Automotive Air Filters Market to Grow Rapidly from 2015 to 2020

30/mag/2018 12:17:05 susan hill Contatta l'autore

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Automotive Air Filters Market is forecast to cross over USD 6 billion by the end of 2020. According to Hexa Research, the growing demand of the automotive industry, especially in the BRIC countries, with growth in industrialization and increase in disposable income to remain to key driving factor in the global market. Rising consumer awareness on health problems. CAGR over 8.5% from 2015 to 2020. The global automotive air filters segment was dominated by Cabinet Filters which contributed to over 50% of total market revenue in 2013. These product segments are expected to be the fastest growing product segment.

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Passenger cars for around 51.3% of market revenue globally in 2013. With growing passenger cars, especially in emerging markets of Brazil, India and China, they are likely to drive air filters demand in passenger cars. The demand for automotive air filter is estimated to be 8.3% from 2015 to 2020. In 2013, Aftermarket dominated automotive filter demand contributed 49.1% of market revenue. CAGR of around 8.4% from 2015 to 2020.

In 2013, Major Market participants were accounted for around 50% of market revenue. Lasted few years. The market is about to move towards consolidation in upcoming years. Mahle Industries, Mann + Hummel, Cummins and Affnia.

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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 that help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives.

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