Car Air Filter Market Value to reach US$ 9,916 Mn by 2022
The global car air filter market is slated to touch a value of nearly US$ 9,916 Mn in the year 2022 and grow at a sluggish CAGR during the assessment period.
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4 Forecast Highlights on Global Car Air Filter Market
As per the forecast of Fact.MR, the intake air filter segment is slated to touch a value of nearly US$ 5,366 Mn in the year 2022. This represents a sluggish CAGR growth during the assessment period of 2017-2022. The intake air filter segment is estimated to account for more than half of the revenue share of the product type segment by the year 2017 end and is expected to gain in market share by the year 2022 end.
As per the forecast of Fact.MR, the OES car air filter segment will reach a value of nearly US$ 2,564 Mn in the year 2017. This represents a sluggish CAGR growth during the forecast period. The OES car air filter segment is estimated to account for more than one-fourth of the revenue share of the sales channel segment in the year 2017 end and is expected to lose market share by the end of the year 2022.
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As per the forecast of Fact.MR, the compact passenger cars segment is slated to reach a value of nearly US$ 2,479 Mn in 2022. The compact passenger cars segment is expected to gain some market value by the end of the year 2022. The largest share is contributed by the Europe region in the compact passenger cars segment.
Fact.MR forecasts that the cellulose car air filter segment will exhibit a CAGR of 3% from 2017 to 2022. Cellulose car air filter segment is estimated to account for nearly one-third of the revenue share of the filter media segment by 2017 end and is expected to gain some market share by the end of the year 2022.
The report has also profiled leading players in the global market for car air filter, which will remain active through 2022. These include companies such as General Motors, UFI Filters Spa, Freudenberg & Co. KG, Alco Filters Ltd., Hollingsworth & Vose Company, Denso Corporation, MAHLE GmbH, Donaldson Company, Inc. and Champion Laboratories, Inc.,
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