MarketsandMarkets Presents Automotive Filters Market by Type, Air, Vehicle Type and Region - 2025 https://www.marketsandmarkets.com/Market-Reports/automotive-air-filters-market-1270.html
According to the new market research report "Automotive Filters Market by Type (Air, Fuel, Oil, Cabin, Coolant, Brake Dust, Oil Separator, Transmission, Steering, Dryer Cartridge, EMI/EMC, Coolant Air Particle), Air & Cabin Filter Media, Fuel & Vehicle Type, Aftermarket - Global Forecast to 2025", published by MarketsandMarkets™, The automotive filters OE market is estimated to grow at a CAGR of 4.35% from USD 2.93 billion in 2018 to USD 3.94 billion by 2025. The increasing vehicle production is the major driving factor for the growth in automotive filter market. The automotive filters aftermarket is projected to grow at a CAGR of 1.14% from 2018 to 2025, to reach USD 23.31 billion by 2025 from an estimated USD 21.53 billion in 2018. The increasing vehicle parc and average miles driven every year across all regions are projected to be the major factors driving the growth of the automotive filters aftermarket. Get The PDF Brochure For This Report: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1270 Browse 147 market data Tables and 58 Figures spread through 200 Pages and in-depth TOC on "Automotive Filters Market” https://www.marketsandmarkets.com/Market-Reports/automotive-air-filters-market-1270.html
“Synthetic media air filters are estimated to show the fastest growth in air filters market during the forecast period” The market for synthetic media air filters is projected to grow at the highest CAGR during the forecast period from 2018 to 2025, by value, as this type of filters is more efficient than the cellulose media filters. They are mostly installed in premium passenger cars and high-performance trucks to enhance the engine performance. Synthetic media filters have various advantages when compared with cellulose media filters, such as smaller size, water resistant, increased airflow, and higher performance. “HEV segment is estimated to have the largest share in electric & hybrid vehicle filters market” The HEV segment is projected to have the largest market share in the electric & hybrid vehicle filters market, in terms of value, during the forecast period. The sales of HEV is the highest in Asia Oceania region followed by North America. The sales of HEVs is higher than BEVs or PHEVs as the cost of HEVs are the same as gasoline or diesel variants; whereas, BEVs and PHEVs come under the premium vehicle segment. Request Sample of the report: https://www.marketsandmarkets.com/requestsampleNew.asp?id=1270
“North America and Asia Oceania are estimated to dominate the automotive filters aftermarket” In terms of value, North America is estimated to be the largest aftermarket; whereas, Asia Oceania is estimated to be the fastest growing market during the forecast period. The automotive filters aftermarket in North America is driven by the factors such as people’s awareness about the advantages offered by the filter and the people’s practice of do-it-yourself service in the region. On the other hand, the market growth in Asia Oceania can be attributed to the second largest vehicle parc and the increasing sales of vehicles across the region. The key companies profiled in the study are MANN+HUMMEL (Germany), Donaldson (US), Robert Bosch (Germany), MAHLE (Germany), Sogefi (Italy), Denso (Japan), Ahlstrom-Munksjö (Sweden), ACDelco (US), Hengst (Germany), and K&N Engineering (US). Don’t miss out on business opportunities in Automotive Filters Market. Speak to our analyst and gain crucial industry insights that will help your business grow.
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