Global Automotive Filter Market is expected to reach USD 10.1 Billion by 2024 from USD 5.6 Billion in 2016 – Research Nester

Automotive filter remove the solid matters such as dust, mould and pollen from the fuel and gas. Automotive filters help the engine to run smoothly and ensure that there is adequate air flow to the engine which further lessens the fuel consumption and carbon emission.

New York, United States - September 14, 2018 /MarketersMedia/ —

“Automotive Filter Market: Global Historical Growth (2012-2016) & Future Outlook (2017-2024) Demand Analysis & Opportunity Evaluation”

The global automotive filter market is segmented into type such as air filter, fuel filter and oil filter. Among these segments, air filter segment dominated the overall automotive filter market in 2016 and is likely to continue its dominance during the forecast period. Increasing concerns regarding air pollution and need to prevent the dirt and contaminants from entering in the vehicle’s engine are increasing the sales of automotive filters globally. Air filter is a very essential component in air conditioner installed vehicles. Moreover, the demand for automotive radiators is envisioned to rise during the forecast period due to increasing installation of air conditioner in old vehicles.      

Global automotive filter market is expected to expand at 8.8% CAGR during the forecast period. Moreover, the global automotive filter market was valued at USD 5.6 Billion in 2016 and is expected to reach at revenue around USD 10.1 Billion by the end of 2024. The automotive filter market is poised to display substantial growth during the forecast period due to advantages of automotive filter in vehicles such as improved engine performance and increased vehicle’s fuel efficiency.

On the basis of regional platform, Asia Pacific automotive filter market is envisioned to expand at a CAGR of 9.1% by the end of 2024. Moreover, Asia Pacific accounted for more than 43% share of overall automotive filter market in 2016. Further, increasing production of vehicles in Asian countries such as India and China is expected to fuel the demand for automotive filters in this region.

Increasing Sales of Passenger Cars

Demand for automotive filters is mainly fuelled by increasing number of vehicles across the globe. Further, rising concerns amongst the consumers regarding preventive maintenance is escalating the replacement rate of automotive filters.

Request For Free Sample Pages: https://www.researchnester.com/sample-request/2/rep-id-457

Strict Government Regulations

Governments of developed countries have implemented strict laws to curb the pollution caused by vehicles. For instance, in U.S., the environment protection agency has implemented the mandatory average fuel economy of 42mpg for cars and 26mpg for trucks. Further, government initiatives and regulation regarding fuel consumption and pollution caused by vehicles are likely to foster the growth of market in future. The most common replacement interval for filter is about every 30,000 miles. However, long replacement cycle of automotive filters and increasing sales of electric vehicles are some of the major obstructions in the growth of automotive filter market.

The report titled “Automotive Filter Market : Global Historical Growth (2012-2016) & Future Outlook (2017-2024) Demand Analysis  & Opportunity Evaluation” delivers detailed overview of the global automotive filter market in terms of market segmentation by type, by end-use, by vehicle type and by region. Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.

Request For TOC Pages: https://www.researchnester.com/toc-request/1/rep-id-457

This report also provides the existing competitive scenario of some of the key players of the global automotive filter market which includes company profiling of Mahle GmbH, Sogefi SpA, MANN+HUMMEL GmbH, A.L. Filter, Donaldson Company, Inc., K&N Engineering, Inc., Fildex Filters Canada Corporation, Filtrak BrandT GmbH, Luman Automotive Systems Pvt. Ltd. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global automotive filter market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.

About Research Nester:

Research Nester is a leading service provider for strategic market research and consulting. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates and executives to take wise decisions for their future marketing strategy, expansion and investment etc. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds. Our out of box thinking helps our clients to take wise decision so as to avoid future uncertainties.

Follow us: - LinkedInTwitter | Facebook

Contact Info:
Name: Ajay Daniel
Email: ajay.daniel@researchnester.com
Organization: Research Nester
Phone: +1 646 586 9123

Source URL: https://marketersmedia.com/global-automotive-filter-market-is-expected-to-reach-usd-10-1-billion-by-2024-from-usd-5-6-billion-in-2016-research-nester/407900

For more information, please visit https://www.researchnester.com/reports/automotive-filter-market-global-historical-growth-2012-2016-future-outlook-2017-2024-demand-analysis-opportunity-evaluation/457

Source: MarketersMedia

Release ID: 407900

Latest News

Lebanon uses Arab summit to call for Syrian refugees' return

Jan 20, 2019

BEIRUT — Lebanon used an Arab economic summit on Sunday to call for the return of Syrian refugees to safe areas of their war-torn country, where the nearly eight-year civil war is still underway despite a recent series of government victories. President Michel Aoun told the opening session that Lebanon is overwhelmed by the presence of Syrian and Palestinian refugees, who make about half the population of the tiny country, which is struggling with an economic crisis. The meeting is the first economic and development summit to be held since 2013, and comes as Syria, Yemen and Libya remain gripped...

Facing populist assault, global elites regroup in Davos

Jan 20, 2019

DAVOS, Switzerland — As the world's financial and political elites convene here in the Swiss Alps for the World Economic Forum, their vision of ever-closer commercial and political ties is under attack — and the economic outlook is darkening. Britain's political system has been thrown into chaos as the country negotiates a messy divorce from the European Union. Under President Donald Trump, the United States is imposing trade sanctions on friend and foe alike, and the government is paralyzed by a partial shutdown that forced Trump and a high-level U.S. delegation to cancel the trip to Davos. French President Emmanuel...

Democrats aren't buying Trump's shutdown-ending 'compromise'

Jan 20, 2019

WASHINGTON — In a bid to break the shutdown stalemate, President Donald Trump offered to extend temporary protections for young people brought to the U.S. illegally as children and those fleeing disaster zones in exchange for his long-promised border wall. But while Trump cast the move as a "common-sense compromise," Democrats were quick to dismiss it as a "non-starter." With polls showing a majority of Americans blaming him and Republicans for the impasse, Trump said from the White House that he was there "to break the logjam and provide Congress with a path forward to end the government shutdown and...

The shutdown today: Trump makes offer to Democrats

Jan 20, 2019

What's up with the partial government shutdown on Day 30: WHAT'S NEW President Donald Trump sought to break the government shutdown impasse Saturday, offering to extend protections for young people brought to the country illegally as children, if Democrats give him $5.7 billion for his long-promised border wall. But Democrats dismissed the offer as non-starter, calling on Trump to re-open the government first. Speaking from the White House, Trump said he was offering a "common-sense compromise both parties should embrace." House Speaker Nancy Pelosi said the president's proposal for ending the 29-day partial government shutdown was "a compilation of several...

Death toll reaches 73 in Mexico fuel pipeline fire horror

Jan 20, 2019

TLAHUELILPAN, Mexico — They were warned to stay away from the geyser of gasoline gushing from the illegally tapped pipeline in central Mexico, but Gerardo Perez says he and his son joined others in bypassing the soldiers. As they neared the spurting fuel he was overcome with foreboding. Perez recalls telling his son: "Let's go ... this thing is going to explode." And it did, with a fireball that engulfed locals scooping up the spilling gasoline and underscored the dangers of an epidemic of fuel theft from pipelines that Mexico's new president has vowed to fight. By Saturday evening the...

Search

Deck Biz is an intelligent platform providing international and regional business news updates. You won’t get these insights elsewhere other than Deck Biz.

Contact us: sales@deckbiz.com