India Passenger Car Cabin Air Filter Market to Establish Growth With 11.69% CAGR Until FY2027F
India Passenger Car
Cabin Air Filter Market is expected to show robust growth due to increasing pollution
levels and increasing demand for cabin air filters in the country in the
forecast period, FY2017-FY2027F.
According to
TechSci report on, “India Passenger Car Cabin Air Filter Market, By Region, Competition
Forecast & Opportunities, FY2017 - FY2027F”, India passenger car
cabin air filter market has shown promising
growth in historical years until FY2020 and is expected to continue its growth
in upcoming forecast years FY2023F to FY2027F. India passenger car cabin air
filter market owes its growth to the factors like rapidly increasing instances
of pulmonary disorders and lung failures caused due to higher concentration of
pollutants in the air. Demand for air filters is also increasing due to rapidly
increasing pollution in the country. Pollutants and exhaust gases from the
vehicles are major reasons behind the growth of the India passenger car cabin
air filter market in the upcoming five years. The growing automotive industry,
expanding automobile fleet, and strategic capacity expansions by flagship
automobile OEMs are also majorly driving the growth of the India passenger car
cabin air filter market in the next five years. Market players in India have
expanded their businesses, and through consistent research, they are highly
invested in innovative product development. Demand for technologically advanced
products and higher prevalence of incorporating scientific and technical
advanced products and services in the automobile also substantiates the growth
of the India passenger car cabin air filter market.
Although the higher price of the
passenger cars and increasing maintenance cost of such vehicles may put a mild
restraint, rising disposable income among the population is anticipated to aid
the growth of the India passenger car cabin air filter market in the forecast
years. In India, the level of pollution is increasing with factories adding up
into the ecosystem as well as increasing greenhouse vehicle exhaust emissions.
According to the United States Environmental Protection Agency, the air quality
index is a measurement methodology of the level of pollutants in the air. In addition, people are getting more aware of the
replacement and servicing of automobile components. With the growth of the up
gradation of services provided by car manufacturers, the education and
awareness of car parts are being provided to the owners for better performance
of their passenger cars. Hence, the replacement of cabin air filters is
expected to grow more generously in the forecast years as compared to previous
years.
Browse over 24 market data Figures spread through 79 Pages and an
in-depth TOC on "India Passenger Car Cabin Air Filter Market"
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The India passenger car cabin air filter market is
segmented by vehicle type, location, filter type, demand category, regional
distribution, and competitive landscape. Based on vehicle type, the market is
further fragmented into hatchback, sedan, SUV/MPV. Hatchback is anticipated to
hold the largest revenue shares of the market and dominate the market segment
in the upcoming five years on the ground of increasing demand for hatchback
passenger cars, and diesel cars like Thar, XUV700, Range Rover, Fortuner,
Scorpio, etc. Hatchback cars are often release more pollutants and exhaustive
gases than other vehicles, thus the demand for the air filters increases and
replacement of such product also enhances, thus regularly increasing the sales
of the product, and thus the growth of the India passenger cars cabin air
filter market in the upcoming five years.
A partial list of market players in the field
includes:
- Bosch Limited
- Elofic Industries Limited
- Denso India Pvt. Ltd.
- Hanon Climate Systems India Private Limited
- Valeo India Pvt Ltd
- Lumax Auto Technologies Limited
- Donaldson India Filter System Pvt. Ltd.
- Toyota Boshoku Automotive India Private Limited
- Freudenberg Filtration Technologies India Pvt. Ltd.
- Mahle Anand Filter Systems Private Limited
- Mann and Hummel Filter Private Limited
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“Increasing
demand in the diesel cars like Thar, XUV700, Range Rover, Fortuner, Scorpio, is
anticipated to influence the growth of the automotive industry in the country.
Usage of diesel vehicles gives out higher exhaustive gases and pollutants in
the air. Thus, diesel vehicles relatively have shorter replacement period for
filters than petrol vehicles. New market players entering the market may form
alliances with the existent market dominators or merger with a global giant
would benefit them for their future brand establishment,” said Mr. Karan
Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
“India Passenger Car
Cabin Air Filter Market By Vehicle Type (Hatchback, Sedan, SUV/MPV), By
Location (Glove Box, Dashboard, and Armrest), By Filter Type (Particulate Cabin
Air Filter, Charcoal Cabin Air Filter, Activated Carbon Cabin Air Filter and
Electrostatic Cabin Air Filter), By Demand Category (OEM and Replacement), By
Region, Competition, Forecast & Opportunities, FY2027F” has evaluated the future
growth potential of India passenger car cabin air filter market and provides
statistics & information on market size, structure and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers, challenges,
and opportunities in India passenger car cabin air filter market.
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