ReportsnReports.com: US Filters Market to 2015
02-Dec-2011 | News-Press Release
US demand to exceed $12 billion in 2015
US Filters Market to 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 the latter half of that period. Advances will be spurred by improved manufacturing 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.
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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.
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 player
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