The global car air filter market is witnessing steady demand from all across the globe. This is due to the reason that car air filters are an integral part of automobiles as they protect the internal combustion engine from dust particles and grime coming from the air that mixes with the fuel in the engine. If the air filter of a car is not clean, it may result in damage to the engine of the car.
Besides this, the car will not function in an optimal manner and will exhibit reduced mileage and black sooty smoke or flames coming out from the exhaust if the air filter is worn out or not replaced at a proper time. The increasing sales of automobiles, especially cars, are the main driver of the global car air filter market.
However, as the future of the automobile industry is centered on electric cars, in which no fuel is burnt in the engine, the market for car air filters may get restricted during the assessment period. This is especially true of the European market, where electric cars are becoming popular due to the strict air pollution emission norms prevalent in the region. The global car air filter market is slated to touch a value of nearly US$ 9,916 Mn in the year 2022 and grow at a sluggish CAGR during the assessment period.
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Global Car Air Filter Market Segments
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By Product Type :
- Cabin air filter
- Intake air filter
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By Sales Channel :
- OEM
- OES
- IAM
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By Filter Media :
- Cellulose
- Synthetic
- Activated carbon
- Particle
-
By Vehicle Type :
- Compact Passenger Cars
- Mid-sized Passenger Cars
- Premium Passenger Cars
- Luxury Passenger Cars
-
By Region :
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- MEA
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4 Forecast 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.
- Fact.MR forecasts that the cellulose car air filter segment will exhibit a CAGR of 3% from 2017 to 2022. Cellulose car air filter segment is estimated to account for nearly one-third of the revenue share of the filter media segment by 2017 end and is expected to gain some market share by the end of the year 2022.
Competitive Landscape: Top Companies in Car Air Filter Market
Companies operating in the car air filter industry are broadening their product portfolio by introducing new products as demand for car air filters is increasing Also, the key manufacturers have adopted various strategies including portfolio diversification, partnership, merger and acquisition, geographical expansion etc. product development is the key strategy to upscale their market presence among consumers.
Fact.MR has provided detailed information about price points of top manufacturers of car air filter market positioned across regions, sales growth, production capacity, and speculative technological expansion in the recently published report.
For instance:
- On October 2021, Donaldson Company, Inc. was acknowledged by Frost & Sullivan with the 2021 North American Customer Value Leadership Award for increasing the consumers’ equipment life with its filters.
- On 28th July 2021, MAHLE has expanded its range of aftermarket solutions including transmission oil management, calibration, and air conditioning service. Furthermore, the Group will provide aftermarket solutions for drives through alternative to fuel cell and battery maintenance.
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Report Benefits & Key Questions Answered
- Car Air Filter Company & brand share analysis: The report offers in-depth Car Air Filter brand share analysis to estimate percentage of the market covered by Tier 1, Tier 2, and Tier 3 companies
- Car Air Filter Historical volume analysis: The report offers a comparative analysis between historic sales of Car Air Filter and projected sales performance for 2021-2031
- Car Air Filter Category & segment level analysis: Fact MR presents a comprehensive analysis of factors enabling sales growth across key segments. It underscores chief growth drivers and offers valuable information to identify sales prospects a local and regional levels
- Car Air Filter Consumption by demographics: To offer informed recommendation, the report studies behavior and consumption pattern of consumers. The demographics analysis is intended at helping business better understand consumer preference and design their product and market strategies around it
- Post COVID consumer spending on Car Air Filter: The Fact MR market survey carefully studies consumer spending behavior post COVID-19. It gauges how prevailing trends have influenced their behavior, subsequently impacting their spending power
More Valuable Insights on Car Air Filter Market
Fact.MR, in its new report, offers an unbiased Market Analysis of Car Air Filter, Sales and Demand of Car Air Filter, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.
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