Air Filter For Automotive Market Scenario
Air filters are used in automotive engines to maintain the quality of air. The global air filter sales are highly dependent on growing automotive sector. Positive outlook witnessed in vehicle sales can boost the automotive air filters market size. Apart from this, growing awareness about health hazards is foreseen to fuel the market growth globally.
Large number of vehicle owners are now aware of the health consequences resulting from car engines due to absence of filtration and ventilation system installations. This facilitates product demand along with security of health.
The key vendors of air filter for automotive are Donaldson Company Inc. (U.S.), C & R Fab Media Private Limited (India), Melkev Machinery Impex (India), NGK Insulators Ltd (Japan), and Sogefi SpA (Italy), and others.
The Air Filter For Automotive Market Share is segmented on the basis of type, vehicle type, and filter media.
The types of air filters are cabin air filter and intake air filter, and others. The cabin air filter market has been on the rise due to increased production of vehicles which is being considered as the standard equipment by automobile manufacturers. Cabin air filter manufacturers are also striving to reduce the cost of cabin air filters, as end-users are calling for affordable prices of items.
On the basis of vehicle type, the market is segmented on the basis of passenger car, light commercial vehicle (LCV), heavy commercial vehicles (HCV), and others. The HCV air filters segment is growing due to advances in air filtration technology, need to prevent unscheduled maintenance of engines, and legacy vehicles are demanding high-quality air filters in HCV vehicles. Whereas, the growth of LCV air filters market can be attributed to manufacturers taking initiatives to promote technologies to reduce harmful effects of air pollution.
Geographically, the Air Filter For Automotive Market Share is segmented by North America, Europe, Asia Pacific and Rest-of-the-World (RoW).
Among all regions, Europe holds the maximum market share for air filters for automotive, due to the steadily expanding automobile sector in the region. Moreover, growing number of mergers and acquisitions, joint ventures, and manufacturers consistently focusing on improving existing products help drive the market growth in this region.
The Asia Pacific market is also anticipated to expand significantly due to existence of large automobile companies in the region such as Hero, Maruti, and others. Japan is technologically advanced in the automotive market and projected to make a significant contribution to the growth of the air filter for the automotive market.
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