DUBLIN, October 5, 2017 /PRNewswire/ --
The "Global Automotive Cabin Air Filter Market 2017-2021" report has been added to Research and Markets' offering.
The global automotive cabin air filter market to grow at a CAGR of 4.23% during the period 2017-2021.
Global Automotive Cabin Air Filter Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
According to the report, one of the major drivers for this market is Increasing demand for passenger cars. Sales of HVAC systems is directly proportional to the sales of passenger cars. Cabin air filter is an important component of HVAC systems as it filters the air that enters the cabin to provide ambient conditions for the passengers. In 2016, global car sales increased by 3%, which was mostly contributed by the sales of SUVs and crossovers in China and European countries.
The latest trend gaining momentum in the market is Introduction of washable cabin air filters. Cabin air filters are recommended to be replaced every 15,000 to 20,000 miles. This becomes a tedious job if the vehicles are used for long distance travels or constant short distance travels. Some vendors have introduced washable cabin air filters with multilayer filtration. This makes it almost maintenance-free as removing the cabin filter, cleaning it, and putting it back can be done easily by any individual.
Further, the report states that one of the major factors hindering the growth of this market is High competition leading to cost pressures on smaller vendors. The automotive cabin air filter market is highly fragmented with just 50% contribution from the five major vendors. The existence of many players reduces the profit margins significantly. Furthermore, the market is highly price sensitive due to the presence of small vendors across the globe. The only way to survive is to innovate and provide quality products at a competitive price. Heightened competition is forcing vendors to come up with innovative product lines, both in basic and premium segments. Due to the abundance of choices in this segment, the risks of failure are high.
Other prominent vendors
Key Topics Covered:
Part 01: Executive Summary
Part 02: Scope Of The Report
Part 03: Research Methodology
Part 04: Introduction
Part 05: Market Landscape
Part 06: Market Segmentation By End User
Part 07: Market Segmentation By Application
Part 08: Geographical Segmentation
Part 09: Decision Framework
Part 10: Drivers And Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Key Vendor Analysis
Part 14: Appendix
For more information about this report visit https://www.researchandmarkets.com/research/8bxr99/global_automotive
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SOURCE Research and Markets
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