Automotive Filter Market (By Type: Air Filter, Fuel Filter, Oil Filter, Emission Filter; By Sales: OES, OEM, IAM, Aftermarket; By Application: LCV, Passenger Vehicle (PV), HCV, 2-wheeler) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026
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The global automotive filter market size is expected to reach over 29.6 USD Billion by 2026 and is expected to grow at a CAGR of 3.5% during the forecast period, 2019–2026.
Automotive Filter is used in the filtration of the petrol, oil and air excused in the automotive vehicles. During last few years there is a significant increase in the number of the automotive vehicles across the globe which has boosted the demand for the automotive filter across the globe. The demand for automotive, especially in the developing countries, is growing rapidly on account of economic growth, which is projected to drive market growth during the forecast period 2019–2026. For instance, according to Automotive Production Statistics by International Organization of Motor Vehicle Manufacturers (OICA) in 2017, a total number of automotive produced was 97,302,534 units which include which cars and commercial vehicles; Whereas in 2016, it was 94,976,569. However, China was the major contributor to the global automotive production followed by Japan. China produced 24,806,687 cars and 4,208,747 commercial vehicles, whereas Japan produced 8,347,836 and 1,345,910 cars and commercial vehicles respectively. Continuously in demand for the automotive vehicles has increased the demand for the automotive filter therby, driving the automotive filter market growth.
Being a competitive market a number of players have used the strategy of acquisition and collaboration to sustain in the market. MANN+HUMMEL one of the major player in the automotive filter market has completed its acquit ion of Tri-Dim Filter Corporation, an U.S. based air filtration company. Earlier the company, has acquire the Affinia Group, manufacturer of the WIX and FILTRON brand of filters. This acquisition has helped in the expansion of the market across the globe. Many other companies are continuously focusing on the development of the new and advanced products for the development of the automotive filter and increase the share in the global automotive filter market.
The market research study on “Automotive Filter Market - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 – 2026” offers a detailed outlook, strategic recommendations, and insightful viewpoints on the global Automotive Filter market. The report also analyzes the key players operating in Automotive Filter market and identifies the key strategies deployed by them along with the market share of leading players.
The global Automotive Filter market is segmented as below:
Automotive Filter Market by Type
- Air Filter
- Fuel Filter
- Oil Filter
- Emission Filter
Automotive Filter Market by Sales
- OES
- OEM
- IAM
- Aftermarket
Automotive Filter Market by Application
- LCV
- Passenger Vehicle (PV)
- HCV
- 2-wheeler
Automotive Filter Market by Geography
- North America
- US
- Canada
- Mexico
- Europe
- UK
- France
- Sweden
- Norway
- Denmark
- Netherlands
- Rest of Europe
- Asia-Pacific
- China
- Japan
- South Korea
- Singapore
- India
- Rest of Asia-Pacific
- Rest of the World
- UAE
- Qatar
- Saudi Arabia
- South Africa
- Rest of the World
Global Automotive Filter market is segmented by type, sales, and application.
Based on the type, the automotive filter market is segmented into air filter, fuel filter, oil filter and emission filter. Fuel filter hold the major share in the global market.
Based on the sales, the automotive filter market is segmented into OES, OEM, IAM, and aftermarket.
On the basis of application, the automotive filter market is segmented into LCV, Passenger Vehicle (PV), HCV, 2-wheeler. 2-wheeler holds the major share in automotive filter in terms of volume. Presence of huge number of vehicles across the globe coupled with increasing demand for the 2-wheeler vehicles have boosted the market for the automotive filter for 2-wheeler application across the globe.
Geographically, the automotive filter market has been segmented into North America, Europe, Asia Pacific, and Latin America and the Middle East & Africa (LAMEA).
North America dominates the global automotive filter market owing to the growing adoption of automotive vehicles and increased investment in the countries such as the U.S. and Mexico are driving the market growth in North America. Growing interest in digital technology and innovative mobility has increased the adoption of automotive, thereby driving the global automotive filter market. For instance, according to Oak Ridge National Laboratory (ORNL) transportation analysis in 2016, about 322,000 medium/heavy trucks were produced in the United States, which is 63% of North America’s total production. Additionally, Mexico accounted for 35% of total North America production. Increased focus on improving fuel efficiency is compelling the manufacturers to meet the consumers’ demand that makes the vehicle lighter automotive filter and safe is fueling the automotive filter market growth further
Europe accounts for the second leading share in the global automotive filter market. Strict rules and regulations imposed by the European Union to limit vehicular emission are expected to offer a huge platform for the manufacturers. Furthermore, European automobile companies are investing a huge amount on R&D to develop technology than can meet the emission standards is also facilitating the market growth. In 2015, Volkswagen Group received funding of about 4 billion euros from the European Investment Bank for developing clean automotive components.
Growing demand for light vehicles segment is likely to affect the market growth positively during the assessment period, 2018–2025. According to the European Automobile Manufacturers Association ‘Vehicle in use’ report 2017, European passenger car production has been grown by 4.5% over the last five years; the total count of the vehicles went from 241 million to 252 million. Moreover, huge investment, presence of major players and rising demand for the automotive filter supported the growth of the market.
Asia Pacific holds the fastest growth in the automotive filter market owing to the presence of huge manufacturing companies. Low labour cost for manufacturing, and availability of huge raw material have driven the market of automotive filter in Asia Pacific region. On the other hand, LAMEA holds the lease share in the market.
Some of the major players in the market are MANN+HUMMEL, MAHLE GmbHM, Ahlstrom Corporation, Valeo SA, Robert Bosch GmbH, FRAM Group IP LLC, K&N Engineering Inc., Denso Corporation, UFI Filters, Sogefi S.p.A, Donaldson Company Inc., Champion Laboratories, Airmatic Filterbau GmbH, Alco Filters Ltd., Cummins Inc., Hengst SE & Co. KG, Freudenberg & Co. KG, EuroGielle S.r.l, Hollingsworth & Vose Company, ACDelco, AND Others.