LV Cabin AC Filters Market to Record a CAGR of 5.1% by 2024

(Newswire.net — August 2, 2017) New York City, New York — The report titled as LV Cabin AC Filters Market: Global Industry Analysis and Forecast, 2016–2024 provides insights in the long run global LV cabin AC filters market, which is expected to remain positive, with market value estimated to increase at CAGR of 5.1%. With reference to technology type, Particle filters segment is projected to expand energetic CAGR in terms of value and the volume through 2016-2024.

By referring to sales channels the Independent type segment is expected to record significant CAGR in terms of volume and value through the forecast period. Sales figures denote the LV cabin AC filters in the global market were estimated at nearly US$ 3,132.5 million in 2016 end and subsequently estimate Y-o-Y growth of about 4.1% for the year.2015. The European and APAC market were individually estimated to account for more than 60% value share which is more than 60% of Global LV cabin AC filters market in 2016 end.The global LV cabin AC filter market is expected to be valued at US$ 4,699.9 million by 2024. These recordings denote opportunity for augmentation of US$ 1,523.5 million through 2016 to 2024. 

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Global LV Cabin AC Filters Market: Dynamics

When it comes to purified inhalation while roaming the road under dynamic atmospheric and weather conditions, the AC and its component filters became an integral part of the car cabin ventilation system.

Due to a more direct approach of car production companies towards cost reduction to break the competition and grab revenue by increasing sell units, all car segments will fortunately provide air conditioning systems, even in the lower car segments. Accordingly, due to an exponential rise in light vehicle production, AC filters demand is projected to be elevating. The AC filter acts as a barrier between incoming air with medium of High particulate efficiency system. It requires frequent replacement while servicing the vehicles when the filter gets clogged which is the next factor likely to boost demand and global market growth of Cabin AC filters.  

Global LV Cabin AC Filters Market: Forecast

On Technology type basis, the Particle filters segment is assumed to retain its leading position in this segment, which will be followed by Very high efficiency filters segment. According to the sales channel perspective, the Independent aftermarket is found exponentially leading the global LV cabin AC filters market over the forecast period. Asia Pacific region is expectedly found dominant over the forecast period. In terms of absolute $ opportunity in the global LV cabin AC filters market, APAC is expected to lead over the forecast period. As compared to 2016, sales of cabin AC filters are expected to witness 1.9% growth by the end of 2024. However, the growth curve will point towards a steady rise in APAC region for vehicle manufacturing and exponential raise in automotive cabin AC filter adoption. European and North American region will subsequently be the next attractions after APAC, in terms of market share index and CAGR in the global LV cabin AC filters market.   

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Global LV Cabin AC Filters Market: Competitive Landscape

Some of the companies profiled in the global LV cabin AC filters market report are Sogefi SpA, Mann+Hummel GmbH, Robert Bosch GmbH, MAHLE GmbH, Hengst SE & Co., KG, Donaldson Company, Inc., EuroGIELLE S.r.l, Filterbau GmbH, K&N Engineering, Inc., Airmatic,Denso Corporation, Valeo SA, Freudenberg & Co. KG, ACDelco, Ahlstrom Corporation, and ALCO Filters Ltd.