Global Automotive Air Filters Market Insights, 2012 To 2020

Hexa Research
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Automotive Air Filters Market Share, Size, Analysis, Growth,
Trends and Forecasts, 2012 to 2020 | Hexa Research
Automotive air filters market is likely to cross over USD 6 billion by the end of
2020.According to the new research report by Hexa Research, The growing demand of
automotive industry, especially in nations like BRIC, with growth in industrialization and
increase in disposable income to remain a key driving factor in the global market. Rising
consumer awareness regarding health disorders that are caused due to contaminated air
the car cabin is also estimated to have a positive influence on industry. Global automotive
air filters segment was dominated by Cabin filters which contributed for over 50% of total
market revenue in 2013.These product segment are expected to be the fastest growing
product segment at an approximate CAGR over 8.5% from 2015 to 2020.Consumers’s focus
towards the reducing the bad odor and reducing the health disorders caused by air
pollutants inside the vehicles is estimated to increase demand for cabin filters over the
forecast period.
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Hexa Research
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forecasts to help you make better decisions for a stronger future
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Largest application for automotive air filters market was Passengers cars which contributed
for around 51.3% of market revenue globally in 2013.With growing passenger’s cars
ownerships especially in emerging markets of Brazil, India and China are likely to drive air
filter demand in passenger cars. The demand for Automotive air filter is estimated to grow
for two wheelers with CAGR for around 8.3% from 2015 to 2020.In 2013, Aftermarket
dominated automotive filter demand contributing for total 49.1% of market revenue.
Major regional market for Automotive Air filters were Asia Pacific, estimated to grow at
the CAGR of around 8.4% from 2015 to 2020.
In 2013, Major Market participants were accounted for around 50% of market revenue.
The market had experienced acquisitions and mergers in last few years. The market is
about to move towards consolidation in upcoming years. Few leading participants
operating in market are Mahle Industries, Mann + Hummel, Cummins and Affnia.
Browse Related Category Market Reports @ https://www.hexaresearch.com/researchcategory/automotive-and-transportation-industry
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Contact: +1-800-489-3075
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Increasing disposable income along with growing industrialization is expected to act favorable for the global automotive air filters market.