The Global Air Filter market is to grow at a CAGR of 4.78 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increased demand for energy efficient air filters. The Global Air Filter market has also been witnessing a shift towards vertical integration. However, declining profit margins could pose a challenge to the growth of this market.
Many companies in the Global Air Filter market have opted for vertical integration. Vertical Integration has helped companies to expand to a great extent. Moreover, companies acquire more control over the value chain through vertical integration. This strategy has helped companies to reduce the cost to a considerable extent. The companies are able to eliminate intermediate people and eliminate the mark-up prices. Through vertical integration companies are able to create competitive edge from the competitors.
One of the major growth drivers in the market is the increasing demand for energy efficient air filters. The demand of energy-efficient air filters is very high, as the energy cost is escalating globally.
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