According to a new industry report published by Credence Research Inc., “Automotive Air Filter industry (By Product Type (Automotive Intake Air Filters and Automotive Cabin Filters), By Application (Passenger Cars, Two-wheelers, and Light & Heavy Commercial Vehicles), By Sales Channel (Afterindustry and OEM) industry – Growth, Share, Opportunities, Competitive Analysis, and Forecast 2016 – 2023”, the global air filter industry is expected to expand at a CAGR of 7.5% from 2016 to 2023, exceeding US$ 9.1 Bn by 2023.
Product and industry Insights:
Air filters are one of the key components in automotives which keep the engine and vehicle interior clean and dust free by removing the unwanted solid particulates from air. The use of air filters in automotives helps to extend the life of engine by trapping and removing the dirt that can pose problems to engine components. In addition, its use aids in improving the emission control and address spark plug ignition issues in automotives. The industry for automotive air filters is expected to be driven by increasing automobile production across the globe.
Some of the leading players identified in the global automotive air filter industry include Ahlstrom Corporation, Mann+Hummel Group, Sogefi S.P.A., Affinia Group Inc., Mahle Group, Donaldson Company, Inc., Denso Corporation, ACDelco Inc., Hengst SE & Co. KG, Cummins Inc., Freudenberg & Co. KG, Robert Bosch GmbH, Lydall Inc., K&N Engineering Inc. and Valeo SA among others. These players are focusing on developing cost-effective and efficient air filters that comply with the enacted environmental regulations. New product development and focus on business expansion through strategic alliances and acquisitions are some of the key winning strategies adopted by the manufacturers. In addition, offering high quality after sales service is requisite to ensure success in the automotive air filter industry since customers ideally opt for the repair service before going for new installations.
Automotive Air Filter industry
In terms of product type, there exist two variants, namely – automotive intake air filters and automotive cabin air filters. Cabin air filters represent the emerging product segment in the global automotive air filter industry. While intake air filters restrict the entry of unwanted particulates in engine’s combustion chamber, cabin air filters prohibits dust from entering cabin of the vehicle through HVAC system. Their breakdown may lead to severe inefficiency of engine, thereby increasing the emission levels. Thus, regular interval cleaning or even replacing the existing air filter with the new one is necessary.
Browse the full Automotive Air Filter industry – Growth, Share, Opportunities, Competitive Analysis, and Forecast 2016 – 2023 report at http://www.credenceresearch.com/report/automotive-air-filter-market
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