Global Automotive Filters Market to Reach USD 12.1 Bn till 2023, Expects Stratistics MRC in Its New Report Now Available at MarketPublishers.com16 Oct 2017 • by Natalie Aster
LONDON - As of 2016, the world’s automotive filters market was evaluated at nearly USD 6.42 billion. By 2023, it is predicted to show robust growth at a significant CAGR of 9.4% to outline the USD 12.1 billion mark. The main market growth encouraging factors comprise rising vehicle production, higher replacement rate, escalating number of vehicular outflow directions, to name a few. At the same time, increasing adoption of electric vehicles is likely to restrain growth of the global automotive filters market in the nearest future.
Globally, APAC grabs the biggest share of the world’s automotive filters market. this regional market is likely to witness uptake at the highest CAGR worldwide through 2023. Growth in the APAC automotive filters market is spurred by the booming automobile industry and rising production of passenger vehicles in China, Japan and India.
The dominant participants in the field comprise Robert Bosch GmbH, FRAM Group IP LLC, Hengst SE & Co. KG, MAHLE GmbH, K&N Engineering Inc., Champion Laboratories, Mann Hummel GmbH, Denso Corporation, to name only a few.
Insightful research report “Automotive Filters - Global Market Outlook (2017-2023)” elaborated by Stratistics MRC has been recently uploaded at MarketPublishers.com. This unrivalled report provides a comprehensive assessment of the market structure, performance and trends at different geographical scales. It also offers vital details on the market segments, shares, size and growth rates; reviews the key market participants and discusses major competitive pressures, offers valuable strategic recommendations. This topical stud delves deep into the market dynamics, focusing on the main market growth drivers, restraints, threats, and emerging opportunities. Additionally, the publication includes a snapshot of the latest technological advancements and industry developments, and also presents a granular future outlook for the global market until.
Many other research reports issued by this company can be found at its page at MarketPublishers.com.