US demand to exceed $12 billion in 2015
Demand for filters in the US is expected to increase to just over $12 billion in 2015. This growth reflects an improvement over the weaker gains registered during the 2005 to 2010 period due to the economic recession that occurred during activity, and motor vehicle production and sales, as well as strengthened environmental regulations -- particularly those involving reduced emissions from electric utilities and diesel engines, and better water quality. Additionally, heightened consumer concerns about air and water quality will boost demand for filters in the residential market.
Aftermarket sales to continue dominant role
Ongoing sales in the aftermarket, which accounts for the majority of demand, will also drive gains. The growing market penetration of such products as motor vehicle cabin air filters, diesel emissions filters, and home air and water filters will contribute to aftermarket demand growth. As the number of filters in operation increases and awareness among consumers of their recommended replacement schedule improves, demand for replacement filters will also increase. However, growth in the aftermarket will be offset somewhat by users’ tendency to replace filters less often than recommended by the manufacturers. The ongoing development
of filters featuring longer lasting media or other technologies that extend their useful life will also restrain sales of aftermarket filters. Filter shipments are projected to advance to nearly $11.5 billion in 2015, albeit at a rate below that of demand. Gains in shipments are driven by many of the same factors as demand, since filters produced in the US are often ultimately used in the US. Domestic shipment growth will be limited as US manufacturers increasingly move production, particularly of more basic filters, offshore and other countries develop their own filter industries for export and domestic use. US manufacturers are projected to remain strong, however, in specialty and high-end filters.
Emissions, cabin air filters to drive key engine segment
In 2010, internal combustion engine filters (oil, air intake, fuel, cabin air filters and others) accounted for the largest share of filter shipments. Although this is a relatively mature product group, sales will benefit from the ongoing development of new types of emissions filters, particularly for diesel engines, and the growing aftermarket for cabin air filters, as well as a rebound in motor vehicle production and sales. Additionally, rising gas prices will continue to motivate consumers to re-place filters regularly in order to optimize engine performance and fuel efficiency. Shipments of air filters are also expected to improve over the weaker gains in the previous five-year period, benefiting from improved manufacturing activity and strengthened environmental regulations.
Motor vehicles to remain largest market
The motor vehicle market will continue to account for the largest portion of total demand in 2015. Although the high level of price competition in this market will temper gains, advances will be aided by the large volume of these filters sold both as original equipment and in the aftermarket. Demand for filters in the industrial and manufacturing market is projected to post the fastest gains, driven by increased manufacturing activity.
This new Freedonia industry study, Filters, is priced at $5100. It presents historical demand data (2000, 2005 and 2010) plus forecasts for 2015 and 2020 by filter technology, product and market. The study also considers market environment factors, assesses industry structure,
evaluates company market share and profiles 38 players in the US industry.
This study can help you:
- • Determine your market & sales potential
- • Learn more about industry competitors
- • Assess new products & technologies
- • Identify firms to merge with or acquire
- • Complement your research & planning
- • Gather data for presentations
- • Confirm your own internal data
- • Make better business decisions
Profiles 38 compitetors in the US industry including Affinia, CLARCOR, Cummins, Donaldson and Parker Hannifin.
This study analyzes the US market for filters. Historical data are provided for 2000, 2005 and 2010, with forecasts provided to 2015 and 2020. Supply and demand data is presented for US sales of filters by type (internal combustion engine filters, fluid filters and air filters), and demand is further outlined by market (motor vehicles, other transportation equipment, utilities, industrial and manufacturing, consumer, and other). Shipments and demand are presented in millions of US dollars. The entire study is framed within the overall industry’s economic, technological and market environment. In addition, major manufacturers of filters are identified and profiled, and the key competitive variables are discussed. Membranes are not included in the scope of this study. As used in this study, the term “sales” is synonymous with “demand” and is equivalent to filter production plus imports, less exports. Tabular details may not add to totals owing to rounding, and some ratios are based on unrounded numbers. Macroeconomic indicators presented in this
study were obtained from The Freedonia Group Consensus Forecasts dated August 2011. Because of the Bureau of Economic Analysis’ use of chainweighted price indexes, inflation-adjusted gross domestic product components (2005 dollars) do not necessarily add to the total.
Information and data on filters were obtained from a variety of sources including government and trade associations, industry participants, online databases and other Freedonia studies. Primary information was gathered through consultations with officers and marketing/technical personnel of participating companies and other industry specialists. Secondary data and background information were obtained from various trade publications, including Filtration & Separation, Filtration Industry Analyst, Water & Wastes Digest, Water Online and Water Technology, among others, as well as online database searches. Corporate annual reports, SEC Form 10-K filings, product catalogs and other company information were also used extensively in framing
the industry and market environments and as inputs for market size assessments.