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Chinese consumers are growing more sophisticated about cars and their tastes are evolving. To succeed in this more demanding environment, automakers must better understand what their customers want.
In this way, the Chinese car market is becoming perhaps even more complex than North American, Europe, and Japan, given the many regional and segment differences.
As an executive it is necessary to understand the intricacies of the automotive market and industry, where the market is headed because the automotive industry presents the total gross domestic Product and Employment.
This growth has not only been in taste and innovation, but also in standards of emissions and cleanliness of engines / everaging on its global know how and globally connected R&D centers (one of which is located in Shanghai China has managed to ensure the engines produced by global and local OEMs had the necessary compliance with standards of emission.
Demand for filters in China will increase by certain percent per annum to double by next decade . Motor vehicles and manufacturing will remain the largest markets, while the market for consumer filters will be expanded greatly by urbanization. Internal combustion engine (ICE) and related filters will be the largest and fastest growing product category.
The China Industrial Filters Market accounted for $XX Billion in 2022 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2023 to 2030.
UFI FILTERS BLOOM NEW VITALITY IN CHINA – Europe has caught on to this trend and declarations of “Full range electrification” abound among European car manufacturers and legislators.
The trend is a disruptive one because the technology of the Electric vehicles are simpler than an internal combustion engine and the complexity has gone from the engine and car development to the passengers and their entertainment/connectivity.
This new trend has opened the market to a new type of manufacturers that were nottraditional vehicle manufacturers but that instead have their expertise in the connectivity . Prime examples of this trend are Apple , Huawei , FoxConn who are traditionally mobile phone giants.
A temperature which is too high will create problems to the electric engine, transmission and battery, while a temperature too low will affect the operational capacity of the vehicle and reduce range and performance.
