SELBYVILLE, Del., Nov. 1, 2019 /PRNewswire/ -- According to a new Global Market Insights report titled, "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 automotive filters market size is slated to surpass USD 22 billion by 2025.
The automotive filters market growth from 2019 to 2025 is owing to a high replacement rate due to need for maintenance of power and performance of the vehicle. Strong dust holding capacity and filtering efficiency provide maximum protection to the vehicle from harmful contaminants are key driving factors. These filters maximize vehicle performance and increase flow of clean air into the engine, resulting in high power, and reduction in fuel consumption of vehicle. Routine vehicle inspections by governments in order to check vehicle fitness and ensures vehicle adherence to regulations has further increased the filter installation in vehicles.
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Some of the regional growth drivers are:
1 North America: Growing automotive filters demand to reduce airborne contaminants in vehicles
2 Europe: Vast automobile industry and technological advancements for controlling pollutant levels will foster product demand
3 Asia Pacific: Growing automotive industry leading to increasing median fine part particulate matter is propelling demand for automotive air filters
Passenger vehicles segment to witness a growth rate of around 6.6% globally
The passenger vehicle segment is projected to grow sharply over the forecast timeline. Growing passenger cars demand owing to rising disposable incomes will promote automotive filters market demand. Europe led by Germany is one of the largest producers of passenger cars. European Union produced approximately 19.2 million motor vehicles which accounted for 20% of total motor vehicles produced globally.
Passengers entering into vehicle can suffer from numerous health risks owing to toxic emissions from exhaust of vehicle. Cabin air filters help to maintain the quality of cabin air by filtering pollutants thus maintaining clean air inside the cabin. Additionally, rising passenger car production in countries including India and China owing to supportive FDI climate along with low production cost will further augment industry development.
Browse key industry insights spread across 200 pages with 145 market data tables & 27 figures & charts from the report "Automotive Filters Market Share & Forecast, 2019 – 2025" in detail along with the table of contents:
Vehicle emission standards in the U.S. will accelerate automotive filter industry growth
North America automotive filters market size is anticipated to witness gains on account of growing vehicles on the road along with growing emissions in the region. North American aftermarket is projected to surpass USD 60 billion by 2021 owing to growing aftermarket components demand along with increasing focus on periodic maintenance will further propel the regional demand.
The companies operating in the automotive filters market are focusing on offering production capacity expansion, adoption of online distribution channels, mergers, and acquisitions to capture significant market share. As the demand for product increases, the competitive landscape is expected to become more intense with key industry participants focusing more on aggressive pricing, raw material procurement, and technology development to stay ahead of competition. Some key players include Robert Bosch, MANN+HUMMEL, Cummins, Inc., Toyota Boshoku, Parker Hannifin Corp, Mahale GmbH, etc.
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Partial chapters from report table of content (TOC):
Chapter 2 Executive Summary
2.1 Automotive filters industry 3600 synopsis, 2014 - 2025
2.1.1 Business trends
2.1.2 Regional trends
2.1.3 Product trends
2.1.4 Application trends
2.1.5 End-use trends
Chapter 3 Automotive Air Filters Market Industry Insights
3.1 Industry segmentation
3.2 Industry landscape, 2014 – 2025
3.3 Industry ecosystem analysis
3.3.1 Vendor Matrix
3.3.2 Distribution channel analysis
3.4 Regulatory landscape
3.5 Raw material analysis
3.6 Technology Landscape
3.7 Cost Structure Analysis
3.7.1 Component/ material costs
3.7.2 Manufacturing and labour costs
3.7.3 Technology/ equipment costs
3.7.5 Oil Filters
220.127.116.11 Component/ material costs
18.104.22.168 Manufacturing & labor costs
22.214.171.124 Technology/ equipment costs
3.7.6 Fuel Filters
126.96.36.199 Component/ material costs
188.8.131.52 Manufacturing & labor costs
184.108.40.206 Technology/ equipment costs
3.7.7 Air Filters
220.127.116.11 Component/ material costs
18.104.22.168 Manufacturing & labor costs
22.214.171.124 Technology/ equipment costs
3.8 Industry impact forces
3.8.1 Growth drivers
3.8.2 Industry pitfalls & challenges
126.96.36.199 Availability of low-quality filters results in engine degradation.
188.8.131.52 Growing demand of electric vehicles may hamper automotive filter demand.
3.9 Growth Potential Analysis, 2018
3.9.1 Emerging Business Model
184.108.40.206 Collaborations/Joint Ventures
220.127.116.11 New product launch
3.10 Porter's analysis
3.11 Competitive landscape
3.11.1 Company market share analysis, 2018
3.11.2 Strategy dashboard
3.12 PESTEL analysis
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Automotive Filter Market Size to surpass $22bn by 2025
Automotive Filter Market size is slated to surpass USD 22 billion by 2025; according to a new research report by Global Market Insights, Inc.
SOURCE Global Market Insights Inc.