The Latin America, Middle East and Africa Automotive Air Filters Market would witness market growth of 7.9% CAGR during the forecast period (2022-2028).
Commercial vehicle pollution rules have been tightening up recently. Moreover, the EPA has released the diesel engine crankcase emissions criteria. The rule focuses on diesel particulates such as carbon monoxide, nitrogen oxides, and hydrocarbons. Furthermore, the EPA has mandated the deployment of crankcase ventilation filters in heavy trucks for getting crankcase emissions either by sending them back into the intake for re-combustion or putting them into the exhaust stream before the exhaust emission control systems.
As a result, after-treatment filters such as crankcase ventilation, urea, and diesel exhaust filters have been required to be installed by OEMs by emission regulatory agencies. The expansion of the automotive air filter market is accelerating due to the introduction of rules addressing the emission of greenhouse gases, the growth in demand for high-end vehicles with enhanced cabin comfort, and the rise in automotive manufacturing and sales. In addition, increased demand for multi-filtration systems and technical advances are anticipated to provide potential prospects over the projection period.
The localized part production by OEMs, increasing demand for spare automotive parts for vehicle modification, increased investment in newer distribution channels, and expanding markets for used car spare parts are the main drivers promoting the expansion of the UAE automotive aftermarket. Furthermore, strong economic growth in the UAE, increased consumer spending, and convenient automobile financing contribute to the country's automotive industry's expansion during the projection period. In addition, the UAE automotive aftermarket industry will experience substantial growth due to the rising population, rising GDP per capita, and ongoing infrastructure construction for the 2020 World Expo. These factors will further improve demand in the automobile industry.
The Brazil market dominated the LAMEA Automotive Air Filters Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $108.2 Million by 2028. The Argentina market is experiencing a CAGR of 8.5% during (2022 - 2028). Additionally, The UAE market would display a CAGR of 7.4% during (2022 - 2028).
Based on End User, the market is segmented into Original Equipment Manufacturers (OEMs) and Aftermarket. Based on Product, the market is segmented into Cabin Air Filters and Intake Air Filters. Based on Application, the market is segmented into Passenger Cars, Commercial Vehicles and Two Wheelers. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Worldwide Automotive Air Filters Market is Projected to reach USD 5.9 Billion by 2028, at a CAGR of 5.8%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Robert Bosch GmbH, Donaldson Company, Inc., Parker-Hannifin Corporation, Cummins, Inc., Mahle GmbH (Mahle Stiftung GmbH), Freudenberg SE, Valeo SA, Denso Corporation, Hengst SE and K&N Engineering, Inc.
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