Automotive Air Filter Market Top Trends, Growth Drivers Analysis and In-Depth Research Report, 2024
The global Automotive Air Filter Market research report provides complete insights on industry scope, global trends, regional estimates, key application, competitive landscape and financial performance of prominent players. It also offers ready, data-driven answers to several industry-level questions. This study enables numerous opportunities for the market players to invest in research and development.
Market Overview:
The global Automotive Air Filters Market is projected to reach USD 8.62 billion by 2024. Since 1980s the automotive sector of North America is integrated and accounts for 40% of trade in the region. After 2008 - the recession period the automotive industry has grown significantly owing to linearization of trade and investments.
Key Players:
- Ac Delco Inc.
- Ahlstrom Corporation
- Affinia Group Inc.
- Clarcor Inc.
- Cummins Inc.
- Denso Corporation
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Growth Drivers:
The increasing concern of the green house gases emission which has given rise to many climatic changes, environmental and heath related problems has fetched the government of North America to respond and impose stringent environment regulations on original equipment manufacturers for emissions control and fuel economy.
Considering the cabin air filter market, North America is not far behind Europe. Consumers in American market are health cautious which allows other companies also to grow their business. As the number of vehicles in the region increases the duration for filter replacement decreases which proves to be advantageous for market players to cling on to the opportunity.
Application Outlook (USD Million, 2014 - 2024)
- Passenger car
- Light and heavy commercial vehicle
- Two wheelers
Product Outlook (USD Million, 2014 - 2024)
- Intake
- Cabin
End-use Outlook (USD Million, 2014 - 2024)
- OEM
- Aftermarket
Regional Insights:
The North American automotive air filter market is expected to reach USD 1.6 billion by 2024. High penetration of automotive sales as well as presence of many OEMs in the region has resulted in higher penetration of air filters. Large number of vehicles plying on road combined with consumer awareness pertaining to the periodic maintenance will probably trigger the market growth over the forecast period.The automotive air filter market is expected to grow at CAGR of 7.8 % during 2013-2018. The expected revenue to be generated is 7.15 billion by 2018.
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