Development prospect and analysis of filtration equipment industry

During the“ 十二五” Five Year Plan period, the domestic automobile industry will enter a stable, healthy and rapid development stage from super rapid growth. And auto parts will enter the peak of rapid development after the rapid development of the whole vehicle. The increase of car ownership, the increase of vehicle production and the transfer of global procurement to China have brought opportunities to the development of domestic filter industry.

China has become an important filter production base in the world, and the world filter industry is gradually transferring to China.

At present, there are more than 1000 filter manufacturers in China. Due to the variety and structure of automotive filter products, it is suitable for large-scale production with high degree of automation and small-scale workshop production with manual operation. Therefore, most of the production enterprises are small in scale, with more than 30 large and medium-sized enterprises. There is no monopoly super large enterprise in the industry.

The fierce competition in the filter market is mainly reflected in the after-sales market. The filter is a vulnerable part of the car and needs to be replaced regularly. Therefore, the sales volume in the after-sales market is very large, which directly leads to the number of filter enterprises competing for the after-sales market is far more than the supporting market.

In addition, there are many manufacturers in China's automobile filter industry, and the scale is generally small. Most of them are manual workshop type automobile filter enterprises with incomplete production conditions, backward detection means and small scale. These enterprises basically can not meet the requirements of supporting, so they can only compete in the after-sales market.

The fierce competition of enterprises makes the concentration of brands very low in the filter after-sales market. The market share of the top five filter enterprises is only 15%. In the supporting market, the market share of the top five filter enterprises has reached 40%. Although the demand of filter after-sales market is very large, with more and more enterprises entering this market, in fact, the filter after-sales market has entered the era of low profit, and the profit space is shrinking.

With the improvement of the production capacity of the industry, the products of China's independent brand filter enterprises can not only meet the needs of domestic main engine manufacturers and after-sales service market, but also export a considerable number of filters to Europe, North America, the Middle East and Southeast Asia. From the perspective of domestic market share, independent brand filter enterprises have a certain advantage, but multinational companies occupy an important market position, almost monopolizing the high-end model filter market.
At present, in the domestic filter industry, state-owned, private, joint venture and foreign-owned enterprises coexist with each other, most of which are small and medium-sized enterprises established by private investment.

With the rapid development of China's automotive industry in recent years, the rapid increase of car ownership provides a broad market space for China's automotive filters. In recent years, the rapid development of China's automobile industry has stimulated the market demand for auto parts.

In 2020, the total market demand of automotive filters in China will increase to 1.16 billion sets. The huge filter market has attracted the attention of many manufacturers, domestic and foreign enterprises have joined, resulting in the increasingly fierce competition in the current filter industry. It is expected that the market scale will exceed 85 billion yuan in 2020.