Automotive Air Filters Market is Forecasted to Reach US$ 5.05 Billion in 2028, Says Stratview Research

The global automotive air filters market is projected to witness a growth rate of 5.35% annually from 2023 to 2028, with an anticipated size of US$ 5.05 billion by 2028, according to an analysis by Stratview Research.

Stratview Research, a global market research firm has launched a report on the global automotive air filters market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.

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Report Highlights:
Market Size in 2028: US$ 5.05 billion
Growth (CAGR): 5.35% during 2023-2028
Forecast Period: 2023-2028
Trend Period: 2017-2021
Base Year: 2022
Number of Segments Covered: 4
Number of Tables & Graphs: 100+

Segment Insights on the Automotive Air Filters Market:

The global Automotive Air Filters market is segmented based on Product type, Application type, End-Use type, and Region.

Based on application type - The market is segmented into passenger cars, light & heavy commercial vehicles, and two-wheelers. Passenger car application is projected to account for the largest share of the market owing to increasing disposable income, growing demand for tourist transport, and increasing awareness regarding health concerns among consumers during the forecast period.

Based on end-use type - The market is segmented as OEM and aftermarket. The OEM automotive air filter market is projected to witness a high growth rate owing to the growing demand for automobiles globally during the forecast period. OEMs usually rely on a dedicated distribution channel on account of the growing demand for premium quality products for vehicles.

To know the most attractive segments, visit:
https://www.stratviewresearch.com/1396/automotive-air-filters-market.html

Which Region Shows the Most Promising Growth Forecast and Opportunity?

The Asia-Pacific market held a significant market share of > 50% in 2022. The market owing to the growing automotive production during the forecast period. Factors such as China, India, and Japan being the growth engines of the region and the presence of major industry players in the region are further expected to drive regional market growth over the forecast period.

North America is estimated to witness a significant growth rate in the market with the U.S., being the growth engine of the region during the forecast period. The presence of a large vehicle owner base coupled with strict government norms for minimizing the level of pollution and decreasing the emission of carbon is further expected to boost regional growth over the forecast period.

Automotive Air Filters Market Drivers:
Some of the key drivers listed in the report are given below.
• The rising global production and sales of automobiles are one of the major factors driving the market for automotive air filters. Air filters in automobiles are continuously in demand as the automotive industry expands.
• Governments and regulatory bodies have implemented strict emission rules and regulations in response to growing concerns about air quality and environmental degradation. Automotive air filters are essential for reducing the number of dangerous pollutants and particulate matter that automobiles produce in the air, improving air quality, and reducing health risks. This step has also fueled the market for automotive air filters.
• The demand for automotive air filters has also been influenced by the drive toward cleaner and more fuel-efficient vehicles. Automotive producers are putting enormous effort into creating cars with better fuel economy and lower emissions.
• The demand for air filters is driven by the increasing average vehicle lifespan. Longer usage of cars demands more frequent maintenance and part replacement, including air filters.

Top Companies in the Automotive Air Filters Market:
Stratview Research has identified the following companies as the top market players.
• Ahlstrom Corporation
• Clarcor Inc.
• Cummins Inc.
• Denso Corporation
• Donaldson Company Inc.
• Hengst SE & Co. KG
• Hollingsworth & Vose Company
• Affinia Group Inc.
• Lydall, Inc.
• The Freudenberg Group.
Note: The above list does not necessarily include all the top players in the market.

What Unique Insights Does This Report Offer?

This report provides comprehensive insights into the Automotive Air Filters Market, answering critical questions like:

• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?

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Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.

It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.

Stratview Research has been helping companies meet their global and regional growth objectives by offering customized research services. These include market assessment, due diligence, opportunity screening, voice of customer analysis, market entry strategies, and more.

This release was published on openPR.