Global Motorcycle Filter Market Expectations & Growth Trends Highlighted until 2022
The global motorcycle filter market is poised to exhibit a CAGR of 6.2% during the forecast period of 2017-2022.
[UKPRwire, Fri Jan 04 2019] Filters play an important part in the engine of any automobile, and motorcycles are no exception. When the engine oil or any other lubricating oil circulates inside the engine, it accumulates various kinds of dirt particles that harm the engine. In order to protect the engine from such dirt particles and other types of contaminants, filters are used to discard such impurities from the engine oil. This ensures that the engine works smoothly, filtering out the dirt from the engine and making the life of the engine longer. This also helps in reducing the air pollution coming out from the exhaust of the motorcycle, as the oil filters out the dirt from the engine oil. This helps the motorcycles to maintain the emission norms, and helps them to pass the stringent regulations of air pollution enacted by various governments throughout the world.
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Besides this, filters help to increase the economic life of the motorcycle, thereby reducing its maintenance cost and therefore helping in the preventive maintenance of the vehicle. The Global Motorcycle Filter Market is poised to exhibit a CAGR of 6.2% during the forecast period of 2017-2022.
Oil Filter sub-segment in the Filter Type Segment to be the Most Prominent
As per the Fact.MR analysis, the oil filter sub-segment is the largest one in the filter type segment and is poised to demonstrate a strong CAGR during the forecast period. It is also expected to gain at the Basis Point Share index as per the finding of the Fact.MR research. The largest share is contributed by the APEJ region in the oil filter market and APEJ region is poised to hold more than two-third of the of the filter oil market.
Synthetic Filter Media to Grow at a Robust CAGR during the Assessment Period
As per the Fact.MR report on global motorcycle filter market, the synthetic sub-segment of the filter media segment is going to exhibit a robust CAGR growth during the forecast period. The other sub-segment in this category is the cellulose filter media. Synthetic sub-segment is expected to create absolute dollar opportunity of nearly US$ 550 Mn between 2017 and 2022.
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IAM segment to hold a Lion’s Share in the Sales Channel Segment
As per the forecast of Fact.MR, the IAM segment is poised to exhibit a robust growth in terms of CAGR during the assessment period. It is also expected to gain a number of points in the Basis Point Share index by the end of the year 2022 when compared with the year 2017. IAM segment is expected to create absolute $ opportunity of more than US$ 570 Mn between 2017 and 2022. The largest share is contributed by APEJ region in IAM segment.
Prominent Players operating in the Global Motorcycle Filter Market
The prominent players featured in Fact.MR’s report on the global motorcycle filter market are NAPA Filters, Pipercross Performance Filters, K & N Engineering, Inc., MAHLE GmbH, DNA Filters, Solat International Trading Co. Ltd., BMC Srl, SIMOTA, Uni Filter Inc., Roki Co. Ltd., and Mann+Hummel.
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