Automotive Air Filters Market Analysis To 2022 - Business Opportunities & Revenue Analysis

By Ronak Bora

Global Automotive air filters market is anticipated to depict a CAGR of 7% through 2022, having recorded a valuation of 4 billion in 2015. By 2022, the Automotive air filters industry is expected to hit a remuneration of 7 billion. Increasing opportunities in the automobile industry across the region, such as e-mobility, connected cars and growth of aftermarket segment is likely to fuel demand for automotive air filters. Vehicle services offered by OEMs across Latin America is also driving product demand.
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APAC automotive air filters market is forecast to witness gains at above 8.5% CAGR over the analysis period. With the presence of numerous developing economies along with rising per capita income in the APAC region, sales of mid-size cars are increasing enormously. Moreover, the presence of OEMs and a huge vehicle manufacturing base in the region is expected to impel regional industry growth.
Continued expansion of the automotive industry along with growing consumer demand for effective filtration systems in vehicles is likely to drive global automotive air filters market growth over 2015-2022.
Automotive air filters are designed to maximize the flow of clean air for enhancing vehicle performance and power. These filters also prevent the entry of pollutants through combustion engines, which can possibly hamper functioning of cylinders and piston ring system in a vehicle.
With rising disposable income in the BRICS (an acronym coined for an association of five major emerging national economies, including Brazil, Russia, India, China & South Africa) nations, demand for two wheelers, as well as four wheelers, is rapidly increasing, which may boost product demand. Moreover, enactment of favorable regulations for vehicles in India, Vietnam, South Korea, and China will also supplement automotive air filters market share. In terms of revenue, automotive air filters industry size is forecast to cross the USD 7 billion mark by 2022.
Growing severity of the problem of air pollution has prompted regulators to impose various restrictions on the automotive industry to curb harmful emissions. Such measures include awareness programs for proper vehicle ventilation & filtration systems launched by EPA (Environmental protection Agency) and CCC (Committee on Climate Change).
Regulations pertaining to vehicular emission is prompting manufacturers in the automotive industry to utilize effective filter systems in cars. Manufacturers are not only spending heavily for the development of superior and better filters but also undertaking necessary initiatives to expand their product portfolio and create ample opportunities for product penetration. The need to comply with regulations has resulted in widespread deployment of cabin air filters, in particular and cabin air filters market is estimated to showcase a notable CAGR of 8% over 2015-2022.
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Partial Chapter of the Table of Content
Chapter 4    Automotive Air Filters Market, By Product
4.1    Automotive air filters market revenue share by product, 2014 & 2022
4.2    Intake
4.2.1    Market estimates and forecast, 2012-2022 (USD Million)
4.2.2    Market estimates and forecast by region, 2012-2022 (USD Million)
4.3    Cabin
4.3.1    Market estimates and forecast, 2012-2022 (USD Million)
4.3.2    Market estimates and forecast by region, 2012-2022 (USD Million)
Chapter 5    Automotive Air Filters Market, By Application
5.1    Market revenue share by application, 2014 & 2022
5.2    Passenger cars
5.2.1    Market estimates and forecast, 2012-2022 (USD Million)
5.2.2    G Market estimates and forecast by region, 2012-2022 (USD Million)
5.3    Light & heavy commercial vehicles
5.3.1    Market estimates and forecast, 2012-2022 (USD Million)
5.3.2    Automotive air filters market estimates and forecast by region, 2012-2022 (USD Million)
5.4    Two Wheelers
5.4.1    Global demand for automotive air filters from two wheelers, 2012-2022 (USD Million)
5.4.2    Global demand for automotive air filters from two wheelers, by region, 2012-2022 (USD Million)
Chapter 6    Automotive Air Filters Market, By End-Use
6.1    Market revenue share by end-use, 2014 & 2022
6.2    OEM
6.2.1    Market estimates and forecast, 2012-2022 (USD Million)
6.2.2    Market estimates and forecast by region, 2012-2022 (USD Million)
6.3    Aftermarket
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About Author

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Technology Magazine and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport....

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