SAN FRANCISCO, August 2, 2016 /PRNewswire/ --
The global automotive air filters market is expected to reach USD 8.62 billion by 2024, according to a new report by Grand View Research, Inc. Rising disposable income coupled with the growth of global automobile industry and stringent emission norms is expected to drive the market growth over the next eight years.
(Logo: http://photos.prnewswire.com/prnh/20150105/723757 )
The global automotive air filters market is estimated to witness a high growth owing to rising automobile production along with rapid industrialization and urbanization. Stringent emission control regulations are expected to foster the market growth.
Growing disposable income in developing regions such as Asia Pacific and the Middle East is presumed to drive the growth. Economies such as India and China are projected to have brisk growth and lead their regional market. Volatile raw materials cost is presumed to hamper the industry growth. The increase in electric vehicles production is also estimated to hinder the market growth shortly.
Favorable regulation such as EU and EEA member states emission standards which include Euro VI petrol and diesel norms. This norm is to govern light and commercial passenger vehicles emissions and is anticipated to have a positive impact on automotive air filters demand in engine components.
Browse full research report with TOC on "Automotive Air Filters Market Analysis By Product (Intake And Cabin), By Application (Passenger Car, Light & Heavy Commercial Vehicle), By End-Use (OEM, Aftermarket) And Segment Forecasts To 2024" at: http://www.grandviewresearch.com/industry-analysis/automotive-air-filters-market
Further key findings from the report suggest:
Request for sample of this research report: http://www.grandviewresearch.com/industry-analysis/automotive-air-filters-market/request
Grand View Research has segmented the global automotive Air filters market on the basis of product, application, end-use and region:
Browse related reports by Grand View Research:
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
Read Our Blogs - legalworkshop.org , grandviewresearch.com/blogs/technology
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com
Share this article