Filter market development trend

Filter is an industry in short supply, its production capacity is far behind the growth rate of demand. But because the filter is produced according to order, and the parts supporting the main engine are also produced according to order, coupled with the impact of the manufacturer's own capacity, the supply cycle is inevitable. A shortage of production capacity and a shortage of key components have plagued both manufacturers and users. So under the premise of a good situation, how about China's filter industry?

China's automobile industry has achieved rapid development in this decade. And the vehicle filter industry, which is closely related to the development of the vehicle, has also developed rapidly. With the gradual expansion of the number and scale of production enterprises, the technical level of filter is also improving. Filters that meet the latest emission standards have been developed and mass-produced. The huge filter market has attracted the attention of many production enterprises, and domestic and foreign enterprises have joined the increasingly fierce competition in the market. In particular, the competition in the aftermarket has become more fierce. With the rapid development of Chinese automobile industry in recent years, the total quantity of vehicles has increased rapidly, which has provided a wide market space for Chinese vehicle filters.

There are many reasons for the shortage of filters. From a macro point of view, the continuous growth of fixed asset investment has driven the rapid development of the construction machinery industry, and the expansion of domestic demand has provided the most direct driving force for the market development of large-scale engineering filters. Filters are vulnerable parts in automobiles and need to be replaced regularly, so the sales volume in the after-sales market is very large, which leads to the number of filter enterprises competing for the after-sales market is far more than that in the supporting market.