The global automotive air filters market size is expected to reach USD 5.4 billion by 2025, expanding at a CAGR of 4.8%, according to a new report by Grand View Research, Inc. Stringent government regulations related to automotive emissions, coupled with rising fuel-efficient vehicles, are likely to propel market growth.
Increasing global environmental pollution, coupled with stringent environmental regulations implemented by governments and NGOs, is expected to drive the overall market over the forecast period. In addition, initiatives undertaken by associations such as Car Care Council and Environmental Protection Agency are likely to spread awareness about the product among automotive manufacturers across the globe, thereby driving the market growth.
Rising automotive production in developing economies such as India, China, and Indonesia is projected to boost the demand for this product in the automotive industry. In addition, increasing air pollution in the aforementioned countries has resulted in implementation of strict emission regulations, which is further estimated to drive the market.
Major cities across the globe had more particulate concentration than the required values in 2014. This forced governments to advocate the use of efficient emission systems. Therefore, the market is expected to benefit from these government initiatives as air filters are a major contributor toward increasing engine efficiency.
Key market players including Mann+Hummel Holding GMBH; K&N Engineering, Inc.; Cummins Inc.; Mahle GmbH; and Robert Bosch GmbH are engaged in the manufacturing and distribution of a variety of products. In addition, these players are involved in establishing a strong distribution network across the globe by implementing strategies such as mergers, acquisitions, and joint ventures.
Browse Full Report (Tables & Figures) @ https://www.grandviewresearch.com/industry-analysis/automotive-air-filters-market
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