Market Trends of Latin America Automotive Airfilters Industry
This section covers the major market trends shaping the Latin America Automotive Airfilters Market according to our research experts:
Commercial Vehicle Segment Captures Market
With the increase in construction activities and growing e-commerce activities in the country, the demand for commercial vehicles are expected to grow after the end of the pandemic situation and normalcy returns in the economy.
The commercial vehicle fleet owners are concerned about the average yearly mileage of commercial vehicles for which they are continuously monitoring the health of the engine and other spare parts by doing timely maintenance and engine checkups. Consumers are likely to change both intake and cabin cleaners periodically so as to meet stringent implementation of these air standards by the state governments, therefore, boosting the sales of the automotive airfilters in the country.
The aftermarket segment for commercial vehicles is expected to grow with high CAGR as compared to OEMs, owing to the vehicle maintenance and inspection programs that are run on a regular basis in the country. These programs are beneficial in increasing the average age of trucks in the region.
Cabin Filter Captures Market
Almost all vehicles in the country are equipped with air conditioners and cabin Airfilter is an integral part of it. The cabin air filters have an early replacement cycle as they are required to clean the air coming into the passenger cabin.
The companies involved in production of cabin air filters are spending heavily on providing finest product to product the dust as well as other harmful particles get into the cabin, to protect the driver and passengers from inhaling bad quality air. With the increase in air pollution the air quality has deteriorated and hence, the replacement for cabin air filters are scheduled in a shorter duration.
For instance, in October 2019, WIX Filters introduced, WIX XP Cabin air filter. The newly designed filter is built with premium PUR-AIR technology and multi-layer protection that allows vehicle occupants to breathe cleaner air.
The major players are spending in R&D to make a cabin Airfilter which can prevent the coronavirus to enter the vehicle. In April 2020, Mann+Hummel announced that they are testing for the effectiveness of its products to support contamination control with regard to the spread of coronavirus COVID-19.
