Engine Air Filter Market
Engine Air Filter Market (Filter Media Type - Paper/Cellulose Filter, Gauze Filter, Synthetic Oil Filter, Foam Filter, and Stainless Steel Mesh Filter; Vehicle Type - Compact Vehicle, Mid-Sized Vehicle, Premium Vehicle, Luxury Vehicle, Commercial Vehicle, and Heavy Commercial Vehicle; Sales Channel - OEM and Aftermarket) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2022
Press Release :
Global Engine Air Filter Market: Snapshot
The global market for engine air filters derives much of its growth from the rise in the worldwide automotive industry. The augmenting demand for automobiles, particularly cars, coupled with the increasing concerns of alarming rise in air pollution, is reflecting positively on the uptake of engine air filters across the world. Consumers are becoming aware of the significance of air filters in eliminating atmosphere dirt and purifying air, which is likely to propel this market in the near future.
By 2017 end, the global engine air filter market is expected to present an opportunity of US$479.5 mn. Progressing at a CAGR of 6.40% between 2017 and 2022, the market’s valuation is likely to increase to US$652.4 mn by the end of 2022. On the other hand, the current boom in the electric vehicle market, globally, may limit the adoption of engine air filters over the next few years, thereby slowing down the growth of this market.
Demand for Paper/Cellulose Filter Stronger than Other Filters
The analysis of the global market for engine air filter market is majorly conducted on the basis of the type of the media filter, type of vehicle, and the sales channel. Based on the type of the media filter, the market is categorized into foam filter, paper/cellulose filter, synthetic oil filter, gauze filter, and stainless steel mesh filter. The demand for paper/cellulose filters is relatively greater across the world than other filters available in this market, making it the leading segment. By 2017 end, this segment is expected to account for 28% of the overall market and is projected to maintain its leadership with a CAGR of 6.30% between 2017 and 2022.
By the type of the vehicle, the market is bifurcated into commercial vehicle, premium vehicle, mid-sized vehicle, compact vehicle, luxury vehicle, and heavy commercial vehicle. Currently, the commercial vehicle segment is dominating the worldwide market and the trend is anticipated to continue over the next few years. Original equipment manufacturers (OEM) and aftermarket are the two main sales channels of engine air filters across the world.
APEJ to Continue on Top Spot
Asia Pacific excluding Japan (APEJ), Europe, the Middle East and Africa, Latin America, North America, and Japan are the primary regional markets for engine air filters across the world. With the presence of several automotive giants, such as TATA, Maruti, and Hero Motocorp., the Asia Pacific excluding Japan region has been leading the global market. Rising at a CAGR of 7.0% between 2017 and 2022, this regional market is expected to retain its position over the next few years. Europe is projected to maintain its second position by 2022 end, creating US$162.9 mn in revenues, thanks to its ever-rising automotive industry. Among other regional markets, North America and the Middle East and Africa are likely to observe noticeable growth in the years to come.
The global market for engine air filters is extremely diverse and fragmented on account of the presence of a number of international as well as regional vendors. The market also demonstrates a high degree of competition among its players. Sogefi SpA, Donaldson Co. Inc., Mahle International GmbH, UFI Filters Spa, MANN+HUMMEL, Cummins Inc., Parker Hannifin Corp., K & N Engineering Inc., Denso Corp., and Robert Bosch are some of the leading vendors of engine air filters across the world.
The global engine air filter market is gaining substantially from the continual growth of the automotive industry. The advancements in the new generation engines are also boosting this market substantially. This research report offers an assessment of the global market for engine air filters at the global as well as regional levels and make future predictions in terms of volume (Kilo Tons) and revenue (US$ Mn) during the period from 2017 to 2022. The study examines the drivers, restraining factors, challenges, and the opportunities in this market to determine its future status. The impact of these factors on the uptake rate of engine air filters across the world during the forecast period is also examined in this report in context of the global and regional markets.
The research report consists of a thorough assessment of the complete value chain of engine air filters, which provides an exhaustive view of the global market for engine air filters. It also encompasses an evaluation of the attractiveness of this market, in which, the end users are studied on the basis of their rate of the growth, market size, and general attractiveness.
Global Engine Air Filter Market: Segmentation
The research study presents a conclusive overview of the global market for engine air filters by analyzing it on the basis of various important market parameters, including the type of the media filter, type of vehicle, sales channel, and the geographical spread of this market. Based on the type of the media filter, the market is categorized into paper/cellulose filter, gauze filter, synthetic oil filter, foam filter, and stainless steel mesh filter. By the type of the vehicle, the market is bifurcated into compact vehicle, mid-sized vehicle, premium vehicle, luxury vehicle, commercial vehicle, and heavy commercial vehicle. On the basis of the sales channel, the market is classified into original equipment manufacturers (OEM) and aftermarket.
Based on the geographical spread of the global market for engine air filters, the research report has considered Latin America (Argentina, Mexico, and Brazil), the Middle East and Africa (Turkey, Israel, South Africa, and GCC countries), North America (the U.S. and Canada), Asia Pacific excluding Japan (South Korea, Australia, China, India, Singapore, and Indonesia), Europe (Germany, Italy, France, the U.K., Spain, and Nordic countries), and Japan as the key segments of this market.
The research report further offers the estimated size of the worldwide market for engine air filters for 2017 and makes predictions for the period of the forecast. The global market size of engine air filter has been provided in terms of revenue and kilo tons. The market figures have been estimated on the basis of the key segments of engine air filter and the market size and forecast for each of the segments have been provided in terms of global and regional markets.
Companies Mentioned in the Report
The research study also includes an in-depth assessment of the highly competitive business landscape in the global market for engine air filters by reviewing the profiles of the leading market players and studying their existing and upcoming projects. Sogefi SpA, Donaldson Co. Inc., Mahle International GmbH, UFI Filters Spa, MANN+HUMMEL, Cummins Inc., Parker Hannifin Corp., K & N Engineering Inc., Denso Corp., and Robert Bosch are some of the leading participants in this market, mentioned in this research study.