Progressing at a CAGR of 6.40% between 2017 and 2022, the Engine Air Filter market’s valuation is likely to increase to US$652.4 mn by the end of 2022.
Albany, NY -- (SBWIRE) -- 12/06/2017 -- The engine of any vehicle has a lot of enemies. Also, the modern combustion engine needs a free flow of air to operate properly. This free flow of air is being feed to the engine for the combustion process to happen. To overcome this, air filters are installed on all modern combustion engines. According to a latest research report, the significant rise in the automotive industry is the key factor which is flourishing the global engine air filter market. Market Research Hub (MRH) has freshly broadcasted this forecast study to its online massive repository, which is titled as "Engine Air Filter Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast". The report presents a comprehensive assessment of the worldwide market for engine air filters on several important parameters. Moreover, the primary regions are analyzed with the purpose of evaluating the impact of the different factors mentioned in the research report.
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Air filters are important for any moving vehicle that has engine and they make a huge impact on the performance of the engines. In the present time, the augmenting demand for automobiles, particularly cars, coupled with the increasing concerns of alarming rise in air pollution, is reflecting positively on the uptake of engine air filters across the world. Consumers are becoming aware of the import of air filters in eliminating atmosphere dirt and purifying air, which is likely to propel the market for air filter in the near future. As per the key findings, by 2017 end, the global engine air filter market is expected to present an opportunity of US$479.5 mn. Progressing at a CAGR of 6.40% between 2017 and 2022, the market's valuation is likely to surge to US$652.4 mn by the end of 2022.
Factors Fuelling Global Market Growth
The market overview section of the report also comprises qualitative analysis of the overall engine air filters market considering the factors determining the market dynamics such as drivers, restraints and opportunities, along with Porter's five force analysis. Some of the prime factors mentioned in the study include-
- With the rising concerns over the environmental pollution caused by the smoke emitted by automobiles, vehicle manufacturers are compelled to include engine air filters in their machines. This, consequently is reflecting greatly on the sales of engine air filters, worldwide.
Engine air filters find extensive application in commercial vehicles and this trend is likely to continue over the next few years.
- In terms of geography, Asia Pacific excluding Japan (APEJ), Europe, the Middle East and Africa, Latin America, North America, and Japan are the primary regional markets for engine air filters across the world. Of these, with the presence of several automotive giants, such as TATA, Maruti, and Hero Motocorp., the Asia Pacific excluding Japan region has been leading the global market.
- At present, the demand for paper/cellulose filters is relatively greater across the world than other media filters available in this market.
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In the later part, the report contains details about the competitive landscape of the market. This competitive landscape offers a dashboard view of the key companies along with market share and company profiles. Sogefi SpA, Donaldson Co. Inc., Mahle International GmbH, UFI Filters Spa, MANN+HUMMEL, Cummins Inc., Parker Hannifin Corp., K & N Engineering Inc., Denso Corp., and Robert Bosch are some of the leading participants in this market, mentioned in this research study.
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