DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Global Commercial Vehicle Air Filter Market 2017-2021" report to their offering.
The analysts forecast the global commercial vehicle air filter market to grow at a CAGR of 0.4% during the period 2017-2021.
Global Commercial Vehicle Air Filter Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the Key vendors operating in this market.
Commenting on the report, an analyst from the research team said: The latest trend gaining momentum in the market is air filters with layered multi-density foam technology, nanotechnology, and dirt retention additives. Nanotechnology has long been contributing toward improvements in various technological and industrial sectors such as the IT, medicine, transportation, automotive, environmental science, and many others.
According to the report, one of the major drivers for this market is heavy dependence on road for freight movement. Emerging countries like India and China see an increase in the preference for road transportation and subsequent increase in the usage of heavy medium and light-duty vehicles.
Further, the report states that one of the major factors hindering the growth of this market is supply-demand deficit raw materials. The key raw materials used in the manufacturing of automotive air filters are polyurethane foam, pleated papers, cotton gauze, and steel mesh among others. These raw materials are mainly used for various other industrial applications such as in agriculture, furniture, mining, and others. Increasing need for air filters in automotive can thereby lead to a supply-demand deficit of these materials in the market, which ultimately would raise the cost of the raw materials.
- Source: Technavio
- K&N Engineering
Other prominent vendors
- ALCO Filters
- Baldwin Filters
- Donaldson Company
- Freudenberg Filtration Technologies
- Hastings Premium Filters
Key Topics Covered:
Part 01: Executive summary
Part 02: Scope of the report
Part 03: Research Methodology
Part 04: Introduction
Part 05: Market landscape
Part 06: Market segmentation by key stakeholders
Part 07: Geographical segmentation
Part 08: Decision framework
Part 09: Drivers and challenges
Part 10: Market trends
Part 11: Vendor landscape
Part 12: Key vendor analysis
For more information about this report visit https://www.researchandmarkets.com/research/4tdln4/global_commercial