This market research study presents a detailed segmentation of the global air filter market by application (HVAC, industrial applications, automotive, and others) and by geography (the Americas, APAC, and EMEA). The key vendors in the market are Camfil, Clarcor, Cummins, Daikin Industries, Donaldson, and MANN+HUMMEL.
Technavio’s market research analysts estimate the global air filter market to grow at a CAGR of around 6% between 2016 and 2020. Much of this market’s growth can be attributed to the recovery of the automotive industry and the evolution of new generation engines. Due to the advent of stringent emission norms, the demand for higher efficiency engines has increased. This increase in the demand for efficient engines will compel manufacturers to develop efficient air filters, which, in turn, will result in the growth of this market over the next few years. APAC dominates the global air filter market, accounting for around 52% of the total market share. Since air filters are extensively used in two-wheelers, an increase in the demand for two-wheelers from countries like China and India will lead to the growth of this market over the next four years.
The new market research report from Technavio provides a breakdown and analysis of the air filter segments by technology.
“Increasing sale of air pollution masks in developing countries like India and China is one of the latest trends in this market. Both of these countries use a lot of fossil fuels, which in turn is leading to a rise in pollution levels. This recent increase in the level of pollution will compel people to invest in air pollution masks to take care of their health. In addition, factors such as the availability of a wide variety of designer masks at several outlets in major cities will also affect this market’s growth potential positively during the forecast period,” Anju Ajaykumar, Lead Analyst, Heavy Industry, Technavio Research
The heat, ventilation, and air conditioning (HVAC) segment dominates the air filter market and is expected to grow at a CAGR of just over 5% during the forecast period. The HVAC market can be further split up into three sectors, including commercial, residential, and industrial. Since most new buildings have to follow the IAQ standards, an increase in the global construction activity will lead to the strong growth of this market segment over the next few years.
The key vendors in the global air filter market are Camfil, Clarcor, Cummins, Daikin Industries, Donaldson, and MANN+HUMMEL. This market is diverse as it consists of numerous regional and international suppliers. In this market, several regional vendors offer cost effective air filters to increase market shares. Though there are many new entrants in this market, it is quite difficult for them to compete with international vendors by quality, features, and services. The competition is likely to intensify during the forecast period with technological innovations and M&A between the suppliers.
A more detailed analysis is available in the Technavio report, Global Air Filter Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
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