Market Overview:
The filter element is aimed to remove grime from engine oil to enable flows and catch impurities such as dust and contaminants which helps to lubricate internal vehicle parts leads to increasing engine lifespan, decreasing emission and results in low fuel consumption. Regulatory bodies of key countries are imposing stringent environmental standards to control carbon emissions from automobiles as the rise in diesel ignition is likely to pose a threat to the environment. Increasing demand for commercial vehicles from emerging economies such as India, Brazil, China, and others owing to increasing per capita income of the peoples supplementing the growth of the filter element market.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Key Companies Profiled | MANN HUMMEL (Germany), Donaldson (United States), Robert Bosch (Germany), MAHLE (Germany), Sogefi (Italy), Denso (Japan), Ahlstrom-Munksjo (Sweden), ACDelco (United States), Hengst (Germany), K&N Engineering (United States), OEMs such as Volkswagen (Germany), Ford Motor Company (United States), Hyundai Motor Company (South Korea), Toyota Motor Corporation (Japan) and Mahindra & Mahindra Ltd (India) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region or narrow down segments in the final scope subject to feasibility |
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics of major and emerging geographies across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Key Vendors of Filter Element Market Study:
MANN HUMMEL (Germany), Donaldson (United States), Robert Bosch (Germany), MAHLE (Germany), Sogefi (Italy), Denso (Japan), Ahlstrom-Munksjo (Sweden), ACDelco (United States), Hengst (Germany), K&N Engineering (United States), OEMs such as Volkswagen (Germany), Ford Motor Company (United States), Hyundai Motor Company (South Korea), Toyota Motor Corporation (Japan) and Mahindra & Mahindra Ltd (India)
Filter Element Market Segment Analysis
Scope | Sub-Segments |
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Application / End User | Passenger Vehicles and Commercial Vehicles |
Type | Air Filter, Oil Filters and Fuel Filters |
Sales Channel | OEMs,Aftermarket,Others |
Fuel Type | Gasoline,Diesel,Others |
Influencing Trend:
Emphasizing On Improving Fuel Efficiency of Vehicles
Market Growth Drivers:
Increasing Vehicle Production Driving Filter Element Market and Stringent Emission Control Norms
Challenges:
Increasing Demand for Electric Vehicles
Restraints:
Rising Prizes of Inflammable Fuel like Diesel and Petrol and Non-Replaceable Nature of Engine Filters
Opportunities:
Growing Demand for Low Emission Engine with Better Filters and Increasing Aftermarket Services Supplementing Filter Element Market
Some of the other players that are also part of study are Zhejiang Universe Filter (China), Tata Motors (India) and Daimler AG (Germany). The Global Filter Element market is gaining huge competition due to involvement of Germany companies that constantly invest in research & development to meet market expectation with new innovation.
Latest Industry Highlights:
11th September 2018, The newly developed Brake Dust Particle Filter from MANN HUMMEL significantly reduces the brake dust emissions of vehicles so fewer brake dust particles escape into the environment.
In July 2020 Hengst acquired the hydraulic filtration division of Bosch Rexroth AG. This includes Ketsch's sites with approximately 190 employees and worldwide sales activities in more than 30 countries. In addition to hydraulic filter know-how, about 40 industrial property rights will be transferred. The Hydraulic Filters division of Bosch Rexroth develops and produces complete filters and filter elements for industrial and mobile hydraulic applications.
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Filter Element market.
In order to reach an exhaustive list of functional and relevant players, various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep into important geographies by players, and a thorough validation test is conducted to reach the most relevant players for survey in Filter Element market.
Identification of total players or companies operating in the global market which is further concentrated to fewer or most impacting players which are considered under the reports scope. In order to make a priority list sorting is done based on revenue generated based on the latest reporting with the help of paid databases such as Factiva, Bloomberg, etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Filter Element Manufacturers, Potential Investors, Government Associations and Others.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth, etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that include Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.