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PORTLAND, ORAGON, UNITED STATES, August 8, 2022 /EINPresswire.com/ -- According to a recent report published by Allied Market Research, titled, Automotive Filter Market by Filter Type, Application, and Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2017-2024, the global automotive filter market was valued at $22,024.8 million in 2017, and is projected to reach at $28,791.0 million by 2024, growing at a CAGR of 3.9% from 2018 to 2024.
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Robert Bosch GmbH MANN+HUMMEL International GmbH & Co. KG MAHLE GmbH Sogefi S.p.A DENSO Corporation General Motors Company (ACDelco, Inc.) Hengst SE K&N Engineering, Inc Toyota Boshoku Corporation Valeo SA
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An automotive filter helps the engine of a vehicle to operate in a smooth manner, thus extending the service of the vehicle. The key function of the filter is to block solid dirt particles such as dust, pollens, and other unwanted air particles from entering into the carburetor and engine. This minimizes the air pollutants emitted by vehicles, reduces the maintenance cost, and improves the vehicle life. The government has laid stringent emission laws for the vehicles, which emit hazardous gases such as hydrocarbons (HC), nitrogen oxide (NOx), carbon monoxide (CO), and others. For instance, the Environmental Protection Agency (EPA) in the U.S. has amended standards such as national program for greenhouse gas emissions (GHG) and fuel economy standards for light-duty vehicles (passenger cars and trucks).
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The report includes a micro-level study of different regions adopting automotive filter for various applications. In addition, it discusses the potential opportunities for market players to enter the market. Moreover, it provides an in-depth market analysis of automotive filter outlining current trends, key driving factors, and potential areas for product investments.
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Key Findings of the Automotive Filter Market: Based on filter type, the engine oil filter segment is anticipated to dominate the global automotive filter market, in terms of revenue. However, based on application, passenger car dominated the market in 2017. In 2017, the aftermarket segment accounted for the highest revenue. Asia-Pacific held the majority of market share in 2017. LAMEA is anticipated to exhibit the highest CAGR during the forecast period.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. AMR provides global enterprises as well as medium and small businesses with unmatched quality of ""Market Research Reports"" and ""Business Intelligence Solutions."" AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
AMR introduces its online premium subscription-based library Avenue, designed specifically to offer cost-effective, one-stop solution for enterprises, investors, and universities. With Avenue, subscribers can avail an entire repository of reports on more than 2,000 niche industries and more than 12,000 company profiles. Moreover, users can get an online access to quantitative and qualitative data in PDF and Excel formats along with analyst support, customization, and updated versions of reports.
Similar Research Report:- Automotive Intercooler Market: https://www.alliedmarketresearch.com/automotive-intercooler-market-A11359
David Correa Allied Analytics LLP 800-792-5285 email us here Visit us on social media: Facebook Twitter LinkedIn
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