Global Air Filters Market, By Type (Medium Efficiency, High-Efficiency Particulate Air (HEPA), Low Efficiency, Gas Phase, Intake and Cabin), Filter Media (Intake-Cellulose and Synthetic, Cabin-Particle and Activated Carbon), Application (Heating, Ventilation and Air Condition (HVAC), Bag House, Cleanroom and Gas Turbine), Vehicle Type (Passenger Cars, Light Commercial Vehicles and Heavy Commercial Vehicles), Market Type (Original Equipment Manufacturer and Aftermarket), End Use (Commercial, Residential and Industrial), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia Pacific, South Africa, Saudi Arabia, U.A.E, Israel, Egypt, Rest of Middle East and Africa) Industry Trends and Forecast to 2029
Market Analysis and Insights of Air Filters Market
Data Bridge Market Research analyses that the air filters market would exhibit a CAGR of 5.30% for the forecast period of 2022-2029. Growing number of passengers cars on the roads especially in the developing economies, increased focus towards environmental sustainability goals globally, growth and expansion of automotive industry especially in the developing economies and stringent government norms and regulations in regards to the pollution emission rate control parameters are the major factors attributable to the growth of air filters market. Therefore, the market value would rocket up to USD 22.91 billion by 2029.
From the name itself, it is clear that the air filters are the components used in the four wheeler automobiles to regulate the temperature of the vehicle, improve the ventilation and pass purified air into the vehicle. The air filters are responsible for maintaining a clean environment that results in contributing to the smart and improved performance.
Growth in the level of investments for research and development activities and rising requirement of the cabin comfort mechanism will foster in growth in the market value. Rising demand for components that help to maintain the hygiene level coupled with rising technological innovations in the heating, ventilation and air conditioning systems (HVAC) will also create lucrative growth opportunities for the market. Growth in the consumer familiarity about the collapsing air index mass or air quality and surging acceptance and familiarity for dispensing filtered air will also foster the market growth.
However, lack of technological expertise in the developing and underdeveloped economies and excessive timeline for servicing the equipment will pose a major challenge to the market growth rate. High costs involved with technological innovations and research and development proficiencies and availability of low quality refurbished air filters will hamper the market growth rate. Further, fluctuations in the prices of raw materials, high installation and maintenance costs and unwillingness to exchange air filters will also restrict the scope of growth for the market.
This global air filters market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on air filters market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Air Filters Market Scope and Market Size
The global air filters market is segmented on the basis of type, filter media, application, vehicle type, market type and end use. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of type, the air filters market is segmented into medium efficiency, high-efficiency particulate air (HEPA), low efficiency, gas phase, intake, and cabin.
- On the basis of filter media, the air filters market is bifurcated into intake-cellulose and synthetic, cabin-particle and activated carbon.
- On the basis of application, the air filters market is segmented into heating, ventilation and air condition (HVAC), bag house, cleanroom, and gas turbine.
- On the basis of vehicle type, the air filters market is segregated into passenger cars, light commercial vehicles, and heavy commercial vehicles.
- On the basis of market type, the air filters market is divided into original equipment manufacturer and aftermarket.
- On the basis of end use, the air filters market is fragmented into commercial, residential and industrial.
Air Filters Market Country Level Analysis
The global air filters market is analysed and market size insights and trends are provided by country, type, filter media, application, vehicle type, market type and end use as referenced above.
The countries covered in the air filters market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), South Africa, Saudi Arabia, U.A.E, Israel, Egypt, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominates the air filters market and will continue to flourish its trend of dominance during the forecast period owing to the increasing adoption of preventive measures to curb the problem of air pollution in the region. Asia-Pacific will however, score the highest growth rate owing to the growing adoption of highly advanced technologies, strong demand of automotive air filters in India, China, South Korea and Japan, increasing research and development activities, growth and expansion of automotive sector in this region and rising personal disposable income.
The country section of the air filters market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
Competitive Landscape and Air Filters Market Share Analysis
The air filters market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to air filters market.
Some of the major players operating in the air filters market are DENSO-Holding GmbH & Co. KG, MANN+HUMMEL, ANAND Group, Sogefi SpA, Donaldson Company, Inc., Ahlstrom-Munksjö, General Motors, Hengst SE, Cummins Filtration, Camfil, Freudenberg Filtration Technologies SE & Co. KG, Koch Filter, American Air Filter Company, Inc., DuPont, DAIKIN INDUSTRIES, Ltd., PURAFIL, INC., SPX CORPORATION., Absolent Air Care Group AB (publ), Lydall Gutsche GmbH & Co. KG and Fildex Filters Canada among others.
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