Press release
Light Vehicle (LV) Cabin AC Filters Market Size, Share 2024: Present Scenario and Growth Prospects
Light Vehicle (LV) Cabin AC Filters Market
The global LV cabin AC filters market is anticipated to reach a market revenue of US$ 4.65 Bn by 2024 end. This represents an incremental opportunity of US$ 1,523.5 Mn between 2020 and 2024.
The report on Light Vehicle (LV) Cabin AC Filters Market provided based on the recent developments and data that has been collated from the previous year's looks to provide a thorough understanding. The market overview provided in the initial section looks to provide the reader with adequate information regarding the product and services. It focuses on the market definition along with the product applications and end-user industries. The report covers a period spanning from 2020 to 2024. Competitive analysis and prominent industry trends have been included in the in-depth study provided in the main section of the report.
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Global LV Cabin AC Filters Market: Competitive Landscape
Some of the companies profiled in the global are
Robert Bosch GmbH
MAHLE GmbH
Denso Corporation
Sogefi SpA
Valeo SA
Donaldson Company, Inc.
ACDelco
Mann+Hummel GmbH
K&N Engineering, Inc.
Hengst SE & Co. KG
ALCO Filters Ltd.
EuroGIELLE S.r.l.
Airmatic Filterbau GmbH
Freudenberg & Co. KG
Ahlstrom Corporation
Others.
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Global LV Cabin AC Filters Market: Dynamics
Cabin AC filters are the integral part automobiles. With steady rise in light vehicle production, demand for cabin AC filters is expected to increase. Rising demand for automotive cabin AC filters to filter out pollutants and bacteria and provide clean air inside the cabin of the vehicle is anticipated to drive the demand for cabin AC filters. Being an important component of automobile HVAC systems is another factor likely to boost the demand and subsequently growth of cabin AC filters in the global market.
Global LV Cabin AC Filters Market: Forecast
On the basis of technology type, the particle filters segment is expected to retain its dominance in the global LV cabin AC filters market followed by the very high efficiency filters segment. By sales channel, the independent aftermarket is set to lead the global LV cabin AC filters market, owing to a strong presence of the automobile aftermarket in different geographies.
In terms of region, the APAC LV cabin AC filters market is expected to remain dominant over the forecast period. APAC is estimated to hold over 62.8% share in terms of absolute $ opportunity in the global LV cabin AC filters market over the forecast period. Sales of cabin AC filters in the APAC regional market is expected to witness 1.9X growth by the end of 2024 as compared to that in 2016. Growth of the LV cabin AC filters market in the APAC region is attributed to a steady rise in vehicle production in the region and a subsequent rise in the adoption of automotive cabin AC filters. Europe, followed by North America is expected to be the next attractive region after APAC, in terms of CAGR and market share index in the global LV cabin AC filters market.
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Key Questions Answered in This Report.
What will the Market growth rate in Future?
What are the key factors driving the global Market?
Who are the key manufacturers in Market space?
What are the opportunities and threats faced by the vendors in the global industry?
What are sales, revenue, and price analysis by regions of industry?
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