Air Filters for Cars Market| COVID-19 Impact, Overview, Opportunities, Trends And Analysis By 2022
Air Filters for Cars Market Scenario
An impact analysis on COVID-19 by MRFR reveals that there has been a significant drop in vehicle sales in the first few months of 2020, given the shutdowns across countries and the oil price fluctuations.
Key Vendors
The key vendors of Air Filters for Cars 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.
Market Segmentation
The Air Filters for Cars market 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.
By filter media, the market is segmented on the basis of synthetic, activated carbon, cellulose, and others. Rapid industrialization and stringent environmental regulations coupled with standards issued by government across the globe drive the market for activated carbon air filters.
Regional Analysis
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.
In Africa, increasing need for energy effective and efficient products that deliver high-performance are expected to boost the air filters for automotive market. Moreover, resource scarcity and changing demographics are also likely to further the market growth. Lastly, rising environmental awareness along with rapid urbanization can drive the market in the region.
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