DUBLIN, May 16, 2016 /PRNewswire/ --
Research and Markets has announced the addition of the "The Global Automotive Filter Market 2016-2021: Trend, Forecast and Opportunity Analysis" report to their offering.
The global automotive filter market is forecast to grow at a CAGR of 4.9% from 2016 to 2021
The major drivers of growth for this market are increase in the production of vehicles, increasing focus of vehicle owners on preventive maintenance, increasing average age of vehicles in operation, and increasing miles driven per vehicle.
In this market, oil filter, air filter, fuel filter, and cabin air filter are some of the major segments of automotive filters. On the basis of its comprehensive research, the author forecasts that the fuel filter and cabin air filter segments are expected to show above average growth during the forecast period.
Within the global automotive filter market, the oil filter segment is expected to remain as the largest market. Rising vehicle production and increasing demand from original equipment manufacturer (OEM) and aftermarket is expected to spur growth for this segment over the forecast period.
Asia Pacific is expected to remain the largest market due to high vehicle production, improvement in the economic conditions, and increasing investments by the industry players within the APAC region.
North America and Asia Pacific are expected to witness significant growth over the forecast period because of rapidly increasing demand of filters in OEMs as well as the aftermarkets of China, India, and Germany.
For market expansion, report suggests innovation and new product development to enhance the filter performance. The report further suggests the development of partnerships with customers to create win-win situations and development of low-cost solutions for customers.
Emerging trends, which have a direct impact on the dynamics of the industry, include the development of filters with organic materials, development of polyurethane-based adhesive filters, and customizable air filter concept.
Key Topics Covered:
1. Executive Summary
2. The Automotive Filter Market Background and Classifications
3. Market Trends and Forecast Analysis
4. Competitor Analysis
5. Growth Opportunity and Strategic Analysis
6. Company Profiles of Leading Players
- Donaldson Company Inc.
- Mahle International GmbH
- Mann+Hummel Holding GmbH
- NGK Insulators Ltd.
- Sogefi SpA
For more information visit http://www.researchandmarkets.com/research/lrnzp4/the_global
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SOURCE Research and Markets