Lucintel Forecasts Automotive Filter Market to Reach $15.9 Billion by 2024

Market-Research

According to the recent study the automotive filter market is projected to reach an estimated $15.9 billion by 2024, at a CAGR of 2.0% from 2019 to 2024. Growth in this market is primarily driven by recovery in vehicle production and sales, increased miles driven per vehicle, more stringent government and environmental regulations, and increasing focus of vehicle owners on preventive maintenance.

Browse 116 figures / charts and 82 tables in this 182 -page report to understand trends, opportunities and forecast in automotive filter market by product (fuel filter, engine air filter, oil filter, cabin air filter), vehicle type (passenger cars, light commercial vehicles and heavy commercial vehicles), end user (OEM and aftermarket), and region (North America, Europe, Asia Pacific, and the Rest of the World).

Download sample report by clicking on below link https://www.lucintel.com/downloadreportsample.aspx?RepId=RPT2048 and view detailed Table of Content here – https://www.lucintel.com/automotive-filter-market.aspx

“Engine air filter and cabin air filter market is expected to show the above average growth segment during the forecast period.”

Based on product type, the automotive filter market is segmented into fuel filter, engine air filter, oil filter, cabin air filter. Lucintel forecasts that the engine air filter and cabin air filter is expected to witness the average growth segments over the forecast period.

“Within the automotive filter market, the light commercial vehicle segment is expected to remain the highest growing vehicle type”

Based on vehicle type, the light commercial vehicle segment is expected to witness the highest growth over the forecast period.

“Asia Pacific will dominate the automotive filter market in near future”

Asia Pacific is expected to be the largest region over the forecast period due to rising demand and production of vehicles along with increasing average age of vehicles in operation.

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Major players of automotive filter market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Mann+hummel Holding Gmbh, Mahle International Gmbh, Donaldson Company Inc., NGK Insulators Ltd and Parker Hannifan are among the major automotive filter providers.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/automotive-filter-market.aspx or helpdesk@lucintel.com

About Lucintel

At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times. For further information, visit www.lucintel.com

Contact:
Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751
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