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Automotive Filters Market Share

Name: Automotive Filters Market Share, Global Report 2019-2025
Creator: Global Market Insights
License: https://www.gminsights.com/privacy-policy

Report ID: GMI497
Published Date: Oct 2019
Report Format: PDF

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Automotive Filters Market Share

Some of the major companies operating in the automotive filters market are:

MANN+HUMMEL
Robert Bosch
Toyota Boshoku
Cummins, Inc
Parker Hannifin Corp
Ahlstrom Corporation
Denso
Mahale GmbH
Hengst SE
Lydall, Inc.

Key industry participants operating in the market are adopting strategies such as mergers, acquisitions, collaborations, new product developments and launches to enhance their existing offerings and expansion of their portfolio for targeting a widespread customer base. For instance, in December 2016, Parker Hannifin Corp. announced the acquisition of Clarcor Inc. for approximately USD 4.3 billion. The acquisition will enhance the company’s filtration business portfolio with addition of new complementary product lines and increase in market share.

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of automotive filters was USD 12.82 billion in 2018.

The industry share of automotive filters is projected to witness more than 6.3% growth rate during 2019 to 2025.

The demand for automotive aftermarket components is high owing to easy availability and low cost over OEM products. OEMs are comparatively priced higher as a result consumer are more inclined towards alternatives with similar technical specification and performance.

As per the GMI analysts, the industry growth is estimated to be over 5% in the next 5-6 years.

The Asia Pacific automotive filters market is expected to witness growth at over 6.5% CAGR from 2019 to 2025 due to favorable FDI policies on aftermarket parts manufacturing and government regulations focused on reducing the carbon emissions; according to the study report by Global Market Insights, Inc.

The automotive filters market size surpassed USD 12.8 billion in 2018 and is poised to grow at around 6.3% CAGR from 2019 to 2025.