Global Commercial Vehicle Air Filter Industry

Global Commercial Vehicle Air Filter Industry

  • April 2021 •
  • 181 pages •
  • Report ID: 5956406 •
  • Format: PDF
Abstract:
- Global Commercial Vehicle Air Filter Market to Reach 59.1 Million Units by 2027
- Amid the COVID-19 crisis, the global market for Commercial Vehicle Air Filter estimated at 45.3 Million Units in the year 2020, is projected to reach a revised size of 59.1 Million Units by 2027, growing at aCAGR of 3.9% over the period 2020-2027. OEM, one of the segments analyzed in the report, is projected to record 4% CAGR and reach 31.1 Million Units by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Aftermarket segment is readjusted to a revised 3.7% CAGR for the next 7-year period.
- The U.S. Market is Estimated at 13.1 Million Units, While China is Forecast to Grow at 6.4% CAGR
- The Commercial Vehicle Air Filter market in the U.S. is estimated at 13.1 Million Units in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of 10.3 Million Units by the year 2027 trailing a CAGR of 6.4% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.3% and 3.1% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 2.9% CAGR.

- Select Competitors (Total 43 Featured) -
  • ACDelco
  • Ahlstrom-Munksjo
  • ALCO Filters Ltd.
  • Baldwin Filters, Inc.
  • Cummins, Inc.
  • Denso Corporation
  • Donaldson Co., Inc.
  • Freudenberg Filtration Technologies SE & Co. KG
  • Hastings Premium Filters
  • Hengst SE
  • K&N Engineering, Inc.
  • Luber-finer
  • MAHLE GmbH
  • Mann+Hummel GmbH
  • Robert Bosch GmbH
  • Scania AB
  • Sogefi Group