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Automotive Filter Market To Reach $15.7 Billion By 2023

Automotive Filter Market To Reach $15.7 Billion By 2023

Submitted by • May 18, 2018 www.lucintel.com

According to a new market report published by Lucintel, the future of the global automotive filter market looks promising with opportunities in passenger cars, light commercial vehicles and heavy commercial vehicles. The global automotive filter market is expected to reach an estimated $15.7 billion by 2023 and it is forecast to grow at a CAGR of 2.2% from 2018 to 2023. The major drivers of growth for this market are recovery in vehicle production and sales, increased miles driven per vehicle, more stringent government and environmental regulations, and increasing focus of vehicle owners on preventive maintenance.

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