Automotive Air Filters Market Revenue To Sore Rapidly With $5.4 Billion By 2025 | Grand View Research, Inc.

March 18 07:03 2021
Automotive Air Filters Market Revenue To Sore Rapidly With $5.4 Billion By 2025 | Grand View Research, Inc.

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According to a recent report published by Grand View Research Inc., growing demand for fuel-based automotive coupled with stringent regulations by the government is likely to surge the growth for automotive air filters market in the coming years. Moreover, the demand for High Efficiency Particulate Air (HEPA) standard cabin air filter is anticipated to rise basis the spread of Covid-19.

The global automotive air filters market size is expected to reach at USD 5.4 billion by 2025 expanding at a CAGR of 4.8%. The automotive industry is undergoing a huge production spike owing to the innovation in passenger car and sports car segment. The rise in disposable income of consumers stimulates consumer’s choice for car interior. Also, the emergence of new players in the automotive industry and growing presence of vendors is encouraging consumers to look for better choice on spare parts. Growing competition among established players is one of the crucial factors for the market growth.

Rise in car sales in the past few years encouraged the market development leading to expansion in consumer base and revenue. Established players are now looking to explore potential opportunities in emerging markets in Asia Pacific. For instance, Audi, Bentley, Porsche and BMW are now venturing with increased capacities in the Indian markets. Consumer buying behaviour is identified as one of the factors attracting these companies towards India. 

Automotive Air Filters Market Report Suggest:

 Cabin filters accounted for a market share of 49.5% in 2018 based on their popularity and usage.  The demand for cabin filters is expected to triple in the coming years

The passenger car application segment dominated the automotive air filters market is estimated to reach USD 2.9 billion by 2025, due to surging demand for the air filters as automotive production is on a rising steadily across the globe

The aftermarket end-use segment is projected to register notable gains and reach a revenue of USD 4.1 billion by 2025 driven by the replacement of cabin and intake filters on a regular basis as recommended by manufacturers

The Asia Pacific region accounted for a market share of 50.9% in 2018 and is projected to reach USD 2.8 billion by 2025 based on high automotive production in developing economies such as China, India, and Thailand

Browse Full Report With TOC @ https://www.grandviewresearch.com/industry-analysis/automotive-air-filters-market

Automotive Air Filters Market Segmentation

Grand View Research has segmented the global automotive air filters market on the basis of product, application, end use, and region:

Automotive Air Filters Product Outlook (Revenue, USD Million, 2014 – 2025)

     Intake Filters
     Cabin Filters

Automotive Air Filters Application Outlook (Revenue, USD Million, 2014 – 2025)

     Passenger Cars
     Commercial Vehicles
     Two Wheelers

Automotive Air Filters End-use Outlook (Revenue, USD Million, 2014 – 2025)

     OEMs
     Aftermarket

Automotive Air Filters Regional Outlook (Revenue, USD Million, 2014 – 2025)

     North America
        • U.S.
        • Canada
        • Mexico
    • Europe
        • Germany
        • U.K.
        • France
        • Italy
        • Spain
     Asia Pacific
        • China
        • Japan
        • India
     Central & South America
        • Brazil
        • Argentina
     Middle East & Africa

List of Key Players of Automotive Air Filters Market

     Mann+ Hummel GmbH
     Clarcor Inc
     K&N Engineering
     Donaldson Company Inc
     Sogefi Group
    • Hengst SE
     Mahle GmbH
     Robert Bosch GmbH
     Alstrom Corporation

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About Grand View Research

Grand View Research is an India & U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services.

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