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Automotive Air Filters Market is Likely to Cross Over USD 6 Billion Till 2020 - Hexa Research
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http://www.hexaresearch.com/research-report/global-automotive-air-filters-industry/
Largest application for automotive air filters market was Passengers cars which contributed for around 51.3% of market revenue globally in 2013.With growing passenger’s cars ownerships especially in emerging markets of Brazil, India and China are likely to drive air filter demand in passenger cars. The demand for Automotive air filter is estimated to grow for two wheelers with CAGR for around 8.3% from 2015 to 2020.In 2013, Aftermarket dominated automotive filter demand contributing for total 49.1% of market revenue. Major regional market for Automotive Air filters were Asia Pacific, estimated to grow at the CAGR of around 8.4% from 2015 to 2020.
In 2013, Major Market participants were accounted for around 50% of market revenue. The market had experienced acquisitions and mergers in last few years. The market is about to move towards consolidation in upcoming years. Few leading participants operating in market are Mahle Industries, Mann + Hummel, Cummins and Affnia.
Browse Related Category Market Reports @
https://www.hexaresearch.com/research-category/automotive-and-transportation-industry
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Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives.
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