12th
December 2018 - Global
Air filter market is anticipated to grow at a significant CAGR in the upcoming
period as the scope, product types, and its applications are increasing across
the globe. Air filter helps in reducing air pollution. In addition, it helps in
passing organic air to engine for effective performance helping in a good
mileage. As such, air filter lets uncontaminated & clean air enter the
engine. Air filters also remove unpleasant odor and eliminate harmful exhaust
fumes.
The factors that propel the growth of the market include rising
automobile production, strict emission norms, rising health concerns, and
increasing demand for cabin comfort systems. On the other hand, there are
factors that may hamper the growth of the market including reluctance to
replace air filters and long service intervals affecting aftermarket.
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The market may be explored by product type, application, end users and
geography. The market may be explored by product type as Cabin, and Intake. The
“Cabin Filter” segment led the Air Filter Market in 2015 and is anticipated to
maintain its dominance over the forecast period.
The key applications that could be explored in the Air Filter Market
include two wheelers, Light and heavy commercial vehicle, and Passenger car.
The “Passenger cars” segment led the Air Filter Market in 2015 and is
anticipated to maintain its dominance over the forecast period. The factors
that could be attributed to the growth include increasing trade activities of
materials and goods via road transportation and rising mid-size cars growth
mainly in developing markets of India and China.
The Air Filter Market could be explored based on end user as Aftermarket
and OEM. The “Aftermarket” segment led the Air Filter Market in 2015 and is anticipated
to maintain its dominance over the forecast period. The factors that could be
attributed to the growth include strict regulations and increasing
environmental consciousness among consumers concerning automotive pollution are
anticipated to benefit the aftermarket for air filters.
Asia-Pacific accounted for the major share of the Air Filter Market Size
in 2015 and will continue to lead in the forecast period. The factors that
could be attributed to the growth include rising automobile production in
China, India, Indonesia and Thailand, and surge in demand for two-wheelers.
Asia-Pacific is followed by North American region.
Some of the key players that fuel the growth of the Air Filter Market
comprise Affinia Group Inc., Ac Delco Inc., Hollingsworth & Vose Co. Inc.,
Denso Corporation, Roki Co. Ltd, Mann Hummel, Donaldson Company Inc., Robert
Bosch GmbH, K&N Engineering Inc., Ahlstrom Corporation, Neenah Paper Inc.,
SogefiS.p.A, Clarcor Inc., Freudenberg & Co. Kg, Parker Hannifin Corp.,
Lydall Inc., Cummins Inc., Valeo S.A., Toyota Boshoku Corporation, Mahle GmbH,
and Hengst GMBH & Co. Kg. The leading companies are taking up partnerships,
mergers and acquisitions, and joint ventures in order to boost the inorganic
growth of the industry.
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