Press release
Global Automotive Cabin AC Filter Market to Reach Value of US$ 3,738.2 Million by 2024
Automotive Cabin AC Filter Market
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Market dynamics
Demand for automotive cabin AC filters is expected to increase at a significant rate due to steady rise in vehicle production around the globe. Rising adoption of automotive cabin AC filters to filter pollutants and dust particles and a rising demand for efficient HVAC systems are major factors expected to drive the demand for automotive cabin AC filters worldwide. Cabin AC filters are an integral part of the HVAC system in vehicles. However, many vehicle owners are not aware that this system exists in a vehicle, and hence they are unaware about the replacement cycle of the cabin AC filter. This factor is expected to marginally restrain the growth of the automotive cabin AC filter market over the forecast period.
Market highlights
The global automotive cabin AC filter market is segmented on the basis of filter type (electrostatic, particulate, charcoal), vehicle type (passenger cars, LCV, HCV), and sales channel (OEM, aftermarket). Persistence Market Research projections indicate that the particulate filter type segment is likely to expand at a significant CAGR of 6.2% in terms of value over the forecast period. The electrostatic filter type segment is expected to register a volume CAGR of 7.1% over the forecast period. “The electrostatic segment is likely to exhibit steady growth in the near future due to the rising adoption of cabin AC air filters in the OEM and aftermarket categories in countries such as China, India, Brazil, and countries of MEA.” --- Analyst, Persistence Market Research.
The passenger car vehicle type segment is estimated to account for the largest market share of 76.3% by the end of 2016. This segment estimated to be valued at US$ 1,677.0 Mn by 2016 end and is expected to reach US$ 2,913.6 Mn by the end of 2024, expanding at a CAGR of 7.1% over the forecast period. The segment is expected to grow 1.7X in terms of value between 2016 and 2024.
The OEM sales channel segment is expected to expand at a CAGR of 5.6% over the forecast period while the aftermarket sales channel segment is expected to be the most attractive segment in terms of CAGR and market share index throughout the forecast period.
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Among regions, the market in Asia Pacific is expected to witness a relatively high CAGR of 10.5% in terms of value over the forecast period. North America and Europe are expected to contribute significant value share to the global automotive cabin AC filter market throughout the forecast period. The market for cabin AC filters is mature in Europe and North America as almost all the passenger cars are equipped with cabin AC filters.
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Vendor details
The report profiles some of the leading market players in the global automotive cabin AC filter market – Mann+Hummel GmbH, Sogefi SpA, Donaldson Company, Inc., Robert Bosch GmbH, Denso Corporation, Ahlstrom Corporation, MAHLE GmbH, Freudenberg & Co. KG, Hengst SE & Co. KG, ALCO Filters Ltd., K&N Engineering, Inc., EuroGIELLE S.r.l, ACDelco, and Airmatic Filterbau GmbH.
About Us
Persistence Market Research (PMR) is a U.S.-based full-service market intelligence firm specializing in syndicated research, custom research, and consulting services. PMR boasts market research expertise across the Healthcare, Chemicals and Materials, Technology and Media, Energy and Mining, Food and Beverages, Semiconductor and Electronics, Consumer Goods, and Shipping and Transportation industries. The company draws from its multi-disciplinary capabilities and high-pedigree team of analysts to share data that precisely corresponds to clients business needs.
PMR stands committed to bringing more accuracy and speed to clients business decisions. From ready-to-purchase market research reports to customized research solutions, PMRs engagement models are highly flexible without compromising on its deep-seated research values.
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