Heavy Duty Road Filtration Aftermarket - Industry Analysis By Product (Oil, Air, Cabin, Fuel), By Application (Trucks & Buses, Construction, Mining, Agriculture) And Segment Forecasts To 2024

Increasing environmental concern such as air pollution across various regions

The global heavy duty road filtration aftermarket size was USD 563.3 million in 2015. Growing environmental concerns and new government regulations across many countries are expected to benefit the aftermarket for road filtration products over the next eight years.

Countries across the globe have focused their attention on curbing air pollution. Air pollution has adverse effects such as global warming and ozone depletion. Furthermore, air pollution also has acute and chronic effects on human health as it affects many organs. Air pollution affects the lungs and can cause cancer, nausea, headache, and loss of coordination.

U.S. heavy duty road filtration aftermarket revenue by product, 2014 - 2024 (USD million)

In their efforts to curb these rising air pollution levels, countries have formulated strict emission regulations. To meet the norms of these rules, it is mandatory that the emission system of an automobile performs efficiently. Vehicle owners are increasingly opting for aftermarket filters to increase this efficiency.

Heavy duty trucks have to ensure smooth functioning of the exhaust systems for norms conformation. The OEM filters provided by the manufacturers, due to their low efficiency or obsolete technology, do not offer smooth functioning. This is expected to boost the aftermarket sales for heavy duty road transportation. It is expected that countries will opt for strict regulations over the forecast period. This trend is expected to positively impact heavy duty road filtration aftermarket.

Regulations such as Euro VI, China V, and BS IV+ are standards that have been setup to prescribe the lowest emission levels that can be permitted for automotive including heavy duty vehicles

Aftermarket filters provide various advantages over the conventional ones. But their high cost may be a restraining factor for the industry over the forecast period. OEM manufactured filters are produced in bulk, providing economies of scale benefits to the manufacturers. Also, to suit varying applications, high-quality material is used for manufacturing.

Aftermarket sales of filters used for heavy duty on-road transportation are mainly driven by their ability to curb emission levels and to provide cost benefits. To achieve this ability, a considerable amount of time and money needs to be spent on research and development, manufacturing and testing. All these factors contribute substantially to the high cost of aftermarket filters. This is expected to critically affect the aftermarket product sales over the forecast period.

Development of nanoparticles based filtration systems has shown positive results, though this technology is in the primary stage, it has already shown promising results in areas such as fine particulate capture and extended life.

With the latest innovation, new technology developments and change in the government regulation owing to environment concerns heavy-duty road filtrations aftermarket products are expected to witness a potential growth over the next eight years.

Fuel filters was the largest segment in 2015

Oil Filters were the majorly used products, accounting for 20% of total revenue in 2015. Filtration products used in the heavy-duty aftermarket is expected to witness significant growth owing to the increase in automobiles around the globe Furthermore, increasing awareness and industrialization towards the environment plays a major role in the growth.

Fuel filters are expected to be the fastest growing product segment owing to their properties such as protection of high-value vehicles and low maintenance cost. The fuel filter also helps to prevent debris and dirt prevention that could otherwise get into the engine and may damage the cylinder, pistons, and other engine components.

Trucks and buses application was the largest segment in 2015

Trucks and buses accounted for 30% of the overall industry in 2015. This particular application segment is expected to lose some share in future years due to the rising fuel cost and environmental issues. These concerns are pushing the government to invest in alternative fuels and technologies that are more efficient.

Trucks & buses represent only a small portion of the total vehicles population. Yet, they account a large percentage of the total fuel and energy consumed in the road transportation sector. The demand for heavy-duty filtration products for trucks & buses are expected to grow over the forecast period.

Asia Pacific held over one-fourth of revenue share in 2015

Asia Pacific heavy duty road filtration aftermarket led the global industry with revenue share exceeding 40% in 2015 and is expected to witness a similar trend over the forecast period. Growing need for aftermarket filters in countries such as China, Japan, South Korea and India is expected to promote the regional growth.

Furthermore, improving automotive sector in China, and India on account of low manufacturing cost coupled with favorable government regulations would also promote investments in the Asia Pacific region.

The market is fragmented in nature with the presence of both international and regional industry participants

The global heavy duty road filtration aftermarket is a fragmented industry with many international as well as regional players involved. The presence of a large number of manufacturers and distributors has flooded the industry resulting in a high competition. Major industry participants include Mann+Hummel, Cummins Filtrations, UTI Filters, SOGEFI Group, Parker Hannifin Corporation, Donaldson and many others.