CHICAGO, August 17, 2015 /PRNewswire/ --
The report "Air Filter Market by Type (Intake & Cabin), Filter Media (Intake-Cellulose & Synthetic, Cabin-Particle & Activated Carbon), Vehicle Type (Passenger Car, LCV, HCV, & Off- Highway), Market (OE & Aftermarket), & by Region - Global Forecast to 2020", published by MarketsandMarkets, The global OEM automotive Air Filters Market is projected to grow at a CAGR of 6.87% from 2015 to 2020 to reach USD 873.9 Million by 2020.
Browse 77 Tables and 66 Figures spread through 190 Pages and in-depth TOC on "Air Filters Market"
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The market report classifies and defines the automotive Air Filters Market, in terms of value and volume. The report highlights potential growth opportunities for the market in coming years, and includes a review of market drivers, restraints, opportunities, challenges, competitive landscape, and other key aspects related to the automotive Air Filters Market.
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Asia-Oceania: Leading the market for automotive air filters
Key countries in the Asia-Oceania region include China, Japan, India, and South Korea. This region is estimated to be the largest market for air filters in 2015, as it is the largest producer of automobiles in the world. According to the study, Asia-Oceania is projected to hold the largest share by 2020, leading the global automotive Air Filters Market. China is estimated to be the largest contributor to the regional market. Vehicle production in China increased by 7.3% in 2014 from the previous year. This remarkable growth enables the company to maintain its leading position and drives the market for air filters.
Apart from China, growing economies such as India and Indonesia contribute to the growth of the automotive industry in Asia-Oceania. The automotive industry in India has grown rapidly in the past few years. This growth can be attributed to the improved standards of living and increased disposable income of the public. The automotive Air Filters Market in India is projected to grow at the highest CAGR from 2015 to 2020. Several leading air filter manufacturers, such as Mann+Hummel Gmbh (Germany), Mahle Gmbh (Germany), and Donaldson Company Inc. (U.S.), has expanded in this region to cater to the growing demand for air filters.
This report provides the market size of air filters, in terms of both, volume and value. The market size, in terms of value, from 2013 to 2020 is provided in USD million, whereas the market size, in terms of volume, for the same period is provided in thousand units ('000 Units). The report also contains a regional analysis of automotive air filters, focusing on the key countries of Asia-Oceania, Europe, North America, and RoW (rest of the world)
The report also provides a PEST analysis, Porter's Five Forces analysis, competitive landscape, and analysis of the value chain. It includes an overview of the market and covers the technical aspects of air filters. Additionally, 10 key players in the automotive Air Filters Market have been profiled.
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