North America To Evolve As A Significant Growth Ground For Automotive Air Filters Market 2022
Category: #business  By Rahul Varpe  Date: 2021-03-31
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North America To Evolve As A Significant Growth Ground For Automotive Air Filters Market 2022

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.

Automotive air filters are designed to maximize the flow of clean air for enhancing vehicle performance and power. These filters also prevent the entry of pollutants through combustion engines, which can possibly hamper functioning of cylinders and piston ring system in a vehicle.

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 industry share. In terms of revenue, automotive air filters industry size is forecast to cross the USD 7 billion mark by 2022.

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How will supportive regulatory initiatives impact automotive air filters market?

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.

Which factors are driving Asia Pacific automotive air filters industry?

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.

How will North America automotive air filters market garner considerable revenue in the overall share?

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. Driven by the U.S., North America automotive air filters industry size from passenger car applications is estimated to generate a revenue of more than USD 730 million through 2022.

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How will Latin America emerge as a profitable revenue terrain for automotive air filters market?

Increasing opportunities in the automobile industry across the region, such as e-mobility, connected cars and growth of aftermarket segment is likely to fuel demand for automotive air filters. Vehicle services offered by OEMs across Latin America is also driving product demand. Driven by Brazil, Latin America automotive air filters market size is estimated to procure gains at over 8%.

Table of Contents (ToC) of the report:

 Chapter 1    Methodology & Scope

1.1    Research Methodology

1.1.1    Initial data exploration

1.1.2    Statistical model and forecast

1.1.3    Industry insights and validation

1.1.4    Definitions & forecast parameters

1.2    Data Sources

1.1.1    Primary

1.1.2    Secondary

Chapter 2    Executive Summary

2.1    Automotive air filters industry 3600 synopsis, 2012 - 2022

Chapter 3    Automotive Air Filters Industry Insights

3.1    Industry segmentation

3.2    Industry size and forecast, 2012-2022

3.3    Industry ecosystem analysis

3.3.1    Fiber Manufacturers

3.3.2    Wet-laid nonwovens

3.3.3    Filter media

3.3.4    Filtration system assembly

3.3.5    OEM/aftermarket filter systems

Browse complete Table of Contents (ToC) of this research report @ https://www.decresearch.com/toc/detail/automotive-air-filters-market

About Author

Rahul Varpe    

Rahul Varpe

Rahul Varpe currently writes for Technology Magazine. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products ...

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