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Automotive Filters Market Size

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 Size

Automotive Filters Market size surpassed USD 12.82 billion in 2018 and is poised to grow at around 6.3% CAGR from 2019 to 2025.

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Automotive filters are designed to help the engine of a vehicle to operate in a smooth manner, for improving the efficiency and reduction of maintenance cost of the vehicle. Filters are used in vehicles for oil purity, fuel purity, air purity, and emission exhaust purity. Their key purpose is to eradicate harmful particulates including dust and metal particles which results in vehicle performance deterioration.

Automotive filters maximize flow of clean air in order to minimize engine damage as it requires continuous supply of fresh air for its smooth operations and enhanced life span. High gasoline prices are expected to shift manufacturers focus on reduced fuel consumption. All modern vehicles including light & heavy commercial vehicles, two wheelers, and passenger cars are equipped with different filters for upgradation of power and vehicle efficiency.

Automotive Filters Market Report Attributes
Report Attribute	Details
Base Year:	2018
Automotive Filters Market Size in 2018:	USD 12.82 Billion
Forecast Period:	2019 to 2025
Forecast Period 2019 to 2025 CAGR:	6.3%
2025 Value Projection:	USD 19.62 Billion
Historical Data for:	2014 to 2018
No. of Pages:	285
Tables, Charts & Figures:	360
Segments covered:	Product, Application, End-use, Region
Growth Drivers:	North America: Growing automotive filters demand to reduce airborne contaminants in vehicles Europe: Vast automobile industry and technological advancements for controlling pollutant levels will foster product demand Asia Pacific: Growing automotive industry leading to increasing median fine part particulate matter is propelling demand for automotive air filters.
Pitfalls & Challenges:	Availability of low-quality filters results in engine degradation. Growing demand for electric vehicles may hamper automotive filter demand

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Shift in consumer preference towards diesel cars for fuel efficiency and necessity to reduce pollutants emission level is the major factor shaping industry dynamics. The automotive filters market growth is attributed to implementation stringent vehicle emissions regulations for reducing GHG emissions. Increased diesel passenger cars and commercial vehicles usage across the globe may lead to high pollution level. Henceforth, automobile manufacturers are investing in new product development to meet technical requirements of the upgraded emission norms.

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.