DUBLIN—Research and Markets has announced the addition of the "Global Automotive Filter Market Insights, Opportunity Analysis, Market Shares and Forecast, 2017 - 2023" report to their offering.
The automotive filter market is anticipated to rise with a CAGR of about 8.3% during the forecast period of 2016-2023. The market has been valued at $5.0 billion by the year 2016 and is depicted to generate a revenue of about $9.5 billion by the year 2023.
Rising awareness towards automotive filters for better fuel efficiency and engine life is promoting immense growth in the automotive filter market. Some other factors such as surging growth in the global automobile production, stringent government norms to reduce carbon emission, increasing growth in spare part market in Asia Pacific region also helps to promote the growth in the automotive filter market. Furthermore, rising sales in electric vehicles across the globe act as a major restraining factor in the automotive filter market.
Utilization of automotive filters has increased owing to benefits associated with them that includes improvements in the fuel efficiency of vehicle, lower carbon emission and enhancement in the engine performance and life. According to the study, utilization of air filters in trucks and their proper maintenance helps to save annual fuel cost by about $900 per truck. According to study, about 3%-4% of engine performance is enhanced after replacement of automotive filters. Regular maintenance of fuel filter and replacement of old filters with new filters is promoted by automotive manufacturers after every 30,000 to 40,000 kilometers. This has increased the awareness of many consumers for timely replacement of air, oil and fuel filter by many consumers in order to increase the engine performance and vehicle mileage.
Companies Mentioned
- Robert Bosch Gmbh
- Alco Filters
- Freudenberg & Co. Kg
- Hengst Se & Co. Kg
- Toyota Boshoku Corporation
- Mahle Gmbh
- Mann+Hummel
- Clarcor Inc.
- Acdelco Inc.
- Cummins Inc.
- Denso Corporation
- Purofil Auto Pvt. Ltd
- Hollingsworth & Vose Co. Inc.
- Donaldson Company Inc.
Key Topics Covered:
1. Introduction
2. Market Overview
3. Market Determinants
4. Market Segmentation
5. Competitive Landscape
6. Geographical Analysis
7. Company Profiles
For more information about this report visit http://www.researchandmarkets.com/research/gsz55v/global_automotive
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Related Topics: Filters
