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Automotive Filter Market : Global Historical Growth (2012-2016) & Future Outlook (2017-2024) Demand Analysis & Opportunity Evaluation

Published On : 09:40 AM, 14th September, 2017 REP-ID-457 Category: Automotive & Transportation

Global Automotive Filter Market Overview

Automotive filter remove the solid matters such as dust, mould and pollen from the fuel and gas. Automotive filters help the engine to run smoothly and ensure that there is adequate air flow to the engine which further lessens the fuel consumption and carbon emission. High research & development and collaboration between companies have been seen as an emerging trend across the global automotive filter market.

Market Size and Forecast

The market of automotive filter is anticipated to grow at a CAGR of 8.8% over the forecast period 2017-2024. Further, global automotive filter market is expected to reach USD 10.1 Billion by 2024 from USD 5.6 Billion in 2016. This can be attributed to various factors such as increasing number of automobiles on road, burgeoning middle class population and rising concerns about environment.

Automotive filter market value

Regionally, Asia-Pacific holds the largest market share of automotive filter market accounting for more than 43% and is likely to continue its dominance over the forecast period. Further, Asia-Pacific is anticipated to expand at a CAGR of 9.1% during the forecast period 2017-2024. This significant growth can be attributed to expansion of automotive industry in the region. Further, growing economies such as China and India are anticipated to witness the augmented demand for automotive filters on the back of increasing sale of automotive in the nations. Europe occupies second position in the terms of market share and is anticipated to foresee growth in automotive filter market. Further, Europe automotive filter market is expected to garner about USD 1.8 Billion by 2024. In Europe, government regulation on carbon emissions is expected to drive the market of automotive filter market within the region over the forecast period.

On the basis of type, the automotive filter market is segmented into air filter, fuel filter and oil filter. Air filter accounts for the highest percentage of market share accounting for more than 75%. Stringent government regulations to curb carbon emission and greenhouse gases are major factor driving the growth of the air filter segment. Further, air filters reduce the fuel consumption by providing proper air flow to the engine. 

Market Segmentation

Our in-depth analysis segmented the global automotive filter market in the following segments:

By Type

  • Air Filter
  • Fuel Filter
  • Oil Filter

Automotive filter market share Graph

By End Use

  • Original Equipment Manufacturer (OEM)
  • Aftermarket

By Vehicle Type

  • Passenger Vehicles
  • Commercial Vehicles
    • Light Commercial Vehicles
    • Heavy Commercial Vehicles

By Region

Global automotive filter market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of Asia) Market size, Y-O-Y growth & Opportunity Analysis
  • Middle East and Africa (GCC, North Africa, South Africa & Rest of Middle East and Africa) Market Size and Y-O-Y Growth Analysis

Growth Drivers and Challenges

Increasing demand and sale of automotive is anticipated to be the key factor behind the growth of automotive filter market. Further, rising disposable income impelled the purchasing power to demand for more cars. On the other hand, elevated replacement rate of automotive filter due to tear and wear is further expected to boost the growth of automotive filter market.

Strict government regulation to curb the carbon emission is expected to spur the growth of global automotive filter market. Government of developed countries such as UK, U.S., Germany and others has enforced strict laws to reduce the pollution caused by vehicle. For instance, in U.S., the environment protection agency has implemented the mandatory average fuel economy of 42mpg for cars and 26mpg for trucks. Similar regulations have been implemented by other developed countries across the globe. This factor is likely to boost the market of automotive filter.

In contrast, increasing demand and sale of electric vehicle is the major factor restraining the growth of global automotive filter market.

Key players

  • Robert Bosch GmbH
    • Company Overview
    • Key Product Offerings
    • Business Strategy
    • SWOT Analysis
    • Financials
  • Mahle GmbH
  • Sogefi SpA
  • MANN+HUMMEL GmbH
  • A.L. Filter
  • Donaldson Company, Inc.
  • K&N Engineering, Inc.
  • Fildex Filters Canada Corporation
  • Filtrak BrandT GmbH
  • Luman Automotive Systems Pvt. Ltd.

Scope and Context

Overview of the Parent Market

Analyst View

Segmentation

The global automotive filter market is segmented as follows:

  • By Type Market Size & Y-O-Y Growth Analysis
  • By End Use Market Size & Y-O-Y Growth Analysis
  • By Vehicle Type Market Size & Y-O-Y Growth Analysis
  • By Region Market Size & Y-O-Y Growth Analysis

Market Dynamics

Supply & Demand Risk

Competitive Landscape

Porter’s Five Force Model

Geographical Economic Activity

Key Players (respective SWOT Analysis) and their Strategies and Product Portfolio

Recent Trends and Developments

Industry Growth Drivers and Challenges

Key Information for Players to establish themselves in current dynamic environment

 

Key Answers Captured in Report?
Which geography would have better demand for product/services?
What are the strategies adopted by big players in the regional market?
Which country would see the steep rise in CAGR & year-on-year (Y-O-Y) growth?
What is the current & expected market size in next five years?
What is the market feasibility for long term investment?
What opportunity the country would offer for existing and new players in the market?
What is risk involved for suppliers in the geography?
What factors would drive the demand for the product/service in near future?
What is the impact analysis of various factors in the market growth?
What are the recent trends in the regional market and how successful they are?

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