Engine Air Filter Market Share to Record Steady Growth by 2024
Zion Market Research, the market research group announced the analysis report titled 'Engine Air Filter Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024'.
Sarasota, FL -- (SBWire) -- 02/07/2018 --Engine Air Filter Market: Overview
Air filter are the equipments that help to better the mileage and horsepower of the vehicle. Air filters smoothens and maintains the airflow into the engine and emissions. It enables precise ignition of fuel. It is one of the most crucial equipment in the automobile mechanism and also a helpful component to control the emission levels.
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Engine Air Filter Market: Segmentation
The global engine air filter market is comprehensively bifurcated based on type of vehicle, filter type, filter-make types, and sales channel. Starting with the types of filter, it is segmented as gauze filter, paper/cellulose filter, synthetic oil filter, stainless steel mesh filter, gauze filter, and foam filter. The filter type based Air filter is cabin air filter and intake air filter. Further based on the vehicle types, it can be differentiated into premium vehicle, commercial vehicle, compact vehicle, heavy mid-sized vehicle, and luxury vehicle. Moreover, based on the sales channel, the original equipment manufacturers are the one who decide how and where it has to be distributed as per the demand.
Engine Air Filter Market: Growth Factors
The boost to the vehicle sales owing to introduction of latest models by multiple auto manufacturers is boosting the growth of the of air filters market. People looking to enhance their standard of living and reduced rate of interest by financial institutions are some important drivers responsible for the growing number of vehicles on road. The air filters of vehicles are required to change in regular intervals for best performance. Thus demand ratio of the air filters is always high due to maintenance requirement. Air filter are installed in every automotive that produce energy by burning petrol, diesel, or natural gas, this includes every type of vehicle such as two wheeler, three wheeler, four wheeler, and other heavy and commercial vehicles. Moreover, growing awareness among the people regarding the hazards of the emission has also increased the growth of automotive air filter market. Government introducing several emission related regulation is one of the prime factor responsible for the growth of the engine air filter market.
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Engine Air Filter Market: Regional Analysis
Asia Pacific is believed to be dominating region among all the regions, and ranking is established owing to the contribution of top emerging nations of Asia such as China, Japan, and India. The key reason for responsible for the Asia Pacific region turning out to be a hub for auto component manufacturing is foreign investor setting up their facility due to cheap labor and favorable government norms.
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Engine Air Filter Market: Competitive Players
Some of prominent players dominating the global engine air filter market include K&N Engineering, Cummins, Mahle Behr, Donaldson Filtration Solutions, MANN+HUMMEL. While other vendors comprise Denso Corp, UFI Filters Spa, Sogefi SpA, Mahle International GmbH, Donaldson Co. Inc, Clair Filter Systems, Freudenberg Filtration Technologies, and Elofic Industries.
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