According to a new market report published by Lucintel, the future of the automotive filter market looks promising with opportunities in passenger cars, light commercial vehicles and heavy commercial vehicles. The automotive filter market is expected to reach an estimated $15.9 billion by 2024 and it is forecast to grow at a CAGR of 2.0% from 2019 to 2024. The major drivers of growth for this market are revival in vehicle production and sales, increased miles driven per vehicle, increase in government regulation and changes in the environmental norms, and increasing focus of vehicles owners on preventive maintenance.
Browse 82 market data tables and 116 figures spread through 182 pages and in-depth TOC on “Automotive Filter Market"
To download report brochure, please go to https://www.lucintel.com/automotive-filter-market.aspx and click "report brochure" tab
In this market, engine air filter, oil filter, fuel 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 vehicles 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 market due to increased vehicle production and rising demand for vehicles and increasing average age of vehicles in operation have driven the demand for filters in the APAC region.
ROW and Asia Pacific are expected to witness significant growth over the forecast period because of high vehicle production and increasing need for efficiency and productivity and safety in operations increase the demand for advanced filters in OEM segment.
Emerging trends, which have a direct impact on the dynamics of the industry, include the innovation of engine air filter tight space systems in commercial vehicle filters and the development for multi-filtration system. Mann+hummel, Mahle International, Donaldson Company, NGK Insulators, and Parker Hannifan are the major filter suppliers in the automotive filter market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the automotive filter market by product, vehicle type and end user, region. Lucintel has compiled a comprehensive research report entitled “Growth Opportunities in the Automotive Filter Market 2019-2024: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the automotive filter market by product, vehicle type, end user and region, as follows:
By Product ($ Billion from 2013 to 2024)
Engine Air Filter
Oil Filter
Fuel Filter
Cabin Air Filter
By Vehicle Type ($ Billion from 2013 to 2024)
Passenger Cars
Light Commercial Vehicles
Heavy Commercial Vehicles
By End User ($ Billion from 2013 to 2024)
By Region ($ Billion from 2013 to 2024)
North America
Europe
Germany
France
Russia
United Kingdom
Asia Pacific
China
Japan
South Korea
India
Indonesia
The Rest of the World
This 182-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 https://www.lucintel.com/automotive-filter-market.aspx or helpdesk@lucintel.com.
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