Global Filter Market: Trends, Opportunities and Competitive Analysis

Global Filter Market: Trends, Opportunities and Competitive Analysis

Filter Market Trends and Forecast

The future of the global filter market looks promising with opportunities in in the consumer, industrial, transportation, and utility industries. The global filter market is expected to reach an estimated $97.9 billion by 2027 and it is forecast to grow at a CAGR of 5.0% from 2021 to 2027. 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.

Emerging Trends in the Filter Market

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.

A total of 120 figures / charts and 84 tables are provided in this 204-page report to help in your business decisions. Sample figures with some insights are shown below. To learn the scope, benefits, companies researched, and other details of the global filter market report, please download the report brochure.

Filter Market by Segments

Lucintel forecasts that ICE filter segment will remain the largest segment, and it is also expected to witness the highest growth over the forecast period. The study includes trends and forecast for the global filter market by product type, application, end user, and region, as follows:

Filter Market by Product Type ($ Billion Shipment analysis from 2016 to 2027):

• ICE Filter
• Air Filter
• Fluid Filter

Filter Market by Application ($ Billion Shipment analysis from 2016 to 2027):

• Transportation
• Consumer
• Utility
• Industrial
• Others

Filter Market by End User ($ Billion Shipment analysis from 2016 to 2027):

• OEM
• Aftermarket

Filter Market by Region($ Billion Shipment analysis from 2016 to 2027):

• North America
• US
• Canada
• Mexico
• Europe
• United Kingdom
• Spain
• France
• Germany
• Italy
• Asia Pacific
• China
• India
• Japan
• Indonesia
• South Korea
• The Rest of the World
• Brazil
• Turkey

List of Filter Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies filter companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the filter companies profiled in this report includes.

• Mann+Hummel Holding GmbH
• Parker Hannifin Corporation
• Danaher Corporation
• Mahle International GmbH
• Donaldson Company Inc.

Filter Market Insights

• Lucintel forecasts that ICE filters will remain the largest segment and it is also expected to witness the highest growth over the forecast period due to increase in automotive production, as these filters are widely used in vehicles to improve fuel efficiency.
• Asia-Pacific will remain the largest region 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.

Features of the Global Filter Market

• Market Size Estimates: Global filter market size estimation in terms of value ($B) shipment.
• Trend and Forecast Analysis: Market trends (2016-2021) and forecast (2022-2027) by various segments.
• Segmentation Analysis:Global filter market size by various segments, such as by product type, application, and end user in terms of value.
• Regional Analysis: Global filter market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
• Growth Opportunities: Analysis of growth opportunities in different segments by product type, application, end user, and regions for the global filter market.
• Strategic Analysis: This includes M&A, new product development, and competitive landscape of the global filter market.
• Analysis of competitive intensity of the industry based on Porter’s Five Forces model

FAQ

Q1. What is the filter market size?

Answer: The global filter market is expected to reach an estimated $97.9 billion by 2027.

Q2. What is the growth forecast for filter market?

Answer: The filter market is expected to grow at a CAGR of 5.0% from 2021 to 2027.

Q3. What are the major drivers influencing the growth of the filter market?

Answer: The major drivers 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.

Q4. What are the major applications or end use industries for filter?

Answer: Transportation is the major segment by applications for filter.

Q5. What are the emerging trends in filter market?

Answer: 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.

Q6. Who are the key filter companies?

Answer: Some of the key filter companies are as follows:

• Mann+Hummel Holding GmbH
• Parker Hannifin Corporation
• Danaher Corporation
• Mahle International GmbH
• Donaldson Company Inc.

Q7.Which filter segment will be the largest in future?

Answer: Lucintel forecasts that ICE filters will remain the largest segment and it is also expected to witness the highest growth over the forecast period due to increase in automotive production, as these filters are widely used in vehicles to improve fuel efficiency.

Q8: In filter market, which region is expected to be the largest in next 5 years?

Answer: Asia-Pacific region will remain the largest region 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.

Q9. Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% Customization Without any Additional Cost.

This report answers following 11 key questions

Q.1 What are some of the most promising growth opportunities for the global 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 drivers and 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 and which companies are leading these developments?

Q.9 Who are the major players in this market? What strategic initiatives are being taken by key players 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 product substitution?

Q.11 What M&A activity has occurred in the last five years?

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