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  • Global Automotive Filters Market Expected to be driven by Growing Need for Better Fuel Efficiency 2017 – 2025

    (, March 13, 2018 ) It has been well-recognized that air filters actually act like an engine's lungs, filtering the dust and dirt from the air to keep it from affecting the performance of the engine. The flourishing automotive industry has been the precise reason for the growth of the global automotive filters market. Market Research Hub (MRH) has freshly announced the addition of a study titled "Automotive Filters Market - Global Industry Analysis, size, share, Growth, trends, and Forecast 2017 -2025" to its wide repository, which offers a holistic perspective on market's evolution until the end of 2025.

    For a better understanding, the report presents detailed revenue estimations of the global automotive filters market along with insights on the factors anticipated to impact market revenue growth during the study period. Insights on trends prevailing the market as well as opportunities available for manufacturers and suppliers of automotive filters are highlighted in this report.

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    This 266-page study reveals insight into the crucial aspects of the global market important segments, competitive landscape and geographical overview. On the basis of geography, the market has been segmented into six regions: North America, Latin America, Europe, Asia Pacific and MEA. Apart from that, the market has been analyzed on the basis of filter type, vehicle type and end-use.

    Major Highlights

    - As per the active research evaluations, the global automotive filters market is expected to be worth US$6.83 bn by the end of 2025 from US$4.14 bn in 2016. During the forecast period of 2017 and 2025, the global market is expected to surge at a CAGR of 3.24% in terms of revenue.
    - It has been analyzed that, as the levels of pollutions continue to rise across the globe, the market for automotive filters will grow significantly. Further, the growth of automotive filter market can be accredited to the rapidly changing automotive industry supplemented by constant expansion of commercial vehicle fleet size, swelling passenger car sales as well as a rise in purchasing power of consumers.

    - Another positive fact about the market is that sterner regulation that will shape the automobile market. Also, companies operating in the global automotive filters market are anticipated to invest heavily in their research and development to come up with advanced automotive filters. This, in turn, will force the overall market for automotive filters.
    - In terms of geography, the largest share of the global automotive filters market was acquired by the Asia Pacific in 2016. The emerging countries of Asia Pacific are expected to record the highest growth rate during the forecast period. Higher uptake of passenger vehicles drives this regional market growth.

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    Later, the authors of the report have decoratively profiled the key players in order to provide a sound understanding of how the competitive landscape could shape in the near future. This section presents details of companies operating in the Automotive Filters market. Some of them are Sogefi SpA (Italy), MAHLE GmbH (Germany), Luman Automotive Systems Pvt. Ltd. (India), A.L. Filter (Israel), Robert Bosch GmbH (Germany), North American Filter Corporation (U.S.), K&N Engineering, Inc. (U.S.), Filtrak BrandT GmbH (Germany), and Siam Filter Products Ltd., Part. (Thailand).

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    About Market Research Hub

    Market Research Hub (MRH) is a next-generation reseller of research reports and analysis. MRH's expansive collection of market research reports has been carefully curated to help key personnel and decision makers across industry verticals to clearly visualize their operating environment and take strategic steps.

    MRH functions as an integrated platform for the following products and services: Objective and sound market forecasts, qualitative and quantitative analysis, incisive insight into defining industry trends, and market share estimates. Our reputation lies in delivering value and world-class capabilities to our clients.

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