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Automotive Air Filters Market to exceed $7bn by 2022
Favorable awareness programs by CCC and EPA for proper vehicle ventilation & filtration systems should support automotive air filters market growth. Ocean View, Delaware, May 09, 2017 (GLOBE NEWSWIRE) --Automotive Air Filters Market size is slated to reach USD 7 billion by 2022; according to a new research report by Global Market Insights, Inc. Increase in passenger car production along with rise of two wheelers demand mainly in BRICS nations should boost automotive air filters market size. Latin America, driven by automotive air filters market size in Brazil, should witness gains at over 8%. https://www.gminsights.com/industry-analysis/automotive-glass-marketAutomotive Switch Market Size 2017 – 2024Automotive Switch Market size was valued at over USD 25 billion in 2016, with the global shipments growing at around 5% CAGR estimation from 2017 to 2024. Global automotive air filters market is fragmented, Ahlstrom Corporation, Cummins, Mann+Hummel, and Denso Corporation, Toyota Boshoku, Mahle, Ac Delco, Clarcor, Affinia Group and Valeo remain major players.
Benefits like improved engine efficiency and engine downsizing accredited the growth of the global automotive VGT market. The global automotive VGT market is expected to reach 92.55 million units by 2021. The increasing emission regulations for automobiles worldwide is also one of the factors for improved sales in the automotive VGT market. The research study covers the present scenario and growth prospects of the global automotive (VGT) market for 2017-2021. LONDON--(BUSINESS WIRE)--Technavio analysts forecast the global automotive variable geometry turbocharger (VGT) market to grow at a CAGR of more than 21% during the forecast period, according to their latest report.
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