Global $7.1 Bn Automotive Air Filters Market Analysis & Forecasts 2016-2022
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The automotive air filter market was 4.51 billion USD in 2016 and is estimated to reach USD 7.17 billion by 2022 growing at a CAGR of 8.06% for the forecasted period. Asia Pacific was the dominant region in 2016 accounting for 48% of the revenue share. Cabin air filter market was the leading product segment and accounted for more than half of the total revenue share in 2016.
Growth by Region:
US automotive air filter industry will grow at a CAGR of 8% till 2022. Asia Pacific (particularly Indonesia, India and China) is expected to continue as the dominant region in this industry.
Drivers vs. Constraints:
The major drivers of this industry are the increase in demand for automobiles (cars and two wheelers), particularly in BRICS countries and the increase in health concerns combined with growing pollution which has increased the demand for air filters. The introduction of electric vehicles which do not need air filters are a major threat to this industry. The prices of raw materials like paper, fiberglass, fabrics also affects the profitability.
Key Topics Covered:
1. Research Methodology
2. Executive Summary
3. Market Overview
4. Market Dynamics
5. Global Automotive Air Filters market Segmentation, Forecasts and Trends - By Revenue
6. By Type
7. By Filter Media
8. By Vehicle Type
9. By Market
10. By Region
11. Vendor Market Share Analysis
12. Company Profiles
13. Industry Structure
For more information about this report visit https://www.researchandmarkets.com/research/mvvldk/global_automotive
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