Motorcycle Filters Market
The market for motorcycle filters is anticipated to generate sales worth US$ 3,788.7 million in 2023 and continue to develop with a CAGR of approximately 4.9% to reach a market valuation of roughly US$ 6,112.9 million by the end of 2033. Due to the enormous volume of motorcycles produced, it is projected that sales of motorcycle filters will be dominated by countries in India, China, and ASEAN.
The motorcycle filters market is witnessing robust growth as motorcycles are gaining popularity due to their affordability, fuel efficiency and environmental friendliness. The growing demand for performance-enhancing upgrades, such as replacement air filters, oil filters and fuel filters from motorcyclists is driving the growth of the market. Manufacturers are focusing on introducing high-quality products that can meet the stringent requirements of emissions regulations without compromising on the performance of the vehicle. Additionally, increasing investments in research & development activities to develop advanced filtration technologies will further drive the demand in this space in the years ahead.
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The motorcycle filters market refers to the market for filters used in motorcycles, including air filters, oil filters, fuel filters, and other types of filters. The demand for motorcycle filters is driven by the growing demand for motorcycles globally, as well as the increasing focus on vehicle maintenance and emissions control. Key players in the motorcycle filters market include major automotive parts manufacturers such as K&N Engineering, Inc., Bosch, Donaldson, and Champion Laboratories, Inc. The market is segmented based on product type, motorcycle type, and geography.
Key Takeaways of Motorcycle Filters Market Study
The motorcycle filters market has expanded significantly, mainly due to filters aiding better combustion operation, leading to an improvement in the maximum power, along with the bike’s peak torque output. In addition, the motorcycle can achieve improved fuel efficiency and throttle response with a better combustion process, owing to proper filtration.
Out of all the filter types, oil filters ensure that pollutants are washed away from the gasoline, which results in reduced emissions, thus decreasing the degree of air pollution. Using a proper oil filter in a motorcycle also increases the life span of the engine, thereby reducing maintenance costs.
Asia Pacific, which has both, prominent production of motorcycles and the most used motorcycles, is expected to hold a significant share in the global motorcycle filters market. Also, rapidly increasing demand for motorcycle filters in OEMs as well as the aftermarket is projected to boost market growth.
Manufacturers are focusing on three crucial factors when it comes to motorcycle oil filters – efficiency, life, and flow. A robust filtration standard along with testing the filter efficiency helps market players build strategies that meet the requirements of the OE (original equipment).
By sales channel, the IAMs segment is anticipated to hold a paramount share in the aftermarket as compared to OEMs, backed by the rising network of non-brand specific repair shops. Also, these players are investing in optimizing customer experience by introducing different service offerings.
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Motorcycle Filters Market: Competition Overview
The motorcycle filters market has become fairly competitive, as manufacturers are launching specific products that are compatible to motorcycle engines, at the same time complying with existing regulations in the market. Key players involved in the motorcycle filters market are –
K & N Engineering, Inc.
Pipercross Performance Filters
Uni Filter Inc.
Roki Co. Ltd.
Filtrak Brandt GmbH
Solat International Trading Co., Ltd.
Guangzhou Jiade Special Foam
Global Motorcycle Filter Market by Category
By Filter Type, the market is segmented as:
Air Intake Filters
By Filter Media, the market is segmented as:
By Sales Channel, the market is segmented as:
By Region, the market is segmented as:
South Asia Pacific
Middle East and Africa
Government regulations on exhaust emission laws are anticipated to create significant growth opportunities for the motorcycle filters market. Moreover, sales of motorcycles are anticipated to witness significant progress over the forecast period, which can be attributed to growth in disposable income, globally. This will subsequently give rise to increased demand for efficient engines in motorcycles for smooth operation over a longer duration, which is simultaneously expected to drive the growth of the motorcycle filters market through 2033.
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This release was published on openPR.