Auto Industry News
Auto Bailout News
Auto Show News
Car Dealers News
| Automotive News
| Submit Press Release
(I-AutoNewsWire.com, December 18, 2019 ) Market Overview
The Global Automotive Filters Market expected to gorw at a CAGR of over 5% during the forecast period (2019-2026).
The growth in automotive industry is the key driver for the growth of global automotive filters market. Moreover, increase in the technological developments for automotive filters is responsible for the growth of the industry.
Automotive filters are designed to filter out or remove contaminants such as dust, pollen, and other debris. Automotive filter aids in increasing the filter life as it helps in trapping dirt and other contaminants that can harm filter parts such as pistons and cylinders.
The report covers all the major trends and drivers playing a vital role in the growth of the Global Automotive Filters Market. The Global Automotive Filters Market has been segmented based on region, filter type, vehicle type, and sales channel.
Download free sample: https://www.datamintelligence.com/download-sample/automotive-filters-market
The Global Automotive Filters Market growth is primarily driven by various technological advancements happening in the industry, coupled with the launch of new and innovative Filters for automobiles by the market players. Moreover, expansion of global players and stringent government regulation on reducing vehicle emission are the major factors that are influencing the demand for automotive Filters.
Moreover, the rising varieties of fuel filters for different applications is one of the key trends that will contribute to the market growth. OEMs are coming up with fuel filters that can get rid of unwanted particles from the fuel. Major players in the market are offering these filters that are increasingly used in passenger cars, trucks, and vans. Cartridge filters, spin-on filters, inline filters, and metal-free filters are the different types of fuel filters in the market.
However, various microeconomic factors and high initial cost might hinder the market growth. For instance, India’s passenger vehicle industry suffered its worst sales performance in nearly 19 years in 2019; as a slowing economy, higher ownership costs, and floods in some states deterred buyers.
By vehicle type, the Global Automotive Filters Market has been segmented into two wheelers, passenger vehicles, and commercial vehicles. The passenger vehicle segment is accounted for the major shares of the automotive Filters market. Factors such as high demand, the increased sales numbers, and stringent emission norms in the developed and developing countries will contribute to the growth of this industry segment in the coming years. However, Two-wheeler segment is expected to witness highest CAGR over the forecast period owing to the rise in the two-wheelers taxi and delivery services in the developing nations like India, China, and Indonesia.
By filter type, the Global Automotive Filters Market is segmented into Air filter, Fuel Filter, and Oil Filter. In 2018, the Air filters segment accounted for the majority share in the global market. Factors such as the rising demand for automobiles and regulations of government agencies and regulatory bodies will contribute to the growth of the automotive air filters market segment over the forecast period.
By geography, the Global Automotive Filters Market is segmented into North America, Asia-Pacific (APAC), Europe, South America, and the Middle East and Africa (MEA).
In 2018, APAC dominated the Global Automotive Filters Market. In addition, China is the leading country in the region as well as globally. Most of the product demand in the Asia Pacific is fulfilled by China, India, South Korea, and Japan. This growth can be attributed to the shift of production facilities in emerging markets such as China and India owing to the lower operational expenditure as compared to that in developed regions. It is expected to witness significant growth, owing to high government spending on the infrastructure sector and rising opportunities for Foreign Direct Investment (FDI), especially in countries like China and India. However, availability of counterfeit filters in the region is expected to challenge the market growth.
North America held the second-largest market share in Global Automotive Filters Market. With continuous technological innovation, growing awareness about benefits of filters, and new product launches providing better efficiency to consumers will drive the market in the region. Europe is the third-largest region in the market, with key leading countries such as region, is Germany, Norway, France, and the UK.
Global Automotive Filters Market is fragmented with the presence of global and regional players in the market. Intense rivalry among top players in the market has started fierce competition at various levels for setting a low price, driving aggressive marketing strategies, and new and innovative product launches as per consumers’ preference.
Some major players in the market are Robert Bosch Gmbh, Mann+Hummel, Donaldson, Mahle, Sogefi, Denso, Ahlstrom-Munksjö, Acdelco, Hengst, K&N Engineering, and among others.
View full report: https://www.datamintelligence.com/research-report/automotive-filters-market
Enquiry before buying: https://www.datamintelligence.com/enquiry/automotive-filters-market
automotive fuel delivery and injection systems market
automotive glazing market
automotive infotainment systems market
DataM Intelligence was incorporated in the early weeks of 2017 as a Market Research and Consulting firm with just two people on board. Within a span of less than a year we have secured more than 100 unique customers from established organizations all over the world.
For more information:
Sales Manager at Data M Intelligence
Tel: +1 877 441 4866
+1 877 441 4866