North America Automotive Air Filter Market to Climb to USD 1.6 Bn by 2024, Expects Grand View Research in Its Report Available at MarketPublishers.com
25 May 2017 • by Natalie Aster
LONDON – The North American market for automotive air filters is poised to rise to USD 1.6 billion through 2024, driven by a bunch of favourable factors like constantly rising automotive sales, increasing adoption of air filters, surging awareness of the periodic maintenance, strict governmental guidelines regarding vehicle owners, Clean Air Act implementation, and presence of strong OEMs in the region, to name only a few. The regional automotive air filter market is anticipated to grow, registering an 8.8% CAGR during 2017-2024.
Despite the falling passenger cars sales in the USA and Canada, the presence of a great number vehicles on the roads in these countries is set to maintain the demand for automotive air filters in the years ahead. Besides, the escalating number of commercial vehicles is predicted to give a boost to the regional market growth. Yet, the market growth could be hindered by the remarkable upturn in electric cars.
Prepared by Grand View Research, the topical report “North America Automotive Air Filter Market Analysis By Product, By Application, By End-Use And Segment Forecasts, 2014 – 2024” provides reliable information on the North American market for automotive air filters, offers data on the market segmentation, highlights the market dynamics, reviews the major market growth drivers, challenges and restraints, discusses the ongoing and emerging development trends, and identifies the most lucrative opportunities. This report explores the competitive environment, identifies the top market participants, covers the burning issues, etc. Additionally, granular future forecasts for the marketplace through 2025 are available in the research study.
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