About Automotive Filters
The global automotive filters market is diverse, and manufacturers focus on technological innovations to improve the efficiency of vehicles. Filters are primarily used for removing dust particles, minerals, and other impurities that enter the engine through oil, cabin, or the fuel. Clean fuel significantly enhances engine power, improves efficiency, helps achieve fuel economy, and reduces carbon emissions. In addition, filtered and clean oil ensures smooth functioning of engine parts and prevents them from wearing out. Factors such as the rising concerns over fuel efficiency and the implementation of stringent fuel emission norms are likely to drive the global automotive filters market during the forecast period.
Technavio’s analysts forecast the global automotive filters market to grow at a CAGR of 7.85% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global automotive filters market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Automotive Filters Market 2017-2021
Technavio recognizes the following companies as the key players in the global automotive filters market: DENSO, K&N Engineering, MANN+HUMMEL, and Robert Bosch.
Other Prominent Vendors in the market are: Ahlstrom-Munksjö, MAHLE, and Sogefi.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is increasing varieties of fuel filters to suit different applications. The use of clean fuel in ICEs engines improves engine efficiency and curbs carbon emission. In the combustion chamber, the fuel is contaminated by unwanted particles such as pollens, dust, liquid droplets, and rust. Unwanted particles enter the tank during refueling at fuel stations. These unwanted particles can clog the critical components of the engine such as the carburetor, injector, and fuel pump. Impurities in the fuel can cause serious damage to the engine. Fuel filters play an important role in removing unwanted particles from vehicles.”
According to the report, one driver in the market is transportation of goods by roads. Growing preference for road transportation for last mile delivery and the subsequent increase in the use of heavy-, medium-, and light-duty vehicles in emerging countries such as China and India will reduce the demand for rail transport. In China, huge traffic congestions are caused by large heavy-duty trucks transporting goods from Inner Mongolia to Beijing. One of the main reasons for opting road transport for transporting cargo is the limited number of rail freight services available in the country. Lack of sufficient freight services has led companies to choose roadways as a reliable mode of transportation.
Further, the report states that one challenge in the market is rising demand for EVs. Currently, the traditional ICE vehicles dominate the market because of their tested and proven engine mechanism and performance. However, in the past few years, EVs have gained huge popularity. Factors such as climate change and global warming have led consumers to shift from conventional to green products. The global electric vehicle market is flourishing due to numerous benefits and subsidies provided by governments and increased awareness about the harmful effects of greenhouse gases. Other factors such as stringent carbon emission norms targeting OEMs and the rising preference for and EVs have fueled the demand for EVs.
DENSO, K&N Engineering, MANN+HUMMEL, and Robert Bosch, Ahlstrom-Munksjö, MAHLE, and Sogefi.