Filter market development trends

The filter industry is in high demand, with production capacity far lagging behind the growth rate of demand. However, since filters are all produced to order, and parts that are matched with the mainframe are also shipped to order, coupled with the impact of manufacturers' own production capacity, extended delivery cycles are inevitable. Insufficient production capacity and shortages of key components plague manufacturers and users. So, under the premise of a generally good environment, how is the domestic filter industry doing?

　　China's auto industry has developed rapidly in the past decade. The automotive filter industry, which is closely related to the development of complete vehicles, has also developed rapidly. With the gradual expansion of the number and scale of production enterprises, the technical level of filters is also constantly improving. Filters that meet emission standards have been successfully 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 competitive market. The competition in the aftermarket is particularly fierce. With the rapid development of China's auto industry in recent years and the rapid increase in vehicle ownership, a vast market space has been provided for China's automotive filters.

　　There are many reasons for the shortage of filters. From a macro perspective, the sustained growth of fixed asset investment has driven the rapid development of the engineering machinery industry, and the expansion of domestic demand has provided the most direct impetus for the market development of large engineering filters. Filters are consumable parts on automobiles and need to be replaced regularly, so the sales volume in the aftermarket is very large, which directly leads to the number of filter companies competing in the aftermarket being far greater than those in the supporting market. Filters are consumable parts on automobiles and need to be replaced regularly, so the sales volume in the aftermarket is very large, which directly leads to the number of filter companies competing in the aftermarket being far greater than those in the supporting market.

　　This article is compiled by Guangzhou Goodo Filter Co., Ltd.