Filtration Consumables Aftermarket: Europe
To provide an overview of the replacement/aftermarket for filtration consumables in Europe, including a breakdown by end-market/application, growth, a breakdown by sales/distribution channels, and a list of the biggest wholesalers or distributors of replacement/aftermarket filters to the end-user.
Throughout our research, we tried to find the market size of the aftermarket/replacement for filtration consumables but we were not able to find any specific reports about filter replacement, as most of the reports focused specifically on industrial filtration, automotive filtration, and industrial air filtration. However, the only reports that actually detailed the size of the filtration aftermarket is the one on the automotive filtration industry. We also found a report for agricultural filtration but most of the information was locked behind a paywall. We also couldn't find any indication of the number of replacement filters sold in the region.
Automotive Filtration Market
- The European filtration market was valued at $5 billion in 2019 and is expected to grow at a CAGR of 5.6% by 2026.
- According to the report by Graphical Research, air filters are the most dominant segment in the market.
- The revenue generated from aftermarket amounted to $2.4 billion in 2019 while the revenue from OEM amounted to $2.6 billion. However, that is expected to shift towards the aftermarket segment because of the low cost and high replacement rate offered by automotive aftermarket distributors.
- In comparison, the global automotive aftermarket filter market was valued at $21.5 billion in 2019.
- Germany is the biggest market for automotive filters, generating a revenue of $535 million in 2019.
- Some of the biggest players for automotive filtration in Europe include Freudenberg Filtration Technologies, Hengst SE, Hollingsworth and Vose Inc., Mahale GmbH, and Mann+Hummel.
Industry Filtration Market
- The global industrial filtration market was valued at $29.5 billion in 2019 and is projected to reach $41.1 billion by 2025, growing at a CAGR of 6.9%.
- The industry is segmented into air and liquid filtration ad is used in manufacturing, oil & gas, power generation, pharmaceuticals, metal & mining, and the process industry.
- Liquid filtration is expected to dominate the industrial filtration market.
- According to the report, Europe occupies roughly 25% of the market, which means that in 2019, the European industrial market was worth roughly $7.4 billion in 2019 (0.25 * $29.5 billion).
- The European industrial air filtration market will reach $1.69 billion by the end of 2020.
- Dust collectors, which account for 21.78% of the market, and mist collectors, which is expected to reach over 20% market share by 2020, are the two biggest segments in the industrial air filtration market.
- Germany is the biggest market for industrial air collectors but the Italian market is expected to experience the biggest growth, at a CAGR of 7%.
- Some of the biggest players in Europe include Alfa Laval(Sweden), Eaton(Ireland), Ahlstrom-Munksjö (Finland), Donaldson, Clarcor Inc., and Camfil.
Proposed next steps:
You need to be the project owner to select a next step.