Auto filter industry into the era of form a complete set, Demand is rising
Automotive filters through filtering the air entering the engine, engine oil and fuel, and thus play a role to protect the engine, while improving the work efficiency of the engine; it is an essential part of an automobile engine.
Given Car Filters and vehicle (or engine) is directly supporting the relationship. In recent years, with the rapid development of China’s automobile industry, car ownership increased, this all provide a broad market space for filters.
1.Automotive filters demand is on rising
China Automobile Industry Association latest statistics show that before November 2010, total vehicle sales of 16,395,400, an increase of 34.05%, car sales expected this year will reach 18 million, an increase of 32%. In recent years, the rapid development of China’s automobile industry, pull the auto parts market demand, filter industry is one example. It is expected in 2020 China’s automotive market demand will increase the total filter 1.16 billion units.
2.Automotive filter market competition is intense
Filters huge market has attracted the attention of many manufacturers; lots of domestic and foreign enterprises have joined into this field, which caused the current filter industry competition increasingly fierce. At present, more than 1,000 existing filter manufacturing enterprises, since the filter product variety and structural diversity, it’s not only fit for higher degree of automation of mass production, but also can be used mainly manual small quantities cottage, Therefore, most manufacturers are small, medium-sized enterprises have more than 30, Monopoly of large enterprises currently not formed within the industry.
3.Under low-profit era filter companies into aftermarket
Although the demand for filter aftermarket is great, as more and more companies enter into the market, filter aftermarket has entered the era of meager profit, and profit margins are still shrinking. Coupled with the appreciation of the RMB, raw material prices, these factors make the enterprise even more badly, how to break through?
Insiders said filter companies would have to enter to aftermarket to win the market, due to the high demands on aftermarket; the enterprise is not too much, so competition is relatively good, and profit margins are relatively high. But foreign investment, joint brand to seize the market, almost a monopoly of high-end models filter supporting the market, thus increasing the strength of their brand of technology is particularly important.
Fortunately, some domestic filter manufacturers have realized this, and effort to enter into the aftermarket, while entering the market will face difficulties, but it has become a trend.