Press release
Automotive Filters Market to grow at 8.4% CAGR to 2023 Companies – Valeo, Parker Hannifin, Mahle, Denso, Cummins, Robert Bosch GmbH
Automotive Filters Market
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Industry Growth drivers:
1 Growth of automotive industry in BRIC nations
2 Enhanced engine life and fuel efficiency
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.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. ACDelco Inc.
2. ALCO filters
3. Ahlstrom Corporation
4. Clarcor Inc.
5. Cummins Inc.
6. Denso Corporation
7. Donaldson Company Inc.
8. Freudenberg & Co. Kg.
9. Hengst SE & Co. KG
10. Hollingsworth & Vose Co. Inc.
11. K&N Engineering Inc.
12. Lydall Inc.
13. Mahle GmbH
14. Mann+Hummel
15. Metsurama Filtration
16. Neenah Paper Inc.
17. Parker Hannifin Corp.
18. Robert Bosch GmbH
19. Roki Co., Ltd.
20. Sogefi S.p.A.
21. Toyota Boshoku Corporation
22. Valeo SA
Automotive Filters Product Analysis (Revenue, USD Million, 2012 - 2023)
Air filter
i. Intake air filters
ii. Cabin air filters
Fuel filter
Oil filter
Automotive Filters Application Analysis (Revenue, USD Million, 2012 - 2023)
Passenger car
Light & heavy commercial vehicles
Two wheelers
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Vehicle filtrates comes under the umbrella of the automobile aftermarket and service parts segment. These products help in increasing the lifespan and efficiency of vehicle engines. The function of this component is to protect various internal parts of the engine such as cylinders, power steering, automatic transmissions, and pistons from dirt, debris and unwanted particles. These locomotive parts help in maintaining the air-fuel ratio and regulate the engine air intake resulting in appropriate fuel consumption. These filtrate functions enhance emission control system and minimize the spark plug ignition problems.
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 Asia Pacific industry 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.
Browse Report Summery @ https://www.gminsights.com/industry-analysis/automotive-filters-market
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.
Industry participants include Mann+Hummel, Mahle, Lydall, Cummins, Ahlstrom, Denso, etc. Rising mergers & acquisitions along with new product development describe the competitive scenario.
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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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Global Market Insights, Inc.
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