Global Automotive High-performance Air Filter Market 2017-2021
About Automotive High-performance Air Filter
The major function of an engine air filter is to filter the air required for combustion. High-performance air filters (HPAFs) are designed to increase airflow and protect the engine from wear and tear. The market for HPAF is mainly driven by individual companies under the technology validation associations, which play a crucial role in the aftermarket development. The HPAF protects the engine from over or under exposure to air inputs, thereby creating optimum air-fuel mixture ratio for better efficiency.
Technavio’s analysts forecast the global automotive high-performance air filter market to grow at a CAGR of 6.63% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global automotive high-performance air filter market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Automotive High-performance Air Filter Market 2017-2021
Technavio recognizes the following companies as the key players in the global automotive high-performance air filter market: K&N Engineering, BMC Air Filters, and TMG Performance Products.
Other Prominent Vendors in the market are: MAHLE, Induction Technology Group, ALCO Filters, Pipercross Performance Air Filter, and Cosworth Performance Air Filters.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is air induction filters. Technologies in automotive engineering are evolving at a rapid pace. The automotive air induction filter is an innovative option that is more prevalent in the aftermarket rather than being offered as the OEM. The air induction filter is a part of the air induction system, an added air intake manifold that works with a cone shaped filter on the mouth of the intake pipe.”
According to the report, one driver in the market is increasing demand for vehicle performance technologies. As per the sales projections from a supercar manufacturer, the sales for premium luxury sports and super cars is expected to grow at a CAGR of 13.86% during 2016-2021. The projection includes sales of brands such as Ferrari, Lamborghini, McLaren, Porsche, Audi, BMW, Mercedes-Benz, Rolls-Royce, Bentley, and Aston Martin. The segment includes cars with engine capacity 4.0 liters and power output of 400hp and above. The efficiency requirement increases in these vehicles, thereby increasing the need for HPAF. Research also suggests that premium performance vehicle manufacturers such as BMW, Audi, Mercedes-Benz, Ford Motors, Renault, Chevrolet, Dodge, Nissan Motors, and others will also contribute to the increase the sales volume during the forecast period.
Further, the report states that one challenge in the market is growth of electric vehicle market. BMW is planning to roll out an electric model of BMW X3 SUV and a battery-powered Mini. These models are expected to be launched by 2022. Although range is an issue, the initial electric models have been successful in impressing the industry experts back in 2013. The BMW i3 and BMW i8 have already sold about 100 thousand units in total. Tesla is successful in creating efficient and high-performance electric vehicles. The introduction of the E-formula racing domain is another indication that there is a major shift in the propulsion technology, which is expected in the automotive industry in the next decade.
K&N Engineering, BMC Air Filters, TMG Performance Products, MAHLE, Induction Technology Group, ALCO Filters, Pipercross Performance Air Filter, and Cosworth Performance Air Filters.