Global Automotive Filters Market 2020 Trends, Market Share, Industry Size, Opportunities, Analysis and Forecast To 2023

Market Synopsis:
Automotive filters are generally used in the prevention of harmful contaminants such as grit, dirt, and dust from entering the engine. Filters play a vital role in the augmentation of efficiency of the vehicle. All modern vehicles are capable of using different filters for the upgradation of vehicle efficiency. Filters are integrated in vehicles for air purity, emission exhaust purity, fuel purity, and oil purity. In addition, more filters are used for the purification of cabin air. As per the experts at Market Research Future, the global Automotive Filters Market is likely to witness fast ascension over the forecast period, owing to the above mentioned features of this product.
The MRFR analysis suggests that the global Automotive Filters Market is likely to witness fast growth over the forecast period, ascending at a robust CAGR of 4.96%. This lucrative growth is attributable to the introduction of strict government regulations regarding fuel and carbon emissions all over the globe. Further, growing health concerns among the consumers are known to further provide major impetus to market growth over the forthcoming years. Ascension in awareness towards the importance of filters and growing demand for the integration of advanced automotive filters is likely to provide necessary traction to the global Automotive Filters Market growth. However, counterfeiting of products will pose as a major challenge for manufacturers, hampering market growth to an extent. Moreover, the unavailability of original products is also likely to hinder market growth over the forecast period.
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Market Segmentation
The global Automotive Filters Market is studied for a segmentation that is based on a unique set of aspects that enable the revealing of intricate and hidden trends in the market. These trends can alter the decision of the audience to this report, hence, providing vital insights. The global Automotive Filters Market is segmented by type, sales channel, application, and region. Based on type, the global Automotive Filters Market is segmented into air filter, fuel filter, oil filter, and emission filter. Based on sales channel, the global automotive filter market is segmented into IAM, OEM, OES, and aftermarket.
Based on application, the global automotive filter market is segmented into light commercial vehicle, passenger vehicle, heavy commercial vehicle, and two wheelers.
Detailed Regional Analysis
The Automotive Filters Market has been studied for a regional segmentation to gain a deeper understanding of specific regional markets. Such understanding of the market will enable better decision making on the part of the reader of this report. The Automotive Filters Market is segmented into the regions of North America, Asia Pacific, Europe, and Rest of the World. Asia Pacific is estimated to hold the most dominant share of the global Automotive Filters Market over the forecast period. This can be accredited to the mounting disposable income of consumers residing in the region. Further, low labor cost is driving manufacturers to undertake expansion activities and conduct operations in the region, contributing to the growth of the regional Automotive Filters Market over the forthcoming years. Improvement in infrastructure is also contributing to the growth of the global Automotive Filters Market over the forecast period. Increasing population and their demand for personal vehicles is also observed to attract new market entrants in Asia Pacific.
Key Players
Donaldson Company Inc (US), Denso Corporation (Japan), Hollingsworth & Vose Co. Inc (US), Cummins Inc (US), Clarcor Inc (Germany), ACDelco Inc (US), ALCO filters (Germany), Mann+Hummel, Toyota Boshoku Corporation (Japan), Mahle GmbH (Germany), Lydall Inc (Japan), and Robert Bosch GmbH (Germany) are some of the prominent players functioning in the global Automotive Filters Market.
Industry Update
October 2019: Tesla recently confirmed that its filter is 100 times better than premium automotive filters as it has the ability to remove at least 99.97% of fine particulate matter and gaseous pollutants including bacteria, viruses, pollen, and mold spores.
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