According to a new market research report published by Global Insight Services “Automotive Filters Market is expected to reach US$ XX bn by 2031”. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
Automotive filters are devices that are used to remove impurities from the air, fuel, or oil in a vehicle. They are an essential part of a vehicle’s engine and help to keep it running smoothly. There are a variety of different types of automotive filters, each of which is designed to remove a specific type of impurity. The most common types of automotive filters are air filters, fuel filters, and oil filters.
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Key Players
The major players in the automotive filter market are Robert Bosch GmbH, Cummins Inc., MANN+HUMMEL GmbH, Donaldson Company, Inc., ALCO filters, Lydall Inc., Toyota Boshoku Corporation, Mahle GmbH, Clarcor Inc., and DENSO Corporation.
Key Trends
The automotive filter market is driven by the increasing demand for passenger cars and light commercial vehicles. The market is further driven by the stringent emission norms set by various governments across the globe. The automotive filter market is classified into oil filter, air filter, fuel filter, and cabin filter. The oil filter segment is anticipated to grow at the highest CAGR during the forecast period. The air filter segment is estimated to be the largest market in 2021, followed by the oil filter segment. The increase in demand for passenger cars and light commercial vehicles is the major factor driving the growth of the automotive filter market.
The cabin filter segment is estimated to grow at the second-highest CAGR during the forecast period. The fuel filter segment is anticipated to grow at a moderate CAGR during the forecast period. The aftermarket segment is estimated to be the largest market in 2021, followed by the original equipment manufacturer (OEM) segment. The OEM segment is anticipated to grow at a higher CAGR during the forecast period. The Asia-Pacific region is estimated to be the largest market for automotive filters in 2021, followed by North America. The automotive filter market in the Asia-Pacific region is anticipated to grow at the highest CAGR during the forecast period.
Key Drivers
The automotive filters market is expected to grow at a CAGR of 6.4% from 2021 to 2031. The market is driven by the increasing demand for vehicles, the stringent emission norms, and the need for effective filtration of particulate matter and other contaminants.
The automotive industry has been growing at a rapid pace, owing to the increasing demand for vehicles, particularly in the emerging economies. The rise in the number of vehicles on the road has led to an increase in the demand for automotive filters. The automotive filters market is expected to be driven by the stringent emission norms that have been implemented by various governments across the globe. The emission norms are becoming more stringent with the introduction of Euro 6 and other similar regulations. The automotive filters market is also driven by the need for effective filtration of particulate matter and other contaminants from the engine oil, fuel, and air.
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Key Market Segments
The automotive filter market is bifurcated by filter type, application, distribution channel, and geography. By filter type, the market is divided into fuel filter, engine oil filter, engine air filter, cabin air filters, and others. Based on application, the market is segmented into commercial vehicles and passenger cars. On the basis of distribution channel, the market is segmented into OEM and aftermarket. By geography, it is studied across North America, Europe, Asia-Pacific, and rest of the World.
Reasons to buy Automotive Filters Market Report:
- Develop comprehensive understanding of market landscape – industry structure, value-chain, key players, trends, drivers, and challenges
- Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
- Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
- Develop business and M&A strategies through understanding of latest trends and emerging players in the market
- Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
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Key Questions answered in the report:
- How is the market structured and what the key drivers and trends of this industry?
- How is the market segmented and what is the size of each segment?
- Which segments and geographies provide best growth opportunities?
- What’s the competitive landscape and positioning of players in this market?
- What is the impact of latest events such as Covid-19 and Russia-Ukraine conflict on the market?
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