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“Global Automotive AC Filter Market” is estimated to be valued at US$ X.X Bn in 2019, and is projected to grow at a CAGR of X.X % over the 10-year forecast period. The report includes details regarding factors responsible for market growth and for hampering market growth. The global automotive AC filter market report has been segmented on the basis of filter type, vehicle type, sales channel, and region.
Request Covid - 19 ImpactAutomotive AC Filters: Overview Automotive AC filter is an important part of automobile and is mostly located behind glove compartment, under dashboard, or under the hood on most modern vehicles. Its main purpose is to filter the air that comes from the HVAC system of the car in order to prevent pollutants such as pollen, dust, mold spores, smog, etc. from entering inside the vehicle. The filters also catch rodent droppings, leaves, and other unwanted debris. Market Dynamics Increasing adoption of vehicles along with AC system which requires air filters across the globe is a prominent factor expected to drive growth of the global automotive AC filter market over the 10-year period. In addition, growing environmental friendly norms and rising demand for AC filters by various manufacturers in order to minimize emission of harmful gases and other contaminants, which in turn expected to further fuel market growth. Furthermore, technological advancements in filtration technologies in automotive industry and aftersales market is another factor expected to propel growth of this market in the near future. Moreover, stringent government norms across various countries associated with CO2 emissions is another factor expected to boost growth of the global market over the 10-years forecast period. For instance, the California legislature has passed a bill, imposing extensive carbon dioxide emission control laws. These laws require reduction of approximately 25% CO2 emissions in the state by end of 2020. However, fluctuating raw material prices is a key factor expected to restrain growth of the global market over the next 10 years. Rapidly growing industrialization among developing countries such as China and India, increasing demand and sales of passenger cars, owing to increasing disposable income are expected to create potential opportunities for companies or manufacturers operating in the market. Analysis by Segment By Filter Type: Among the filter type segments, the particulate filter type segment is projected to witness significant share in terms of revenue over the next 10-year period. By Vehicle Type: Among the vehicle type segments, the passenger car vehicle type segment is expected to account for highest market share, owing to increasing demand for passenger vehicles across the globe. By Sales Channel: Among the sales channel segments, the OEM sales channel segment is expected to register significant growth rate over the 10-years forecast period, owing to increasing focus of various OEMs to provide in-built AC filter in their automobiles. Analysis by Region The North America market is expected to account for highest revenue share, owing to stringent regulations by government regarding emissions across various countries in this region. In addition, the market in Europe is expected to register significant growth over the forecast period, owing to increasing demand for automotive AC filters, especially in passenger cars and government concern towards CO2 emission among various countries in this region. Moreover, the APAC market is expected to witness significant revenue growth rate over the 10-years forecast period, owing to growing automotive industry and rising adoption of automotive AC filters across various passenger cars and commercial vehicles in various countries in this region. Additionally, increasing demand for automotive vehicles such as passenger cars and commercial cars in Asia Pacific is expected to provide growth opportunities to numerous local and international automotive AC filter vendors in the automotive sector.
Global Automotive AC Filter Market Segmentation:Segmentation by Filter Type: Particulate Charcoal Electrostatic Segmentation by Vehicle Type: Passenger Car Heavy & Light Commercial Vehicle Segmentation by Sales Channel: OEM Aftermarket
Table of Contents Chapter 1. Methodology and Scope 1.1. Research Methodology 1.2. Research Scope & Assumptions 1.3. List of Data SourcesChapter 2. Executive SummaryChapter 3. Global Automotive AC Filter Market Outlook 3.1. Market Segmentation 3.2. Market Size and Growth Prospects, 2016 - 2027 3.3. Value Chain Analysis 3.4. Market Dynamics 3.4.1. Market driver analysis 3.4.2. Market restraint analysis | read more...