Automotive Air Filters Market Forecast Shows Revenue Of USD 7 billion By 2022: Growth Analysis, Company Profiles & Trends

Automotive Air Filters Market size should surpass USD 7 billion by 2022; according to a new research report.
Growing health concern awareness among consumers should drive product demand. Favorable awareness programs by CCC and EPA for proper vehicle ventilation & filtration systems should support automotive air filters market growth. Ceramics, PP nonwoven fabric, papers, and fiberglass are major raw materials. Fluctuating raw material prices may result in supply deficit as they are also used for other industrial purposes.
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Growth Drivers
Growth of automotive industry in BRIC nations, Favorable emission norms, Industry pitfalls & challenges, Growth in electric vehicles industry, Volatile raw material prices
Increase in passenger car production along with rise of two wheelers demand mainly in BRICS nations should boost automotive air filters market size. Favorable regulations and rapid industrialization in China, India, Vietnam, and South Korea should drive industry growth.
Cabin automotive air filters should witness highest gains at over 8%. Favorable regulations to control emission along with consumer awareness for care safety should drive industry growth. Strong R&D spending for superior and better products may influence product demand. Manufacturers are taking necessary initiatives to increase product portfolio and create ample opportunities in the industry.
North America, driven by U.S. automotive air filters market size, from passenger car should generate over USD 730 million in business by 2022. Rise in spending capacity for automobile purchase should drive regional product demand.
Asia Pacific may witness gains at over 8.5%. Rapid industrialization along with number of mid-size cars sales with presence of numerous industries should drive regional growth. OEMs may witness significant gains. Presence of unorganized market in China and India may pose threat to the market. Numerous suppliers in the OEM market provide robust solutions ensuring for better business trend.
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Latin America, driven by automotive air filters market size in Brazil, should witness gains at over 8%. Number of service offerings by OEM should drive regional demand. Increasing opportunities for e-mobility, aftermarket segment and connected cars may stimulate industry growth. Two wheelers vehicles demand should grow significantly over the forecast timeframe. Indian two wheeler market is showing an uptrend and thus resulting in high sales and production volume.
Intake automotive air filters should witness robust growth at around 8%. They are used to prevent pollutants entrance via combustion engines which can hamper functioning of cylinders and piston ring system.
Global automotive air filters market is fragmented, Ahlstrom Corporation, Cummins, Mann+Hummel, and Denso Corporation, Toyota Boshoku, Mahle, Ac Delco, Clarcor, Affinia Group and Valeo remain major players.
Automotive Air Filters Market By Product:
Intake, Cabin.
Automotive Air Filters Market, By Application
Passenger car, Light & heavy commercial vehicles, Two wheelers
Automotive Air Filters Market By End-Use
OEM, Aftermarket.
The Above Information Has Been Provided On A Regional And Country Basis For The Following:
North America, Europe, Asia Pacific, Latin America (LATAM), Middle East & Africa (MEA)
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This release was published on openPR.