Global Automotive Cabin AC Filter Market: Regional Insights
Asia Pacific is the market leader with 32.2% share of global revenue in 2023 due to the high automotive production in that region. This added to the favorable government policies in the countries of India and China to ramp up production is expected to accelerate the growth of this market in this particular sector.
The increasing number of companies in the region of North America will turn out to be fruitful for sector. The automotive industry in North America is regarded as being mature and producing a sizable number of passenger cars, big commercial vehicles, and passenger cars. Along with producing passenger vehicles, it is anticipated that light commercial vehicles will also continue to be produced for the length of the forecast period.
European countries such as Germany, France and UK are expected to drive the Automotive AC filter market in that region owing to their extensive R&D and the presence of automobile manufacturing giants like Audi, Mercedes, etc. These luxury cars have high end HVAC filters and also exhibit high frequency for filter replacement while carrying out maintenance services.
In emerging economies like Africa and Egypt, growth is slow due to the economic conditions of certain countries like Nigeria. Moreover, the growth is also expected to be hampered due to stringent government regulations in some countries. Although the growth is slow, demand for automotive air filters will be increasing in the forecast period.
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