According to a new market report published by
Lucintel, the future of the global filter market looks promising with opportunities
in the consumer, industrial, transportation, and utility industries. The global
filter market is expected to reach an estimated $81.7 billion by 2022 and it is
forecast to grow at a CAGR of 5.3% from 2017 to 2022. The major drivers of
growth for this market are changing stringent water and waste water
regulations, increasing regulations for air emission from vehicles and
manufacturing plants, rapid industrialization and globalization, and growth in the
automotive production.
In this market, ICE (internal combustion
engines) filters, air filters (HEPA/ULPA filter, mid/high performance filter,
dust filter and bag filter), and fluid filters are some of the major segments
of the filter market by product type. On the basis of its comprehensive
research, Lucintel forecasts that the ICE filter and air filter segments will
show above average growth during the forecast period.
OEM and aftermarket
are the major segments of the global filter market by end user and the OEM
segment is expected to show above average growth during the forecast period.
APAC is expected to remain the largest market
due to high vehicle production, rapid industrialization, and increasing
investment by the industry players within the APAC region.
Asia Pacific
and North America are expected to witness significant growth over the forecast
period because of increasing awareness regarding
clean emissions and favorable government policies.
Emerging trends, which have a direct impact on
the dynamics of the industry, include the introduction of multi-filtration
systems, introduction of the customized air filter concept, development of
polyurethane-based adhesive filters, and the development of gasoline
particulate filter technology. Mann+Hummel Holding GmbH, Parker Hannifin
Corporation, Danaher Corporation, Mahle International GmbH, and Donaldson
Company Inc. are the major filter suppliers in the global filter market.
Lucintel, a leading global strategic
consulting and market research firm, has analyzed growth opportunities in the
global filter market by product type, application, end user, and region.
Lucintel has compiled a comprehensive research report entitled “Growth
Opportunities in the Global Filter Market 2017-2022: 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 global filter market by product type, application,
end user, and region, as follows:
By Product Type ($ Billion from 2011 to 2022):
- ICE Filter (Internal combustion engines)
- Air Filter (HEPA/ULPA filter, mid/high performance filter, dust filter and bag filter)
- Fluid Filter
By Application ($ Billion from 2011 to 2022):
- Transportation
- Consumer
- Utility
- Industrial
- Others
By End User ($ Billion from 2011 to 2022):
- OEM
- Aftermarket
By Region ($ Billion from 2011 to 2022):
- North America
o
US
o
Canada
o
Mexico
- Europe
o
United Kingdom
o
Spain
o
France
o
Germany
o
Italy
- Asia Pacific
o
China
o
India
o
Japan
o
Indonesia
o
South Korea
- The Rest of the World
o
Brazil
o
Turkey
This
204-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 helpdesk@lucintel.com. Lucintel offerings include Construction Market Report, Construction Reports, Market Research Report, Capital Investment Feasibility and SWOT
Analysis.
About Lucintel
Lucintel,
the premier global management consulting and market research firm, creates
winning strategies for growth. It 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 filter market by
product type (ICE filters, air filters, and fluid filters), by application (transportation,
consumer, utility, industrial, and others), 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?
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