The automotive filters market can be segmented into light & heavy commercial vehicles, passenger cars, and two wheelers. Passenger cars held over 50% industry share of the overall revenue in 2015. Increasing demand for passenger vehicles due to rising disposable income and health concerns over in-vehicle atmosphere may positively stimulate the industry growth.
Aftermarket automotive filters market is estimated to grow over 70% by 2023. Aftermarket enables appropriate filtration thereby providing high efficiency. The OEM segment may experience steady growth rate in the coming years.
Rapid technological advancements along with supportive government regulations have significantly stimulated automotive filters market growth over the recent years. In addition to this, accumulation of dirt and debris in vehicles tend to consume more amount of fuel which will drive the necessity of filter installations, in turn favoring automotive filter industry trends.
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Rising concern over pollution control of vehicles will further drive the automotive filter market revenue over the coming timeframe.With the expansion of the automotive industry, there has been a rapid surge in the environmental pollution. Therefore, the government worldwide is actively encouraging the use of automotive filters to curb the environmental hazards from the vehicles. Moreover, these filters prevent the vehicles from drivability issues by ensuring proper air flow to the engine, maintaining the air-fuel mixture, and facilitating the emission control systems. Huge adoption of the filters by the automobile manufacturers to ensure prolonged engine life of the vehicles will further enhance automotive filters industry growth over the coming years.
Timely replacement of filtrates helps in increasing vehicle fuel mileage by 14% and amplifies acceleration by 6% to 11%. Increasing innovation for mileage enhancement accompanied by benefits such as cost effectiveness, reduced emissions and stable fuel performance is predicted to boost the automotive filters market demand over the forecast timeline.
Automotive fuel filters Market is expected to grow by 10.5% CAGR in the forecast timeframe. Fuel powered vehicles face various challenges such as costly repairs, spark plug ignition problems, and proper engine functioning leading to rising demand for electric vehicles. Eco friendly vehicles pose a challenge to the global automotive filters market owing to benefits such as less maintenance and operational costs comparatively over the forecast timeline.
Rising concerns over climate change, environmental hazards and pollution owing to incomplete fuel combustion, release of harmful gases from vehicles has prompted the need to develop energy efficient, and environment friendly alternatives. Favorable initiatives from environmental regulatory bodies such as EPA and CCC may favorably impact the automotive filters market growth.
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Considering the global trends, Asia Pacific automotive filter market is projected to record a CAGR of 9% over the period of 2016-2023, having had 45% share in 2015. The growth can be credited to the rapid expansion of the automotive industry, mainly across India, China, and Japan.
The companies involved in the automotive filters market include Lydall, Cummins, Denso, Mann+Hummel, Mahle, Ahlstrom, etc.
Glimpse of Table of Content (ToC)
Chapter 3 Automotive Filters Industry Insights
3.1 Industry Segmentation
3.2 Industry Size and forecast, 2012 – 2023
3.3 Industry ecosystem analysis
3.3.1 Raw material trends
3.3.2 Vendor matrix
22.214.171.124 Fiber manufacturers
126.96.36.199 Wet-laid nonwovens
188.8.131.52 Filter media
184.108.40.206 Filtration system assembly
220.127.116.11 OEM/aftermarket filter systems
3.4 Regulatory landscape
3.5 Industry Impact forces
3.5.1 Growth drivers
18.104.22.168 Growth of automotive industry in BRIC nations
22.214.171.124 Enhanced engine life and fuel efficiency
3.5.2 Industry pitfalls and challenges
126.96.36.199 Growth in global electric vehicles industry
188.8.131.52 Volatile raw material prices
3.6 Growth potential analysis
3.7 Porter’s analysis
3.8 Company market share analysis, 2015
3.8.1 Strategic landscape
3.9 PESTEL analysis
Chapter 4 Automotive Filters Product Insights
4.1 Automotive filters market share by product, 2015 & 2023
4.2 Air Filters
4.2.1 Global air filters market, 2012 – 2023
4.2.2 Global air filters market, by region, 2012 – 2023
4.2.3 Intake air filters
184.108.40.206 Global intake air filters market, 2012 – 2023
220.127.116.11 Global intake air filters market, by region, 2012 – 2023
4.2.4 Cabin air filters
18.104.22.168 Global cabin air filters market, 2012 – 2023
22.214.171.124 Global intake air filters market, by region, 2012 – 2023
4.3 Fuel Filters
4.3.1 Global fuel filters market, 2012 – 2023
4.3.2 Global fuel filters market, by region, 2012 – 2023
4.4 Oil Filters
4.4.1 Global oil filters market, 2012 – 2023
4.4.2 Global oil filters market, by region, 2012 – 2023
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