USD 10.75 billion
Report ID:
SQMIG25A2056 |
Region:
Global |
Published Date: July, 2024
Pages:
157
|Tables:
90
|Figures:
76
Automotive Filter Market size was valued at USD 11.1 Billion in 2023 and is poised to grow from USD 11.47 Billion in 2024 to USD 14.88 Billion by 2032, growing at a CAGR of 3.3% during the forecast period (2025-2032).
Automotive filters are majorly utilized to help remove dust particles and air pollutants from vehicles in order to improve vehicle efficiency by reducing fuel consumption and increasing power output. It also helps to increase airflow and reduce engine damage, extending the life of the vehicle. Furthermore, it has a wide range of applications in the automotive industry. Automobile filters keep dangerous pollutants, impurities, and toxins out of the vehicle. These filters absorb pollen, dust particles, and foul-smelling gases that enter the car via the heating, ventilation, and air conditioning (HVAC) system. Automobile filters are becoming increasingly well-known as a means to reduce the environmental impact of vehicles because they improve engine efficiency and reduce fuel consumption. In addition, the prolonged increase in vehicle production and rising vehicle sales will drive the development of the automotive filter market. However, nonreplaceable filters will have an adverse effect on the filter aftermarket in the upcoming years, as some filters, including such air and cabin filters, do not need to be replaced during the vehicle's shelf life.
US Automotive Filter Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 10.75 billion
Largest Segment
fuel filter
Fastest Growth
fuel filter
Growth Rate
3.3% CAGR
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Automotive Filter Market is segmented based on the filter type, vehicle type, distribution channel, and region. Based on filter type, global Automotive Filter Market is segmented fuel filter, engine filter (oil, air), cabin air filter, steering filter, and others. Based on vehicle type, the Automotive Filter Market is segmented into passenger vehicle, and commercial vehicle. Based on distribution channel, the Automotive Filter Market is segmented into OEM, and aftermarket. Based on region, Automotive Filter Market is categorized into North America, Europe, Asia-Pacific, Latin America, and MEA.
Automotive Filter Market Analysis by Filter Type
Based on filter type, global automotive filter market is segmented fuel filter, engine filter (oil, air), cabin air filter, steering filter, and others. Cabin air filters help to remove pollutants such as dust and pollen from the air, allowing passengers to breathe comfortably. The growing health consciousness among consumers, coupled with increasing investments by automotive filter market players for enhancing the efficiency of cabin air filters, has contributed to the expansion of the cabin air filter segment.
Engine filters are expected to have a significant share during the forecast period. However, there is a chance that large investments in this promising filter will end up in automotive filters making it much more significant in the long run. Polyurethane in these filters is increasingly being used for keeping motors clean and overall engine health.
Automotive Filter Market Analysis by Vehicle Type
Based on vehicle type, the automotive filter market is segmented into passenger vehicle, and commercial vehicle. The explosive growth of infrastructure and industries in developing countries has significantly contributed to the sale of commercial vehicles. Furthermore, the tourism industry has played an important role in the growth of commercial vehicles over the last few decades. The growing percentage of e-commerce and real estate transactions is expected to drive demand for commercial vehicles in the next 7-8 years. As a result, the commercial vehicle segment is expected to remain dominant throughout the forecast period.
During the forecast period, the passenger vehicle segment is expected to be the most opportunistic. Rising disposable income, growing middle-class population, and demand for luxury vehicles are all driving up global demand for passenger vehicles.
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North America held the largest global automotive filter market share in 2021, owing to rising demand for automobiles in countries such as the United States and Canada. Furthermore, rising vehicle manufacturing company investment in the production of automotive vehicles is boosting market growth.
Asia Pacific is expected to grow significantly in the coming years as a result of factors such as rapid urbanisation, massive investments in infrastructure and connectivity, rapid industrialization, and rising passenger vehicle demand. Countries such as China and India offer the most lucrative growth opportunities to the automotive industry's key players. Furthermore, due to the availability of cheap raw materials and labour, as well as growing government initiatives to attract investments, China and India are on their way to becoming global manufacturing hubs.
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Automotive Filter Market Driver
Automotive Filter Market Restraint
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Global automotive filter market is highly competitive and somewhat fragmented. To maintain a competitive edge, the major industry participants are continually implementing various growth strategies. Innovations, mergers, and acquisitions, collaborations and partnerships are adopted by these players to thrive in the competitive market. In order to provide industries with the most effective and economical solutions, the major market players are also continually concentrating on R&D.
Automotive Filter Market Top Player's Company Profiles
Mann+Hummel Group
Donaldson Company, Inc.
Parker Hannifin Corporation
Denso Corporation
Cummins Inc.
K&N Engineering, Inc.
Robert Bosch GmbH
Champion Laboratories, Inc.
Freudenberg Filtration Technologies SE & Co. KG
WIX Filters
UFI Filters Spa
ALCO Filters Ltd.
Hengst SE & Co. KG
Kuryakyn Holdings, LLC
MANN+HUMMEL Purolator Filters LLC
Fleetguard Filters Pvt. Ltd.
AC Delco
Sakura Filter Industries Co., Ltd.
Automotive Filter Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our global automotive filter market analysis, because of rising sales of luxury vehicles, the market in North America is expected to grow rapidly. Increasing disposable income, the rise of the middle class in developing countries, increased awareness about the harmful effects of carbon emissions, and increased demand for premium and luxury vehicles in the developed market are all expected to boost the growth of the market throughout the forecast period. However, the vehicle's non-replaceable filters are likely to suppress market growth.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 10.75 billion |
Market size value in 2031 | USD 14.4 billion |
Growth Rate | 3.3% |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
|
Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
|
Customization scope | Free report customization with purchase. Customization includes:-
|
Historical Year | 2019 |
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Automotive Filter Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Automotive Filter Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Automotive Filter Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Automotive Filter Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Automotive Filter Market size was valued at USD 10.75 billion in 2019 and is poised to grow from USD 11.1 billion in 2023 to USD 14.4 billion by 2031, growing at a CAGR of 3.3% in the forecast period (2024-2031).
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Report ID: SQMIG25A2056
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