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Global Automotive Cabin AC Filter Market Estimated to be Valued at
US$ 2,198.4 Mn by 2016; APAC Market to Register Value CAGR of
10.5% Between 2016 and 2024
A new Persistence Market Research report titled “Automotive Cabin AC Filter
Market: Global Industry Analysis and Forecast, 2016–2024” presents market
projections for the global automotive cabin AC filter market over an eight-year
forecast period (2016–2024). The global automotive cabin AC filter market is
estimated to be valued at US$ 2,198.4 Mn by the end of 2016 and is expected to
reach US$ 3,738.2 Mn by the end of 2024, expanding at a CAGR of 6.9% over the
forecast period. Global consumption of automotive cabin AC filters is estimated to be
pegged at 366,547 thousand units by the end of 2016 and is expected to increase at a
CAGR of 4.9% over the forecast period.
Market dynamics
Demand for automotive cabin AC filters is expected to increase at a significant rate
due to steady rise in vehicle production around the globe. Rising adoption of
automotive cabin AC filters to filter pollutants and dust particles and a rising demand
for efficient HVAC systems are major factors expected to drive the demand for
automotive cabin AC filters worldwide. Cabin AC filters are an integral part of the
HVAC system in vehicles. However, many vehicle owners are not aware that this
system exists in a vehicle, and hence they are unaware about the replacement cycle of
the cabin AC filter. This factor is expected to marginally restrain the growth of the
automotive cabin AC filter market over the forecast period.
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Market highlights
The global automotive cabin AC filter market is segmented on the basis of filter type
(electrostatic, particulate, charcoal), vehicle type (passenger cars, LCV, HCV), and
sales channel (OEM, aftermarket). Persistence Market Research projections indicate
that the particulate filter type segment is likely to expand at a significant CAGR of
6.2% in terms of value over the forecast period. The electrostatic filter type segment
is expected to register a volume CAGR of 7.1% over the forecast period. “The
electrostatic segment is likely to exhibit steady growth in the near future due to the
rising adoption of cabin AC air filters in the OEM and aftermarket categories in
countries such as China, India, Brazil, and countries of MEA.” --- Analyst,
Persistence Market Research.
The passenger car vehicle type segment is estimated to account for the largest market
share of 76.3% by the end of 2016. This segment estimated to be valued at US$
1,677.0 Mn by 2016 end and is expected to reach US$ 2,913.6 Mn by the end of
2024, expanding at a CAGR of 7.1% over the forecast period. The segment is
expected to grow 1.7X in terms of value between 2016 and 2024.
The OEM sales channel segment is expected to expand at a CAGR of 5.6% over the
forecast period while the aftermarket sales channel segment is expected to be the
most attractive segment in terms of CAGR and market share index throughout the
forecast period.
Among regions, the market in Asia Pacific is expected to witness a relatively high
CAGR of 10.5% in terms of value over the forecast period. North America and
Europe are expected to contribute significant value share to the global automotive
cabin AC filter market throughout the forecast period. The market for cabin AC filters
is mature in Europe and North America as almost all the passenger cars are equipped
with cabin AC filters.
A sample of this report is available upon request @
http://www.persistencemarketresearch.com/samples/11359
Vendor details
The report profiles some of the leading market players in the global automotive cabin
AC filter market – Mann+Hummel GmbH, Sogefi SpA, Donaldson Company, Inc.,
Robert Bosch GmbH, Denso Corporation, Ahlstrom Corporation, MAHLE GmbH,
Freudenberg & Co. KG, Hengst SE & Co. KG, ALCO Filters Ltd., K&N
Engineering, Inc., EuroGIELLE S.r.l, ACDelco, and Airmatic Filterbau GmbH.
Browse Complete Report @ http://www.persistencemarketresearch.com/marketresearch/automotive-cabin-ac-filter-market.asp
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