|
|
(Transportation-News.com, October 24, 2017 ) The Automotive Air Filters Market was worth USD 3.35 billion in the year of 2012 and is expected to reach approximately USD 8.02 billion by 2022, while registering itself at a compound annual growth rate (CAGR) of 8.16% during the forecast period. The worldwide automotive air filters market is evaluated to witness immense development by virtue of the rising vehicle creation. Supportive regulations and ascend in the production of automobile are relied upon to drive the development. Different perspectives, for example, fast industrialization and urbanization in the nations, for example, China, Malaysia, Vietnam, Indonesia, India and South Korea is required to have a positive effect on the general market growth. Research and development activities to create excellent quality items are anticipated to additionally influence the market development in a positive manner.
On the administrative front, orders and directions associated with discharge control are anticipated to significantly affect worldwide market. Euro VI petroleum and diesel basic standard that direct light and heavy vehicles are relied upon to boost the utilization of textile in the automotive filters. Producers have been taking significant efforts to enhance the product portfolio and make superior quality items to meet the growing demand. Developing economies like India and China render major opportunities to the market players.
Product Outlook and Trend Analysis
In 2015, the cabin product segment had the most elevated infiltration in the automotive air filters market with a share of 50 percent of the total market volume. The cabin is again anticipated that would be the quickest developing item finished the gauge time frame and is ventured to develop at significant rate in the upcoming years. Increasing requirement in Asia Pacific locale is evaluated to fuel the interest for cabin item.
Application Outlook and Trend Analysis
The passenger car section encountered the most elevated penetration in 2015, by representing a share of 50 percent of the total demand and is anticipated to reflect significant growth in the upcoming years. Development in the manufacturing of automobile in the following years is anticipated to boost the usage of automotive air filters application for the interior parts. Efforts made by the government in regard with environmental concerns are foreseen to spur the requirement for passenger cars applications.
Fill the form to gain deeper insights on this market @: http://www.crystalmarketresearch.com/report-sample/CM10269
Market Classification
Automotive Air Filters Market By Product, Estimates and Forecast, 2012-2022 ($Million)
Cabin Air Filters
Intake Air Filters
Automotive Air Filters Market By Application, Estimates and Forecast, 2012-2022 ($Million)
Light & Heavy Commercial Vehicles
Passenger Cars
Two Wheelers
Automotive Air Filters Market By End User, Estimates and Forecast, 2012-2022 ($Million)
Aftermarket
OEM
Research Methodology
We use both primary as well as secondary research for our market surveys, estimates and for developing forecast. Our research process commence by analyzing the problem which enable us to design the scope for our research study. Our research process is uniquely designed with enough flexibility to adjust according to changing nature of products and markets, while retaining core element to ensure reliability and accuracy in research findings. We understand both macro and micro-economic factors to evaluate and forecast different market segments.
Buy Report @: http://www.crystalmarketresearch.com/checkout/269
Data Mining
Data is extensively collected through various secondary sources such as annual reports, investor presentations, SEC filings, and other corporate publications. We also refer trade magazines, technical journals, paid databases such as Factiva and Bloomberg, industry trade journals, scientific journals, and social media data to understand market dynamics and industry trends. Further, we also conduct primary research to understand market drivers, restraints, opportunities, challenges, and competitive scenario to build our analysis.
Crystal Market Research
Alex Martin
+1-888-213-4282
info@crystalmarketresearch.com
Source: EmailWire.Com 
Source: EmailWire.com
|
