Global Automotive Filters Market is Expected to Reach $12.10 billion by 2023
Market Research Report on Global Automotive Filters Market
RAIPUR, INDIA, February 1, 2018 /EINPresswire.com/ --Report Sellers has added a new market research report “Automotive Filters - Global Market Outlook (2017-23)” to its offerings.
According to Report, the Global Automotive Filters Market is 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.
Some of the key players in Automotive Filters Market include 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, UFI Filters, ACDelco, MAHLE GmbH, Mann Hummel GmbH, K&N Engineering Inc., K&N Engineering Inc., Freudenberg & Co. KG, Champion Laboratories, Denso Corporation and Toyota Boshoku Corporation.
Browse through the complete description and in-depth TOC on “Global Automotive Filters Market”
https://www.reportsellers.com/market-research-report/Automotive-Filters---Global-Market-Outlook-2017-2023
What does the Report Offers
• Market share assessments for the regional and country level segments
• Market share analysis of the top industry players
• Strategic recommendations for the new entrants
• Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
Report Scope
Global Automotive Filters Market has been segmented by filter type covered, vehicle type covered, filter media covered, end use covered and regions covered
Filter Type Covered:
Air Filters
Oil Filters
Fuel Filters
Hydraulic Filters
Other Filter Types
Vehicle Type Covered:
Off-Road Vehicles
Lawn Mower
Two 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
Regions Covered:
North America
US
Canada
Mexico
Europe
Germany
France
Italy
UK
Spain
Rest of Europe
Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
South America
Argentina
Brazil
Chile
Rest of South America
Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa
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