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Global Automotive Filters Market Growth Forecast and Trends 2016-2024

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(Free Press Release) Global automotive filters market accounted for USD 5.9 billion in 2015 which is anticipated to reach USD 8.6 billion by 2024.

Global Automotive Filters Market Growth Forecast and Trends 2016-2024


      

According to Goldstein Research, “Rising automotive production and stringent regulatory framework to reduce emission from vehicles are the major factor driving the growth of automotive filters market.” In past few years sales of internal combustion engines have increased dramatically which are equipped with various filters, significantly boosted the sales of automotive filters. Further, global automotive filters market is expected to grow at compound annual growth rate of 4.8% over the forecast period i.e. 2016-2024. The automotive filters market segmentation has been carried out on the basis of products, vehicles and end users. Vehicle segment is further bifurcated into passenger cars, commercial vehicles and two wheelers. Passenger cars segment dominated the global automotive filters market in terms of revenue share as they are averagely equipped with 4 filters and sales of more than 60 million vehicles globally in 2016, pushed the automotive filters market at new highs of all time. In 2016, Asia Pacific region dominated the global market in terms of unit sales. Asia-Pacific automotive filters market was valued USD 1.92 billion in 2016 and is estimated to reach USD 3.2 billion by 2024. China is expected to dominate the automotive filters market followed by India due to large automotive production in these countries.

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Market Segmentation

· By Product Type

o Oil Filter

o Air Filter

o Fuel Filter

o Cabin Air Filter

· By Vehicle Type

o Commercial Vehicles

o Passenger Vehicles

o Two-wheelers

· By End Users

o OEMS's

o Aftermarket

· By Geography

o North America (US, Canada)

o Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe)

o Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa)

o Latin America (Brazil, Mexico and Rest of Latin America)

o Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific)

o Rest of the World

Global Automotive Filters Market Outlook 2024contains detailed overview of the global automotive filters market in terms of market segmentation by product type, by vehicle type and by end users.

Further, for the in-depth analysis, the report on automotive filters market encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis.

Global Automotive Filters Market report also provides competitive outlook of some of the major players which includes profiling of companies such as Toyota Boshoku, Cummins Inc., Freudenberg & Co. KG, Hengst SE & Co. KG, Donaldson Dynamics, Clarcor Inc, ACDelco Inc., Mahle GmbH, Mann+Hummel, ALCO filters, Denso Corporation, Purofil Auto Pvt. Ltd etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments.

Overall, the report represents automotive filter market trends 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 Goldstein Research

Based in the US, Goldstein Research currently has a strong presence in the American and Asian countries. In the next five years, we strive to expand our reach to 50+ nations spanning across Europe, Asia and parts of the Middle East and Africa. We strive to realize a strong brand presence globally through our quality research and forecasting solutions.

Our mission is simple: to develop insightful business solutions, help our clients make powerful future decisions to keep them well ahead of the game which is the market, and leave a mark across businesses and communities through our well-defined ideas and clear cut forecasts. Our analysts working on Automotive Industry Reports helps various tech-giants, tech start-ups and entry players to assess the current and upcoming business scenario. We believe in vigorous examination of the current market scenario and build around creative ideas and approaches that are most suitable to our clients’ needs and business agenda.

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Global Automotive Filters Market Growth Forecast and Trends 2016-2024

Source: Press Release

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