Press release
Demand for Automotive Filter Market To be Fuelled by Rapid Shift in Consumer Perception and Increasing Awareness : Fact.MR
Historical data suggests that the market expanded at over 3% from 2016-2020. The market closed in at a value of US$ 16.7 Bn. Growth prospects remained contracted amid a general slowdown in the automotive industry as well the recessionary impact induced by COVID-19. A decline surpassing 5% was registered in global auto production according to International Association of Motor Vehicle Manufacturers.
For critical insights on this market, request for More Info - https://www.factmr.com/connectus/sample?flag=S&rep_id=33
Fortunately, by 2025, the automotive filters market is expected to reach nearly US$ 24 Bn in value, as prospects across the automotive sector eventually improve. Manufacturers are further leveraging the ever tightening noose on environmental regulations, with governments mandating installation of emission regulation apparatuses across commercial and personal vehicles respectively.
Key Segments Covered
Product Type
Automotive Fuel Filter
Automotive Oil Filter
Automotive Intake Air Filter
Automotive Cabin Air Filter
Filter Media
Synthetic Automotive Air Filter
Cellulose Automotive Air Filter
Vehicle Type
Automotive Filters for Passenger Cars
Automotive Filters for LCV
Automotive Filters for HCV
Automotive Filters for Off-Road Vehicles
Automotive Filters for Lawn Mowers
Sales Channel
Automotive Sales through OEMs
Automotive Sales through OESs
Automotive Sales through IAMs
Request more information about Report Methodology - https://www.factmr.com/connectus/sample?flag=RM&rep_id=33
Key Takeaways from the Market Study
Cabin air filters to register highest growth, recording a CAGR of 4.8% through 2031, capturing 60% revenue
By vehicle type, automotive filters for passenger cars to surpass a CAGR of 5% until 2031
Synthetic automotive filters to exceed revenues worth US$ 10 Bn by 2022, by filter media
By sales channel, IAMs to account for bulk of automotive filter sales, surpassing US$ 10 Bn in revenue by 2022
U.S emerged as a highly opportunistic market in 2020, accounting for 30% of global market share
From 2021 to 2031, China to remain most lucrative market, capturing 3/5th of global demand
Competitive Landscape
Prominent players are embracing innovative approaches such as ground-breaking marketing tactics, technological advancements, mergers, and acquisitions.
In April 2021, A prominent player, MANN+HUMMEL started using Nanofiber technology in-cabin air filters for Automotive applications reducing the number of pollutants that vehicle occupants breathe and thus improving the air quality in the vehicle cabin.
Similarly, Cummins Filtration has refined its Fleet guard LF14000NN combination lube filter for its newer engine platforms including Cummins X15 engines. Depending on the quality of oil used, the LF14000NN is capable of longer service intervals which can help fleets lower their operating costs on replacement filters throughout an engine's life.
For in-depth competitive analysis, Now - https://www.factmr.com/checkout/33
US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
Email : sales@factmr.com
Website : https://www.factmr.com
Market research and consulting agency with a difference! That's why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range - from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analysed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we'll be an able research partner.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Demand for Automotive Filter Market To be Fuelled by Rapid Shift in Consumer Perception and Increasing Awareness : Fact.MR here
News-ID: 2771770 • Views: …
More Releases from Fact Mr
Global Feed Grain Market Gains Traction With $69.9 Billion Valuation Forecast by …
The global feed grain market is a crucial pillar of the agricultural and animal husbandry sectors. Feed grains, such as corn, wheat, barley, oats, sorghum, and rye, form the foundation of livestock diets, fueling growth and productivity across poultry, cattle, swine, and aquaculture industries. With the growing global demand for meat, dairy, and animal-derived products, feed grains play an essential role in sustaining the supply chain. As the population increases…
Edible Food Perfumes Market Set to Flourish Amid Rising Culinary Innovations Glo …
The global edible food perfumes market is undergoing a transformative shift, as the intersection of sensory indulgence and culinary innovation fuels demand for novel food experiences. Edible food perfumes-aromatic sprays or essences applied directly to food or used during preparation-are quickly emerging as a premium trend in the global food and beverage industry. Designed to enhance flavor perception through olfactory stimulation, these fragrances offer consumers a multisensory experience that elevates…
Global Alginate Market Gains Traction Amid Rising Demand Across Key Applications
The global alginate market is steadily gaining momentum, driven by the diverse applications of this natural polysaccharide in industries ranging from food and beverage to pharmaceuticals and textiles. Derived from brown seaweed, alginate has found increasing relevance due to its unique thickening, gelling, and stabilizing properties. As consumer preference shifts towards clean-label, plant-based, and environmentally sustainable ingredients, the demand for alginate is rising across the globe. The market is poised…
Global Food-Grade Molds Market Poised for Expansion With 3.2% CAGR Over the Next …
The food industry is undergoing a remarkable transformation, driven by innovations in manufacturing technologies and increasing demand for quality, safety, and consistency. Among the many unsung heroes facilitating this evolution are food grade molds-essential tools that play a pivotal role in shaping, forming, and maintaining hygiene standards during food production. The global food grade molds market is witnessing significant expansion, fueled by advancements in food processing, increasing demand for customized…
More Releases for Automotive
Automotive Grommet Market set for explosive growth: Cooper Standard Automotive, …
According to HTF MI, "Global Automotive Grommet Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2030". The Global Automotive Grommet Market is anticipated to grow at a compound annual growth rate (CAGR) of 5.96% from 2024 to 2030, reaching USD 100 Billion in 2024 and USD 150 Billion by 2030.
Automotive grommets are protective rings or eyelets made from rubber or plastic, used to protect or cover holes in metal…
KSA Automotive Market | KSA Automotive Industry | KSA Automotive Industry Resear …
Saudi Arabia’s automotive market faced a decline in new car sales due to tripling of value-added tax (VAT) rates. Effective in July 1, 2020, Saudi Arabia hiked its VAT from 5% to 15%.
Vision 2030 trying to attract foreign investment to kick start Dammam manufacturing city to aid re-exports & fulfill domestic demand
Surge in Domestic Manufacturing to gain independence of Imports: With Vision 2030, KSA is trying to gain impendence of…
Automotive Fuel Injectors Market: Growing Automotive Sales Fueling Automotive Fu …
Automotive fuel injectors market is likely to grow at a steady pace in the long run, according to a new report by Fact.MR. The demand for automotive fuel injectors continues to remain influenced with a multitude of industry-specific and macroeconomic factors. Significant growth in the automotive sector, coupled with increasing vehicle fleet remain instrumental in driving the demand for automotive fuel injectors worldwide. Fact.MR estimates that the sales of automotive fuel injectors are expected…
Global Automotive Safety Market 2019 Worldwide Outlook By Autoliv, Delphi Automo …
Automotive safety systems are designed to comply with the standards and regulations prescribed by government agencies and transport authorities worldwide. Passive safety systems are designed to protect passengers, drivers, and pedestrians during an accident.
In terms of region, the global Automotive Passive Safety Systems market can be segmented into North America, Europe, Asia Pacific, and Middle East & Africa. Asia Pacific is likely to hold a prominent share of the global…
Global Oil Pump for Automotive Market 2018 Analysis -Bosch,Denso,Aisin Seiki,Del …
According to this study, over the next five years the Oil Pump for Automotive market will register a xx% CAGR in terms of revenue, the global market size will reach US$ xx million by 2023, from US$ xx million in 2017. In particular, this report presents the global market share (sales and revenue) of key companies in Oil Pump for Automotive business.
Get Sample Copy of this Report for more Information…
Global Automotive Body Welded Assembly Market 2018 - Daesan, Baylis Automotive, …
Accord Market, recently published a detailed market research study focused on the “Automotive Body Welded Assembly Market” across the global, regional and country level. The report provides 360° analysis of “Automotive Body Welded Assembly Market” from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global PP Pipe industry, and estimates the future trend of…
