Lucintel anticipates Global Filters Market to grow at a CAGR of 5.8% over the period of 2014-2019

The global filters market is expected to grow at a CAGR of 5.8% during the period of 2014-2019. The major drivers of the filters market are rising consumer incomes, rising urbanization, increasing motor vehicles ownership, increasing efforts to reduce air and water pollution, and growth in the end user industries, such as automotive, aerospace, food and beverage, and others. Increasing investments in water, wastewater, and power generation infrastructure across the globe will boost the filter demand. APAC countries, such as China, Japan, and India, are expected to lead the demand of filters during the forecast period.

Lucintel, a leading global management consulting and market research company, has analyzed the global filters market by product types, applications, and regions and has come up with a comprehensive research report on construction & industrial sector “Global Filters Market 2014-2019: Trends, Forecast, and Opportunity Analysis” This report provides an analysis of the global filters market, including the market trends, growth opportunities, key drivers, and emerging trends of the market.  The study also includes the global filters market forecasts through 2019, segmented by regions, product types, and applications as follows:

The global filters market by regions:

• North America
• Europe
• Asia Pacific
•  Rest of the World

The global filters market by product types:

• ICE Filters (Internal Combustion Engine)
• Air Filters
• Fluid Filters

The global filters market by applications: 

• Transportation
•  Utilities
• Consumer
• Industrial
• Others

On the basis of its comprehensive research, Lucintel forecasts that majority of the segments for the global filters market will grow moderately during 2014-2019. The utility segment is expected to grow in the developed countries due to upgradation and repairs of aging sewer and water pipe networks, which will drive the demand of filters. Innovations in the raw materials used and new filter concept to minimize the installation space are projected to boost the market. Mahle International GmbH, Mann+Hummel Holding GmbH, and Donaldson Company, Inc. are among the major suppliers of the global filters market. The market players are required to maintain a balance between the quality of filters and its price in order to remain competitive in the market.

This 127-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents and pricing information on this timely, insightful report, contact Lucintel at +1-972-636-5056 or via email at helpdesk@lucintel.com. Lucintel provides cutting-edge decision support services that facilitate critical decisions with greater speed, market insight, and cost efficiency. To learn more, visit www.lucintel.com . You can also contact us through Live Chat, located on the website to answer your questions in real time.

About Lucintel

Lucintel, the premier global management consulting and market research firm creates winning strategy for growth, whether you need to understand market dynamics, identify new opportunities, or increase your profitability. It offers market assessments, competitive analysis, opportunity analysis, strategic growth consulting, M&A services , opportunity screening analysis and due diligence services to executives and key decision-makers in a variety of industries. Over the last 15 years, Lucintel has served over 1,000 corporations in 70 countries. For further information, visit www.lucintel.com.