San Francisco, April 27, 2016 (GLOBE NEWSWIRE) -- According to the new research report, the global air filter market is expected to grow at a compound annual growth rate (CAGR) of over 6% over the forecast period (from 2016 to 2020).
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The main reason for the growth of the air filter market is the development of the automobile industry as well as the evolution of latest hi-tech automobile engines. The main function of an air filter in an engine is filtering the incoming air; which helps prevent any engine damages occurred due to foreign particles. The demand for highly efficient engines has increased due to some strict emission norms.
This will force automobile manufacturers to develop more efficient engine air filters, which will result in the growth of the air filter market during the forecast period. Another major market growth driving factor is the rising demand from the Asia-Pacific (APAC) region. The construction of new flat panel display, semiconductor, and other electronics production facilities augment the air filters demand in the APAC region. Moreover, the global market for air filter has been experiencing the rise in partnerships. However, the threat of strong competition poses a challenge for the market growth.
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This research report on air filter market is based on a detailed analysis of the global air filter market along with some inputs from the industry experts. The report covers the regional markets of the Middle East & Africa, East Asia, West Asia, North America, Eastern Europe, Western Europe, and South America. It also includes the global market landscape along with the market growth prospects in the next few years. In addition, it also includes detailed information about the key market vendors.
The key players dominating the air filter market are Camfil AB, American Air Filter Company Inc., Donaldson Company Inc., and Clarcor Inc. Other market players include Filtration Systems Products Inc., Cummins Inc., Filtrauto S.A., Mann Hummel GmbH., and Flanders Corp.
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Table of Content
01. Executive Summary
- List of Abbreviations
- Scope of the Report
03.1 Market Overview
03.2 Product Offerings
- Market Research Methodology
04.1 Market Research Process
04.2 Research Methodology
- Market Landscape
06.1 Market Size and Forecast
06.2 Five Forces Analysis
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