The global Filters market is forecast to reach USD 108.61 Billion by 2027, according to a new report by Reports and Data. Increasing demand for filters from various end-use industries, such as industrial, manufacturing, and automotive, is driving the demand for the product. An increasing focus on strict environmental regulations is also leading to higher consumption of filters, thus, driving demand for the market.
The automotive industry is witnessing a high growth rate around the world due to factors like booming populations and increasing disposable incomes. Filters are used in the automotive industry in various applications, such as oil intake, emission filtration, and cabin air. Market growth is expected for the product due to the growth of the automotive industry. Growth in environmental issues, such as water and air pollution due to rapid industrialization and urbanization, is leading to an increased demand for water and air filtration systems.
Growth of the manufacturing sector, along with investments in wastewater treatmment and power generation, is also expected to lead to a surge in demand for the product. Fluctuating supply of raw materials hampers the demand for the product, as various raw materials are used in the production of filters, such as paper, cotton, synthetic textiles, and fibers. Also, metals such as steel and iron and rubber, plastics, and chemicals are used in the production of filters.
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Filters have become an integral part of various end-use industries, such as automotive, industrial, and manufacturing, due to the increasing focus on environmental regulations and sustainability. Filters are used in different applications, such as air and water filtration, emission filtration, and oil intake, among others. The growth of the automotive industry, rapid industrialization, and urbanization, along with investments in wastewater treatment and power generation, are expected to drive the demand for filters. However, the fluctuating supply of raw materials used in the production of filters may hamper the growth of the market.
Top 10 Companies Operating in the Global Filters Market:
MAHLE GmbH, Denso Corporation, Parker Hannifin Corporation, Pall Corporation, Mann+Hummel, Donaldson Company, Inc., Cummins, Inc., Clarcor, Inc., Brita International, and Affinia Group Intermediate Holdings, Inc., among others.
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The global market is further segmented into type and application:
Product Outlook (Revenue, USD Billion; 2017-2027)
- Fluid Filters
- ICE Filters
- Air Filters
Distribution Channel Outlook (Revenue, USD Billion; 2017-2027)
- Offline Stores
- Online Stores
Application Outlook (Revenue, USD Billion; 2017-2027)
- Motor Vehicles
- Consumer Goods
- Utilities
- Industrial and Manufacturing
- Others
Regional analysis provides insights into key trends and demands in each major country that can affect market growth in the region.
- North America (U.S., Canada, Mexico)
- Europe (Germany, U.K., Italy, France, BENELUX, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Rest of APAC)
- Latin America (Brazil, Rest of LATAM)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key Takeaways of the Competitive Overview Section:
- Overview of the company profiles of each market player
- Industrial chain analysis of each player
- Revenue share contribution
- Sales network and distribution channels and net profits and losses of each company
- Key business growth strategies are undertaken by these players
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