Light Vehicle Cabin AC Filters Market 2022
The global LV cabin AC filters market is anticipated to reach a market Revenue of US$ 4.6 Bn by 2024 end. This represents an incremental opportunity of US$ 1.5 Bn between 2020 and 2024. Global LV Cabin AC Filters Market to Register a CAGR of 5.1% During 2020- 2024; APAC Expected to Account for Significant Market Value Share by 2024 End.
Persistence Market Research delivers key insights into the global LV cabin AC filters market in its latest report titled ‘LV Cabin AC Filters Market: Global Industry Analysis and Forecast, 2016–2024.’ The long-term outlook on the global LV cabin AC filters market remains positive, with market value anticipated to increase at a CAGR of 5.1% during the forecast period 2016 – 2024. Based on the technology type, the particle filter segment is expected to expand at a healthy CAGR in terms of value & volume over the period 2016 – 2024. By sales channel, the independent aftermarket segment is expected to witness a substantial CAGR in terms of volume and value over the forecast period.
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Key Companies-
- Robert Bosch GmbH
- MAHLE GmbH
- Denso Corporation
- Sogefi SpA
- Valeo SA
- Donaldson Company, Inc.
- ACDelco
- Mann+Hummel GmbH
- K&N Engineering, Inc.
- Hengst SE & Co. KG
- ALCO Filters Ltd.
- EuroGIELLE S.r.l.
- Airmatic Filterbau GmbH
- Freudenberg & Co. KG
- Ahlstrom Corporation
- Others.
Global LV Cabin AC Filters Market: Dynamics
Cabin AC filters are the integral part automobiles. With steady rise in light vehicle production, demand for cabin AC filters is expected to increase. Rising demand for automotive cabin AC filters to filter out pollutants and bacteria and provide clean air inside the cabin of the vehicle is anticipated to drive the demand for cabin AC filters. Being an important component of automobile HVAC systems is another factor likely to boost the demand and subsequently growth of cabin AC filters in the global market.
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Global LV Cabin AC Filters Market: Forecast
On the basis of technology type, the particle filters segment is expected to retain its dominance in the global LV cabin AC filters market followed by the very high efficiency filters segment. By sales channel, the independent aftermarket is set to lead the global LV cabin AC filters market, owing to a strong presence of the automobile aftermarket in different geographies.
In terms of region, the APAC LV cabin AC filters market is expected to remain dominant over the forecast period. APAC is estimated to hold over 62.8% share in terms of absolute $ opportunity in the global LV cabin AC filters market over the forecast period. Sales of cabin AC filters in the APAC regional market is expected to witness 1.9X growth by the end of 2024 as compared to that in 2016. Growth of the LV cabin AC filters market in the APAC region is attributed to a steady rise in vehicle production in the region and a subsequent rise in the adoption of automotive cabin AC filters. Europe, followed by North America is expected to be the next attractive region after APAC, in terms of CAGR and market share index in the global LV cabin AC filters market.
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Key Questions Answered in the LV Cabin AC Filters Market Report
How is the LV Cabin AC Filters market expected to grow over the projected period?
What direction is the LV Cabin AC Filters market expected to take in terms of volume and value during the forecast period?
What is the impact of macroeconomic factors on the LV Cabin AC Filters market in future?
What are the key market drivers in the LV Cabin AC Filters market?
What are significant opportunities and improvement areas for LV Cabin AC Filters manufacturers?
What are the key developments and trends taking over the LV Cabin AC Filters market?
Which are the emerging countries that are expected to create significant growth opportunities in the LV Cabin AC Filters market?
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