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Air filters are a crucial part of the vehicles as they regulate air movement which is required for the combustion of fuel and greatly impacts effluents, efficiency and life of the engine. Contaminated air with dirt, fumes, smog and other suspended particles if harmful for the engine. Increasing pollution will have greater impact on the system, thereby increasing the demand for product in the forecasted timeline.Request a sample of this premium report at: https://www.marketstudyreport.com/request-a-sample/467739/?utm_source=marketersmedia.com-SP
Automotive filters Market is expected to exceed USD 19 billion by 2025. The global passenger vehicle car market is expected to surpass USD 1.5 trillion by 2023. Increasing vehicle financing options by several organizations has resulted in the easy purchase of products, propelling the demand for automotive filters in this segment. Rising production coupled with low cost advantage due to economies of scale will support the market demand. Further, rising demand for passenger vehicles due to increasing population in urban areas coupled with increased consumer spending will support the automotive filters business expansion.
Some major findings of the automotive filters market report include:
- The demand for automotive filters is increasing across the globe due to increasing pollution problems and strict regulations pertaining to environment.
- The government policies in Asia Pacific to enhance the economic growth will boost the demand.
- The increasing demand for automotive filters to reduce the contaminants present in the vehicle environment and the engine.
- Some of the major players operating in the automotive filters market include MANN+HUMMEL, Toyota Boshoku, Ahlstrom Corporation, Robert Bosch, Cummins, Parker Hannifin Corp. and Mahale GmbH
- Companies are investing in research and development to develop new products to gain competitive edge
- Asia pacific automotive aftermarket may surpass USD 145 Billion by 2022 owing to increasing average age of cars in the region has resulted in frequent aftermarket services, thus stimulating product demand.
Low cost of the product in aftermarket is the key factor to increase the demand for the products by 2025. OEMs charge higher prices for the products also the automotive filters are easily available in aftermarkets, supporting the market expansion. Automotive filters are subjected to frequent replacements after a certain service period which should accelerate aftermarket industry, thus driving automotive filtration market. The global automotive aftermarket may surpass USD 1.11 trillion by 2030.
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Oil filters play a vital role in lubricating and protecting the system from early deprivation. These products are mainly used in moving parts of engine and cylindrical walls for proper lubrication. These protect the engine from wear and tear, extending the life of the automotive. These oils filters help to remove contaminants such as carbon deposits, abraded metals, soot particles and dust. Considering these factors, demand for automotive oil filters will increase in forecasted time frame.
Government initiatives to boost the economic growth of the nations will boost filters demand. For instance, Made in China by China and Make in India by India aiming to increase inland production should foster industry growth. For example, In December 2018, Donaldson filtration solution has announced expansion of its Wuxi manufacturing plant in China. Through this expansion, the company will be able to increase its air filter manufacturing capacity and setup of first Chinese based liquid filtration production capacity.
The market is competitive and fragmented in nature with industry participants including Cummins Inc., Ahlstrom Corporation, Denso Corporation, Neenah Paper Inc., Lydall Inc., Roki Co., K&N Engineering Inc., Parker Hannifin Corp., Toyota Boshoku Corporation, Mahle GmbH, Robert Bosch GmbH, and Freudenberg & Co. The manufacturers adopt strategies including mergers and acquisitions, new product launch, capacity expansion to gain the market share and increase profits.
Table of Content:
Chapter 1 Methodology & Scope
1.1 Methodology
1.2 Market definitions
1.3 Market estimation & forecast parameters
1.4 Data Sources
1.4.1 Primary
1.4.2 Secondary
1.4.2.1 Paid Sources
1.4.2.2 Public Sources
Chapter 2 Executive Summary
2.1 Automotive filters industry 360 degree synopsis, 2014 - 2025
2.1.1 Business trends
2.1.2 Regional trends
2.1.3 Product trends
2.1.4 Application trends
2.1.5 End-use trends
Chapter 3 Automotive Air Filters Market Industry Insights
3.1 Industry segmentation
3.2 Industry landscape, 2014 - 2025
3.3 Industry ecosystem analysis
3.3.1 Vendor Matrix
3.3.2 Distribution channel analysis
3.3.2.1 Collaborations/Partnerships
3.3.2.2 Distributors
3.4 Regulatory landscape
3.4.1 U.S.
3.4.2 Europe
3.4.3 China
3.5 Raw material analysis
3.6 Technology Landscape
3.7 Cost Structure Analysis
3.7.1 Component/ material costs
3.7.2 Manufacturing and labour costs
3.7.3 Technology/ equipment costs
3.7.4 Others
3.7.5 Oil Filters
3.7.5.1 Component/ material costs
3.7.5.2 Manufacturing & labor costs
3.7.5.3 Technology/ equipment costs
3.7.5.4 Others
3.7.6 Fuel Filters
3.7.6.1 Component/ material costs
3.7.6.2 Manufacturing & labor costs
3.7.6.3 Technology/ equipment costs
3.7.6.4 Other
3.7.7 Air Filters
3.7.7.1 Component/ material costs
3.7.7.2 Manufacturing & labor costs
3.7.7.3 Technology/ equipment costs
3.7.7.4 Other
3.8 Industry impact forces
3.8.1 Growth drivers
3.8.1.1 North America: Growing automotive filters demand to reduce airborne contaminants in vehicles
3.8.1.2 Europe: Vast automobile industry and technological advancements for controlling pollutant levels will foster product demand
3.8.1.3 Asia Pacific: Growing automotive industry leading to increasing median fine part particulate matter is propelling demand for automotive air filters
3.8.2 Industry pitfalls & challenges
3.8.2.1 Availability of low-quality filters results in engine degradation.
3.8.2.2 Growing demand of electric vehicles may hamper automotive filter demand.
3.9 Growth Potential Analysis, 2018
3.9.1 Emerging Business Model
3.9.1.1 Collaborations/Joint Ventures
3.9.1.2 Acquisition
3.9.1.3 New product launch
3.10 Porter's analysis
3.11 Competitive landscape
3.11.1 Company market share analysis, 2018
3.11.2 Strategy dashboard
3.12 PESTEL analysis
Chapter 4 Automotive Filters Market, By Product
Chapter 5 Automotive Filters Market, By Application
Chapter 6 Automotive Filters Market, By End-Use
Chapter 7 Automotive Filters Market , By Region
Chapter 8 Automotive Filters Market Company Profiles
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Related Report:
Global Automotive Filters Market Report 2019 - History, Present and Future
Global Automotive Filters Market Report 2019 - Market Size, Share, Price, Trend and Forecast is a professional and in-depth study on the current state of the global Automotive Filters industry. The key insights of the report:
https://www.marketstudyreport.com/reports/global-automotive-filters-market-report-2019-history-present-and-future?utm_source=RR-SP
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