PUBLISHER: The Business Research Company | PRODUCT CODE: 1249212
PUBLISHER: The Business Research Company | PRODUCT CODE: 1249212
“Automotive Filter Global Market Report 2023 ” 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.
Companies Mentioned: MANN+HUMMEL; Robert Bosch; Toyota Boshoku; Cummins; Parker Hannifin Corp
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Major players in the automotive filter market are: MANN+HUMMEL, Robert Bosch, Toyota Boshoku, Cummins, Parker Hannifin Corp, Ahlstrom Corporation, Denso, Mahle GmbH, Hengst SE, Valeo SA, Sogefi Group, K&N Engineering Inc., Donaldson, Dana Incorporated, Grayson Thermal Systems, Gentherm Inc., Hanon Systems, Lennox International Inc., and Modine Manufacturing Company Inc.,
The global automotive filter market grew from $22.57 billion in 2022 to $24.43 billion in 2023 at a compound annual growth rate (CAGR) of 8.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The automotive filter market is expected to grow to $31.69 billion in 2027 at a CAGR of 6.7%.
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 automotive filter refers to the air filters installed in vehicles that capture various impurities and contaminants such as dust, pollen, metal particles, and impurities in the fuel. Automotive filters assist in the smooth operation of a vehicle's engine, resulting in increased efficiency and lower vehicle maintenance costs. The automotive filters are used to increase the flow of clean air to reduce engine damage, as engines require a constant supply of fresh air to function properly and last longer.
North America was the largest region in the automotive filters market in 2022. 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 and Africa.
The main types of automotive filters are fuel filters, oil filters, air filters, cabin filters, coolant filters, transmission oil filters, and others. A fuel filter is located in the fuel line to screen out contaminants such as dirt, debris, and dust particles from the fuel. The different media types include cellulose, fiberglass, and other media types. The various material types are particle, activated carbon, and electrostatic, which are used in vehicles including commercial vehicles, passenger vehicles, and other vehicle types. It is distributed through various channels such as OEM, aftermarket.
An increase in environmental concerns and stringent emission norms is contributing to the growth of the automotive filter market. Automotive filters help in increasing fuel efficiency and reducing emissions and greenhouse gases. According to a report published by a US-based online publication, Our World in Data, in 2020, 60% of road transport emissions will come from passenger travel (cars, motorcycles, and buses) and the remaining 40% from road freight (lorries and trucks). The government has developed strict emission regulations in response to the increase in greenhouse gas emissions in the environment. For instance, in December 2021, for model years 2023-2026, the United States Environmental Protection Agency (EPA), a US-based government agency, released new national greenhouse gas (GHG) emissions requirements for passenger vehicles and light trucks. The final guidelines would result in significant reductions in GHG emissions as well as other criterion pollutants. Therefore, the increase in environmental concerns and stringent emission norms will contribute to the growth of the automotive filter market going forward.
The use of cabin filters for making automotive filters has emerged as a key trend gaining popularity in the automotive filter market. The cabin air filter keeps dust, dirt, pollen, bacteria, and exhaust gases from entering the HVAC system of cars. These filters also block bugs, leaves, and other debris from clogging the system. For instance, in October 2021, Honda Cars India Ltd., an India-based premium car manufacturer, launched innovative anti-virus cabin air-filter for all its upcoming car. The new air-filter captures a wide range of harmful germs and allergens.
In December 2021, Freudenberg Filtration Technologies, a South Africa-based manufacturer of industrial air filters acquired RPS Products for an undisclosed amount. The acquisition would expand Freudenberg's business in North America. RPS Products is a US-based manufacturer of air filters for various applications.
The countries covered in the automotive filter market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
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.
The automotive filters market research report is one of a series of new reports from The Business Research Company that provides automotive filters market statistics, including automotive filters industry global market size, regional shares, competitors with an automotive filters market share, detailed automotive filters market segments, market trends and opportunities, and any further data you may need to thrive in the automotive filters 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.