Automotive Filters Market 2018 Key Players are Denso, Mahle, Mann+Hummel, Cummins, Lydall, Ahlstrom, Parker Hannifin, K&N Engineering, Toyota Boshoku, Roki
Global Automotive Filters Market to surpass USD 9.79 billion by 2023; as per a new research report by Global Market Insights, Inc.
These devices help in extending engine life as they trap dirt as well as debris that cause serious harm to interior engine elements such as pistons and cylinders. They facilitate appropriate air flow to the engine and help in maintaining precise air fuel mixture. This in turn fortifies the emission control system and also aids in minimizing spark plug ignition. Furthermore, ample air flow ensures accurate engine operation and helps reduce fuel consumption as well as emission.
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Automotive filter are widely used in two wheeler vehicles, light & heavy duty commercial vehicles, and passenger cars, to reduce harmful emissions and improve engine performance. Two wheelers held more than 13% of the total Automotive filter market share in 2015, and are expected to grow at a CAGR of 8.5% over 2016-2023. Heavy demand for two wheelers across countries such as India and China will stimulate Automotive filter industry from two wheelers.
Top Key Players:-
• Parker Hannifin
• K&N Engineering
• Toyota Boshoku
Asia Pacific automotive filters market size was over 45% of the global revenue generated in 2015 and its predicted to grow at 9.0% CAGR from 2016 to 2023. Rapid growth in the automotive sector across various countries such as India, China and Japan will contribute to regional growth.
Europe accounted for over 23% of the overall industry revenue in 2015. Growth in the region can be dedicated to presence of large number of automobile manufacturers.
The trend in the automotive sector is that of electric powered vehicles. EV powered automobiles are a rage, especially across developed economies such as the U.S. and Europe. Subject to this factor, U.S. Automotive filter industry will experience a modest growth, since EV powered cars do not require replacement filters. However, they will need to be periodically installed with cabin filters, owing to which U.S. Automotive filter market size from cabin filters will rise significantly over 2016-2023.
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Major Points of Table Of Content:-
3 Automotive Filters Industry Insights
3.1 Industry Segmentation
3.2 Industry Size and forecast, 2012 - 2023
3.3 Industry ecosystem analysis
3.3.1 Raw material trends
3.3.2 Vendor matrix
184.108.40.206 Fiber manufacturers
220.127.116.11 Wet-laid nonwovens
18.104.22.168 Filter media
22.214.171.124 Filtration system assembly
126.96.36.199 OEM/aftermarket filter systems
3.4 Regulatory landscape
3.5 Industry Impact forces
3.5.1 Growth drivers
188.8.131.52 Growth of automotive industry in BRIC nations
184.108.40.206 Enhanced engine life and fuel efficiency
3.5.2 Industry pitfalls and challenges
220.127.116.11 Growth in global electric vehicles industry
18.104.22.168 Volatile raw material prices
3.6 Growth potential analysis
3.7 Porter’s analysis
3.8 Company market share analysis, 2015
3.8.1 Strategic landscape
3.9 PESTEL analysis
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Fuel filters help filter out the dirt, dust, and rusted particulates from the fuel line in the engine-based fuel systems of automobiles. Pertaining to the high demand for two-wheeler vehicles and passenger cars, especially across the BRICS countries, Automotive filter industry size from fuel filters is projected to grow at a rate 10.5% over 2016-2023. With impure air leading to numerous lung disorders and other diseases, the public is consciously aware of the health benefits that would arise as a result of installing car filters, which will stimulate Automotive filter market size from oil and fuel filters. In addition, oil Automotive filter industry will earn considerable revenue subject to the fact that these products remarkably enhance the engine performance and elongate its lifespan.
Automotive filter are heavily deployed in OEMs and the automotive aftermarket. OEM’s offer the benefits of warranty and high quality construction, subject to which Automotive filter market from OEMs is expected to earn remarkably over the next few years. High demand for OEM filters will also lead to Europe Automotive filter industry earning a revenue of more than USD 2 billion by 2023. Having held more than 23% of global Automotive filter market share in 2015, Europe will grow at a significant CAGR over 2016-2023, primarily due to the existence of a huge number of prominent auto manufacturers in the region and stringent norms related to environmental pollution.
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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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