Automotive Filters Market to 2027 by Type (Fuel Filter, Engine Oil Filter, Engine Air Filter, Cabin Air Filter, Coolant Air Filter, and Steering Oil Filter); Vehicle Type (Passenger Car, Light Commercial Vehicle, and Heavy Commercial Vehicle)
Market Overview:
The automotive filters market was valued at US$ 3570.0 Mn in 2018 and is expected to grow at a CAGR of 5.0% from 2019 to 2027 to reach US$ 5383.8 Mn by 2027. The automotive filters are designed and developed to prevent the entry of dirt particles such as bacteria, exhaust fumes, pollens, and others into the engine and carburetor. The use of these filters further minimizes the air pollutants that are emitted by the vehicles, thus, extends the service life of the vehicle, and reduces the maintenance cost. The government and emission bodies around the world have imposed stringent emission laws for the vehicles that emit hazardous gases such as nitrogen oxide (NOx), hydrocarbons (HC), carbon monoxide (CO), and others. For instance, the Environmental Protection Agency (EPA) in the U.S. has amended standards such as fuel economy standards for the LCVs and national program for greenhouse gas emissions (GHG). In addition, drivers, in today’s time, feel the impact of increasing oil prices every day at the pump, due to which the gasoline is becoming considerably expensive and the call for effective solutions for reducing fuel consumption is growing stronger. Some of the leading filter manufacturers have developed unique and wide-ranging seal-based solution for emissions reduction in utility vehicles and passenger. For instance, Freudenberg Filtration Technologies SE & Co. KG has developed the Filtration Technologies that contribute to the effective reduction of CO2 emissions through its fully synthetic micronAir engine intake air filters that help in protecting valuable resources. Thus, this in turn, is boosting the growth of automotive filters market.
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Market Insights
Increasing sales of premium and luxury car owing to rising disposable income
Globally, the trend of urbanization is growing at an exponential rate, which is leading to the hike in the average disposal income of urban population, allowing them to enhance their lifestyles. The transformed lifestyles is further boosting the demand for passenger cars, thus propelling the manufacturers to uplift the production to be able to optimally cater to customers. The production of vehicles, including passenger cars, has registered steady growth in developed, as well as developing economies, in the post-recession era, i.e., since 2010. Lowered interest rates on loans has also favored the growth of the automobile industry. The year-on-year growth rate of passenger car production has been close to 2% in the past 7–8 years. As per automobile associations, the global vehicular population crossed 1 billion in 2010, which was driven by the aggressive growth rates in India and China in that fiscal year. In addition, as per the Organization Internationale des Constructeurs d'Automobiles (OICA), the total production of passenger car in Europe at the end of year 2017 was 19,595,025 units as compare to 19,051,672 units in the year 2016. The rise in the sales of vehicles, in particular passenger cars, can be attributed to the steady increase in the disposable incomes of consumers, especially during the post-recession era. In the western countries where consumers have huge disposable incomes, it has been observed that with the rise of the vehicular population, consumer preferences for buying passenger cars differs. As a result, cost- and fuel-efficiency are no longer the primary criteria for the purchase of these cars; instead, the purchases more depend on the comfort and luxury provided with them. Thus, this in turn, is boosting the growth of global automotive filters market.
Type Insights
In type segment, the automotive filters market, based on type is segmented into fuel filter, engine oil filter, engine air filter, cabin air filter, coolant filter, and steering oil filter. These filters are manufactured with pleated material, such as synthetic paper, cotton, or foam that further filters the air. The various forms of impurities in the air that are taken in or in the fuel may cause the engine components to perform prematurely, which in turn has led to increased demand for air filter in automotive filters market that helps to supply sufficient air to the combustion chamber and help save fuel.
Global Automotive Filters Market, by Type – 2019 & 2027
Vehicle Type Insights
The automotive filters market, by vehicle type, is segmented into passenger cars, light commercial vehicle, and heavy commercial vehicle. The global automotive market is experiencing significant growth trajectory in vehicle production and sales since the past decade. The rising demand for passenger cars across the globe is majorly attributed to the increasing disposable income among the populations in developed countries as well as developing countries. The trend of procurement of passenger cars is increasing at a rapidly rate over the years and the trend is anticipated to continue in the future. Passenger car segment undergo substantial technological advancements year on year, owing to the changes in consumer interests, emergence of new technologies, and governmental rules and regulation related to reduction in emission and other factors. In a current scenario, the people living in urban areas are mainly depends on car sharing, taxis, or on-demand services in place of their car.
Strategic Insights
Merger & acquisition strategy is commonly adopted by companies in automotive filters market to expand their footprint worldwide and meet the growing demand. This strategy in automotive filters market is mostly observed in North America, Europe and Asia-Pacific. The players present in the automotive filters market adopt the strategy of expansion and investment in research and development to enlarge customer base across the world, which also permits the players to maintain their brand name globally. Few of the recent acquisitions in automotive filters market are listed below.
2019: ACDelco a market player in automotive filters market launched new cabin air filters, these filters are manufactured with high-quality multiple fiber layer media and have capability to capture up to 95% dust, dirt, pollen and other pollutants. The filter facilitates improved airflow and helps defrosting performance of the A/C systems.
2019: Freudenberg Filtration Technologies a market player in automotive filters market launched activated carbon selection for automotive cabin air filters known as the micronAir gas shield line. This gas line consists of activated carbon combinations that adsorb a wide range of harmful gases and unpleasant odors from the air. The specific models offered by the company are customized for car manufacturer's needs and regional environmental conditions.
Automotive Filters Market – By Type
- Fuel Filter
- Engine Oil Filter
- Engine Air Filter
- Cabin Air Filter
- Coolant Air Filter
- Steering Oil Filter
Automotive Filters Market – By Vehicle Type
- Passenger Car
- Light Commercial Vehicle
- Heavy Commercial Vehicle
Automotive Filters Market by Region
- North America
o US
o Canada
o Mexico
- Europe
o France
o Germany
o Italy
o UK
o Russia
o Rest of Europe
- Asia Pacific
o China
o India
o South Korea
o Japan
o Australia
o Rest of Asia Pacific
- Middle East & Africa
o South Africa
o Turkey
o Rest of Middle East and Africa
- South America
o Brazil
o Argentina
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The List of Companies - Automotive Filters Market
- A.L. Filter Ltd.
- ACDelco
- Denso Corporation
- Donaldson Company, Inc.
- Freudenberg Group
- K&N Engineering, Inc
- MANN+HUMMEL
- North American Filter Corporation
- Robert Bosch GmbH
- Sogefi SpA
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