Global Automotive Filter Market to Grow at a CAGR of 3.05% During the Forecast 2027

By | January 18, 2023
Automotive Filter Market

The growing concerns about air pollution caused by the gases emitted by the vehicles and the high demand for air filters in the aftermarket are driving the growth of the automotive filter market in the forecast period, 2023-2027.

According to TechSci Research report, Automotive Filter Market – Global Industry Size, Share, Trends, Competition, Opportunity, and Forecast, 2017-2027”. The global automotive filter market stood at USD48,396.65 million in 2021 and is expected to grow at a CAGR of 3.82% during the forecast period to reach USD60,148.69million in 2027 on account of rising demand for automotive filters which are compact-sized, lightweight and fuel-efficient. Furthermore, demand for the automotive filter is anticipated to propel the market during the forecast period.

The global automotive filter market is segmented based on vehicle type, filter type, application, media, demand category, and region. Based on type, an automotive filter commonly consists of three segments which are fuel filter, oil filter, and air filter. The reason behind using these filters is to capture all the debasements which might directly influence the wear and tear in a vehicle’s engine. These debasements can either be dust or any contaminants in the air. Oil filter application is to filter back the impurities from oil to various engine components, which helps engine to run smoothly and give longer life. The fuel and gas injected during internal combustion should be free from any kind of debasements for better mileage and power. A tiny dust particle can impact the performance of the engine. Air filter is divided into two sub-segments based on their application i.e.  cabin air filter and engine air filter. Cabin air filters remove the pollen, dust and airborne particles which enters the cabin through ventilation, air conditioning, or heating system. Majority of share of automotive filter market has been captured by Asia-Pacific region which is more than 50% of overall market.

Browse over 156 market data Figures and Tables spread through 110 Pages and an in-depth TOC on Global Automotive Filter Market

https://www.techsciresearch.com/report/automotive-filters-market/2368.html

Based on vehicle type, the market is further fragmented into passenger cars, two-wheeler, light commercial vehicles, medium and heavy commercial vehicles, and OTR. In this segment, passenger car accounted for the largest market share of 49.45% in the year 2021, followed by two-wheeler with a market share of 26.01%. As the sales of passenger cars is very high as compared to any other vehicle type in every country, the demand for filters at the manufacturing time of manufacturing is high for the passenger car among the other vehicle types. Passenger cars are mostly used for daily work such as for office use, shopping, traveling, etc., and the air filter needs to be replaced every six to 12 months due to which demand for air filter is high. Moreover, people nowadays are more concerned about air pollution and the government is taking initiatives to check the pollutants being released by the car.  Owing to growing research and development in the filter media it is anticipated to be the fastest growing segment during the forecast period.

Based on application, the market is bifurcated into cabin filter and engine filter. Most of the automotive filter sold in year 2021 were built for applications in engine air filter. Engine filter application includes filters used for oil, fuel, air, etc. Engine filter application has shown colossal growth in global automotive filter market, commanding a share of 82.63% in 2021.

Based on region, the market is further fragmented into Asia-Pacific, North America, Europe, South America, Middle East, and Africa. The global automotive filter market is majorly dominated by Asia-Pacific owing to China as the country has accounted for a market share of 54.76% in the year 2021. China had the highest sales of automotive filters in the world in the year 2021. China is home to many small manufacturers of automotive filter manufacturers such as Universe Filter, Arrow Auto Parts Manufacturing Co., Ltd., etc., and filter original equipment manufacturers (OEM) such as MANN+HUMMEL International GmbH & Co. KG, Donaldson Company Inc., etc. Furthermore, the region leads over the other regions in terms of automotive filter parts manufacturers, aftermarkets, and favorable government policies, etc.

 North America occupies the second position in terms of market share in the region type, holding 19.31% market share among the other regions. The United States has a major market share of 76.01% as the sales of the automotive filter are high in the United States. Owing to rapid growth in eCommerce and the increasing rate of replacements of existing fleets, automotive filters have gained steep market penetration in the past five years and the trend is anticipated to continue in the forthcoming years as well.

Key market players in the automotive filter market include:

  • MANN+HUMMEL International GmbH & Co. KG
  • MAHLE GmbH
  • Donaldson Company Inc.
  • Toyota Boshoku Corporation
  • Freudenberg SE
  • K&N Engineering, Inc
  • Denso Corporation
  • Elofic Industries Ltd
  • Hengst SE
  • Robert Bosch GmbH

Automotive filters manufacturers such as MANN+HUMMEL International GmbH & Co KG, MAHLE International GmbH, Donaldson Company, Inc., Toyota Boshoku Corporation, Freudenberg SE, K&N Engineering, Inc., Denso Corporation, Elofic Industries Ltd., Hengst SE, Robert Bosch GmbH are holding a significant position in the global automotive filter market.

Download Sample Report

Customers can also request for 10% free customization on this report.

“Asia-Pacific held the largest market share of 54.86% in the market in 2021 and is expected to be the leading region in the global automotive filter market on the account of availability of well-established automotive filter industry. Furthermore, the market’s growth is being aided by the quick increase in research and development in the field, as well as the increasing environmental concerns toward developing fuel-efficient engines. Emerging market players are advised to invest and focus on the research and development of the automotive filters and services for the brand establishment. Collaborations and regulated deals with the established market players would help the prospects of the new market player,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

Automotive Filter Market – Global Industry Size, Share, Trends, Competition, Opportunity, and Forecast, 2017-2027, Segmented By Vehicle Type (Passenger Cars, Light Commercial Vehicles, Medium & Heavy Commercial Vehicles, Two-Wheeler, Off-the-Road Vehicles), By Filter Type (Air Filter, Oil Filter & Fuel Filter), By Application (Cabin Air Filter, Engine Filter), By Filter Media (Particulate, Activated Carbon Media, Cellulose Media, Synthetic Media, Others), By Demand Category (OEM, Replacement), By Region, Competition, Forecast, & Opportunities, 2027”,  has evaluated the future growth potential of global automotive filter market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision-makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the global automotive filter market.

Contact

Mr. Ken Mathews

708 Third Avenue,

Manhattan, NY,

New York – 10017

Tel: +1-646-360-1656

Email: [email protected]

Web:  https://www.techsciresearch.com