Wilmington, Delaware, United States, May 12, 2023 (GLOBE NEWSWIRE) — Transparency Market Research Inc. – The global automotive diesel engine filter market is expected to decline at a CAGR of -2.6% from 2023 to 2031. A market valuation of USD 620.0 millions is expected at the end of the forecast period.
As concerns grow about rising carbon emissions, the auto industry is bracing for significant shifts in consumer preferences toward fuel-efficient diesel engines and the growing emphasis on reducing emissions. carbon The reduction in usage is further driven by strict government regulations aimed at curbing emissions over the forecast period.
The U.S. Environmental Protection Agency has submitted proposals to revise the greenhouse emission standards and corporate average fuel economy (CAFE) requirements for passenger cars and light commercial vehicles between 2021 and 2026
This regulatory development, combined with the increasing number of electric vehicles in developing countries, is expected to restrain the expansion of the automotive filter market.
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Main conclusions of the market report
- The global automotive diesel engine filter market is expected to be worth USD 790 million by 2023.
- From 2023 to 2031, the market is expected to grow at a CAGR of -2.6%.
- By material type, the ceramic wall flow monolith segment is expected to lead the market by 2023 growing at a CAGR of 2% during the forecast period.
- By vehicle type, the commercial vehicle segment is expected to accumulate 71.4% market share by the end of 2023.
- According to TMR’s projections, demand for automotive diesel engine filters in China is expected to grow at a CAGR of -1.9% during the forecast period.
Automotive Diesel Engine Filters Market: Growth Drivers and Trends
- The growing demand and utilization of commercial vehicles in the e-commerce and logistics industries have boosted the production of these vehicles, which has boosted the need for automotive diesel engine filters.
- Increasing world population, worldwide lifestyle changes and advances in infrastructure are factors that are driving the increase in the number of commercial vehicles. As a result, the demand for filters for automotive diesel engines is expected to grow in the coming years.
- The global market is expected to witness rapid growth due to the increase in sales of luxury cars.
- The automotive diesel engine filter market faces a potential challenge due to heavy reliance of vehicle manufacturers on these filters to reduce carbon emissions. The increasing adoption of electric vehicles decreases the incentives for manufacturers to produce and use these components. Consequently, market growth is expected to be adversely affected as a result.
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Automotive Diesel Engine Filters Market: Regional Analysis
- Asia-Pacific is expected to lead the market accumulating more than 41% market share by the end of the forecast period. The region is expected to drive demand for automotive diesel filters at a CAGR of -2% during the forecast period.
- The North America market is expected to grow at a CAGR of -2.2 throughout the forecast period. The growth of the automotive filter market is driven by increasing demand for vehicles in countries such as the United States and Canada.
- Europe is expected to experience good growth in the automotive diesel filter market during the forecast period. The European market is expected to be influenced by the increasing rigor of emissions regulations.
Automotive Diesel Engine Filters Market – Top Players
The global automotive diesel engine filter market is characterized by various regional and global entities. Some key automotive diesel engine filter suppliers profiled by TMR include:
- ALCO Filters Ltd.
- Anhui Meiruier Filter Co., Ltd
- Avrand Pishro Co.
- BorgWarner Inc.
- cummins inc
- Continental AG
- DENSO Corp.
- Donaldson Co. Inc.
- Dongguan Shenglian Filter Manufacturing Co. Ltd.
- First group of brands
- General Motors Co.
- SE stallion
- IHD Industries Pvt. Ltd.
- Liuzhou Risun Filter Co. Ltd.
- MAHLE GmbH
- MANN HUMMEL International GmbH and Co. KG
- Sewon Co. Ltd.
- Sogefi Spa
- UFI Filters Spa
The prominent developments in the domain of automotive diesel engine filters by key players are as follows:
- In August 2022, Hengst Filtration presented its offerings for fuel cells, alternative fuels, oil filtration and vehicle interiors at the IAA Transportation trade fair in Hannover. Its smart fuel filter concept is based on accessible base versions that can be upgraded with state-of-the-art add-ons, ensuring the high standards of fuel purity demanded by contemporary diesel engines.
- In April 2021, Donaldson Company, Inc. presented its Filter Minder Connect solution at the Technology and Maintenance Council (TMC) spring meeting. This innovative solution allows monitoring of fuel filters and engine oil conditions in heavy-duty engines, with a special emphasis on improving filtration efficiency.
Key Points of OCD:
1. Executive summary
1.1. Global market outlook
1.1.1. Market value in US$ million, 2017-2031
1.2. Competitive panel analysis
2. Market overview
2.1. TMR analysis and recommendations
2.2. Market coverage / Taxonomy
2.3. Market definition / scope / limitations
2.4. Macroeconomic factors
2.5. Market dynamics
2.5.1. drivers
2.5.2. restrictions
2.5.3. opportunity
2.6. Analysis of market factors
2.6.1. Analysis of Porter’s five forces
2.6.2. SWOT analysis
2.7. Regulatory scenario
2.8. Analysis of key trends
2.9. Value Chain Analysis
2.10. Analysis of the cost structure
2.11. Profit margin analysis
3. Global Automotive Diesel Engine Filters Market, by Type
3.1. Image of the market
3.1.1. Introduction, definition and key conclusions
3.1.2. Market growth and year-on-year projections
3.1.3. Analysis of the participation of basic points
3.2. Global Automotive Diesel Engine Filters Market Size Analysis and Forecast, 2017-2031, by Type
3.2.1. Air filter
3.2.2. Fuel filter
3.2.2.1. primary
3.2.2.2. secondary school
3.2.3. Oil filter
4. Global Automotive Diesel Engine Filters Market, by Material Type
4.1. Image of the market
4.1.1. Introduction, definition and key conclusions
4.1.2. Market growth and year-on-year projections
4.1.3. Analysis of the participation of basic points
4.2. Global Automotive Diesel Engine Filters Market Size Analysis and Forecast, 2017-2031, by Material Type
4.2.1. Ceramic filters
4.2.1.1. Wall-Flow Monoliths
4.2.1.2. Ceramic fibers
4.2.1.3. Ceramic foams
4.2.2. Metal filters
4.2.2.1. Sintered metal
4.2.2.2. Metal fiber filters
4.2.2.3. Other metal filters
4.2.3. Pleated paper filters
5. Global Automotive Diesel Engine Filters Market, by Vehicle Type
5.1. Image of the market
5.1.1. Introduction, definition and key conclusions
5.1.2. Market growth and year-on-year projections
5.1.3. Analysis of the participation of basic points
5.2. Global Automotive Diesel Engine Filters Market Size Analysis and Forecast, 2017-2031, by Vehicle Type
5.2.1. three wheels
5.2.2. Passenger cars
5.2.2.1. Hatchback
5.2.2.2. sedan
5.2.2.3. SUV
5.2.3. Light commercial vehicles
5.2.4. Heavy load trucks
5.2.5. Buses and coaches
5.2.6. Off-road vehicles
5.2.6.1. Tractors and agricultural equipment
5.2.6.2. Construction and mining equipment
5.2.6.3. Industrial vehicles (forklifts, AGVs, etc.)
6. Global Automotive Diesel Engine Filters Market, by Sales Channel
6.1. Image of the market
6.1.1. Introduction, definition and key conclusions
6.1.2. Market growth and year-on-year projections
6.1.3. Analysis of the participation of basic points
6.2. Global Automotive Diesel Filters Market Size Analysis and Forecast, 2017-2031, by Sales Channel
6.2.1. OEM
6.2.2. Aftermarket
OCD Continued……
Buy this Premium Research Report | Immediate delivery available – https://www.transparencymarketresearch.com/checkout.php?rep_id=85601 Automotive Diesel Engine Filters Market: Key Segments By Type By type of material For Type of vehicle For Sales channel By Region About transparency market research Transparency Market Research, a global market research firm registered in Wilmington, Delaware, USA, provides customized research and consulting services. Our unique combination of quantitative forecasting and trend analysis provides forward-looking information for thousands of decision makers. Our experienced team of analysts, researchers and consultants use proprietary data sources and various tools and techniques to gather and analyze information. Our data repository is continuously updated and reviewed by a team of research experts, so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive datasets and research material for business reports. Contact: Nikhil Sawlani
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