DUBLIN--(BUSINESS WIRE)--The "Automotive Filters - Global Market Outlook (2017-2023)" report has been added to Research and Markets' offering.
The Global Automotive Filters Market accounted for $6.42 billion in 2016 and is expected to reach $12.10 billion by 2023 growing at a CAGR of 9.4% during the forecast period. Expanding vehicular outflow directions, worldwide increment in vehicle production and greater replacement rate are the key factors propelling the market growth. However, introduction of electric vehicles is the major restraint hindering the market growth.
Automotive Filters helps in keeping up a quality life for a vehicle. Aftermarket is significantly growing because high substitution rate and minimal effort of aftermarket parts. A few filters are practically more grounded than OEM filters also. These variables are probably going to support the development of aftermarket and end-use segment. By geography, Asia Pacific is expected to grow at a high CAGR during the forecast period due to increase in the automobile industry in countries such as China, India and Japan and expanding ventures by business players with in this region.
By geography, Asia Pacific accounted for the largest share during the forecast period due to growing demand for efficiency and productivity coupled with the impetus to raise manufacturing activities. The developing countries of Asia Pacific are estimated to record the highest growth rate during the forecast period due to expanding production of passenger vehicles.
Filter Type Covered:
- Air Filters
- Oil Filters
- Fuel Filters
- Hydraulic Filters
- Other Filter Types
Vehicle Type Covered:
- Off-Road Vehicles
- Lawn Mower
- Tw-Wheelers
- Powersports
- Light & heavy commercial vehicles
- Passenger cars
- Other Vehicle Types
Filter Media Covered:
- Synthetic Filter
- Cellulose Filter
- Other Filter Medias
End-Use Covered:
- Original Equipment Supplier (OES)
- Original Equipment Manufacturer (OEM)
- Ignition Advance Multiplier (IAM)
- Aftermarket
Companies Mentioned
- Robert Bosch GmbH
- Donaldson Company Inc.
- FRAM Group IP LLC
- Hollingsworth & Vose Company
- Ahlstrom Corporation
- Alco Filters Ltd.
- Hengst SE & Co. KG
- EuroGielle S.r.l
Key Topics Covered:
1. Executive Summary
2. Preface
3. Market Trend Analysis
4. Porters Five Force Analysis
5. Global Automotive Filters Market, By Filter Type
6. Global Automotive Filters Market, By Vehicle Type
7. Global Automotive Filters Market, By Filter Media
8. Global Automotive Filters Market, By End-Use
9. Global Automotive Filters Market, By Geography
10. Key Developments
11. Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/l254nq/automotive
Contacts
Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics: Filters