The global filters market size is expected to reach USD 110 billion by 2027, expanding at a CAGR of 5.2%, according to a new report by Vision Research Reports. Rapid technological advancements coupled with growing demand for filtration for industrial, commercial, and household purposes is anticipated to drive the market.
Presence of stringent regulatory framework, which stipulates lowering of the exhaust emissions, is anticipated to boost the product demand in the automotive industry. In addition, increasing investments towards the installation of high-quality filters in the cars for cabin air filtration by the automobile manufacturers is anticipated to benefit market growth over the forecast period.
Growing population, depletion of water resources, and contamination of ground and surface water has resulted in an increased adoption of water treatment processes to improve the water quality. In addition, rapid industrialization in developing economies such as Asia Pacific is anticipated to further result in shortage of potable water, which is likely to promote the demand for water filtration systems.
Major market players such as Affinia Group Intermediate focus on integrated third party production/distribution and supply directly to end-use companies. In addition, companies have taken strong measures to develop theirproduct portfolio and increase their production capacity with an aim to gain a better foothold in the market.
Report Study
The ICE filters segment accounted for USD 32.5 billion in 2019 and is anticipated to exhibit a CAGR of 4.8% from 2020 to 2027. Positive outlook of the automobile industry in regions such as Asia Pacific and Central and South America on account of increasing spending capacity coupled with improved standard of living is projected to benefit segment growth over the forecast period.
Rising health concerns coupled with rising demand for clean drinking water is expected to surge the demand for fluid filters over the forecast period. Product benefits such as providing clean fluids to improve the oil recovery process efficiency along with protecting the equipment parts is projected to boost the demand for fluid filters in various applications including automotive, industrial, and defense.
Motor vehicle emerged as the leading application segment and accounted for 50.5% of the total market share in 2019. Growing disposable income in the developing economies is expected to have a positive impact on the demand for motor vehicles. In addition, increasing demand for automobiles coupled with stringent regulations to reduce vehicular emissions is expected to aid the demand.
Expansion of various industries across the globe such as automotive and textile is anticipated to promote the use of filters in order to protect the equipment and machinery and extend its shelf-life. In addition, it also helps in preventing downtime due to failures and the cost for spare parts. This is projected to propel industry growth over the forecast period.
Utilities filter applications are presumed to experience robust growth due to several factors including government initiatives to increase urbanization and industrialization, particularly in the developing regions such as Asia Pacific and Central and South America. Change in customer lifestyle and living standards are key reasons that are presumed to assist the growth in the near future.
Other application segment accounted for 10.5% of the total market share in 2019. Other applications mostly include the wine industry and the medical industry. Microfiltration is widely used in the wine industry to remove contaminants such as bacteria, particulates, crystals, and yeast for stabilization and fine quality of wine.
Asia Pacific emerged as the leading region for the said market and accounted for 42.7% of the total market in 2019 and is expected to reach USD 52.4 billion by 2027. Growing concerns related to air and water pollution in the region are projected to support the use of filters across various end-use industries, which in turn, is expected to benefit growth.
Various manufacturing facilities are incorporating improved filtration techniques to reduce hazardous emissions and follow the regulatory trends. Various companies are planning to expand their footprint in Asia in order to expand their consumer base, which is expected to have a positive impact on product demand over the forecast period.
Increasing number of regulations by government authorities to control the emission level by automobiles and industrial exhaust in Europe is expected to propel industry growth over the forecast period. The growth in automotive industry in the region coupled with strict vehicle emission regulation is expected to propel product demand over the projected period.
In 2019, the automobile industry in Germany produced 5.6 million vehicles, which is to be 5.5% of the total world production. The automobile industry is identified as a premium manufacturing hub, thereby, indicating a demand growth in the industry. Increasing concerns for air and water quality have further promoted product demand in the country.
Major players are integrated across various stages of the value chain. For instance, industry participants such as Parker Hannifin Corporation; MANN+HUMMEL; Cummins, Inc.; Donaldson Company, Inc.; and Affinia Group Intermediate Holdings, Inc. are engaged in manufacturing filter media and filter elements.
Market Segmentation
Filters Product Outlook
Fluid Filters
ICE Filters
Air Filters
Filters Application Outlook
Motor Vehicle
Consumer Goods
Utilities
Industrial & Manufacturing
Others
Filters Regional Outlook
North America
U.S.
Canada
Mexico
Europe
Germany
Spain
U.K.
France
Italy
Russia
Asia Pacific
China
India
Japan
Australia
Malaysia
Thailand
Central & South America
Brazil
Middle East & Africa
South Africa
Table of Contents
Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions
1.3. List Of Data Sources
Chapter 2. Executive Summary
2.1. Filters Market Snapshot
Chapter 3. Filters Market Variables, Trends, & Scope
3.1. Market Segmentation And Scope
3.2. Value Chain Analysis
3.3. Vendor Landscape
3.4. Raw Material Trends
3.5. Regulatory Scenario
3.6. Technological Landscape
3.7. Market Dynamics
3.7.1. Market Driver Analysis
3.7.1.1. Growing automotive demand
3.7.1.2. Growing demand for water treatment processes
3.7.1.3. Growth of global air filtration industry
3.7.2. Market Restraint Analysis
3.7.2.1. Exposure to nanoparticles
3.8. Key Opportunities - Prioritized
3.9. Global Filters Market - Company Market Share Analysis
3.10. Filters Market - Porter’s Analysis
3.10.1 Supplier Power
3.10.2 Buyer Power
3.10.3 Substitution Threat
3.10.4 Threat from New Entrant
3.10.5 Competitive Rivalry
3.11 Filters Market - PESTEL Analysis
3.11.1 Political Landscape
3.11.2 Environmental Landscape
3.11.3 Social Landscape
3.11.4 Technology Landscape
3.11.5 Economic Landscape
3.11.6 Legal Landscape
Chapter 4. Filter Market: Product Estimates & Analysis
4.1. Filters market: Product movement analysis, 2019 & 2027
4.2. Fluid Filters
4.2.1. Fluid filters market estimates and forecasts, 2016 - 2027 (USD Million)
4.3. ICE Filters
4.3.1. ICE filters market estimates and forecasts, 2016 - 2027 (USD Million)
4.4. Air Filters
4.4.1. Air filters market estimates and forecasts, 2016 - 2027 (USD Million)
Chapter 5. Filters Market: Application Estimates & Analysis
5.1. Filters market: Application movement analysis, 2019 & 2027
5.2. Motor Vehicles
5.2.1. Market estimates and forecasts, in motor vehicles, 2016 - 2027 (USD Million)
5.3. Consumer Goods
5.3.1. Market estimates and forecasts, in consumer goods, 2016 - 2027, (USD Million)
5.4. Utilities
5.4.1. Market estimates and forecasts, in utilities, 2016 - 2027 (USD Million)
5.5. Industrial & Manufacturing
5.5.1. Market estimates and forecasts, 2016 - 2027, in industrial & manufacturing (USD Million)
5.6. Others
5.6.1. Market estimates and forecasts, in other applications, 2016 - 2027 (USD Million)
Chapter 6. Filters Market: Regional Estimates & Trend Analysis
6.1. Filters Market: Regional Movement Analysis, 2019 & 2027
6.2. North America
6.2.1. Market estimates and forecasts, 2016 - 2027 (USD Million)
6.2.2. Market estimates and forecasts, by product, 2016 - 2027 (USD Million)
6.2.3. Market estimates and forecasts, by application, 2016 - 2027 (USD Million)
6.2.4. The U.S.
6.2.4.1. Market estimates and forecasts, 2016 - 2027 (USD Million)
6.2.4.2. Market estimates and forecasts, by product, 2016 - 2027 (USD Million)
6.2.4.3. Market estimates and forecasts, by application, 2016 - 2027 (USD Million)
6.2.5. Canada
6.2.5.1. Market estimates and forecasts, 2016 - 2027 (USD Million)
6.2.5.2. Market estimates and forecasts, by product, 2016 - 2027 (USD Million)
6.2.5.3. Market estimates and forecasts, by application, 2016 - 2027 (USD Million)
6.2.6. Mexico
6.2.6.1. Market estimates and forecasts, 2016 - 2027 (USD Million)
6.2.6.2. Market estimates and forecasts, by product, 2016 - 2027 (USD Million)
6.2.6.3. Market estimates and forecasts, by application, 2016 - 2027 (USD Million)
6.3. Europe
6.3.1. Market estimates and forecasts, 2016 - 2027 (USD Million)
6.3.2. Market estimates and forecasts, by product, 2016 - 2027 (USD Million)
6.3.3. Market estimates and forecasts, by application, 2016 - 2027 (USD Million)
6.3.4. Germany
6.3.4.1. Market estimates and forecasts, 2016 - 2027 (USD Million)
6.3.4.2. Market estimates and forecasts, by product, 2016 - 2027 (USD Million)
6.3.4.3. Market estimates and forecasts, by application, 2016 - 2027 (USD Million)
6.3.5. U.K.
6.3.5.1. Market estimates and forecasts, 2016 - 2027 (USD Million)
6.3.5.2. Market estimates and forecasts, by product, 2016 - 2027 (USD Million)
6.3.5.3. Market estimates and forecasts, by application, 2016 - 2027 (USD Million)
6.3.6. France
6.3.6.1. Market estimates and forecasts, 2016 - 2027 (USD Million)
6.3.6.2. Market estimates and forecasts, by product, 2016 - 2027 (USD Million)
6.3.6.3. Market estimates and forecasts, by application, 2016 - 2027 (USD Million)
6.3.7. Italy
6.3.7.1. Market estimates and forecasts, 2016 - 2027 (USD Million)
6.3.7.2. Market estimates and forecasts, by product, 2016 - 2027 (USD Million)
6.3.7.3. Market estimates and forecasts, by application, 2016 - 2027 (USD Million)
6.3.8. Russia
6.3.8.1. Market estimates and forecasts, 2016 - 2027 (USD Million)
6.3.8.2. Market estimates and forecasts, by product, 2016 - 2027 (USD Million)
6.3.8.3. Market estimates and forecasts, by application, 2016 - 2027 (USD Million)
6.3.9. Spain
6.3.9.1. Market estimates and forecasts, 2016 - 2027 (USD Million)
6.3.9.2. Market estimates and forecasts, by product, 2016 - 2027 (USD Million)
6.3.9.3. Market estimates and forecasts, by application, 2016 - 2027 (USD Million)
6.4. Asia Pacific
6.4.1. Market estimates and forecasts, 2016 - 2027 (USD Million)
6.4.2. Market estimates and forecasts, by product, 2016 - 2027 (USD Million)
6.4.3. Market estimates and forecasts, by application, 2016 - 2027 (USD Million)
6.5. China
6.5.1 Market estimates and forecasts, 2016 - 2027 (USD Million)
6.5.2 Market estimates and forecasts, by product, 2016 - 2027 (USD Million)
6.5.3 Market estimates and forecasts, by application, 2016 - 2027 (USD Million)
6.6. India
6.6.1. Market estimates and forecasts, 2016 - 2027 (USD Million)
6.6.2 Market estimates and forecasts, by product, 2016 - 2027 (USD Million)
6.6.3 Market estimates and forecasts, by application, 2016 - 2027 (USD Million)
6.7. Japan
6.7.1 Market estimates and forecasts, 2016 - 2027 (USD Million)
6.7.2 Market estimates and forecasts, by product, 2016 - 2027 (USD Million)
6.7.3 Market estimates and forecasts, by application, 2016 - 2027 (USD Million)
6.8. Australia
6.8.1 Market estimates and forecasts, 2016 - 2027 (USD Million)
6.8.2 Market estimates and forecasts, by product, 2016 - 2027 (USD Million)
6.8.3 Market estimates and forecasts, by application, 2016 - 2027 (USD Million)
6.9. Malaysia
6.9.1 Market estimates and forecasts, 2016 - 2027 (USD Million)
6.9.2 Market estimates and forecasts, by product, 2016 - 2027 (USD Million)
6.9.3 Market estimates and forecasts, by application, 2016 - 2027 (USD Million)
6.10. Thailand
6.10.1 Market estimates and forecasts, 2016 - 2027 (USD Million)
6.10.2 Market estimates and forecasts, by product, 2016 - 2027 (USD Million)
6.10.3 Market estimates and forecasts, by application, 2016 - 2027 (USD Million)
6.11. Central & South America
6.11.1. Market estimates and forecasts, 2016 - 2027 (USD Million)
6.11.2. Market estimates and forecasts, by product, 2016 - 2027 (USD Million)
6.11.3. Market estimates and forecasts, by application, 2016 - 2027 (USD Million)
6.11.4. Brazil
6.11.4.1. Market estimates and forecasts, 2016 - 2027 (USD Million)
6.11.4.2. Market estimates and forecasts, by product, 2016 - 2027 (USD Million)
6.11.4.3. Market estimates and forecasts, by application, 2016 - 2027 (USD Million)
6.12. Middle East & Africa
6.12.1. Market estimates and forecasts, 2016 - 2027 (USD Million)
6.12.2. Market estimates and forecasts, by product, 2016 - 2027 (USD Million)
6.12.3. Market estimates and forecasts, by application, 2016 - 2027 (USD Million)
6.12.4. South Africa
6.12.4.1. Market estimates and forecasts, 2016 - 2027 (USD Million)
6.12.4.2. Market estimates and forecasts, by product, 2016 - 2027 (USD Million)
6.12.4.3. Market estimates and forecasts, by application, 2016 - 2027 (USD Million)
Chapter 7. Company Profiles
7.1. Affinia Group Intermediate Holdings, Inc.
7.1.1. Company Overview
7.1.2. Product Benchmarking
7.2. Brita International
7.2.1. Company Overview
7.2.2. Product Benchmarking
7.3. Clarcor, Inc.
7.3.1. Company Overview
7.3.2. Product Benchmarking
7.3.3. Strategic initiatives
7.4. Cummins, Inc.
7.4.1. Company Overview
7.4.2. Financial Performance
7.4.3. Product Benchmarking
7.4.4. Strategic initiatives
7.5. Donaldson Company, Inc.
7.5.1. Company Overview
7.5.2. Financial Performance
7.5.3. Product Benchmarking
7.5.4. Strategic initiatives
7.6. Mann+Hummel
7.6.1. Company Overview
7.6.2. Financial Performance
7.6.3. Product Benchmarking
7.6.4. Strategic initiatives
7.7. Pall Corporation
7.7.1. Company Overview
7.7.2. Product Benchmarking
7.7.3. Strategic initiatives
7.8. Parker Hannifin Corporation
7.8.1. Company Overview
7.8.2. Financial Performance
7.8.3. Product Benchmarking
7.8.4. Strategic initiatives
7.9. Denso Corporation
7.9.1. Company Overview
7.9.2. Financial Performance
7.9.3. Product Benchmarking
7.9.4. Strategic initiatives
7.10. MAHLE GmbH
7.10.1. Company Overview
7.10.2. Financial Performance
7.10.3. Product Benchmarking
Cross-segment Market Size and Analysis for
Mentioned Segments
Additional Company Profiles (Upto 5 With No Cost)
Additional Countries (Apart From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market DynamicsRegion Level Market Share Import Export AnalysisProduction AnalysisOthers