Automotive Filters - Global Market Outlook (2017-2023)

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Oct 03, 2017, 05:47 ET

LONDON, Oct. 3, 2017 /PRNewswire/ -- According to Stratistics MRC, the Global Automotive Filters Market is accounted for $6.42 billion in 2016 and is expected to reach $12.10 billion by 2023 growing at a CAGR of 9.4% during the forecast period.

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Expanding vehicular outflow directions, worldwide increment in vehicle production and greater replacement rate are the key factors propelling the market growth. However, introduction of electric vehicles is the major restraint hindering the market growth.

Automotive Filters helps in keeping up a quality life for a vehicle. Aftermarket is significantly growing because high substitution rate and minimal effort of aftermarket parts.

A few filters are practically more grounded than OEM filters also. These variables are probably going to support the development of aftermarket and end-use segment. By geography, Asia Pacific is expected to grow at a high CAGR during the forecast period due to increase in the automobile industry in countries such as China, India and Japan and expanding ventures by business players with in this region.

By geography, Asia Pacific accounted for the largest share during the forecast period due to growing demand for efficiency and productivity coupled with the impetus to raise manufacturing activities. The developing countries of Asia Pacific are estimated to record the highest growth rate during the forecast period due to expanding production of passenger vehicles.

Some of the key players in Automotive Filters Market include Robert Bosch GmbH, Donaldson Company Inc., FRAM Group IP LLC, Hollingsworth & Vose Company, Ahlstrom Corporation, Alco Filters Ltd., Hengst SE & Co. KG, EuroGielle S.r.l, UFI Filters, ACDelco, MAHLE GmbH, Mann Hummel GmbH, K&N Engineering Inc., K&N Engineering Inc., Freudenberg & Co. KG, Champion Laboratories, Denso Corporation and Toyota Boshoku Corporation.

Filter Type Covered:
• Air Filters
• Oil Filters
• Fuel Filters
• Hydraulic Filters
• Other Filter Types

Vehicle Type Covered:
• Off-Road Vehicles
• Lawn Mower
• Two Wheelers
• Powersports
• Light & heavy commercial vehicles
• Passenger cars
• Other Vehicle Types

Filter Media Covered:
• Synthetic Filter
• Cellulose Filter
• Other Filter Medias

End-Use Covered:
• Original Equipment Supplier (OES)
• Original Equipment Manufacturer (OEM)
• Ignition Advance Multiplier (IAM)
• Aftermarket

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

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- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets
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