Automotive Filters Market 2018 Global Size, Share, Industry Challenges, Opportunities, Trends, Competitive Landscape, Growth Factors, And Regional Forecast To 2023
Automotive Filters Market 2018 Global Forecast to 2023 Report is latest depth analysis research on Global Automotive Filters Market Size, Share, Industry Challenges, Opportunities, And Regional Outlook with Forecast To 2023.
Pune, India – September 28, 2018 /MarketersMedia/ —
The Global Automotive Filters Market Is Expected to Register High Growth Rate During the Forecast Period. The report studies key players, providing a six-year annual trend analysis that highlights market size, volume, and share for North America, Europe, Asia Pacific, and Rest of the World.
Automotive Filters Global Market Key Companies Analyzed In Report Are:
Robert Bosch GmbH (Germany), ALCO filters (Germany), Lydall Inc. (Japan), Toyota Boshoku Corporation (Japan), Mahle GmbH (Germany), Mann+Hummel, Clarcor Inc. (Germany), ACDelco Inc. (U.S.), Cummins Inc. (U.S.), Denso Corporation (Japan), Hollingsworth & Vose Co. Inc. (U.S.), Donaldson Company Inc (U.S.).
Get Sample Copy Of “Automotive Filters Market Research – Global Forecast to 2023” Of 100 pages Report at: https://www.marketresearchfuture.com/sample_request/6149
Automotive Filters Global Market Highlights:
Automotive filters are used in preventing harmful contaminants such as dirt, dust, and grit from entering our engine. Filters play a big role in improving the efficiency of the vehicle. All modern vehicles are equipped with different filters to upgrade the vehicle efficiency. Filters are used in vehicles for air purity, fuel purity, emission exhaust purity, and oil purity. Additionally, more filters are used for cabin air purification.
In Europe, vehicles are responsible for about 12% of the total emissions of CO2. According to the America Lung Association (ALA), there are 30,000 deaths every year due to car emissions, annually, in the U.S., only. Growing awareness regarding automotive filters for better fuel economy and engine life will drive the market. Counterfeiting of products are a major challenge for manufacturers as they do not offer the highest quality and do not add to the growth of the market.
Automotive Filters Market Growth Factors and Restraints:
The global automotive filters market has seen a remarkable growth; expected to expand with the CAGR of ~4.96%. Strict government regulations regarding fuel emissions are expected to drive the global market. Growing health concern among consumers will further increase the sales of the filters. Growing awareness and increase in demand for automotive filters will create opportunities for new entrants. Moreover, in 2016, Europe introduced acceptable limits of exhaust emission from vehicles and this news has increased the sales and demand for automotive filters.
According to Automotive Aftermarket Suppliers Association (AASA), as a result of service parts counterfeiters in 2015 the market incurred a loss of around USD 12 billion every year, USD 3 billion of which is estimated to be for the U.S. market, only. However, counterfeiting of products will be a major challenge for manufacturers. Moreover, the unavailability of original products will hamper the growth of the market. Counterfeiting in aftermarket is also a major restraint for the market.
Regional Analysis:
In terms of region, the global market for automotive filters is divided into North America, Europe, Asia Pacific and Rest of the World.
Asia Pacific is expected to hold the major market revenue share over the forecast period. Lower labor cost, a high demand for vehicles, and improved infrastructure are the major reasons behind the growth of the region. Asia Pacific held more than 40% of the total market in 2016 and it is expected to grow during the forecast period.
On the other hand, U.S. and Canada are expected to grow over the forecast period owing to increased sales of automobile and growing awareness about emission control. In the future, government regulations in Europe are becoming stricter every year. This means that the manufacturers need to be well aware of the regulatory requirement.
Market Segments Analysis:
For better understanding the Automotive Filters Market is segmented by Type (Fuel Filter, Air Filter, Oil Filter and Emission Filter), Sales (OEM, IAM, OES, Aftermarket), Application (Passenger Vehicle (PV), LCV, HCV,2-wheeler) and Region.
REPORT CONTENT:
CHAPTER 1. METHODOLOGY AND SCOPE
1.1. RESEARCH METHODOLOGY
1.1.1. INITIAL DATA EXPLORATION
1.1.2. STATISTICAL MODELING AND FORECAST
1.1.3. INDUSTRY INSIGHTS AND VALIDATION
1.2. DATA SOURCES
CHAPTER 2. EXECUTIVE SUMMARY
2.1. AUTOMOTIVE FILTERS INDUSTRY 3600 SYNOPSIS, 2012 – 2023
2.1.1. BUSINESS TRENDS
2.1.2. COMPONENT TRENDS
2.1.3. VEHICLE TYPE TRENDS
CHAPTER 3 AUTOMOTIVE FILTERS INDUSTRY INSIGHTS
3.1 INDUSTRY SEGMENTATION
3.2 INDUSTRY SIZE AND FORECAST
3.3 INDUSTRY ECOSYSTEM ANALYSIS
3.4 INDUSTRY IMPACT FORCES
3.4.1 GROWTH DRIVERS
3.5 GROWTH POTENTIAL ANALYSIS
3.6 COMPANY MARKET SHARE ANALYSIS, 2015
3.7 PORTER’S ANALYSIS
3.8 PESTEL ANALYSIS
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