Automotive Air Filters Market to witness phenomenal proceeds over 2021-2022

By Ronak Bora

Latin America automotive air filters market size is estimated to procure gains at over 8%. Rising spending capacity has fueled the purchase of automobiles in North America. Millennials in the region are spending heavily on luxurious and technologically equipped cars. Moreover, increasing focus of OEMs in the region for utilization of advanced vehicle ventilation & filtration system may boost regional product demand.
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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.
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.
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. APAC automotive air filters market is forecast to witness gains at above 8.5% CAGR over the analysis period.
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Partial Chapter of the Table of Content
Chapter 4    Automotive Air Filters Market, By Product
4.1    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    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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