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Published Date: 2017-06-09Number of Pages: 179

Automotive Filters Market (Filter Type - Air Filters, Fuel Filters, Hydraulic Filters, and Oil Filters; Vehicle Type - Passenger Vehicles and Commercial Vehicles; End Use - OEMs and Aftermarket) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025

Global Automotive Filters Market: Snapshot

The rapid rise of the global automotive filter market is largely attributable to the soaring automotive industry, consistent expansion of vehicle fleet size, growing number of two-wheeler users, and increasing passenger car sales. The rise of purchasing power of consumers across the globe with improving economies has also been regarded as an important driver for the global market. According to the research report, the global automotive filters market is estimated to be worth US$10.97 bn by the end of 2025 from US$5.40 bn in 2016. The report estimates that the market will register a steady CAGR of 12.4% between 2017 and 2025.

The various types of filter available in the global market are air filters, fuel filters, hydraulic filters, oil filters, and others. In 2016, the air filters segment held the highest share of the global market. An air filter helps in cleaning the air that enters the engine for combustion. Various materials are used in car air filters including foam, paper, and cotton. The increase in pollution levels and requirement for high efficiency cars are likely to boost the demand for these filters during the forecast period.

automotive filters market

 

Commercial Vehicles to Remain Consistent Consumers of Automotive Filters in Coming Years

These filters are used in vehicles such as passenger vehicles, commercial vehicles, and others. The commercial vehicles segment is likely to grow at a significant pace during the forecast period. High replacement rate due to the need for maintenance of commercial vehicles in workable conditions is expected to be a major driving factor for this segment. As failure can lead to huge losses, commercial vehicle owners take extra care to ensure smooth running of these vehicles. This in turn is likely to fuel the growth of the commercial vehicles segment. Analysts predict that the commercial vehicles segment is likely to surge at a CAGR of 9% over the forecast period.

The global automotive filters market, by end-use industry has been classified into OEMs and aftermarket.  Aftermarket segment is expected to grow at a steady rate during the forecast period 2017- 2025. High replacement rate and low cost of aftermarket parts are some of the reasons for the high growth of the segment. Some filters are functionally stronger than OEM filters as well. These factors are likely to boost the growth of aftermarket end-use segment.

Asia Pacific to Show Persistent Dominance due to Increasing Manufacturing Activities

Geographically, Asia Pacific held the largest share of the global automotive filters market was in 2016. Europe followed Asia Pacific as the regions boasted a collective share of about 70% of the market in terms of revenue in 2016. The key factors that are driving the growth of the market in these regions are an increasing need for efficiency and productivity coupled with the impetus to increase manufacturing activities. The emerging countries of Asia Pacific are expected to record the highest growth rate during the forecast period. Increasing production of passenger vehicles, owing to several factors such as lower cost of production, increase in productivity and safety in operation of vehicles are set to drive the market of automotive filters in the this region from 2017–2025.

Some of the major players in the automotive filters market are: Sogefi SpA, MANN+HUMMEL GmbH, A.L. Filter, MAHLE GmbH, Robert Bosch GmbH, Donaldson Company, Inc., North American Filter Corporation, K&N Engineering, Inc., Fildex Filters Canada Corporation, Filtrak BrandT GmbH, ALCO Filters Ltd., Luman Automotive Systems Pvt. Ltd., and Siam Filter Products Ltd.

Global Automotive Filters Market: Overview

Filters have become an integral part of automotive engines in the current scenario. Durability, reliability, and ease in operation of the vehicles are the key factors on which the quality of these vehicles depends.  Automotive filters helps in maintaining a quality life for a vehicle. It enhances the efficiency as well as help customers breathe cleaner air. The regulations pertaining to environmental safety and emission standards set by the regulatory bodies are likely to become tougher during the forecast period. This in turn will mandate the automobile manufacturers to use automotive filters in the cars produced, thereby encouraging the growth of the market during the forecast period.

Global Automotive Filters Market: Segmentation

Based on filter type, the global automotive filters market has been segmented into air filters, fuel filters, hydraulic filters, oil filters, and others. By vehicle type the global automotive air filters market can be segmented into passenger vehicles, commercial vehicles, and others. The global automotive filters market, by end-use industry has been classified into OEMs and aftermarket.  The OEM segment leads the market in terms of revenue. The rising demand for passenger cars across the world has mandated car manufacturers to use various types of filters in their cars in order to adhere to various vehicular norms, which subsequently led to the increase in demand for filters in this segment. Aftermarket segment is expected to grow at a steady rate during the forecast period 2017- 2025. High replacement rate and low cost of aftermarket parts are some of the reasons for the high growth of the segment. Some filters are functionally stronger than OEM filters as well. These factors are likely to boost the growth of aftermarket end-use segment.

Sterner regulations are likely to shape the automobile market, companies operating in the global automotive filters market are anticipated to invest heavily on their research and development to come up with advanced automotive filters. This in turn will propel the overall market for automotive filters. Moreover, adherence to these norms is compulsory for the automobile manufacturers. Therefore, the use of filters in automobiles is likely to increase during the forecast period in order to meet these regulatory norms.

Global Automotive Filters Market: Drivers and Restraints

This report on the global automotive filters market highlights the current scenario of the market along with stating the expected growth of the global market during the forecast period. Various political, social, economic and technological factors which are likely to impact the demand of automotive filters have been analyzed to include an exhaustive study of the global market drivers, restraints and opportunities, i.e. the market dynamics under the purview of the report. Further, the key players operating the automotive filters market have been profile thoroughly and competitively across the five geographic regions and their competitive landscape is inclusive of their recent developments related to automated guided vehicles and the distinguishable business strategies adopted by them. To further analyze their market positioning, SWOT analysis has been provided for each of the players. In addition, the report includes the market attractiveness analysis of the segmentation, by filter type for offering a deep insight into the major filter usage area in the vehicles. Thus, the global automotive filters market report provides an extensive study of the market along with offering the forecast of the market in terms of revenue (US$ Billion) and volume (million units) from the period of 2017 – 2025.

Key Players Mentioned in this Report are:

Some of the major players in the Automotive Filters market are: Sogefi SpA (Italy), MAHLE GmbH (Germany), MANN+HUMMEL GmbH (Germany), A.L. Filter (Israel), Robert Bosch GmbH (Germany), Donaldson Company, Inc. (U.S.), North American Filter Corporation (U.S.), Fildex Filters Canada Corporation (Canada), K&N Engineering, Inc. (U.S.), Filtrak BrandT GmbH (Germany), Luman Automotive Systems Pvt. Ltd. (India), ALCO Filters Ltd. (Cyprus), and Siam Filter Products Ltd., Part. (Thailand).

The global Automotive Filters market has been segmented into:

Automotive Filters Market, by Filter Type

  • Air Filters
  • Fuel Filters
  • Hydraulic Filters
  • Oil Filters
  • Others

Automotive Filters Market, by Vehicle Type

  • Passenger Vehicles
  • Commercial Vehicles
  • Others

Automotive Filters Market, by End-Use

  • OEMs
  • Aftermarket

Automotive Filters Market, by Geography: The market is broadly segmented on the basis of geography into:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa


 
 
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