Engine Air Filter Market — Trends and Opportunities for the Industry by 2022
The global market for engine air filters derives much of its growth from the rise in the worldwide automotive industry. The augmenting demand for automobiles, particularly cars, coupled with the increasing concerns of alarming rise in air pollution, is reflecting positively on the uptake of engine air filters across the world. Consumers are becoming aware of the significance of air filters in eliminating atmosphere dirt and purifying air, which is likely to propel this market in the near future. By 2017 end, the global engine air filter market is expected to present an opportunity of US$479.5 mn. Progressing at a CAGR of 6.40% between 2017 and 2022, the market’s valuation is likely to increase to US$652.4 mn by the end of 2022. On the other hand, the current boom in the electric vehicle market, globally, may limit the adoption of engine air filters over the next few years, thereby slowing down the growth of this market. The analysis of the global market for engine air filter...