Trends, opportunities and forecast in automotive filter market to 2023 by product (fuel filter, engine air filter, oil filter, cabin air filter), vehicle type (passenger cars, light commercial vehicles and heavy commercial vehicles), end user (OEM and aftermarket), and region (North America, Europe, Asia Pacific, and the Rest of the World)
According to a new market report published by Lucintel, the future of the global automotive filter market looks promising with opportunities in passenger cars, light commercial vehicles and heavy commercial vehicles. The global automotive filter market is expected to reach an estimated $15.7 billion by 2023 and it is forecast to grow at a CAGR of 2.2% from 2018 to 2023.
The major drivers of growth for this market are recovery in vehicle production and sales, increased miles driven per vehicle, more stringent government and environmental regulations, and increasing focus of vehicle owners on preventive maintenance.
Browse 82 market data Tables and 116 Figures spread through 182 Pages and in-depth TOC on "Automotive Filter Market" www.lucintel.com/automotive-filter…et-2018-2023.aspx
In this market, fuel filter, engine air filter, oil filter, and cabin air filter are some of the major segments of the automotive filter market by product type.
On the basis of its comprehensive research, Lucintel forecasts that the engine air filter and cabin air filter segments will show above average growth during the forecast period.
Passenger cars, light commercial vehicles and heavy commercial vehicles are the major segments of the automotive filter market by vehicle type. Light commercial vehicle is expected to show above average growth during the forecast period.
By end user, OEM and Aftermarket are the major segments of the automotive filer market. Aftermarket is expected to show above average growth during the forecast period.
APAC is expected to remain the largest region for automotive filters due to rising demand and production of vehicles along with increasing average age of vehicles in operation.
Emerging trends, which have a direct impact on the dynamics of the industry, include the innovation of engine air filter compact systems in commercial vehicle filters, and the development of multi-filtration systems. Mann+hummel Holding Gmbh, Mahle International Gmbh, Donaldson Company Inc., NGK Insulators Ltd and Parker Hannifan are the major filter suppliers in the global automotive filter market.
The study includes a forecast for the global automotive filter market by product, vehicle type, end user and region, as follows:
By Product Type ($ Billion from 2012 to 2023)
- Fuel Filter
- Engine Air Filter
- Oil Filter
- Cabin Air Filter
By Vehicle Type ($ Billion from 2012 to 2023)
- Passenger Cars
- Light Commercial Vehicles
- Heavy Commercial Vehicles
By End User ($ Billion from 2012 to 2023)
By Region ($ Billion from 2012 to 2023)
- North America
- o US
- o Canada
- o Mexico
- o Germany
- o France
- o Russia
- o United Kingdom
- Asia Pacific (APAC)
- o China
- o Japan
- o South Korea
- o India
- o Indonesia
- The Rest of the World
- o Brazil
- o Turkey
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