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Automotive Filters market is predicted to witness ~ 4.96% CAGR by 2027 :

Pune, India, June, 2018 /MRFR Press Release/- Market Research Future published a half cooked research report on global automotive filters market. The automotive filters market is expected to witness ~4.96% CAGR during the period, 2018 to 2023.


Market Highlights


 Automotive filters are used to prevent dirt and other contaminants from entering the engine. Automotive filters are very useful in improving the fuel economy and engine exhaust. Filters can be placed near the engine, cabin, and exhaust. They maintain the quality and improve fuel efficiency. Government regulations and standard norms are becoming stringent to overcome the condition of vehicle pollution. Vehicles are responsible for the 20% of the world’s total pollution. In Europe, vehicles are responsible for about 12% of the total emissions of CO2. According to the America Lung Association (ALA), there are 30,000 deaths every year due to car emissions, annually, in the U.S., only. Growing awareness regarding automotive filters for better fuel economy and engine life will drive the market. Counterfeiting of products are a major challenge for manufacturers as they do not offer the highest quality and do not add to the growth of the market.


DRIVERS


 Automotive filters Drivers


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Market Research Analysis


In terms of region, the global market for automotive filters is divided into North America, Europe, Asia Pacific and Rest of the World. Asia Pacific is expected to hold the major market revenue share over the forecast period. Lower labor cost, a high demand for vehicles, and improved infrastructure are the major reasons behind the growth of the region. Asia Pacific held more than 40% of the total market in 2016 and it is expected to grow during the forecast period. On the other hand, U.S. and Canada are expected to grow over the forecast period owing to increased sales of automobile and growing awareness about emission control. In the future, government regulations in Europe are becoming stricter every year. This means that the manufacturers need to be well aware of the regulatory requirement.


Scope of the Report


This study provides an overview of the global automotive filters market, tracking three market segments across four geographic regions. The report studies key players, providing a six-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific and Rest of the World. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global automotive filters market by type, sales, application and regions.


By Type


  • Fuel Filter

  • Air Filter

  • Oil Filter

  • Emission Filter


By Sales


  • OEM

  • IAM

  • OES

  • Aftermarket


By Application


  • Passenger Vehicle (PV)

  • Light Commercial Vehicle (LCV)

  • Heavy Commercial Vehicle (HCV)

  • Two-wheeler


By Regions


  • North America 

  • Asia Pacific 

  • Europe

  • Rest of the World  


Key Players


The prominent players in the automotive filters market include Robert Bosch GmbH (Germany), ALCO filters (Germany), Lydall Inc. (Japan), Toyota Boshoku Corporation (Japan), and Mahle GmbH (Germany). Mann+Hummel, Clarcor Inc. (Germany), ACDelco Inc. (U.S.), Cummins Inc. (U.S.), Denso Corporation (Japan), Hollingsworth & Vose Co. Inc. (U.S.), and Donaldson Company Inc (U.S.) are among others.