Global Automotive Air Filters Market Trends and Analysis, 2012 to 2020A Chapter by Markets InsightsGrowth in automotive production in emerging markets is expected to have a positive impact on the overall automotive air filters market.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. Browse Details of
Report @ http://www.hexaresearch.com/research-report/global-automotive-air-filters-industry/ 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/research-category/automotive-and-transportation-industry About Us: Hexa Research is a market research and consulting organization, offering
industry reports, custom research and consulting services to a host of key
industries across the globe. We offer comprehensive business intelligence in
the form of industry reports which help our clients obtain clarity about their
business environment and enable them to undertake strategic growth initiatives.
Contact Us: Ryan Shaw Hexa Research Felton Office Plaza 6265 Highway 9 Felton, California 95018 United States Phone: +1-800-489-3075 Email: [email protected] Website - http://www.hexaresearch.com/ Follow us on Linkedin : https://www.linkedin.com/company/hexa-research © 2017 Markets Insights |
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Added on January 13, 2017 Last Updated on January 13, 2017 Tags: automotive air filters market, automotive air filters market si, automotive air filters market sh, automotive air filters market an, automotive air filters market gr AuthorMarkets InsightsFelton, CAAboutAbout Us: Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer c.. more..Writing
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