Automotive Filters Market: 2018 Global Key Players, Size, Share, Trends, Competitive Landscape, Growth, Emerging Technologies, And Regional Forecast To 2023
Report provides Automotive Filters Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023. Automotive Filters Global Market is segmented by Type (Fuel Filter, Air Filter, Oil Filter and Emission Filter), Sales (OEM, IAM, OES, Aftermarket), Application (Passenger Vehicle (PV), LCV, HCV,2-wheeler) and Region.
Automotive Filters Market Key Companies Studied in This Research Report Are:
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.).
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Global Automotive Filters Market Overview:
Automotive filters are used to prevent dirt and other contaminants from entering the engine. Automotive filters are very useful in improving the fuel economy and engine exhaust. Filters can be placed near the engine, cabin, and exhaust. They maintain the quality and improve fuel efficiency. Government regulations and standard norms are becoming stringent to overcome the condition of vehicle pollution. Vehicles are responsible for the 20% of the world’s total pollution.
In Europe, vehicles are responsible for about 12% of the total emissions of CO2. According to the America Lung Association (ALA), there are 30,000 deaths every year due to car emissions, annually, in the U.S., only. Growing awareness regarding automotive filters for better fuel economy and engine life will drive the market. Counterfeiting of products are a major challenge for manufacturers as they do not offer the highest quality and do not add to the growth of the market.
The global 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.
Automotive Filters Market Geographic Analysis:
In terms of region, the global market for automotive filters is divided into North America, Europe, Asia Pacific and Rest of the World. Asia Pacific is expected to hold the major market revenue share over the forecast period. Lower labor cost, a high demand for vehicles, and improved infrastructure are the major reasons behind the growth of the region.
Asia Pacific held more than 40% of the total market in 2016 and it is expected to grow during the forecast period. On the other hand, U.S. and Canada are expected to grow over the forecast period owing to increased sales of automobile and growing awareness about emission control. In the future, government regulations in Europe are becoming stricter every year. This means that the manufacturers need to be well aware of the regulatory requirement.
Automotive Filters Market Segmentation:
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.
Major Table Of Content:
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.2 Research Objective
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat Of New Entrant
3.1.2 Bargaining Power Of Buyers
3.1.3 Threat Of Substitutes
3.1.4 Segment Rivalry
3.1.5 Bargaining Power Of Buyers
3.2 Value Chain/Supply Chain Analysis
4 Market Dynamics
4.2 Market Drivers
4.3 Market Restraints
4.4 Market Opportunities
4.5 Market Trends
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