By 2022, Europe will hold approximately 24% of the global market share. This region is expected to be the most lucrative region for the automotive air filter during the forecast period, 2022-2032
NEWARK, Del, Aug. 26, 2022 (GLOBE NEWSWIRE) -- The global automotive air filter market is expected to reach US$ 6,680 Mn by 2032 while exhibiting a stagnant CAGR of 2.3% for the forecast period of 2022 to 2032. Valued at an estimated US$ 5,321.3 Mn in 2022, the automotive air market reflects lethargic growth over the period of observation. The market is mainly driven by the implementation of stringent regulations regarding greenhouse gas emissions. Accelerated demand for high-end vehicles that provide better passenger comfort and growing automotive sales and production also aid the market expansion of automotive air filter market.
The primary function of an automotive air filter is to prevent dirt particles, bugs, debris, pollutants and other contaminants from entering a vehicle's critical components like an engine or its interior. It supplies a good combination of air and fuel to aid performance, lower emissions and improving the performance of the vehicle. The market for automotive air filters is propelled by the advancing automobile industry, especially by the cars market, as nowadays most automobiles have two air filters: air intake air filters and cabin air filters. Consumers are growing aware of the necessity of air filters as they ensure clean air and prevents dirt from entering the passenger cabins. This factor bodes well for the market. Request a Sample @ https://www.futuremarketinsights.com/reports/sample/rep-gb-1684 The increase in car production coupled with the requirement of a variety of filters by automobiles will likely bolster the future market prospects. All automobiles need several kind of filters like air, oil, cabin and fuel filters. In addition to this, prevailing filter trends such as transmission filters for automated transmission systems and brake dust filters are further fueling the market sales of automotive air filters over the projected period. “Advancing cars market and consumer awareness of the necessity of air filters will likely augment the sales of automotive air filters over the forecast period,” says an FMI analyst. Key Takeaways:
Usage of cost-effective raw materials to generate market opportunities.
Booming electric car market hinders the market prospects for intake air filters.
In 2022, the automotive air filter market in North America is anticipated to account for 15% of the global market share.
Europe is predicted to acquire almost 24% of the overall market share by the end of 2022.
Asia Pacific is projected to be one of the fastest growing market during the assessment period.
Competitive Landscape MANN+HUMMEL, Donaldson Company, Inc, NGK INSULATORS, LTD, Sogefi SpA, Nirvana Being, Mahle International GmbH, C & R Fab Media Private Limited, Melkev Machinery Impex, Global Filters, Simplex Corporation, and others are some of the major players in the automotive air filter market that are profiled in the full version of the report.
Major market players are eyeing newer and attractive markets to invest in so as to increase their market share. These businesses are also interested in product development. Request for Customization @ https://www.futuremarketinsights.com/customization-available/rep-gb-1684 More Insights into the Automotive Air Filter Market Report
In its latest report, FMI offers an unbiased analysis of the global automotive air filter market, providing historical data from 2017 to 2021 and forecast statistics for 2022 to 2032. To understand the global market potential, growth, and scope, the market is segmented based on type (cabin automotive air filters, intake automotive air filters), filtering media (synthetic automotive air filter, cellulose automotive air filter, activated carbon automotive air filter, particle automotive air filter), and region. According to the latest FMI reports, based on region, automotive air filters market in Europe is expected to account for nearly 24% of the global market share in 2022. The region is predicted to offer multiple profitable opportunities over the forecast period. An upsurge in product demand in heavy and lightweight commercial vehicle applications because of the need to enhance driver safety and vehicle performance is driving the regional market growth. In North America, the automotive air filter market will acquire 15% of the global share by the end of 2022. The market will exhibit steady growth in this region due to immense vehicle park as well as high average miles travelled each year in countries like the United States and Mexico. Stringent regulations regarding pollution implemented by the U.S. and Canada also support the regional market expansion. The Asia Pacific automotive air filters market is driven by thriving automobile industry in India, China, and Japan, propelling the market to undergo the fastest growth over the forecast period. Ask an Analyst @ https://www.futuremarketinsights.com/ask-question/rep-gb-1684
Key Segments Profiled In the Global Automotive Air Filter Market
Automotive Air Filter Market by Type:
Automotive Air Filter Market by Filtering Media:
Activated Carbon Automotive Air Filter
Automotive Air Filter Market by Region:
Automotive air filter market in North America
Automotive air filter market in Latin America
Automotive air filter market in Europe
Automotive air filter market in Asia Pacific
Automotive air filter market in MEA
2.2. Market Definition / Scope / Limitations
3.1. Key Trends Impacting the Market
Have a Look at Latest Trending Reports of Automotive Domain
Latin America Automotive HVAC Market: Heating Ventilation and Air Conditioning (HVAC) is the technology for managing the internal climate of vehicle cabin.
ASEAN Automotive Aftermarket: The ASEAN automotive aftermarket is forecast to expand at 8.7% CAGR, reaching a market valuation of US$ 21.05 Bn in 2021.
APEJ Automotive Aftermarket: The automotive aftermarket is an integral part of the automotive industry. The auto-components market has expanded multifold in the past few years at regional as well as global levels.
Asia-Pacific Excluding Japan (APEJ) to Lead Automotive Bearing Market: In 2021, the global automotive bearing market is valued at US$ 171 Bn. The market is likely to grow at a y-o-y of 4.94% y-o-y in 2022 to reach US$ 180 Bn.
Global Automotive Interior Ambient Lighting System Market: ] Future Market Insights (FMI) has estimated the automotive interior ambient lighting system market to grow with a year-on-year growth of 4.1% in terms of value in 2022 reaching a value of about US$ 3,066.0 Mn by 2022 end.
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favour the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years. Contact:
Future Market Insights Inc. Christiana Corporate, 200 Continental Drive, Suite 401, Newark, Delaware - 19713, USA T: +1-845-579-5705 For Sales Enquiries: sales@futuremarketinsights.com Browse Latest Market Reports: https://www.futuremarketinsights.com/reports
As we close in on the final quarter of 2022, investors are looking for an answer to one question: was June’s low the bottom for stocks, or do they have more room to fall? It’s a serious question, and there may be no easy answer. Markets are facing a series of headwinds, from the high inflation and rising interest rates that we’ve grown familiar with to an increasingly strong dollar that will put pressure on the upcoming Q3 earnings. Weighing in on current conditions from Charles Schwab, the $8 t
Berkshire Hathaway is on pace to collect $6.07 billion in dividend income over the next 12 months. Just five holdings will account for 71% of total payouts.
NIO Inc. stock is trending on the Yahoo Finance Platform. Here is a visualization of $NIO performance over time, how that performance compares to the wider industry, and analyst projections for the current quarter.Check out the ticker page here.
A strong bearish trend defined the markets in the first half of the year; since then, the key point has been volatility. Stocks hit a bottom back in June, when the S&P 500 dropped into the 3,600s. That has proven to be a support level in the last two months, and at least one strategist believes that the market won’t be testing those lows again this year. JPMorgan's Jason Hunter believes that inflation may have peaked, and that the upcoming CPI report will provide additional evidence of that. “We
The S&P 500 is on again, off again all year. But investors clearly have a "buy list" of stocks they want to own when the rally looks real.
It's time to be extra picky.
The automaker's resilience in this economic downturn is something to be admired
During tricky market conditions, it can be helpful to follow professional investors who are focused on the long term.
In this article, we will look at 10 stocks that Jim Cramer is talking about in September. If you want to explore more stocks that journalist investor, Jim Cramer, is talking about in September, you can also take a look at Jim Cramer is Talking About These 5 Stocks in September. Jim Cramer has acquired […]
Expect cost certainty to fly right out the (drafty) window.
(Bloomberg) -- In a week that saw discretionary buyers beat a quick retreat from risky assets, another set of traders stood up to halt a three-week plunge in the S&P 500: those with little choice but to buy.Most Read from BloombergCharles Becomes King as the Face of a Nation ChangesDouble Rainbow Appears Over Buckingham Palace as Crowd Gathers to Mourn QueenUkraine Army’s Breakthrough in North Threatens Russian GripQueen Elizabeth’s Doctors Are Concerned for Her HealthQueen Elizabeth II, Britain
Tough times ahead. But you don't need to sell it all.
Congressional Democrats want to slam shut a tax loophole known as the "backdoor" Roth IRA. In one of several proposed changes that target the retirement accounts of wealthy Americans, Democrats on the House Ways and Means Committee want to prohibit people … Continue reading → The post Democrats Want to End This Lucrative Retirement Account Loophole appeared first on SmartAsset Blog.
On Friday, the company unveiled the Robinhood Investor Index, which captures how customers invest based on the top 100 most owned stocks on the platform.
AT&T income-hungry shareholders should have seen it coming. In April last year, a month before announcing the spinoff of its media division to shareholders in the form of shares of a 71% stake in the newly created Warner Bros. Discovery Chief Executive Officer John Stankey assured investors that “our deliberate capital-allocation plan allowed us to invest and sustain our dividend at current levels, which we believe is attractive.” AT&T’s eventual failure to raise the dividend in 2021 broke a 34-year streak and saw it booted out of the vaunted S&P 500 Dividend Aristocrats Index.
Investors are seeing higher growth potential for QuantumScape's battery cell technology after an interesting EV industry development.
Devon Energy (DVN) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
Baron Funds, an asset management firm, published its “Baron Durable Advantage Fund” second quarter 2022 investor letter – a copy of which can be downloaded here. Baron Durable Advantage Fund (the “Fund”) declined 15.7% (Institutional Shares) during the second quarter, roughly in line with the 16.1% decline for the S&P 500 Index (the “Index”), the […]
Warren Buffett's Berkshire Hathaway disclosed its Occidental Petroleum stake has risen to 26.8%. OXY stock rose slightly late Friday.
CrowdStrike Holdings (NASDAQ: CRWD) was one of the more lucrative cybersecurity stocks to own on the last trading day of the week. Said note was authored by Cantor Fitzgerald's Jonathan Ruykhaver, who initiated coverage on four cybersecurity stocks after market hours on Thursday. Of the four, CrowdStrike saw the biggest price pop today.