The global automotive filter market is expected to reach an estimated $15.7 billion by 2023 and it is forecast to grow at a CAGR of 2.2% from 2018 to 2023

NEW YORK, Feb. 28, 2018 /PRNewswire/ -- Read the full report: https://www.reportlinker.com/p05308386



The future of the global automotive filter market looks promising with opportunities in passenger cars, light commercial vehicles and heavy commercial vehicles. The global automotive filter market is expected to reach an estimated $15.7 billion by 2023 and it is forecast to grow at a CAGR of 2.2% from 2018 to 2023.

The major drivers of growth for this market are recovery in vehicle production and sales, increased miles driven per vehicle, more stringent government and environmental regulations, and increasing focus of vehicle owners on preventive maintenance.

Emerging trends, which have a direct impact on the dynamics of the automotive filter industry, include the innovation of engine air filter compact systems in commercial vehicle filters, and the development of multi-filtration systems.

Automotive Filter Market TrendsAutomotive Filter Market Forecast
Growth Opportunities for the Global Automotive Filter Market by Region

The study includes the market size and forecast for the global automotive filter market through 2023, segmented by product, vehicle type, end user and region, as follows:

Automotive Filter Market by Product Type ($ Billion from 2012 to 2023)
Fuel Filter
Engine Air Filter
Oil Filter
Cabin Air Filter

Automotive Filter Market by Vehicle Type ($ Billion from 2012 to 2023)
Passenger Cars
Light Commercial Vehicles
Heavy Commercial Vehicles

Automotive Filter Market by End User ($ Billion from 2012 to 2023)
OEM
Aftermarket

Automotive Filter Market by Region ($ Billion from 2012 to 2023)
North America US Canada Mexico Europe Germany France Russia United Kingdom Asia Pacific (APAC) China Japan South Korea India Indonesia The Rest of the World Brazil Turkey

Some of the automotive filter companies profiled in this report include Mann+hummel Holding Gmbh, Mahle International Gmbh, Donaldson Company Inc., NGK Insulators Ltd and Parker Hannifan.

On the basis of its comprehensive research, Lucintel forecasts that the engine air filter and cabin air filter segments will show above average growth during the forecast period.

Passenger cars, light commercial vehicles and heavy commercial vehicles are the major segments of the automotive filter market by vehicle type. Light commercial vehicle is expected to show above average growth during the forecast period.

APAC is expected to remain the largest region for automotive filters due to rising demand and production of vehicles along with increasing average age of vehicles in operation.

Some of the features of "Automotive Filter Market Report: Trends, Forecast and Competitive Analysis" include:
Market size estimates: Global automotive filter market size estimation in terms of value ($B) shipment.
Trend and forecast analysis: Market trend (2012-2017) and forecast (2018-2023) by segments and region.
Segmentation analysis: Global automotive filter market size by various applications such as product, vehicle, and end user, in terms of value and volume shipment.
Regional analysis: Global automotive filter market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
Growth opportunities: Analysis on growth opportunities in different applications and regions of automotive filter in the global automotive filter market.
Strategic analysis: This includes M&A, new product development, and competitive landscape of automotive filter in the global automotive filter market. Analysis of competitive intensity of the industry based on Porter's Five Forces model.

This report answers the following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the automotive filter market by product (fuel filter, engine air filter, oil filter, cabin air filter), vehicle type (passenger cars, light commercial vehicles and heavy commercial vehicles), end user (OEM and aftermarket), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this automotive filter market?
Q.5. What are the business risks and competitive threats in this automotive filter market?
Q.6. What are the emerging trends in this automotive filter market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the automotive filter market?
Q.8. What are the new developments in the automotive filter market? Which companies are leading these developments?
Q.9. Who are the major players in this automotive filter market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this automotive filter market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the automotive filter industry?

Read the full report: https://www.reportlinker.com/p05308386

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