PUBLISHER: Orion Market Research | PRODUCT CODE: 1270954
PUBLISHER: Orion Market Research | PRODUCT CODE: 1270954
The global mobile engine filtration market is anticipated to grow at a considerable CAGR of 6.4% during the forecast period. The growth in the market can be attributed to the increasing demand for passenger vehicles and commercial vehicles, and the growing awareness about vehicle maintenance and engine health. The liquid filter segment is expected to dominate the market during the forecast period, owing to its ability to remove contaminants from fuel systems.
Engine filtration systems are used in internal combustion engines to provide a clean supply of air, fuel, and oil to ensure the efficient running of the engine. These are usually made of fibrous materials such as paper, cloth, or synthetic materials, which have the ability to contain dust, dirt, moisture, and other particulate matter that can have a negative impact on engine performance. All mobile combustion engines utilize some sort of filtration device to prevent undesirable substances from entering the engine. A filtration device usually consists of some form of filter housing and a replaceable filter, which contains the filter media.
The global mobile engine filtration market is segmented based on the type, and application. Based on the type, the market is segmented into liquid filter, and air filter. Further, on the basis of application, the market is sub-segmented into passenger vehicle, and commercial vehicle. Among the type segment, the liquid filter sub-segment is expected to cater prominent market share over the forecast period.
The liquid filter segment is expected to dominate the market during the forecast period, owing to its ability to remove contaminants from fuel systems. Liquid Filter type mobile engine filtration is the process of removing contaminants from a fluid using a filter. The fluid can be either liquid or gas, and the filter can be made up of various materials, including paper, cloth, metal, and plastic. The main purpose of mobile engine filtration is to protect the engine from damage by removing particulates and other contaminants that could cause wear or corrosion. It is also used to improve the performance of the engine by removing particles that can interfere with the combustion process.
The global Mobile Engine Filtration market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East & Africa, and Latin America). The market can be analyzed for particular region or country level as per the requirement. Among these, the Asia-Pacific regional market is expected to cater prominent growth over the forecast period, however, the North American region is projected to experience considerable growth in the mobile engine filtration market.
Asia-Pacific is expected to be the fastest-growing region. The growth in this region will be driven by countries such as China and India owing to rising disposable income and increasing population along with rapid urbanization in these countries. In addition, the growing automotive industry is also anticipated to drive regional demand for mobile engine filtration products over the forecast period. The growth in the region is attributed to the presence of numerous oil & gas drilling activities and refineries that use mobile engines for operations. It is also anticipated that the growth in the construction industry will lead to increased demand for commercial vehicles, thereby driving market growth.
The major companies serving the global Mobile Engine Filtration market include AXI International, Donaldson Company, MAHLE, Parker Hannifin, Toyota Motor, and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market.