NEW
YORK, July 4, 2024 /PRNewswire/ -- The
global automotive filters market size is estimated to
grow by USD 5.93 billion from
2024-2028, according to Technavio. The market is estimated to grow
at a CAGR of almost 3.95% during the forecast period.
Increasing demand for road transportation is driving market
growth, with a trend towards rising demand for multilayer
filtration systems. However, rising demand for evs poses
a challenge. Key market players include A. Kayser Automotive
Systems GmbH, Ahlstrom Holding 3 Oy, ALCO Filters Ltd., Cummins
Inc., DENSO Corp., Donaldson Co. Inc., ELOFIC INDUSTRIES Ltd.,
First Brands Group, Ford Motor Co., Hengst SE, MAHLE GmbH, MANN
HUMMEL International GmbH and Co. KG, Parker Hannifin Corp.,
Purofil Auto India Pvt Ltd, Robert Bosch GmbH, Sogefi Spa, Toyota
Motor Corp., UFI filters SPA, Valeo SA, and Zenith Auto Industries
Pvt. Ltd..
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segments, customer landscape, and companies- View the
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Automotive Filters
Market Scope
|
Report
Coverage
|
Details
|
Base year
|
2023
|
Historic
period
|
2018 - 2022
|
Forecast
period
|
2024-2028
|
Growth momentum &
CAGR
|
Accelerate at a CAGR of
3.95%
|
Market growth
2024-2028
|
USD 5932.1
million
|
Market
structure
|
Fragmented
|
YoY growth 2022-2023
(%)
|
3.74
|
Regional
analysis
|
APAC, North America,
Europe, South America, and Middle East and Africa
|
Performing market
contribution
|
APAC at 61%
|
Key
countries
|
China, US, India,
Germany, and UK
|
Key companies
profiled
|
A. Kayser Automotive
Systems GmbH, Ahlstrom Holding 3 Oy, ALCO Filters Ltd., Cummins
Inc., DENSO Corp., Donaldson Co. Inc., ELOFIC INDUSTRIES Ltd.,
First Brands Group, Ford Motor Co., Hengst SE, MAHLE GmbH, MANN
HUMMEL International GmbH and Co. KG, Parker Hannifin Corp.,
Purofil Auto India Pvt Ltd, Robert Bosch GmbH, Sogefi Spa, Toyota
Motor Corp., UFI filters SPA, Valeo SA, and Zenith Auto Industries
Pvt. Ltd.
|
Market Driver
Automotive filters are essential for maintaining vehicle
components by preventing contaminants from entering engines,
transmissions, and cabins. Multilayer filters, with multiple
filtration stages, offer superior protection and extended filter
life, reducing maintenance costs for owners. These filters improve
engine performance and fuel efficiency by ensuring cleaner air and
fluids, and contribute to environmental sustainability by reducing
harmful emissions. Advanced technologies, like sensor systems,
enable predictive maintenance and improve market growth.
The Automotive Filters market is experiencing significant growth
due to the increasing demand for cleaner and more efficient
engines. Filters for air, fuel, oil, and cabin are in high demand.
Heavy duty vehicles and commercial applications require specialized
filters for durability and performance. Carbon active filters and
vegetable oil based filters are trending for their eco-friendly
properties. Electrostatic filters and nanofiber filters offer
enhanced filtration capabilities. The market is competitive with
key players focusing on innovation and cost-effectiveness. The
future looks bright for this sector as regulations on emissions
continue to tighten.
Research report provides comprehensive data on
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Report
Market Challenges
• The automotive
filters market is anticipated to experience a decline due to the
rising popularity of electric vehicles (EVs). Key factors driving
the shift towards EVs include government subsidies, decreasing
battery prices, and the introduction of cost-effective EV variants.
This trend is particularly noticeable in major markets like
China, the US, Japan, Norway, and Germany. The IEA reports that EVs accounted
for 18% of new car sales in 2023. Although conventional vehicles
still dominate sales, the demand for EVs is projected to grow
further due to supportive government policies. Consequently, the
demand for automotive filters, which are essential for fuel-powered
vehicles, is expected to decrease.
• The Automotive
Filters market faces several challenges. The use of advanced
technologies like NOx and SCR systems in vehicles necessitates the
development of more efficient and effective filters. The need for
longer filter life and reduced maintenance costs is another
challenge. The increasing demand for fuel-efficient vehicles and
stringent emission norms add to the complexity. Additionally, the
cost of raw materials and the availability of high-quality filters
pose significant challenges. Electrostatic filters, activated
carbon filters, and cellulose filters are commonly used, but
continuous research is required to meet the evolving needs of the
industry. The future lies in filters that can effectively remove
pollutants while ensuring optimal engine performance and fuel
efficiency.
For more insights on driver and
challenges - Request a sample report!
Segment Overview
This automotive filters market report extensively covers market
segmentation by
- Type
- 1.1 Air filters
- 1.2 Oil filters
- 1.3 Fuel filters
- Distribution Channel
- Geography
- 3.1 APAC
- 3.2 North America
- 3.3 Europe
- 3.4 South America
- 3.5 Middle East and
Africa
1.1 Air filters- The automotive filters market is
experiencing robust growth due to the increasing demand for
automobiles, particularly passenger cars. Engine air filters
enhance engine performance by circulating clean air, while cabin
air filters purify air inside vehicles. Emerging markets, such as
India and China, exhibit high demand for commercial
vehicles, leading to increased adoption of cabin air filters.
Government regulations and growing awareness of air pollution are
key drivers. Major vendors are expanding in emerging economies to
reduce costs and tap into new markets.
For more information on market segmentation with
geographical analysis including forecast (2024-2028) and historic
data (2017-2021) - Download a Sample Report
Research Analysis
The Automotive Filters Market encompasses various filtration
media types, including Synthetic media, Electrostatic material, and
others. These filters play a crucial role in Heavy duty engines
powering Heavy trucks, as well as in Battery Electric Vehicles
(BEVs) and Plug-in Hybrid Electric Vehicles (PHEVs). EMI/EMC
filters, Dryer cartridges, Electrostatic filters, Air filters, Oil
filters, Fuel filters, and Coolant filters are essential
components. With increasing Greenhouse emission standards, the
focus on Particle filters, Catalytic converters, and improved Fuel
efficiency is paramount. Novel filter materials are being explored
to enhance Engine efficiency, Vehicle longevity, and contribute to
Sustainability and Fuel economy in the Automobile sector. Emission
regulations continue to evolve, driving the need for advanced
filtration technologies.
Market Research Overview
The Automotive Filters Market encompasses a wide range of
products designed to enhance the performance and longevity of
vehicles. These filters, including air, cabin, fuel, and oil
filters, play a crucial role in maintaining engine efficiency and
ensuring the comfort of vehicle occupants. The market for
automotive filters is driven by factors such as increasing vehicle
production, growing awareness of vehicle maintenance, and stringent
emission norms. Additionally, advancements in filter technology,
such as the use of nanofibers and activated carbon, are expected to
fuel market growth. The market for automotive filters is a
significant and growing sector within the automotive industry.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Type
-
- Air Filters
- Oil Filters
- Fuel Filters
- Distribution Channel
-
- Geography
-
- APAC
- North America
- Europe
- South America
- Middle East And Africa
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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SOURCE Technavio