According to a new market report published by Lucintel, the future of the automotive filter market looks promising with opportunities in passenger cars, light commercial vehicles and heavy commercial vehicles. The automotive filter market is expected to reach an estimated $15.9 billion by 2024 and it is forecast to grow at a CAGR of 2.0% from 2019 to 2024. The major drivers of growth for this market are revival in vehicle production and sales, increased miles driven per vehicle, increase in government regulation and changes in the environmental norms, and increasing focus of vehicles owners on preventive maintenance.
In this market, engine air filter, oil filter, fuel filter, and cabin air filter are some of the major segments of the automotive filter market by product type. On the basis of its comprehensive research, Lucintel forecasts that the engine air filter and cabin air filter segments will show above average growth during the forecast period.
Passenger cars, light commercial vehicles and heavy commercial vehicles are the major segments of the automotive filter market by vehicle type. Light commercial vehicles is expected to show above average growth during the forecast period.
By end user, OEM and Aftermarket are the major segments of the automotive filer market. Aftermarket is expected to show above average growth during the forecast period.

APAC is expected to remain the largest market due to increased vehicle production and rising demand for vehicles and increasing average age of vehicles in operation have driven the demand for filters in the APAC region.

ROW and Asia Pacific are expected to witness significant growth over the forecast period because of high vehicle production and increasing need for efficiency and productivity and safety in operations increase the demand for advanced filters in OEM segment.

Emerging trends, which have a direct impact on the dynamics of the industry, include the innovation of engine air filter tight space systems in commercial vehicle filters and the development for multi-filtration system. Mann+hummel, Mahle International, Donaldson Company, NGK Insulators, and Parker Hannifan are the major filter suppliers in the automotive filter market.

Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the automotive filter market by product, vehicle type and end user, region. Lucintel has compiled a comprehensive research report entitled “Growth Opportunities in the Automotive Filter Market 2019-2024: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the automotive filter market by product, vehicle type, end user and region, as follows:

By Product ($ Billion from 2013 to 2024)
• Engine Air Filter
• Oil Filter
• Fuel Filter
• Cabin Air Filter



By Vehicle Type ($ Billion from 2013 to 2024)
• Passenger Cars
• Light Commercial Vehicles
• Heavy Commercial Vehicles
By End User ($ Billion from 2013 to 2024)
• OEM
• Aftermarket
By Region ($ Billion from 2013 to 2024)
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Russia
o United Kingdom
• Asia Pacific
o China
o Japan
o South Korea
o India
o Indonesia
• The Rest of the World
o Brazil
o Turkey
This 175-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or email us at [email protected].

About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. Lucintel offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.

This report answers the following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the automotive filter market by product (engine air filter, oil filter, fuel filter, cabin air filter), vehicle type (passenger cars, light commercial vehicles and heavy commercial vehicles), end user (OEM and aftermarket), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?