The Light Vehicle (LV) Cabin AC Filters Market to be Swayed by Remarkable Increase in sales of Automobiles
OICA (Organisation Internationale des Constructeurs d’Automobiles) states that the production of automobiles is increasing at a rate of 4% every year since the year 2010. This is the factor driving the light vehicle (LV) Cabin AC filters market and the scenario is expected to remain the same even going forward.
At the same time, two restraints need to be looked into. Firstly, not all regions like LATAM are well-versed with the utility of light vehicle (LV) Cabin AC filters. Secondly, the aftermarket on the whole is in an unorganized form. Persistence Market Research has walked through these facts and subsequent steps to be taken in this regard in its latest market study entitled “Light Vehicle (LV) Cabin AC filters market”.
Light Vehicle (LV) Cabin AC Filters Market Dynamics
The global Light Vehicle (LV) Cabin AC Filters market, by technology, spans particle filters, combined filters, anti-allergen filters, and very high-efficiency filters. By sales channel, it’s OEM (Original Equipment Manufacturer), OES (Original Equipment Supplier), and IAM (Independent Aftermarket). Persistence Market Research has etched these details with prospects in its latest market study entitled “Light Vehicle (LV) Cabin AC Filters Market”.
North America holds the largest market share, followed by Europe. This could be attributed to the continuous updation in vehicles’ infrastructure. The Asia-Pacific is expected to grow at the fastest rate in the light vehicle (LV) Cabin AC filters market due to the growing preference for light vehicles in wake of growing awareness amongst the millennials. Persistence Market Research has, with the help of its line of expertise in the form of analysts and consultants, entailed these facts with insights in its latest market study entitled “Light Vehicle (LV) Cabin AC Filters market”.
Persistence Market Research has enlisted the key players in Light Vehicle (LV) Cabin AC filters market as Robert Bosch GmbH, MAHLE GmbH, Denso Corporation, Sogefi SpA, Valeo SA, Donaldson Company, Inc., ACDelco, Mann+Hummel GmbH, K&N Engineering, Inc., Hengst SE & Co. KG, ALCO Filters Ltd., EuroGIELLE S.r.l., Airmatic Filterbau GmbH, Freudenberg & Co. KG, Ahlstrom Corporation, and likewise.
Persistence Market Research has also moved a step further by mentioning the key developments on this count. For instance – Donaldson Company, Inc., in March 2020, tabled Filter Minder wireless monitoring system for the air filters on various heavy-duty vehicles. MAHLE GmbH, in February 2018, did introduce a CareMetix cabin air filter to protect the vehicle’s cabin from gas particles and solid matter.
The Way Ahead
The global Light Vehicle (LV) Cabin AC filters market is slated to grow on a vigorous note in the next 10 years – Persistence Market Research