports within the European Union, i.e., about 1,750 billion metric ton-kilometer (tkm), travel by road. In some European countries, this percentage goes as high as 90%, or more.

As a result, the demand for commercial vehicles has been continually increasing in the region, owing to the growing logistics industry and increasing usage of light commercial vehicles, such as vans (for ride-hailing services).

The underlying factor driving the growth of the light commercial vehicle market in Europe is the increased preference for pickup trucks and small vans, over heavy-duty trucks and railways, for logistics.

Thus, the demand for lightweight vehicle components to integrate into light commercial vehicles is expected to grow significantly during the forecast period. This, in turn, is expected to augment the demand for air filters.

Additionally, with e-commerce rapidly growing in Europe, it represents a central pillar for the digital single market and reflects the advancements in the e-tailing sector, which is witnessing the expansion of well-organized retail spaces.

As the e-commerce industry continues to grow across Europe, the demand for more advanced distribution network is increasing.

For a comprehensive understanding of market dynamics, the global Automotive Air Filter market is analyzed across key geographies namely: United States, China, Europe, Japan, South-east Asia, India, and others. Each of these regions is analyzed on basis of market findings across major countries in these regions for a macro-level understanding of the market.

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Influence of the Automotive Air Filter market report:

-Comprehensive assessment of all opportunities and risks in the Automotive Air Filter market.

–Automotive Air Filter market recent innovations and major events.

-Detailed study of business strategies for growth of the Automotive Air Filter market-leading players.

-Conclusive study about the growth plot of Automotive Air Filter market for forthcoming years.

-In-depth understanding of Automotive Air Filter market-particular drivers, constraints, and major micro markets.

-Favourable impression inside vital technological and market latest trends striking the Automotive Air Filter market.

What are the market factors that are explained in the report?

-Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

-Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

-Analytical Tools: The Global Automotive Air Filter Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

The research includes historic data from 2015 to 2021 and forecasts until 2026 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.

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