Global opportunity in automotive filter market: Lucintel anticipates increasing average age of vehicles in operation and rapid technological advancements to catalyze growth within the next five years


   March 7 2017
According to a new market report published by Lucintel, the future of the global automotive filter market looks good with opportunities in the OEM and aftermarkets. The global automotive filter market is forecast to grow at a CAGR of 4.9% from 2016 to 2021. The major drivers of growth for this market are increase in the production of vehicles, increasing focus of vehicle owners on preventive maintenance, increasing average age of vehicles in operation, and increasing miles driven per vehicle.

Browse 34 market data tables and 58 figures spread through 120 pages and in-depth TOC on “Global Automotive Filter Market" http://www.lucintel.com/automotive_filter_market_2021.aspx

In this market, oil filter, air filter, fuel filter, and cabin air filter are some of the major segments of automotive filters. On the basis of its comprehensive research, Lucintel forecasts that the fuel filter and cabin air filter segments are expected to show above average growth during the forecast period.

Download Free PDF Brochure@ http://www.lucintel.com/rb/automotive_filter_market_2021.aspx

 

Within the global automotive filter market, the oil filter segment is expected to remain as the largest market. Rising vehicle production and increasing demand from original equipment manufacturer (OEM) and aftermarket is expected to spur growth for this segment over the forecast period.

Asia Pacific is expected to remain the largest market due to high vehicle production, improvement in the economic conditions, and increasing investments by the industry players within the APAC region.

North America and Asia Pacific are expected to witness significant growth over the forecast period because of rapidly increasing demand of filters in OEMs as well as the aftermarkets of China, India, and Germany.

 

For market expansion, report suggests innovation and new product development to enhance the filter performance. The report further suggests the development of partnerships with customers to create win-win situations and development of low-cost solutions for customers.

 

Pre-Purchase Query@ http://www.lucintel.com/pq/automotive_filter_market_2021.aspx

 

Emerging trends, which have a direct impact on the dynamics of the industry, include the development of filters with organic materials, development of polyurethane-based adhesive filters, and customizable air filter concept. Mann+Hummel Holding GmbH, Mahle International GmbH, Donaldson Company, Inc., Sogefi SpA and NGK Insulators Ltd. are the major filter manufacturers in the global automotive filter market. Some companies are opting for merger and acquisition as strategic initiatives for driving growth.

 

Lucintel, a leading global strategic consulting and market research firm, has analyzed the global automotive filter market by product types, end use, and region and has come up with a comprehensive research report, The Global Automotive Filter Market 2016-2021: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a springboard for growth strategy, as it provides a comprehensive data and analysis on trends, key drivers, and directions.

 

The study includes the forecast for the global automotive filter market through 2021, segmented by product type, end use industry type and region as follows:

 

Automotive filter market by product types ($ billion from 2010 to 2021):


  • Oil filter


  • Air Filter


  • Fuel Filter


  • Cabin Air Filter


 

Automotive filter market by end Use ($ billion from 2010 to 2021):


  • OEM


  • Aftermarket


 

Automotive filter market by region ($ billion from 2010 to 2021):


  • North America


  • Europe


  • Asia Pacific


  • Rest of the World


Download Free Sample Page@ http://www.lucintel.com/ds/automotive_filter_market_2021.aspx

This 120-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link http://www.lucintel.com/toc/automotive_filter_market_2021.aspx  or  helpdesk@lucintel.com

About Lucintel

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