Automotive Filter Market Size To Expand at a Notable CAGR Of 4.96% During 2018 - 2023 :

Pune, India, January 2019/MRFR Press Release/- Market Research Future has published a half-cooked research report on the Global Automotive Filter Market.

Market Analysis:
No matter the rider is driving the car on a quiet countryside or on a bumpy road, automotive filters are essential for the car and is a vital component which should not be neglected. Such filters are used to prevent harmful contaminants like grit, dust and dirt to enter the engine. It plays a pivotal role to improve the carโ€™s efficiency. Every modern vehicle is equipped with various filters in order to upgrade its efficiency. The rider should ensure that their car engine receives the cleanest air and in order to prevent particles and small dirt, filters are installed. A dirty car filter will rob the engine of power and the driver may experience a sluggish acceleration. When the air filter is clean it will protect the engine against different forms of wear and tear. It will extend the life of the engine, minimize car emissions, improve gas mileage, increase fuel efficiency and prevent choking the car engine. Car filters are generally used for oil purity, emission exhaust purity, fuel purity and air purity. The standard norms and government regulations are getting stringent to overcome car pollution. The global automotive market has witnessed a notable growth and is likely to expand by 2023 at 4.96% CAGR. Strict regulations laid down by the government concerning fuel emissions is likely to drive the global market. The rising health concerns amid consumers will boost up the sales of automotive filters further. Moreover, Europe in 2016 announced an acceptable limit on exhaust emission from cars which ultimately increased the demand and sales for automotive filters.

Market Segmentation:
Market Research Future report provides a comprehensive segmental analysis of the global automotive filters market on the basis of type, sales channel and application.

Based on type, the market is segmented into emission filter, oil filter, air filter and fuel filter.

Based on the sales channel, the market is segmented into IAM, OES, OEM and aftermarket.

Based on application, the market is segmented into two-wheeler, heavy commercial vehicle, light commercial vehicle and passenger vehicle.

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Market Analysis:
The global market for automotive filters based on region is segmented into North America, Europe, Asia Pacific and Rest of the World. Asia Pacific is predicted to retain its position of holding a major market revenue share during the forecast period. The increasing growth of automotive filters in this region is linked to improved infrastructure, high demand for cars and lower labor cost. In 2016, Asia Pacific had more than 40% of the complete market share and is predicted to grow during the forecast period. Meanwhile, Canada and US are also likely to grow during the forecast period because of growing awareness regarding emission control and more sales of automobiles. In Europe, government regulations are getting stricter every year. It means manufacturers should know the regulatory requirement well.

Key Players:
Leading market players mentioned in the report include Donaldson Company Inc (US), Hollingsworth & Vose Co. Inc (US), Denso Corporation (Japan), Cummins Inc (US), ACDelco Inc (US), Clarcor Inc (Germany), Mann+Hummel, Mahle GmbH (Germany), Toyota Boshoku Corporation (Japan), Lydall Inc (Japan), ALCO filters (Germany) and Robert Bosch GmbH (Germany).