Fact.MR report on the global car air filter market forecasts that the global car air filter market will touch a value of nearly US$ 9,916 Mn in the year 2022 and grow at a sluggish CAGR during the assessment period. Proper quantity of oxygen needed in complete combustion has great influence on efficiency, effluents and life of engine. Though the air contaminants such as fumes, dirt, smog and other suspended particles are invisible, it is detrimental to engine and are capable of damaging engine components.
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Considering the broad scope of global car air filter market, the report includes a segment-wise analysis and forecast. The global car air filter market is segmented into – product type, sales channel, vehicle type, filter media and region. Through this section, the report offers an in-depth country-wise forecast on every parameter associated with car air filters.
Car air filter has been growing in stature for it propels engine’s durability, helps with flow management and has overall noise, vibration and harshness standards. The car air filter is expected to keep emissions in check over stipulated period without glitches.
When it comes to shielding the engine from excessive wear, car air filter is expected to have high filtering efficiency and proper maintenance activity. Meanwhile, soaring sale of cars is anticipated to have positive influence in the growth of car air filter market. However, growing traction for electric vehicles may derail the growth of Car air filter market.
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Highlights on Global Car Air Filter Market
- As per the forecast of Fact.MR, the intake air filter segment is slated to touch a value of nearly US$ 5,366 Mn in the year 2022. This represents a sluggish CAGR growth during the assessment period of 2017-2022. The intake air filter segment is estimated to account for more than half of the revenue share of the product type segment by the year 2017 end and is expected to gain in market share by the year 2022 end.
- As per the forecast of Fact.MR, the OES car air filter segment will reach a value of nearly US$ 2,564 Mn in the year 2017. This represents a sluggish CAGR growth during the forecast period. The OES car air filter segment is estimated to account for more than one-fourth of the revenue share of the sales channel segment in the year 2017 end and is expected to lose market share by the end of the year 2022.
- As per the forecast of Fact.MR, the compact passenger cars segment is slated to reach a value of nearly US$ 2,479 Mn in 2022. The compact passenger cars segment is expected to gain some market value by the end of the year 2022. The largest share is contributed by the Europe region in the compact passenger cars segment.
Car Air Filter Market: Competitive Landscape
The report also profiles companies that are expected to remain active in the expansion of global car air filter market through 2022, which include Freudenberg & Co. KG, Hollingsworth & Vose Company, Champion Laboratories, Inc., Denso Corporation, Donaldson Company, Inc., General Motors, MAHLE GmbH, UFI Filters Spa and Alco Filters Ltd.
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