North America automotive air filters market is expected to register a CAGR of 8% over the period of 2015-2022, owing to stringent pollution control norms coupled with heavy demand for air filters. U.S. is expected to be a major regional revenue contributor.
Asia-pacific automotive air filters market dominates the global market share and is expected to generate over USD 5 billion by 2022. Increase in sales of vehicles both passenger and commercial will drive regional industry growth.
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EPA and CCC have demonstrated that automobiles, without proper air filters and ventilation facility, can cause health problems as well as ecological damage. Installation of air filters in automobiles is one of such measures suggested by EPA to reduce health hazards caused due to fuel emissions from vehicles.
Passenger car segment of automotive industry generates the highest revenue accounting to be over 50% in automotive air filters market share. Rising demand of passenger cars in regions like Asia-Pacific, Middle-East and Africa owing to expanding population should drive automotive air filters market growth.
Intake automotive air filters market might show a growth rate of over 10% during projected timeframe. They prevent engine contamination from dust and pollutants which may impact its fuel efficiency and performance of engine, thus creating scope for industry growth.
OEM will witness a growth rate of over 8% by 2022 which is dominated by China and India automotive air filters market. Shortage of raw materials like fiberglass, pleated paper and ceramic paper due to its demand in other industries as well might impact pricing of products.
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Automotive air filters Market should grow at a rapid pace owing to positive outlook towards growing automotive sales. Two-wheelers and passenger cars have witnessed widespread demand in past years and growing at a CAGR of 5% over the years which was over 55 million units in 2015.
Cabin air filter market should generate over USD 4 billion by 2022. Rising pollution levels created by vehicular and industrial emission might reach inside car cabin through ventilation or air conditioning and needs to be checked in order to provide comfort and safety and will pivot automotive air filters market.
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Global automotive air filters market shows moderately consolidated with presence of both big and small scale manufacturers and markets. Some key players in the market includes Mann+Hummel Group, Vokes Group, Parker Hannifan Group and Clarcor Inc.