The global filter market is expected to reach an estimated $81.7 billion by 2022 and it is forecast to grow at a CAGR of 5.3% from 2017 to 2022
LONDON, Nov. 6, 2017 /PRNewswire/ -- The future of the global filter market looks promising with opportunities in the consumer, industrial, transportation, and utility industries. The global filter market is expected to reach an estimated $81.7 billion by 2022 and it is forecast to grow at a CAGR of 5.3% from 2017 to 2022. The major drivers of growth for this market are changing stringent water and waste water regulations, increasing regulations for air emission from vehicles and manufacturing plants, rapid industrialization and globalization, and growth in the automotive production.
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Emerging trends, which have a direct impact on the dynamics of the filter industry, include the introduction of multi-filtration systems, introduction of the customized air filter concept, development of polyurethane-based adhesive filters, and the development of gasoline particulate filter technology.
Filter Market TrendsFilter Market Forecast
Growth Opportunities for the Global Filter Market by Region
The study includes the filter market size and forecast for the global filter market through 2022 by product type, application, end user, and region, as follows:
Filter Market by Product Type ($ Billion from 2011 to 2022)
ICE Filter (Internal combustion engines)
Air Filter (HEPA/ULPA filter, mid/high performance filter, dust filter and bag filter)
Fluid Filter
Filter Market by Application ($ Billion from 2011 to 2022)
Transportation
Consumer Utility
Industrial
Others
Filter Market by End User ($ Billion from 2011 to 2022)
OEM
Aftermarket
Filter Market by Region ($ Billion from 2011 to 2022)
North America US Canada Mexico
Europe United Kingdom Spain France Germany Italy
Asia Pacific China India Japan Indonesia South Korea
The Rest of the World Brazil Turkey
Filter companies profiled in this market include Mann+Hummel Holding GmbH, Parker Hannifin Corporation, Danaher Corporation, Mahle International GmbH, and Donaldson Company Inc. are the major filter suppliers in the global filter market.
On the basis of its comprehensive research, Lucintel forecasts that the ICE filter and air filter segments will show above average growth during the forecast period.
OEM and aftermarket are the major segments of the global filter market by end user and the OEM segment is expected to show above average growth during the forecast period.
APAC is expected to remain the largest market due to high vehicle production, rapid industrialization, and increasing investment by the industry players within the APAC region.
Some of the features of "Growth Opportunities in the Global Filter Market 2017-2022: Trends, Forecast, and Opportunity Analysis" include:
Market size estimates: Global filter market size estimation in terms of value ($B) shipment.
Trend and forecast analysis: Market trend (2011-2016) and forecast (2017-2022) by segments and region.
Segmentation analysis: Global filter market size by various applications such as product, application, and end user in terms of value and volume shipment.
Regional analysis: Global 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 filter in the global filter market.
Strategic analysis: This includes M&A, new product development, and competitive landscape of filter in the global 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 filter market by product type (ICE filters, air filters, and fluid filters), by application (transportation, consumer, utility, industrial, and others), 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 filter market?
Q.5. What are the business risks and competitive threats in this filter market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the filter market?
Q.8. What are the new developments in the filter market? Which companies are leading these developments?
Q.9. Who are the major players in this filter market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this 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 by the major filter suppliers in the last 5 years and what has its impact been on the filter industry?
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