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(I-AutoNewsWire.com, September 06, 2019 ) Market Overview • The market valuation of Global Automotive Filters market stood at USD xx million in 2018. • Automotive filters are designed to filter out or remove contaminants such as dust, pollen, and other debris. • Automotive filter aids in increasing the engine life as it helps in trapping dirt and other contaminants that can harm engine parts such as pistons and cylinders.
Market Dynamics • The growth in automotive industry is the key driver for the growth of global automotive filters market. • Increase in the technological developments for automotive filters is responsible for the growth of the industry. • Increase in health concerns among the users coupled with growing pollution rates is likely to have a positive influence on the usage of automotive filters. • Due to stringent regulations laid by the government on carbon emissions and the increase in demand for electric vehicles, the growth of automotive filters market is challenged.
Market segmentation • Based on the filter type, automotive filters market can be classified into fuel filters, oil filters, and air filters. o Fuel filters segment can be further classified into gasoline filters and diesel filters. o Realizing the importance of oil and fuel filtration for longer lifespan of automobiles contributes to the growth of the market. • Based on vehicle type, the market can be classified into two-wheelers, passenger vehicles, light commercial vehicle, and heavy commercial vehicles. o Among them, passenger vehicles segment is expected to contribute to the growth of automotive filters due to rise in consumer disposable income. • Based on the end-user, it is classified into original equipment manufacturers and aftermarket. • By geography, global automotive filters market has been classified into North America, South America, Europe, Asia Pacific, and Rest of the world. o Growth in automobile industry in countries such as India, China, and Japan is likely to propel the growth of market in Asia Pacific region. o Stringent governmental policies regarding vehicular emissions in North America and Europe fuels the growth of the automotive filters market.
Scope of the report • This report covers factors impacting the market, porter five forces, market share analysis, product mapping and company profiles.
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Source: EmailWire.Com
Source: EmailWire.com
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