Automotive Air Filters Market Is Projected To Be Around $8.02 Billion By 2022
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A research study titled, “Automotive Air Filters Market by Product, Application and End User - Global Industry Analysis and Forecast to 2022” published by Crystal Market Research, states that the Automotive Air Filters Market Is Projected To Be Around $8.02 Billion By 2022.
The Automotive Air Filters Market was worth USD 3.35 billion in the year of 2012 and is expected to reach approximately USD 8.02 billion by 2022, while registering itself at a compound annual growth rate (CAGR) of 8.16% during the forecast period. A particulate air filter is a gadget made out of fibrous materials which expel strong particulates, for example, pollen, bacteria, mould, and dust from the air. Filters that consists of a catalyst or absorbent, for example, charcoal (carbon) may likewise evacuate foul smells and vaporous contaminations, for example, ozone or volatile organic compounds (VOC). Air filters are utilized as a part of applications where air quality is essential, strikingly in building ventilation frameworks as well as in engines. A few structures, and in addition aircraft and other human-made situations (e.g., satellites and space transports) utilize foam, spun fiberglass filter, or pleated paper. Another technique, air ionizers, utilizes fibers or components with a static electric charge, which pull in particles of dust. The air admissions of inside ignition motors and air compressors tend to utilize either cotton filters, paper, or foam. Oil bath filters have dropped out of support. The innovation of air admission filters of gas turbines has enhanced essentially as of late, because of changes in the aerodynamics and fluid dynamics of the air-compressor part of the gas turbines.
The worldwide automotive air filters market is foreseen to encounter substantial development due to rising vehicle manufacturing. Favorable regulations and ascend in the manufacturing of automobile are anticipated to boost the development. Various perspectives, for example, rapid industrialization and urbanization in the nations, for example, Indonesia, Malaysia, South Korea, China, India and Vietnam is projected to have a positive effect on the overall market development. Expanding Research and development activities to create outstanding quality products are foreseen to affect the market development positively.
On the basis of product the market is segmented into Intake and cabin. On the basis of application the market is segmented into Two wheelers, Light & heavy commercial vehicles and Passenger cars. On the basis of end user the market is segmented into OEM and aftermarket. The major players in the market are Hollingsworth & Vose, Toyota Boshoku Corporation, Parker Hannifin Corp, Robert Bosch GmbH, K&N Engineering, MAHLE GmbH, Neenah Paper Inc, Ahlstrom Corporation, Mann+Hummel and Hengst GMBH & Co. Geographically, the market is segmented into Europe, North America, Asia Pacific and Rest of the world.
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Key findings of the Automotive Air Filters market
- In 2015 Cabin filter rose as the main item portion and represented 51.6 percent of aggregate market income. Cabin filter are evaluated to develop at a quick pace in the following years. The development can be credited because of positive discharge control regulation and consumer concern towards safe auto condition.
- Passenger car application portion ruled the automotive air filters requirement and represented more than half of the aggregate market in 2015. Expanding requirement in automobile sector combined with quick automobile production is anticipated to profit the general filters requirement in automotive.
- In 2015, Aftermarket section in end-use had the most noteworthy infiltration in the automotive air filters market with more than 70 percent of the aggregate market. This pattern is relied upon to proceed throughout the following years. Rising discretionary cash-flow crosswise over developing countries is assessed to support the market development.
- In 2015 Asia Pacific was the biggest regional market and represented for more than 45 percent of the total market share. Growing manufacturing of automobiles in countries like Indonesia, China, Thailand and India are anticipated to spur the regional market over the estimate time frame.