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Automotive Filters Market 2024 Global Players are Sogefi, ACDelco, ALCO filters, Ahlstrom Corporation, Clarcor, Cummins, Denso Corporation, Freudenberg, Donaldson Company, Lydall, Mahle GmbH, Mann+Hummel, Parker Hannifin, Toyota Boshoku, Valeo, Viking Fil

Automotive Filters Market 2024 Global Players are Sogefi,

The Asia Pacific automotive filters market holds 45% of global share and is projected to have about 8.5% CAGR from 2016 to 2023. This growth is attributed to rapid growth automobile sector across countries such as Japan, India and China.

Europe is estimated to be valued over USD 2 billion by 2023 owing to OEM product demand, high degree of awareness and price trends.

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Automotive Filters Market is projected to grow over 8% CAGR from 2016 to 2023 and is expected to exceed USD 9 billion by 2023. Increasing awareness regarding superior quality air and rising health hazards caused by contaminated cabin air will boost the industry demand.

Automotive fuel filters Market is expected to grow by 10.5% CAGR in the forecast timeframe. Fuel powered vehicles face various challenges such as costly repairs, spark plug ignition problems, and proper engine functioning leading to rising demand for electric vehicles. Eco friendly vehicles pose a challenge to the global automotive filters market owing to benefits such as less maintenance and operational costs comparatively over the forecast timeline.

Automotive Filters Product Analysis (Revenue, USD Million, 2012 - 2023)

• Air filter
• Intake air filters
• Cabin air filters
• Fuel filter
• Oil filter

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Automotive air filters market share is estimated to grow at 7.8% CAGR, from 2016 to 2023. It accounted for majority of the total industry share in 2015 and is likely to continue its dominance over the forecast timeframe. Rising health disorders owing to impure cabin air accompanied by awareness for good quality air will propel the automotive filters market demand through 2023.

Demand across passenger cars is estimated to grow at 8.9% CAGR from 2016 to 2023. Growth in the sector can be attributed to rising consumer disposable income.

Two wheelers contributed over 13% to the overall automotive filters market share in 2015. Swift demand for two wheelers from emerging nations such as China and India is forecast to drive the industry growth through 2023.

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Aftermarket automotive filters market is estimated to grow over 70% by 2023. Aftermarket enables appropriate filtration thereby providing high efficiency. The OEM segment may experience steady growth rate in the coming years.

The automotive filters market can be segmented into light & heavy commercial vehicles, passenger cars, and two wheelers. Passenger cars held over 50% industry share of the overall revenue in 2015. Increasing demand for passenger vehicles due to rising disposable income and health concerns over in-vehicle atmosphere may positively stimulate the industry growth.

Industry participants include Mann+Hummel, Mahle, Lydall, Cummins, Ahlstrom, Denso, etc. Rising mergers & acquisitions along with new product development describe the competitive scenario.

About Global Market Insights:

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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Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: www.gminsights.com

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