Automotive Filters Market Size
The global Automotive Filters market size was valued at $20.25 billion in 2023 and is projected to reach $26.36 billion by 2029, growing at a CAGR of 4.5% during the forecast period.
Automotive Filters Market Dynamics
• Rising need to lower the carbon footprint, increasing vehicle production worldwide, and stringent government emission regulations are contributing to the market's growth.
• Additionally, growing health concerns among consumers and advancements in filter media/technology are creating ample opportunities for the market.
• However, the use of non-replaceable filters and counterfeiting of products are restraining the market.
Automotive Filters Market Overview
Filters play a big role in improving the efficiency of the vehicle. All modern vehicles are equipped with different filters to upgrade the vehicle efficiency. Automotive filters are designed and developed to prevent the entry of dirt particles such as pollens, bacteria, exhaust fumes, and others into the carburetor and engine. Filters are used in vehicles for air purity, fuel purity, emission exhaust purity, and oil purity. The use of these filters further minimizes the air pollutants that are emitted by the vehicles, thus extending the service life of the vehicle, and reducing the maintenance cost. In addition, more filters are used for cabin air purification.
By Fuel Type, the Gasoline Segment Emerge as the Dominant Segment
The gasoline segment is emerged as the dominant segment during the forecast period due to an increase in the stringency of emission norms. Gasoline Euro 6 or equivalent technologies are more economical than diesel technologies. In addition, the price-sensitive markets in Asia Oceania, such as China and India, would continue to prefer gasoline cars over diesel cars, thereby driving the market growth for gasoline filters.
By Geography, Asia Pacific Region Dominates by Being the Largest Market for Automotive Filters
Asia Pacific is expected to dominate the market during the forecast period. The improved infrastructure, increasing purchasing power, and low labor costs will enhance the growth of the market. The rising population and their demand for personal vehicles will attract new entrants in the Asia Pacific market.
Some of the Key Players Profiled in the Report Include:
• ACDelco Inc
• ALCO filters
• Cummins Inc
• Denso Corporation
• Donaldson Company Inc
• Hollingsworth & Vose Co. Inc
• Lydall Inc
• Mahle GmbH
• Mann+Hummel, Clarcor Inc
• Robert Bosch GmbH
• Toyota Boshoku Corporation
What Can be Explored with this Research Report:
• Understand the key trends that will drive the market and the challenges it faces in the current market scenario.
• Identify growth opportunities.
• Porter’s five force analysis.
• In-depth analysis of market segments, and regions/countries predicted to observe promising growth.
• Historical and forecast size of the market in terms of revenue (USD Million).
• Company profiling with key products and solution offerings, key financial information, SWOT analysis, and business strategies adopted.
Market Segmentation:
The research report includes in-depth coverage of the industry analysis with size, share, and forecast for the below segments:
Market by, Fuel Type:
• Gasoline
• Diesel
Market by, Media Type:
• Cellulose
• Synthetic
Market by, Vehicle Type:
• Passenger Cars
• Commercial Vehicles
Market by, Filter Type:
• Oil Filter
• Fuel Filter
• Air Filter
• Cabin Filter
• Coolant Filter
• Transmission Filter
Market by, Geography:
The Automotive Filters Market report also analyzes the major geographic regions and countries for the market. The regions and countries covered in the study include:
• North America (The United States, Canada, Mexico), Market Estimates, Forecast & Opportunity Analysis
• Europe (Germany, France, UK, Italy, Spain, Rest of Europe), Market Estimates, Forecast & Opportunity Analysis
• Asia Pacific (China, Japan, India, South Korea, Australia, New Zealand, Rest of Asia Pacific), Market Estimates, Forecast & Opportunity Analysis
• South America (Brazil, Argentina, Chile, Rest of South America), Market Estimates, Forecast & Opportunity Analysis
• Middle East & Africa (UAE, Saudi Arabia, Qatar, Iran, South Africa, Rest of Middle East & Africa), Market Estimates, Forecast & Opportunity Analysis
Table Of Content
1 Market Overview
1.1 Introduction
1.2 Research Objectives
1.3 Market Segmentation
1.4 Stakeholders
1.5 List of Acronyms
2 Executive Summary
3 Research Methodology
3.1 Identification of Data
3.2 Evaluation of Market Dynamics
3.3 Collaboration of Data
3.4 Verification and Analysis
3.5 Data Sources
3.6 Assumptions
4 Market Dynamics
4.1 Market Drivers
4.1.1 Growing Sales of Electric and Hybrid Vehicles
4.1.2 Shifting Preferences towards Fuel-efficient Diesel Engines
4.2 Market Restraints
4.2.1 Increasing Adoption of Electric Vehicles
4.3 Market Opportunities
4.3.1 Technological Advancements in Filter Media Types
4.4 Market Challenges
4.4.1 Unavailability of Original Products
4.5 Impact of COVID-19 on Automotive Filters Market
5 Porter's Five Force Analysis
5.1 Bargaining Power of Suppliers
5.2 Bargaining Power of Buyers
5.3 Threat of New Entrants
5.4 Threat of Substitutes
5.5 Competitive Rivalry in the Market
6 Global Automotive Filters Market by, Fuel Type
6.1 Overview
6.2 Gasoline
6.3 Diesel
7 Global Automotive Filters Market by, Media Type
7.1 Overview
7.2 Cellulose
7.3 Synthetic
8 Global Automotive Filters Market by, Vehicle Type
8.1 Overview
8.2 Passenger Cars
8.3 Commercial Vehicles
8.3.1 Heavy Commercial Vehicle (HCV)
8.3.2 Light Commercial Vehicle
9 Global Automotive Filters Market by, Filter Type
9.1 Overview
9.2 Oil Filter
9.3 Fuel Filter
9.4 Air Filter
9.5 Cabin Filter
9.6 Coolant Filter
9.7 Transmission Filter
10 Global Automotive Filters Market by, Geography
10.1 Overview
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 France
10.3.3 UK
10.3.4 Italy
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 China
10.4.2 Japan
10.4.3 India
10.4.4 South Korea
10.4.5 Australia
10.4.6 New Zealand
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Brazil
10.5.2 Argentina
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 UAE
10.6.2 Saudi Arabia
10.6.3 Qatar
10.6.4 Iran
10.6.5 South Africa
10.6.6 Rest of Middle East & Africa
11 Key Developments
12 Company Profiling
12.1 ACDelco Inc
12.1.1 Business Overview
12.1.2 Product/Service Offering
12.1.3 Financial Overview
12.1.4 SWOT Analysis
12.1.5 Key Activities
12.2 ALCO filters
12.3 Cummins Inc
12.4 Denso Corporation
12.5 Donaldson Company Inc
12.6 Hollingsworth & Vose Co. Inc
12.7 Lydall Inc
12.8 Mahle GmbH
12.9 Mann+Hummel, Clarcor Inc
12.10 Robert Bosch GmbH
12.11 Toyota Boshoku Corporation
Report Details
SKU Code | : DI2098 |
Industry | : Automotive & Transportation |
Region | : Global |
Tables | : 108 |
Format | : Electronic PDF |
Published | : 2023 |
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