The research study covers the present scenario and growth prospects of the global commercial vehicle air filter market for 2017-2021. The market is segmented based on key stakeholders (OEMs and aftermarket) and geography (the Americas, APAC, and EMEA).
The global commercial vehicle air filter market is directly proportional to the growth of the global commercial vehicle market; the former is a derived market because its growth or decline depends on the number of commercial vehicle units sold. The market is also dependent on the service intervals of the vehicles. Most OEMs advice replacement of air filters in commercial vehicles every 10,000-15,000 kms or two years, whichever is earlier. This replacement cycle of air filters and the increasing awareness about the health of the driver and passengers in the vehicle cabin drive the potential and matured aftermarkets for commercial vehicle air filters.
This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing
Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.
Technavio automotive research analysts highlight the following three factors that are contributing to the growth of the global commercial vehicle air filter market:
- Heavy dependence on road for freight movement
- Rising health concerns among drivers about quality of air in cabin
- Aging pickup truck fleet pent-up demand for replacement vehicles and air filters
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. One of the main reasons that road transport is opted for transporting cargo is the limited number of freight rail services within the country. The lack of sufficient freight services is causing companies to choose roadways as a reliable mode of transportation for their products.
Siddharth Jaiswal, a lead automotive components research analyst at Technavio, says, “In India, road transportation is the widely chosen means for container transport. The main reasons for the same being the poor last-mile connectivity and lack of availability of freight trains. Furthermore, the level of congestion is high, and preference is given more for passenger trains. Hence, transportation companies choose road transportation.”
Rising health concerns among drivers about quality of air in cabin
The drivers have been experiencing allergic reactions, which are caused by pollen, bacteria, and mold fungi in the automobile. Cabin air filters have been increasingly gaining popularity in the automobiles, primarily due to the role that cabin air filters play in automotive comfort, health, and safety.
“Extended exposure to high pollution in the cabin while driving is not only unpleasant but can also have adverse health effects on vehicle occupants. Microorganisms can accumulate inside the car's cabin and can multiply to concentrations from five to eight times than normal,” adds Siddharth.
Aging pickup truck fleet pent-up demand for replacement vehicles and air filters
A large number of pickup trucks are expected to reach the end of their product life cycles between 2016 and 2018. Pickup trucks have a short life cycle of six to eight years owing to their intense commercial usage.
One more contributing factor for the growth of the replacement market is the shortening availability of used pickup truck inventory post-recession. So, the rate of replacement purchases is expected to be considerably higher than they have been for the past few years.
- K&N Engineering
Browse Related Reports:
- Global Motorcycle Slip-on Exhaust System Market 2017-2021
- Global Automotive Roller Tappets Market 2017-2021
- Global Automotive Chassis Market 2017-2021
Become a Technavio Insights member and access all three of these reports for a fraction of their original cost. As a Technavio Insights member, you will have immediate access to new reports as they’re published in addition to all 6,000+ existing reports covering segments like automotive electronics, wheels and tires, and powertrain. This subscription nets you thousands in savings, while staying connected to Technavio’s constant transforming research library, helping you make informed business decisions more efficiently.
Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.
Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
If you are interested in more information, please contact our media team at email@example.com.