India Automotive Filter Market to Grow at 10% through 2023
Expanding fleet size of
automobiles, increasing vehicle sales and favorable government initiatives to
drive India automotive filter market through 2023
According to TechSci Research
report, “India Automotive Filter Market
By Vehicle Type, By Filter Type, By Filter Media Type, By Demand Category,
Competition Forecast & Opportunities, 2013-2023’’, automotive filter market in India is
forecast to grow at a CAGR of over 10% until 2023. Growing automotive industry,
expanding automobile fleet and strategic capacity expansions by flagship
automobile OEMs are the key factors expected to drive the market in the coming
years. Government’s Automotive Mission Plan, 2016-2026 is anticipated to boost
the production of automobiles in the country, which in turn would fuel the
demand for automotive filters. Passenger car production in India grew from 3.23
million units in FY2013 to 3.80 million units in FY2017.
Browse 25 market data Tables and 58 Figures spread
through 115
Pages and an in-depth TOC on "India Automotive Filter Market"
https://www.techsciresearch.com/report/india-automotive-filter-market/3255.html
Fleetguard
Filters Private Limited, MAHLE Filter Systems (India) Private Limited, Elofic
Industries Ltd., etc., are few of the flagship players in India automotive filter
market. In 2017, two-wheeler segment dominated the country’s automotive filter
market and the trend is expected to continue during the forecast period as
well, owing to huge fleet size of two-wheelers and increasing production and
sales of two-wheelers in the country. As oil and air filters have a shorter replacement
period, these segments of filters are anticipated to hold the largest market
share.
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“Penetration of
diesel vehicles in India automotive industry is growing rapidly. Diesel
vehicles relatively have shorter replacement period for filters than petrol
vehicles. In the coming years, sales of diesel vehicles in India are forecast
to grow, backed by several benefits such as better mileage and comparatively lower
diesel price, demand for automotive filters is also expected to grow at a
robust pace over the course of next five years.”, said Mr. Karan Chechi,
Research Director with TechSci Research, a research based global management
consulting firm.
“India
Automotive Filter Market By Vehicle Type, By Filter Type, By Filter Media Type,
By Demand Category, Competition Forecast & Opportunities, 2013-2023” has evaluated the future
growth potential of automotive filter market in India, and provides statistics
and information on market size, shares and trends. The report will suffice in
providing the intending clients with cutting-edge market intelligence and help
them in taking sound investment decisions. Besides, the report also identifies
and analyzes emerging trends along with essential drivers and key challenges
faced by the industry.
About TechSci Research
TechSci Research is a leading
global market research firm publishing automotive research reports. Serving 700
global clients with more than 600 automotive research studies, TechSci Research
is serving clients across 11 different industrial verticals. TechSci Research
specializes in research-based consulting assignments in high growth and
emerging markets, leading technologies and niche applications. Our workforce of
more than 100 fulltime Analysts and Consultants employing innovative research
solutions and tracking global and country specific high growth markets helps
TechSci clients to lead rather than follow market trends.
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