May 24, 2021
According to the research report titled ‘Global Intake Filter Media Market Size study, by Application (Automotive, Aerospace, Marine, and Others), Filter Media (Cellulose and Synthetic), Distribution Channel (OEM and Aftermarket), Vehicle Type (Passenger Car, Commercial Vehicle, Construction Equipment, Marine Vessels, and Others) and Regional Forecasts 2020-2027’, available with Market Study Report, global intake filter media market was assessed at USD 5.15 billion in 2019 and is projected to amass USD 7.38 billion by 2027, expanding at an annual rate of 4.6% between 2020-2027.
Stringent government restrictions on toxic vehicle pollution, utilization of nanotechnology, and growing number of flight commuters are key factors driving global intake filter media market growth.
According to International Air Transport Association, advancements in air transport ventures will increase air commuters to 8.2 billion by 2037. Moreover, as per the International Civil Aviation Organization, total number of passengers on flights was 4.38 billion in 2019, a rise of 3.65% as compared to 2018.
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For the unaware, intake filter media refers to an air cleaning component fixed in air filters which collects dust and other contaminants from the air prevent them from going into turbine.
While surging demand of product for alternative fuel vehicles boosts market proliferation, introduction of washable air filters will hinder global intake filter media industry growth over the analysis timeframe.
Based on application scope, the market is bifurcated into marine, aerospace, automotive, and others. Speaking of distribution channel, worldwide intake filter media industry is divided into aftermarket and OEM. Moving on to vehicle type, the market space is segmented into passenger car, construction equipment, commercial vehicle, marine vessels, and others.
From the regional frame of reference, North America held majority of worldwide intake filter media market share in the recent past due to implementation of standards & regulations for fuel economy and emission control. Meanwhile, Asia Pacific market is speculated to showcase lucrative growth trends between 2020-2027, owing to rapid industrialization in economies such as Vietnam, China, and India.
Key players profiled in worldwide intake filter media market report are ACDelco Auto & Equipment Tools, Cummins Inc., Freudenberg SE, MAHLE GmbH, Hengst SE, Brackett Aero Filters Inc., K&N Engineering Inc., DENSO Corporation, Ahlstrom-Munksjö Oyj, and Donaldson Company Inc.