A recent report published by Infinium Global Research on the automotive engine air filter market provides an in-depth analysis of segments and
sub-segments in the global as well as regional automotive engine air filter
market. The study also highlights the impact of drivers, restraints, and macro
indicators on the global and regional automotive engine air filter market over
the short term as well as long term. The report is a comprehensive presentation
of trends, forecast, and dollar values of the global automotive engine air filter
market. According to the report, the global automotive engine air filter market
is projected to grow at a CAGR of 2.4% over the forecast period of 2020-2026.
Automotive engine air filter are used to prevent dirt, dust, and
other environmental contaminants from getting into the engine. Additionally, it
protects the operation of the combustion system and also positively affects the
fuel efficiency of the car. Engine air filters are available in the market with
lots of different shapes and sizes. It is one of the vital components of
automobile production. There are different types of engine air filter available
in the market which includes gauze filter, paper/cellulose filter, and many
others. Paper air filters are the most commonly used type in the automotive
industry owing to its affordable price.
The adoption of automotive component that enhances the
fuel-efficiency of the passenger and commercial vehicles is expected to have a
positive impact on the growth of the automotive engine air filter market.
Additionally, increasing awareness about the hazards of the emission among the
people has enhanced market growth. Besides this, the introduction of stringent
rules and regulations by the government’s organizations and regulatory bodies,
related to vehicle emission is another major factor drives the growth of the
automotive engine air filter market over the forecast period. For instance,
BS-VI emission regulation is anticipated to implement by the year 2020 in
India.
Furthermore, the frequent replacement of engine air filter, as the
vehicles cover the more kilometers is creating significant opportunities for
the OEM and aftermarket players. Players operating in the automotive engine air
filter market is focusing on the new filtration technologies to improve engine
performance, particle-removal efficiency, and minimize the airflow restriction
is expected to create growth opportunities for the market in the coming years.
Currently, the automotive industry is facing unprecedented
uncertainty owing to the ongoing COVID-19 outbreak. The uncertainty surrounding
the pandemic across the globe and enforcing lockdowns and restricting trade
activities is expected to have a negative impact on the consumer buying power,
subsequently, demand for an automotive vehicle is anticipated to decline
particularly in 2020. This, in turn, the growth of the automotive engine air
filter is declining. On the other side, the increasing production of electric
vehicles is likely to restraints the automotive engine air filter market over
the forecast period
Among the regions, the Asia Pacific is accounted for the largest
market share in the automotive engine air filter market. The growth of the Asia
Pacific region is driven by the increasing demand for passenger and commercial
vehicles from countries such as China, India, Japan, Indonesia. Low labour
wages and favorable government norms to promote FDI are some factors that have
a positive impact on foreign automobile manufacturing companies invest in the
Asia Pacific region. Presences of leading players, stringent government
regulation to reduce carbon emissions, and high disposable income are some
major factors escalating the demand of the North America automotive engine air
filter market over the forecast period.
The report on the global automotive engine air filter market covers
segments such as vehicle type, sales channel, and material type. On the basis
of vehicle type, the sub-markets include commercial vehicle, and passenger vehicle.
On the basis of the sales channel, the sub-markets include aftermarket, and OEM. On
the basis of material type, the sub-markets include paper, cotton gauze, foam
(polyurethane), and other material types.
The report provides profiles of the companies in the market such
as A.L. Filter Ltd., ALCO Filter, Baldwin Filtering Medium, Cummins, DENSO
Corporation, Donaldson Company, Inc., Fildex Filter Canada Corp, filtrak brandt
gmbh, K&N Engineering, Inc, and MAHLE International GmbH.
The report provides deep insights into the demand forecasts,
market trends, and micro and macro indicators. In addition, this report
provides insights into the factors that are driving and restraining the growth
in this market. Moreover, The IGR-Growth Matrix analysis given in the report
brings an insight into the investment areas that existing or new market players
can consider. The report provides insights into the market using analytical
tools such as Porter's five forces analysis and DRO analysis of the automotive
engine air filter market. Moreover, the study highlights current market trends
and provides forecast from 2020-2026. We also have highlighted future trends in
the market that will affect the demand during the forecast period. Moreover,
the competitive analysis given in each regional market brings an insight into
the market share of the leading players.