Research and Markets: Global Automotive Air Filters Market Projected to Grow at a CAGR Of 6.87% from 2015 To 2020, New Report Says
August 26, 2015 | By Business Wire News
DUBLIN
Research and Markets (http://www.researchandmarkets.com/research/sr99jq/air_filters) has announced the addition of the “Air Filters Market by Type (Intake & Cabin), Filter Media (Intake-Cellulose & Synthetic, Cabin-Particle & Activated Carbon), Vehicle Type (Passenger Car, LCV, HCV, & Off- Highway), Market (OE & Aftermarket), & by Region – Global Forecast to 2020” report to their offering.
The global automotive air filters market is projected to reach USD 873.9 Million by 2020. Asia-Oceania is estimated to hold the largest market share in 2015, followed by Europe and North America. The rising demand for air-conditioned vehicles has accelerated the demand for cabin air filters. The global cabin air filters market is projected to grow at a CAGR of 6.98% from 2015 to 2020.
The intake air filter is a vital vehicle component that is essential for the efficient working of an engine. Poor intake air filter performance could increase tailpipe emissions. Cabin air filters prevent airborne contaminants from entering the passenger compartment. This filter ensures a hygienic and clean environment inside the vehicle cabin. The market for automotive air filters is mainly driven by growing vehicle production across the globe. As automotive air filters are replaceable components, they have substantial commercial potential in the aftermarket as well.
Automotive air filters have a strong presence in the off-highway vehicles market. Majority of agricultural tractors and construction equipment are equipped with cabin air filters. This trend is prevalent in technologically advanced regions such as Europe and North America. Cabin filters are estimated to account for the largest market share in Europe and North America in both, the OE market and aftermarket. Asia-Oceania is estimated to lead the intake air filters market. Cabin air filters are also projected to grow at a promising rate in this region in the near future.
Key Topics Covered
- Introduction
- Research Methodology
- Executive Summary
- Premium Insights
- Market Overview
- Automotive Air Filters Market, By Filter Media
- Off-Highway Vehicle Air Filters Market
- Automotive Air Filters Aftermarket
- Automotive Oe Air Filters Market, By Region
- Competitive Landscape
- Company Profiles
- Appendix
Companies Mentioned
– Acdelco
– Affinia
– Ahlstrom
– Cummins
– Denso
– Donaldson
– Hengst Se & Co.
– Mahle
– Mann+Hummel
– Sogefi
For more information visithttp://www.researchandmarkets.com/research/sr99jq/air_filters
View source version on businesswire.com: http://www.businesswire.com/news/home/20150826005749/en/
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Sector: Transport and Shipping, Automotive
