Global Automotive Filters Market 2020 | Future Plans, Business Distribution, Application, Trend Outlook, Key Trends, Global Industry Demand to Forecast till 2023

December 14 22:33 2020
Global Automotive Filters Market 2020 | Future Plans, Business Distribution, Application, Trend Outlook, Key Trends, Global Industry Demand to Forecast till 2023

Automotive Filters Market
Market Research Future’s report on the global Automotive Filters market 2018 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).

Industry Insights

The “Global Automotive Filters Market 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 2018 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).

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 rapidly 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. 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.

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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 dynamics. 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.

MRFR profiled key global Automotive Filters Market players. They are:

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.

Segmentation of Market:

From the viewpoint of segmental analysis, the global automotive filters market 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 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 will 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.

Key Questions Addressed by the Report

  • What was the historic market size (2018)?
  • Which segmentation (Product/ Capacity) is driving market?
  • What will be the growth rate by 2023?
  • How are the key players in this market?
  • What are the strategies adopted by key players?

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TABLE OF CONTENT

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 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

4 Market Dynamics

4.1 Introduction

4.2 Market Drivers

4.3 Market Restraints

4.4 Market Opportunities

4.5 Market Trends

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

Table 6 Global Automotive Filters Market, By Type, By Regions, 2018-2023

Table 7 North America Automotive Filters Market, By Type, By Country, 2018-2023

Table 8 Europe Automotive Filters Market, By Type, By Country, 2018-2023

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