Automotive Filters Market Size Soar with Growing Health Concern Worldwide
Industry Insights
The "Global Automotive Filters Market Size
Analysis to 2023" is a focused and in-depth study of the automotive and
transportation industry with the global market trend analysis. Market Research
Future’s report on the global Automotive Filters Market Size2020 puts light
from an overview. It states that in the past years, the market has seen
remarkable growth, but now it can anticipate witness more and more expansion
with the CAGR of ~4.96% throughout the years from 2018 to 2023 (forecast
period).
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Top Impacting Factors
Fuel efficiencies and emissions of automobiles
have remained a huge topic of concern for the automotive industry worldwide for
decades, and therefore colossal emphasis has been laid in these areas.
Similarly, automotive filters are the components that augment fuel consumptions
and also aid in justifying the vehicular emissions from automobiles. The growing
automotive production around the world is estimated to boost the Automotive
Filters Market Sizerapidly for future timeframe.
Besides, stringent emission norms laid by
various automotive regulatory bodies across the world are also counted among
the major factors driving the Automotive Filters Market Sizetrends. As per
Automotive Aftermarket Suppliers Association (AASA), as a result of service
parts counterfeiters in the year 2015, the market incurred a loss of around USD
12 billion in every year and USD 3 billion of which is approximate to be for
the U.S. market merely, MRFR founded in its recent study.
With this, a considerable shift in consumer
preference towards diesel cars for fuel efficiency and necessity to reduce
pollutant emission levels is yet another major factor shaping Automotive
Filters Market SizeTrendsdynamics. To add-on more, the surged diesel passenger
cars, and commercial vehicles usage across the globe may also lead to the high
pollution level. Henceforth, automobile manufacturers are investing hugely in
new product development to meet technical requirements of the upgraded emission
norms, and thus resulting in initiating growth aspects in the global automotive
filters market.
In spite of beneficiary factors, the growing
popularity of electric vehicles in recent times is being taken as one of the foremost
hindrances to the adoption of the automotive filters and expansion of its
market. Other than this, counterfeiting of products is simultaneously becoming
a significant challenge for manufacturers, along with unavailability of
original products. All these factors have an immense chance to hamper the
growth of the market throughout the forecast period.
Segmentation of Market: Automotive Filters
From the viewpoint of segmental analysis, the
global Automotive Filters Market Size is studied among the segments of
sales channel, type, and application.
Among the type segment, the market is segregated
into air filter, fuel filter, emission filter, and oil filter.
Among the sales channel segment, the market has
included OES, OEM, aftermarket, and IAM.
Among the application segment, the market is
segmented into light commercial vehicles, passenger vehicles, heavy commercial
vehicle as well as a two-wheeler.
Regional Framework
From the geographical point of view, the global
Automotive Filters Market Size Size study has been conducted across the main
regions of Europe, Asia Pacific, North America, and the Rest of the World.
The Asia Pacific Automotive Filters Market Sizewill
witness considerable growth at over 6.5% CAGR throughout the forecast period owing
to the mounting disposable incomes, increase in passenger car sales, and rapid
industrialization. The high automotive output from countries such as India and
China will create improved replacement demand in the coming years. In fact, favorable FDI policies on aftermarket parts
manufacturing and government regulations also focus on plummeting the carbon
emissions will generate notable gains up to the year 2023.
To add with this, key manufacturers are also
focusing on developing niche products and capacity expansions owing to strong
demand for low-cost aftermarket products in the APAC region. In a case of point,
back in December 2018, Donaldson Filtration
Solution announced the expansion of its Wuxi manufacturing plant in China. In
such a development, the company increased its air filter manufacturing capacity
and setup of first Chinese based liquid filtration production capacity.
Top Market Contenders
The top industry contenders operating in the global
Automotive Filters Market Sizeare adopting strategies such as acquisitions,
mergers, collaborations, and launches to enhance their existing offerings and
expansion of their portfolio. Those leading vital players are ALCO filters
(Germany), Lydall Inc. (Japan), Robert Bosch GmbH (Germany), Mahle GmbH
(Germany), Toyota Boshoku Corporation (Japan), Clarcor Inc. (Germany), Mann+Hummel,
Cummins Inc. (U.S.), ACDelco Inc.
(U.S.), Hollingsworth & Vose Co. Inc. (U.S.), Denso Corporation (Japan), Donaldson
Company Inc (U.S.).
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Key Questions Addressed by the Report
- What was the historic market size?
- Which segmentation (Product/
Capacity) is driving market?
- What will be the growth rate?
- How are the key players in this
market?
- What are the strategies adopted by
key players?
TABLE
OF CONTENTS
1
EXECUTIVE SUMMARY
2
SCOPE OF THE REPORT
2.1
MARKET DEFINITION
2.2
SCOPE OF THE STUDY
2.2.1
DEFINITION
2.2.2
RESEARCH OBJECTIVE
2.2.3
ASSUMPTIONS
2.2.4
LIMITATIONS
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
3.1.1
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
4
MARKET DYNAMICS
4.1
INTRODUCTION
4.2
MARKET DRIVERS
4.3
MARKET RESTRAINTS
4.4
MARKET OPPORTUNITIES
4.5
MARKET TRENDS
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