According to a new report, published by KBV research, The Global Automotive Air Filters Market size is expected to reach $5.9 billion by 2028, rising at a market growth of 5.8% CAGR during the forecast period.
The Aftermarket segment is showcasing a CAGR of 8.1% during (2022 - 2028). This is because automotive interiors require replacement, repair, and maintenance. The majority of aftermarket product demand was for passenger cars and light commercial vehicles due to shifting consumer tastes toward greater vehicle comfort and fuel efficiency. In addition, buyers are placing a greater emphasis on affordable luxury; consequently, producers in the aftermarket are developing new filtration system advancements.
The Cabin Air Filters segment acquired maximum revenue share in the Global Automotive Air Filters Market by Product in 2021 thereby, achieving a market value of $3.4 billion by 2028. Its capacity to prevent contaminants like dirt, exhaust gases, pollen, dust, and bacteria from entering the car's HVAC system explains the market segment's expansion. Also, these solutions stop systems from becoming clogged by leaves, bugs, and other detritus. The filters play a key role in ensuring that fresh air is brought into the car's cabin, which keeps it comfortable.
The Two Wheelers segment has shown the growth rate of 6.9% during (2022 - 2028). The revenues of air filters for two-wheeled vehicles are anticipated to be fueled by robust production in certain locations. Standard filters for non-racing two-wheelers and high-performance filters for racing two-wheelers are the predominant filter types in the marketplace. These high-performance filters are manufactured from carbon fiber and other materials. The firms produce cutting-edge goods with a larger filtering area, more retention, and enhanced screening, consequently improving engine flow.
The Asia Pacific market dominated the Global Automotive Air Filters Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $2.5 billion by 2028. The Europe market is exhibiting a CAGR of 5.1% during (2022 - 2028). Additionally, The North America market would display a CAGR of 5.5% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/automotive-air-filters-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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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