Sellbyville, DE -- (SBWire) -- 11/05/2018 --Automotive Air Filters Market for OEM will witness a growth rate of over 8% by 2022 which is dominated by China and India market. Shortage of raw materials like fiberglass, pleated paper and ceramic paper due to its demand in other industries as well might impact pricing of products.
Asia-pacific automotive air filter market dominates the global market share and is expected to generate over USD 5 billion by 2022. Increase in sales of vehicles both passenger and commercial will drive regional industry growth.
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Automotive Air Filters Market should surpass USD 7.5 billion by 2022, according to this new research report. Automotive air filters stop dust particles and other harmful particulates from entering the fuel system and engine. It also enhances longevity of vehicles and improves performance of the vehicle.
Global automotive air filter Market should grow at a rapid pace owing to positive outlook towards growing automotive sales. Two-wheelers and passenger cars have witnessed widespread demand in past years and growing at a CAGR of 5% over the years which was over 55 million units in 2015.
Regulations set by different nations for emission control of harmful gases and pollutants released by vehicles like CARB, Euro standards and JMLIT Standards may impact automotive air filter market. Growing health hazard awareness and consequences resulting from absence of proper air filtration from car engines should promote product demand.
Passenger car segment of automotive industry generates the highest revenue accounting to be over 50% in automotive air filter market share. Rising demand of passenger cars in regions like Asia-Pacific, Middle-East and Africa owing to expanding population should drive industry growth.
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Cabin air filter market should generate over USD 4 billion by 2022. Rising pollution levels created by vehicular and industrial emission might reach inside car cabin through ventilation or air conditioning and needs to be checked in order to provide comfort and safety and will pivot automotive air filter market.
Intake automotive air filters might show a growth rate of over 10% during projected timeframe. They prevent engine contamination from dust and pollutants which may impact its fuel efficiency and performance of engine, thus creating scope for industry growth.
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Global air filter market shows moderately consolidated with presence of both big and small scale manufacturers and markets. Some key players in the market includes Mann+Hummel Group, Vokes Group, Parker Hannifan Group and Clarcor Inc.
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Automotive Air Filters Market to Grow at 7% CAGR to 2022: Key Players Are Cummins, Denso, Parker Hannifin, MAHLE
Automotive Air Filters Market for OEM will witness a growth rate of over 8% by 2022 which is dominated by China and India market.