PUBLISHER: The Business Research Company | PRODUCT CODE: 1435681
PUBLISHER: The Business Research Company | PRODUCT CODE: 1435681
Automotive filters pertain to the air filters incorporated within vehicles, designed to trap diverse impurities and contaminants such as dust, pollen, metal particles, and fuel impurities. These filters play a crucial role in supporting the optimal functioning of a vehicle's engine, thereby enhancing efficiency and reducing overall vehicle maintenance expenses. Their primary objective involves augmenting the flow of clean air, thereby minimizing potential engine damage. Ensuring a continuous supply of fresh air is essential for engines to operate efficiently and sustain longevity.
Automotive filters encompass various types including fuel filters, oil filters, air filters, cabin filters, coolant filters, transmission oil filters, among others. Positioned within the fuel line, a fuel filter's purpose is to sift through fuel and eliminate contaminants such as dirt, debris, and dust particles. These filters employ diverse media types such as cellulose, fiberglass, and other variations. Additionally, they utilize different materials including particles, activated carbon, and electrostatic components. These filter variations find application across multiple vehicle categories including commercial vehicles, passenger vehicles, and other vehicle types. Distribution of these filters occurs through various channels including Original Equipment Manufacturer (OEM) and aftermarket sources.
The automotive filter market research report is one of a series of new reports from The Business Research Company that provides automotive filter market statistics, including automotive filter industry global market size, regional shares, competitors with an automotive filter market share, detailed automotive filter market segments, market trends and opportunities, and any further data you may need to thrive in the automotive filter industry. This automotive filter market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The automotive filter market size has grown strongly in recent years. It will grow from $24.05 billion in 2023 to $25.43 billion in 2024 at a compound annual growth rate (CAGR) of 5.7%. The growth observed in the historical period can be attributed to factors such as engine efficiency and performance, vehicle sales and production, consumer awareness and health concerns, industrial and environmental factors, and maintenance and replacement needs.
The automotive filter market size is expected to see strong growth in the next few years. It will grow to $32.21 billion in 2028 at a compound annual growth rate (CAGR) of 6.1%. Projected growth is driven by environmental sustainability goals, advanced filtration system adoption, global expansion of the automotive industry, increasing concern for cabin air quality, and growth in aftermarket demand. Key trends include innovations in heavy-duty filters, circular economy practices, focus on fuel efficiency and engine performance, remote and contactless maintenance, and retrofitting and upgradation efforts.
The automotive filter market is experiencing growth driven by increasing environmental concerns and stringent emission norms. Automotive filters play a crucial role in enhancing fuel efficiency and reducing emissions, including greenhouse gases. According to a report published by the US-based online publication, Our World in Data, in 2020, 60% of road transport emissions were attributed to passenger travel (cars, motorcycles, and buses), while the remaining 40% came from road freight (lorries and trucks). In response to the rise in greenhouse gas emissions, governments worldwide have implemented strict emission regulations. An illustrative example is the United States Environmental Protection Agency (EPA), which, in December 2021, released new national greenhouse gas (GHG) emissions requirements for passenger vehicles and light trucks for model years 2023-2026. These guidelines aim to achieve significant reductions in GHG emissions and other criterion pollutants. Consequently, the surge in environmental concerns and the implementation of stringent emission norms are expected to propel the growth of the automotive filter market.
The growth of the automotive filter market is expected to be propelled by the increasing production of vehicles. Vehicles, man-made machines designed for transportation, are powered by engines and used for carrying people or goods from one place to another. Automotive filters play a crucial role in vehicle production, ensuring engine longevity, optimal performance, and compliance with emission standards. This contributes to overall vehicle reliability and efficiency. For example, data from the Board of Governors of the Federal Reserve System, a US-based government agency, reveals that car production in the United States increased to 11.87 million units in August 2023, up from 10.91 million units in June 2023. Additionally, according to the European Automobile Manufacturers Association, a Belgium-based association, global motor vehicle production reached around 85.4 million units in 2022, representing a 5.7% increase compared to 2021. Therefore, the rising trend in vehicle production is a key driver fueling the growth of the automotive filter market.
The adoption of cabin filters for manufacturing automotive filters has become a notable trend gaining popularity in the automotive filter market. Cabin air filters play a crucial role in preventing the entry of dust, dirt, pollen, bacteria, and exhaust gases into the Heating, Ventilation, and Air Conditioning (HVAC) system of vehicles. These filters also serve to block bugs, leaves, and other debris, preventing them from clogging the system. As an illustration of this trend, in October 2021, Honda Cars India Ltd., a premium car manufacturer based in India, introduced an innovative anti-virus cabin air filter for all its upcoming cars. This advanced air filter is designed to capture a wide range of harmful germs and allergens, aligning with the growing emphasis on health and air quality in automotive solutions.
Major companies in the automotive filter market are strategically focusing on the introduction of high-performance filtration solutions, exemplified by innovations such as Ahlstrom ECO. This particular filter media, developed by Ahlstrom Oyj, a Finland-based automotive company, is designed to be both environmentally friendly and high-performance. Ahlstrom ECO filter media aims to enhance air quality and reduce emissions across various applications. Launched in April 2023, this renewable and sustainable filter media utilizes lignin-based impregnation, replacing fossil-based resin. Importantly, Ahlstrom ECO is engineered to maintain mechanical properties and durability even in challenging environments, representing a significant advancement in the quest for efficient and environmentally conscious filtration solutions within the automotive sector.
In December 2021, Freudenberg Filtration Technologies, a South Africa-based industrial air filter manufacturer, successfully acquired RPS Products for an undisclosed sum. This strategic acquisition is designed to broaden Freudenberg's presence in North America. RPS Products, based in the United States, is a manufacturer specializing in air filters for diverse applications.
Major companies operating in the automotive filter market report are Robert Bosch GmbH, Denso Corp., Kirloskar Cummins Ltd., Valeo SA, Parker Hannifin Corp., Mahle GmbH, Toyota Boshoku Corp., Dana Incorporated, Hanon Systems Co. Ltd., MANN+HUMMEL Gruppe, Lennox International Inc., Donaldson Company Inc., Ahlstrom Corporation, Modine Manufacturing Company Inc., Sogefi SpA, Gentherm Inc., Hengst SE, Champion Laboratories Inc., K&N Engineering Inc., Grayson Thermal Systems Corp., Thomas Industrial Network, Grand Prix Engineering Pvt. Ltd., Fleetguard Filters Private Limited, Industrial Filters and Fabrics Pvt. Ltd., Innovation Filter System Pvt. Ltd., Kleenoil Filtration Ltd., SE Coopermatics Filtration Systems India Pvt. Ltd., Gopani Product Systems Pvt. Ltd., SP Singh Co. Ltd., Usha Filters Pvt. Ltd.
North America was the largest region in the automotive filter market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the automotive filter market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the automotive filter market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The automotive filter market consists of sales of automotive filters made up of cotton, synthetic paper and foam. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Automotive Filter Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on automotive filter market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for automotive filter ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The automotive filter market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of covid 19 on supply chains and consumption patterns.