December 31, 2019
According to the new research report available at MarketStudyReport.com under the title ‘Automotive Filters Market Size By Product (Air Filter [Intake Filters, Cabin Filters], Fuel Filters, Oil Filters) By Application (Light & Heavy Commercial Vehicles, Two Wheelers, Passenger Cars), By Product (Cabin, Intake), By End-Use (Aftermarket, OEM), Industry Outlook Report, Regional Analysis, Application Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2025’, the global automotive filters market is anticipated to surpass USD 19 billion by the year 2025.
Growing concern regarding air pollution is fueling the need for automotive filters to reduce the contaminants present in the vehicle environment and the engine. Favorable government reforms, coupled with rising cognizance regarding the environmental benefits of efficient engine are further aiding the market expansion.
Based on product, automotive filters market is segmented into air filter, fuel filter, and oil filter. Air filters are crucial part of vehicle that regulate air movement required for the combustion of fuel. It removes smog, fumes, dirt, and other suspended particles from contaminated air which improves engine efficiency and reduces air pollution, thereby gaining traction in forthcoming years.
Speaking of oil filters, the segment is presumed to witness significant growth over the forecast period, due to its highly desirable properties to extend the life of the automotive, protect the engine from wear and tear, and help to remove contaminants such as abraded metals, carbon deposits, soot particles and dust.
In terms of application outlook, automotive filters market from passenger cars segment is presumed to register accelerated growth in the upcoming years, owing to improved capability of population to purchase vehicles, easy vehicle financing and burgeoning production of cars. The report cites that the global passenger car market will surpass USD 1.5 trillion by 2023, which in turn will fuel the segmental growth.
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As per end use spectrum, automotive filters market is bifurcated into aftermarket and OEM. Automotive filters need frequent replacements after a certain service period which fuels the aftermarket industry, leading to segmental growth. The product cost is lower in aftermarket as compared to OEM, hence explaining the consumer preference.
Considering geographical landscape, APAC automotive filters market is fueled by regional government initiatives like ‘Make in China’ and ‘Make in India’. Improved average life of vehicle and booming aftermarket services will propel the regional market growth.
Some of the vendors that operate in automotive filters market are Ahlstrom Corporation, Cummins, Inc., Neenah Paper, Inc., Denso Corporation, Roki Co., Lydall, Inc., Parker Hannifin Corp., K&N Engineering, Inc., Mahle GmbH, Toyota Boshoku Corporation, Freudenberg & Co., and Robert Bosch GmbH.
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