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Monday May 18, 2015
Monday May 18, 2015
Global automotive air filters market is expected to reach USD 6.10 billion by 2020, according to a new study by Grand View Research, Inc. Growing demand from the automotive industry, particularly in BRIC nations, on account of increasing disposable income and growing industrialization rate is expected to remain a key driving factor for the market. Rising consumer awareness regarding health disorders caused due to contaminated air in the car cabin is also expected to have a positive influence on market growth. Environmental hazards related to combustion engine vehicles have led to the growth of electric vehicles, which contributes negligible emissions but also requires less maintenance of the engine. Growth of electric vehicle industry is expected to challenge automotive air filter demand over the forecast period.
Cabin filters dominated the global automotive air filters product segment and accounted for 51.3% of total market revenue in 2013. Cabin filters are also expected to be the fastest growing product segment, at an estimated CAGR of 8.5% from 2014 to 2020. Consumer shift towards reducing bad odor and minimizing health disorders caused due to air pollutants inside the vehicles is expected to fuel demand for cabin air filters over the forecast period.
To request a sample copy or view summary of this report, click the link below:
http://www.grandviewresearch.com/industry-analysis/automotive-air-filters-market
For More Information visit - http://www.grandviewresearch.com/
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