The global filters market is expected to grow from $8,922.9 million in 2014, and reach $1,3601.9 million by 2020, growing with a CAGR of 7.3% during 2015 – 2020. The global filters market comprising industrial and automotive filters is driven by increasing industrialization and growth in the commercial vehicles market. The regulations regarding industrial and automotive emissions are becoming more stringent, which is consequently surging the demand for filters in the both the sectors. The demand for efficient filtration on the other hand has been promoting the sales of advanced filters, such as HEPA filters.

GLOBAL FILTERS MARKET BREAKDOWN

• By Segment – includes global market size of industrial and automotive filters.
• Industrial Filters, By Type – includes global market size of
  • Liquid Filters – includes market size of Bag and cartridge filters, Hydraulic filters, and Strainers
  • Air Filters – includes market size of Dust collectors, Mist collectors, HEPA Filters, Baghouse filters and Cartridge filters and collectors
• Automotive Filters
  • By Type – includes global market size of fuel, oil and air filters
  • By Product – includes global market size of intake and cabin filters
  • By Distribution Channel – includes global market size of fuel, oil, and air filters through OEM and aftermarket
• By Geography – includes market size of North America, Europe, Asia-Pacific, and Rest of the World

GLOBAL FILTERS MARKET BREAKDOWN BY GEOGRAPHY
North America Filters Market

• By Country - U.S. and Canada
• By Segment
• Industrial Filters, By Type
• Automotive Filters - By Type, By Product and By Distribution Channel

Europe Filters Market

• By Country - Germany, U.K., Italy, France, Spain, Turkey and Sweden
• By Segment
• Industrial Filters, By Type
• Automotive Filters - By Type, By Product and By Distribution Channel

Asia-Pacific Filters Market

• By Country – China, Japan and India
• By Segment
• Industrial Filters, By Type
• Automotive Filters - By Type, By Product and By Distribution Channel

Rest of the World (RoW) Filters Market

• By Country – Brazil
• By Segment
• Industrial Filters, By Type
• Automotive Filters - By Type, By Product and By Distribution Channel

The increasing population and urbanization in Asia-Pacific is expected to make it the global leader in global filters market by 2020. The increasing demand of bag and cartridge filters, mist collectors, and HEPA filters is expected to provide considerable growth opportunity for the global industrial filters market during the forecast period. The slowdown in passenger car sales in certain major automotive markets is obstructing the growth of the automotive filters market through original equipment manufacturer (OEM); however, the aftermarket sales have been offsetting the impact. The global market has witnessed consolidation during the recent past, which is reflected by several acquisitions taking place in the industry.