The new report by Expert Market Research titled, ‘Global Automotive Diesel Filter Market Report and Forecast 2021-2026’, gives an in-depth analysis of the global automotive diesel filter market, assessing the market based on its segments like application, distribution channel, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2016-2026)
- Historical Market Size (2020): USD 24.4 Billion
- Forecast CAGR (2021-2026): 1.8%
- Forecast Market Size (2026): USD 27.19 Billion
Globally, the automotive diesel filter market is being pushed by increasing demand for sustainable energy consumption and the growing automobile industry. The introduction of stringent environment regulations and green energy initiatives, growing awareness regarding the need for sustainability are expected to boost the market demand in the forecasted period. With the growing population and increasing disposable income, the automotive sector is expected to witness significant growth which will in turn increase demand for diesel filters.
Industry Definition and Major Segments
Automotive diesel filter screens dust particles and other impurities from entering the diesel which can cause damage to the engine by wear and tear to the engine resulting in extra maintenance costs and reduced life span.
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Based on application, the market can be broadly divided into:
- Passenger Car
- Commercial Vehicle
The automotive diesel filter market can be broadly divided based on its distribution channels into:
- OEM
- Aftermarket
On the Basis of region, the market can be divided into:
- North America
- Europe
- The Asia Pacific
- Latin America
- The Middle East and Africa
Market Trends
One of the major factors fueling the growth of the global automotive diesel filter market is the high vulnerability of diesel engine fuel systems. Compared to its alternatives diesel engines require adequate protection for the internal combustion engine before the fuel reaches the combustion chamber, this is fulfilled by the use of diesel filters in the engine. With the increasing demand for engines with enhanced performance in multiple industries, the growth of the automotive fuel filters will remain significant and this also reduces the maintenance costs incurred which is beneficial in the long run.
Key Market Players
The major players in the market are Robert Bosch GmbH, MANN+HUMMEL International GmbH & Co. KG, MAHLE GmbH, Sogefi SpA, Denso Corporation, General Motors Company, Hengst SE, K&N Engineering, Inc., Toyota Boshuko Corporation, Valeo Service, and Others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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