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Global Automotive Air Filters Market Growth Trends by 2024

Rising demand for passenger cars and two-wheelers primarily in the BRICS countries, is driving the industry share over the forecast timeframe. Expansion of automotive industry will favor global automotive air filters market share.

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Global Automotive Air Filters Market Growth Trends by 2024

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  1. Global Automotive Air Filters Market size may exceed USD 8 billion by 2024: Graphical Research ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

  2. Key Insights from Global Automotive Air Filters Market: • Graphical Research says, Global Automotive Air Filters Market size may exceed USD 8 billion by 2024 • Expansion in the automotive industry, increasing disposable income of consumers, rising environmental concerns due to automobile pollution emission and surging demand for cars and two-wheelers (particularly in BRICS countries) are some of the major factors driving the industry growth. • There is a rapid growth in the automotive industry, which has also given rise to a tremendous increase in pollution. • The global passenger vehicle market is likely to reach 90 million units by the end of 2024 (in terms of sale) which will also impose a threat to the environment and overall health. • Taking this into consideration, the government is emphasizing on the use of these air filters to ensure reducing hazardous effects from these vehicle pollutants. ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

  3. Continued... • Global automotive air filters market revenue is anticipated to surpass USD 8 billion by 2024. • Intake air filters are forecast to record a CAGR of around 7% over the period of 2018-2024, owing to the consumer demand for prolonged engine life. Automotive air filters application in two-wheeler market is estimated to register a CAGR of around 8.5% over 2018-2024 • Aftermarket end use segment, which accounted for approximately 70% of the overall market share in 2017, is expected to be dominant over the coming eight years. • The U.S. market is forecast to grow at a CAGR of around 8% over the forecast period, driven by factors such as high disposable income, rising health concerns, and strict government norms across this region. • Key industry players include Cummins Inc., Lydall, Inc., K&N Engineering Inc., Parker Hannifin Corp., Toyota Boshoku Corporation, Ahlstrom Corporation, and Roki Co. Ltd. ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

  4. Browse Full Market Research Report On Global Automotive Air Filters Market @ https://bit.ly/2MuB7J9 Request for a Sample of this Research Report @ https://bit.ly/2NFtt3k ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

  5. Stay In Touch With Us For: Website: www.graphicalresearch.com Social Media: Assured Quality On-Time Delivery Payment Security Industry Experts ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

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