ID: MRFR/AM/4691-HCR | February 2021 | Region: Global | 100 pages
Automotive filters market has seen a remarkable growth; expected to expand with the CAGR of ~4.96%.
Strict government regulations regarding fuel emissions are expected to drive the global market. Growing health concern among consumers will further increase the sales of the filters. Growing awareness and increase in demand for automotive filters will create opportunities for new entrants. Moreover, in 2016, Europe introduced acceptable limits of exhaust emission from vehicles and this news has increased the sales and demand for automotive filters.
According to Automotive Aftermarket Suppliers Association (AASA), as a result of service parts counterfeiters in 2015 the market incurred a loss of around USD 12 billion every year, USD 3 billion of which is estimated to be for the U.S. market, only. However, counterfeiting of products will be a major challenge for manufacturers. Moreover, the unavailability of original products will hamper the growth of the market. Counterfeiting in aftermarket is also a major restraint for the market.
The prominent players in the automotive filters market include Robert Bosch GmbH (Germany), ALCO filters (Germany), Lydall Inc. (Japan), Toyota Boshoku Corporation (Japan), 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.), Donaldson Company Inc (U.S.).
The global automotive filters market is segmented on the basis of type, sales channel, application and region. On the basis of type market is segmented as fuel filter, air filter, oil filter and emission filter. On the sales channel, the market is segmented as OEM, OES, IAM and aftermarket. On the basis of application, the market is segmented by passenger vehicle, light commercial vehicle, heavy commercial vehicle and two-wheeler.
Geographically, the global automotive filters market has been divided into four major regions of North America, Europe, Asia Pacific, and Rest of the World. Among all regions, Asia Pacific is expected to dominate the market during the forecast period. Rising purchasing power, low labor cost, and improved infrastructure will enhance the growth of the market. Increased population and their demand for the personal vehicles will attract new entrants in the Asia Pacific market.
Automotive filters are used in preventing harmful contaminants such as dirt, dust, and grit from entering our engine. Filters play a big role in improving the efficiency of the vehicle. All modern vehicles are equipped with different filters to upgrade the vehicle efficiency. Filters are used in vehicles for air purity, fuel purity, emission exhaust purity, and oil purity. Additionally, more filters are used for cabin air purification.
The report for Global Automotive Filters Market of Market Research Future covers extensive primary research. This is accompanied with detailed analysis of qualitative and quantitative aspects by various industry experts and key opinion leaders to gain deeper insights into the market and industry performance. The report gives a clear picture of the current market scenario, which includes the historical and forecasted market size, in terms of value and volume, technological advancement, macroeconomic, and governing factors of the market. The report provides comprehensive information about the strategies of the top companies in the industry, along with a broad study of the different market segments and regions.
|Market Size||2027: Significant Value|
|CAGR||4.96 % CAGR (2020 to 2027)|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Type, Sales and Application|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Robert Bosch GmbH (Germany), ALCO filters (Germany), Lydall Inc. (Japan), Toyota Boshoku Corporation (Japan), 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.), Donaldson Company Inc (U.S.)|
|Key Market Opportunities||Increased population and their demand for the personal vehicles|
|Key Market Drivers||Increased the sales and demand for automotive filters|
Frequently Asked Questions (FAQ) :
The factors that are motivating the demand for automotive filters are the growing call for reducing air pollution and the requirement for fuel efficiency in vehicles.
The Asia Pacific region is projected to appear as a strong regional market in the upcoming period owing to increased car ownership per household.
The distinguished contenders such as ALCO filters (Germany), Robert Bosch GmbH (Germany), Lydall Inc. (Japan), Mahle GmbH (Germany), Mann+Hummel, Clarcor Inc. (Germany), Toyota Boshoku Corporation (Japan), ACDelco Inc. (U.S.), Hollingsworth & Vose Co. Inc. (U.S.), Cummins Inc. (U.S.), Denso Corporation (Japan) and Donaldson Company Inc (U.S.) are expected to promote market expansion in the upcoming period.
The lack of availability of original products is expected to impact the development of the market for automotive filters in the coming period.