Global Automotive Filter Market is expected to reach USD 10.1 Billion by 2024 from USD 5.6 Billion in 2016 – Research Nester

Automotive filter remove the solid matters such as dust, mould and pollen from the fuel and gas. Automotive filters help the engine to run smoothly and ensure that there is adequate air flow to the engine which further lessens the fuel consumption and carbon emission.

New York, United States - September 14, 2018 /MarketersMedia/ —

“Automotive Filter Market: Global Historical Growth (2012-2016) & Future Outlook (2017-2024) Demand Analysis & Opportunity Evaluation”

The global automotive filter market is segmented into type such as air filter, fuel filter and oil filter. Among these segments, air filter segment dominated the overall automotive filter market in 2016 and is likely to continue its dominance during the forecast period. Increasing concerns regarding air pollution and need to prevent the dirt and contaminants from entering in the vehicle’s engine are increasing the sales of automotive filters globally. Air filter is a very essential component in air conditioner installed vehicles. Moreover, the demand for automotive radiators is envisioned to rise during the forecast period due to increasing installation of air conditioner in old vehicles.      

Global automotive filter market is expected to expand at 8.8% CAGR during the forecast period. Moreover, the global automotive filter market was valued at USD 5.6 Billion in 2016 and is expected to reach at revenue around USD 10.1 Billion by the end of 2024. The automotive filter market is poised to display substantial growth during the forecast period due to advantages of automotive filter in vehicles such as improved engine performance and increased vehicle’s fuel efficiency.

On the basis of regional platform, Asia Pacific automotive filter market is envisioned to expand at a CAGR of 9.1% by the end of 2024. Moreover, Asia Pacific accounted for more than 43% share of overall automotive filter market in 2016. Further, increasing production of vehicles in Asian countries such as India and China is expected to fuel the demand for automotive filters in this region.

Increasing Sales of Passenger Cars

Demand for automotive filters is mainly fuelled by increasing number of vehicles across the globe. Further, rising concerns amongst the consumers regarding preventive maintenance is escalating the replacement rate of automotive filters.

Request For Free Sample Pages: https://www.researchnester.com/sample-request/2/rep-id-457

Strict Government Regulations

Governments of developed countries have implemented strict laws to curb the pollution caused by vehicles. For instance, in U.S., the environment protection agency has implemented the mandatory average fuel economy of 42mpg for cars and 26mpg for trucks. Further, government initiatives and regulation regarding fuel consumption and pollution caused by vehicles are likely to foster the growth of market in future. The most common replacement interval for filter is about every 30,000 miles. However, long replacement cycle of automotive filters and increasing sales of electric vehicles are some of the major obstructions in the growth of automotive filter market.

The report titled “Automotive Filter Market : Global Historical Growth (2012-2016) & Future Outlook (2017-2024) Demand Analysis  & Opportunity Evaluation” delivers detailed overview of the global automotive filter market in terms of market segmentation by type, by end-use, by vehicle type and by region. Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.

Request For TOC Pages: https://www.researchnester.com/toc-request/1/rep-id-457

This report also provides the existing competitive scenario of some of the key players of the global automotive filter market which includes company profiling of Mahle GmbH, Sogefi SpA, MANN+HUMMEL GmbH, A.L. Filter, Donaldson Company, Inc., K&N Engineering, Inc., Fildex Filters Canada Corporation, Filtrak BrandT GmbH, Luman Automotive Systems Pvt. Ltd. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global automotive filter market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.

About Research Nester:

Research Nester is a leading service provider for strategic market research and consulting. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates and executives to take wise decisions for their future marketing strategy, expansion and investment etc. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds. Our out of box thinking helps our clients to take wise decision so as to avoid future uncertainties.

Follow us: - LinkedInTwitter | Facebook

Contact Info:
Name: Ajay Daniel
Email: ajay.daniel@researchnester.com
Organization: Research Nester
Phone: +1 646 586 9123

Source URL: https://marketersmedia.com/global-automotive-filter-market-is-expected-to-reach-usd-10-1-billion-by-2024-from-usd-5-6-billion-in-2016-research-nester/407900

For more information, please visit https://www.researchnester.com/reports/automotive-filter-market-global-historical-growth-2012-2016-future-outlook-2017-2024-demand-analysis-opportunity-evaluation/457

Source: MarketersMedia

Release ID: 407900

Latest News

Greek authorities say lost ancient city of Tenea is located

Nov 15, 2018

ATHENS, Greece — Greece's culture ministry said Tuesday that archaeologists have located the first tangible remains of a lost city that the ancient Greeks believed was first settled by Trojan captives of war after the sack of Troy. A ministry statement said excavations from September to early October in the southern Greek region of the Peleponnese turned up "proof of the existence of the ancient city" of Tenea, until now known mostly from ancient texts. Finds included walls and clay, marble or stone floors of buildings, as well as household pottery, a bone gaming die and more than 200 coins...

Red bull drawn in Indonesian cave dated to 40,000 years ago

Nov 15, 2018

WASHINGTON — Scientists have found the oldest known example of an animal drawing: a red silhouette of a bull-like beast on the wall of an Indonesian cave. The sketch is at least 40,000 years old, slightly older than similar animal paintings found in famous caves in France and Spain. Until a few years ago, experts believed Europe was where our ancestors started drawing animals and other figures. But the age of the drawing reported Wednesday in the journal Nature, along with previous discoveries in Southeast Asia, suggest that figurative drawing appeared in both continents about the same time. The new...

How old is cacao? New research pushes back date

Nov 15, 2018

NEW YORK — New research is providing fresh clues about the history of cacao, a key ingredient in chocolate. A study published Monday says tests indicate traces of cacao on artifacts from an archaeologic site in South America estimated to be 5,400 years old. That's about 1,500 years older than cacao's known domestication in Central America. Cameron McNeil of Lehman College in New York says that makes it the earliest known site with domesticated cacao. Researchers say the ancient civilization likely didn't use cacao to make chocolate, but that the seed was likely used for food and drinks.

China building boom uncovers buried dinosaurs, makes a star

Nov 15, 2018

YANJI, China — At the end of a street of newly built high-rises in the northern Chinese city of Yanji stands an exposed cliff face, where paleontologists scrape away 100 million-year-old rock in search of prehistoric bones. Like many fossil excavation sites in China, this one was discovered by accident. China's rapid city building has churned up a motherlode of dinosaur fossils. While bulldozers have unearthed prehistoric sites in many countries, the scale and speed of China's urbanization is unprecedented, according to the United Nations Development Program. Perhaps no one has seized the scientific opportunity more than Xu Xing, a...

Oldest fossils on Earth? New look finds might just be rocks

Nov 15, 2018

WASHINGTON — What were billed as the oldest fossils on Earth may just be some rocks, according to a new study. Two years ago, a team of Australian scientists found odd structures in Greenland that they said were partly leftovers from microbes that lived on an ancient seafloor. They were said to be 3.7 billion years old, which suggests life formed quicker and easier than thought after Earth formed. But on Wednesday, the journal Nature, which published the 2016 study, released new research using NASA technology that concludes the structures found on rocks were likely not fossils but more rock....

About Us

Science Thread delivers quality and fascinating science and technology content that matters on a daily basis and makes it go viral.

Contact us: sales@sciencethread.com