UFI Filters Spa to obtain Friedrichs Filtersysteme GmbH with all shares. The acquisition of the company took place to support the company to expand its size in filtration systems for marine, industrial, and mining sectors, wind power, and others. Friedrichs Filtersysteme GmbH has its headquarters in Wassenberg located in North Rhine-Westphalia Region.
Denso Corporation offered a simple but effective cabin air filter replacement which represented a great profit opportunity for repairers and ensured improved air quality inside the vehicle, protecting customers against potential health problems.
Increasing production and sales volume of passenger cars are the major factors driving the market growth.
The market is anticipated to attain a CAGR of 6% over the forecast period, i.e., 2023-2033.
Low awareness about the benefits of air filters is estimated to be the growth hindering factor for the market expansion.
The market in the Asia Pacific region is projected to hold the largest market share by the end of 2033 and provide more business opportunities in the future.
The major players in the market are Denso Corporation, Freudenberg Group, Mann+Hummel International GmbH & Co. KG, ACDelco Corporation, Alco Filters Ltd., Cummins Inc., Donaldson Company, Inc., Filtrak BrandT GmbH, Robert Bosch GmbH, and others.
The company profiles are selected based on the revenues generated from the product segment, the geographical presence of the company which determines the revenue generating capacity as well as the new products being launched into the market by the company.
The market is segmented by type, propulsion type, vehicle type, and by region.
The passenger cars segment is anticipated to garner the largest market size by the end of 2033 and display significant growth opportunities.