Pune, Nov. 27, 2020 (GLOBE NEWSWIRE) — The global automotive air filters market is set to gain traction from the increasing adoption of flexible, clean, and advanced engines. This is mainly occurring because of the imposition of stringent emission laws by regulatory bodies. This information is given by Fortune Business Insights™ in a new report, titled, “Automotive Air Filters Market Size, Share & COVID-19 Impact Analysis, By Vehicle Type (Passenger Car, Light Commercial Vehicle, and Heavy Commercial Vehicle), By Product (Air Intake Filters and Cabin Air Filters), By End-User (OEM and Aftermarket), and Regional Forecasts, 2020-2027.” The report further states that the market size was USD 5.08 billion in 2020 and is projected to reach USD 5.49 billion by 2027, exhibiting a CAGR of 1.1% during the forecast period.
COVID-19 Pandemic: Declining Sales of Automotive to Obstruct Growth
The outbreak of the COVID-19 pandemic has taken a huge toll on the automotive industry across the globe. It has compelled various automakers to shut down their production processes. A decline in the sales and production of vehicles is likely to hamper the demand for these air filters amid this pandemic. Our extensively researched reports would help you choose the right strategy to come out of this grave situation.
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Drivers & Restraints
Increasing Usage of Synthetic Media to Augment Growth
Automotive air filters are mainly made up of cellulose media that are very expensive. The ongoing technological advancements in the field of air filters have given rise to the production of synthetic media. It is gaining immense popularity nowadays because of its ability to improve airflow and enhance its overall performance. At the same time, it is less sensitive to water. Hence, the usage of synthetic media would aid in increasing fuel efficiency. It is set to boost the demand for air filters. However, the increasing inclination of consumers towards electric vehicles (EVs) may hamper the automotive air filters market growth in the near future.
Air Intake Filters Segment to Generate Highest Share Owing to Requirement of Regular Maintenance of Engines
Based on the product, the air intake filters segment earned 79.1% …
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