Automotive Filters Market growing At 4.96% compound annual growth rate from 2019 to 2023, according to latest report on Global Automotive Filters Market 2019 Industry Size, Trends, Share Analysis With Regional Forecast To 2023, published by “Market Research Future”.
— Global Automotive Filters Market 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 (North America, Europe, APAC, RoW).
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Automotive Filters Industry Leading Players Analyzed are:
The prominent players in the automotive filters market include 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.).
Global Automotive Filters Market Highlights:
Global Automotive Filters Market growth is attributed to factors such as 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.
According to Automotive Aftermarket Suppliers Association (AASA), as a result of service parts counterfeiters in 2015 the market incurred a loss of around USD 12 billion every year, USD 3 billion of which is estimated to be for the U.S. market, only. However, counterfeiting of products will be a major challenge for manufacturers. Moreover, the unavailability of original products will hamper the growth of the market. Counterfeiting in aftermarket is also a major restraint for the market.
Automotive filters are used in preventing harmful contaminants such as dirt, dust, and grit from entering our engine. Filters play a big role in improving the efficiency of the vehicle. All modern vehicles are equipped with different filters to upgrade the vehicle efficiency. Filters are used in vehicles for air purity, fuel purity, emission exhaust purity, and oil purity. Additionally, more filters are used for cabin air purification.
Market Segments Analysis:
Market Research Future report provides a comprehensive segmental analysis of the global automotive filters market on the basis of type, sales channel and application.
Based on type, the market is segmented into emission filter, oil filter, air filter and fuel filter.
Based on the sales channel, the market is segmented into IAM, OES, OEM and aftermarket.
Based on application, the market is segmented into two-wheeler, heavy commercial vehicle, light commercial vehicle and passenger vehicle.
The global market for automotive filters based on region is segmented into North America, Europe, Asia Pacific and Rest of the World. Asia Pacific is predicted to retain its position of holding a major market revenue share during the forecast period. The increasing growth of automotive filters in this region is linked to improved infrastructure, high demand for cars and lower labor cost.
In 2016, Asia Pacific had more than 40% of the complete market share and is predicted to grow during the forecast period. Meanwhile, Canada and US are also likely to grow during the forecast period because of growing awareness regarding emission control and more sales of automobiles. In Europe, government regulations are getting stricter every year. It means manufacturers should know the regulatory requirement well.
Table Of Contents:
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 Entrants
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
List Of Tables:
TABLE 1 GLOBAL AUTOMOTIVE FILTERS MARKET: BY REGION, 2018-2023
TABLE 2 NORTH AMERICA AUTOMOTIVE FILTERS MARKET: BY COUNTRY, 2018-2023
TABLE 3 EUROPE AUTOMOTIVE FILTERS MARKET: BY COUNTRY, 2018-2023
TABLE 4 ASIA PACIFIC AUTOMOTIVE FILTERS MARKET: BY COUNTRY, 2018-2023
TABLE 5 ROW AUTOMOTIVE FILTERS MARKET: BY COUNTRY, 2018-2023
List Of Figures:
FIGURE 1 RESEARCH PROCESS OF MRFR
FIGUR 2 TOP DOWN & BOTTOM UP APPROACH
FIGURE 3 MARKET DYNAMICS
FIGURE 4 IMPACT ANALYSIS: MARKET DRIVERS
FIGURE 5 IMPACT ANALYSIS: MARKET RESTRAINTS
FIGURE 6 PORTER’S FIVE FORCES ANALYSIS
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