Global Filters Market, By Product Type (Internal Combustion Engine Filters, Air Filters, Fluid Filters), Application (Transportation, Consumer, Utility, Industrial, Others), End-User (OEM, Aftermarket) Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Filters Market
Filters market will reach at an estimated value of USD 118.67 billion and grow at a rate of 5.20% for the forecast period of 2021 to 2028. The growing automotive demand is a vital factor driving the growth of filters market in the forecast period mentioned above.
Any such porous device that physically separates impurities and foreign particles from gas or liquid are called filters and the process through which the separation is completed is called filtration. The filters in vehicles are used to provide filtered and clean air to engine, due to which there is low toxic gas emission from vehicles.
Increased sales of vehicles all over the globe is the vital factor escalating the market growth, also stringent government regulations towards controlling greenhouse gas emission have increased the demand of filters, changing stringent water and waste water regulations, rapid industrialization and globalization, increasing regulations for air emission from vehicles and manufacturing plants, rising need of vehicle due to rising population, rising need for a safe working environment in industrial facilities and early replacement of filters for the extended product lifecycle are the major factors among others driving the filters market. Moreover, rising continuous research and development activities, growing technological advancements and increasing modernization in the production techniques will further create new opportunities for the filters market in the forecast period of 2021- 2028.
However, unfavorable economic condition and exposure to nanoparticles are the major factors among others acting as restraints, and will further challenge the growth of filters market in the forecast period mentioned above.
This filters market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on filters market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Filters Market Scope and Market Size
Filters market is segmented on the basis of product type, application and end-user. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- Based on product type, the filters market is segmented into internal combustion engine filters, air filters and fluid filters. Internal combustion engine filters have been further segmented into oil filters, air intake filters, fuel filters and other internal combustion engine filters. Air filters have been further segmented into panel & pocket filters, fabric air pollution and other air filters. Fluid filters have been further segmented into fluid power filters, consumer filters and other fluid filters.
- On the basis of application, the filters market is segmented into transportation, consumer, utility, industrial and others.
- The filters market is also segmented on the basis of end-user into OEM and aftermarket.
Global Filters Market Country Level Analysis
Filters market is analysed and market size, volume information is provided by country, product type, application and end-user as referenced above.
The countries covered in the filters market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the filters market due to rising concerns related to air and water pollution in this region, rising environmental protection agency (EPA) regulations and acts are expected to positively influence the product demand in motor vehicles, consumer goods, utilities, and industrial and manufacturing in this region, rising numerous manufacturing facilities incorporating improved filtration techniques to reduce hazardous emissions and several companies are planning to expand their footprint in Asia in order to expand their consumer base which drives the market growth in this region. Europe is the expected region in terms of growth in filters market due to increasing regulations for air emission from vehicles and manufacturing plants, rising number of regulations by government authorities to control the emission level by automobiles and industrial exhaust and strict vehicle emission regulation in this region.
The country section of the filters market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Filters Market Share Analysis
Filters market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to filters market.
The major players covered in the filters market report are PARKER HANNIFIN CORP, MANN+HUMMEL, Cummins Inc., Donaldson Company, Inc., Aarkays Air Equipment Private Limited., Advance International, Tfi Filtration (India) Private Limited., Affinia Group Intermediate Holdings Inc, Automat Irrigation Private Limited., Garuda Impex, Eaton, M/s Royal Industries, M.M. INDUSTRIES., D & S Automotive., Harjas Auto Industries., Kel India Filters., Anil Traders, Bawana., Dhamija Enterprises, Pall Corporation among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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