Global Automotive Air Filters Market Analysis by 2024

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Global Automotive Air Filters Market size may
exceed USD 8 billion by 2024 Graphical Research
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Key Insights from Global Automotive Air Filters
Market

• Graphical Research says, Global Automotive Air
  Filters Market size may exceed USD 8 billion by
  2024
• Expansion in the automotive industry, increasing
  disposable income of consumers, rising
  environmental concerns due to automobile
  pollution emission and surging demand for cars
  and two-wheelers (particularly in BRICS
  countries) are some of the major factors driving
  the industry growth.
• There is a rapid growth in the automotive
  industry, which has also given rise to a
  tremendous increase in pollution.
• The global passenger vehicle market is likely to
  reach 90 million units by the end of 2024 (in
  terms of sale) which will also impose a threat to
  the environment and overall health.
• Taking this into consideration, the government is
  emphasizing on the use of these air filters to
  ensure reducing hazardous effects from these
  vehicle pollutants.

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reserved.


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3

Continued...

• Global automotive air filters market revenue is
  anticipated to surpass USD 8 billion by 2024.
• Intake air filters are forecast to record a CAGR
  of around 7 over the period of 2018-2024, owing
  to the consumer demand for prolonged engine life.
  Automotive air filters application in two-wheeler
  market is estimated to register a CAGR of around
  8.5 over 2018-2024
• Aftermarket end use segment, which accounted for
  approximately 70 of the overall market share in
  2017, is expected to be dominant over the coming
  eight years.
• The U.S. market is forecast to grow at a CAGR of
  around 8 over the forecast period, driven by
  factors such as high disposable income, rising
  health concerns, and strict government norms
  across this region.
• Key industry players include Cummins Inc.,
  Lydall, Inc., KN Engineering Inc., Parker
  Hannifin Corp., Toyota Boshoku Corporation,
  Ahlstrom Corporation, and Roki Co. Ltd.

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reserved.


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