Automotive Filters Market to Reach USD 23.86 Bn By 2028 With Sustained CAGR Of 3.1%


Automotive Filters Market size is projected to reach USD 23.86 billion by 2028 from an estimated USD 19.27 billion in 2021, growing at a CAGR of 3.1% globally.

Automotive_Filters_Market

 

 

In automobiles, the filters feature as a method to remove dangerous particulates of dirt and metallic, which can cause the engine to malfunction and be harmful to the engine in terms of the life of the engine. Automotive filters serve a large variety of filters designed for energy and engine efficiency. Automotive filters come in a variety of types that serves in the automobile which include gas filtration, lube filtration, and coolant filtration. The automotive filter allows the flow of clean air to minimize engine damage as it requires a constant supply of fresh air for its smooth operations and improved life span. High petrol prices are anticipated to shift manufacturers' focus on reduced fuel consumption.

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Leading Key Players Covered in Automotive Filters Market:

MANN+HUMMEL, Toyota Boshoku Corporation, Robert Bosch GmbH, MAHLE GmbH, Denso Corporation, K&N Engineering, Sogefi S.p.A Hengst SE, ACDelco Inc, Valeo S.A. and other major players.

Market Driver:

Higher demand for automobiles in various countries has boosted the market for automobile spare parts all around the world. Affordable vehicles, higher buying power, and large option to select the desired vehicle boosted the production of the vehicle in the last 10 years. Such a sudden jump in the demand for automobile vehicles has boosted the automobile filters market. Due to environmental issues and stringent emission norms, the passenger automobile phase in Europe is predicted to witness a growing call for gas engines and gas filters. Increasing awareness with recognition to air cabin best is similarly predicted to power the market boom for automobile filters.

Market Opportunity:

A filter media is a primary component of a filter that comes in direct contact with engine oil or the air of the engine. It is used to capture any unwanted and foreign particles. It is largely made up of cellulose, synthetic, glass fiber, and activated carbon, considering the applications. Progressions in filter media types or technology will offer an enormous opportunity for automotive filter manufacturers in the coming years. Presently, cabin filters are fixed to resist dust particles entering the vehicle. In the coming years, there would be a major market for dust and odor filters. The blend of dust and odor filters has a covering of stimulated charcoal or baking soda to absorb odor and air pollutants.

                                        Scope of the Report

Report Metric

Details

Market size available for years

2017–2023

Base year considered

2022

Forecast period

2023–2030

Forecast units

USD 23.86 billion

Segments covered

Type, Application, and Region

Geographies covered

North America, APAC, Europe, MEA, and Latin America

Companies covered

MANN+HUMMEL, Toyota Boshoku Corporation, Robert Bosch GmbH, MAHLE GmbH, Denso Corporation, K&N Engineering, Sogefi S.p.A Hengst SE, ACDelco Inc, Valeo S.A. and other major players.

Segmentation of Automotive Filters Market:

By Type          

  •          Air Filter
  •          Oil Filter
  •          Fuel Filter
  •          Cabin Filter

By Filter Media          

  •          Particle
  •          Activated Carbon
  •          Electrostatic

By Material Type       

  •          Cellulose
  •          Synthetic

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Geographic Segment Covered in the Report

  •          North America (U.S., Canada, Mexico)
  •          Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
  •          Western Europe (Germany, U.K., France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
  •          Asia-Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
  •          Middle East & Africa (Turkey, Saudi Arabia, Bahrain, Kuwait, Qatar, UAE, Israel, South Africa)
  •          South America (Brazil, Argentina, Rest of SA)

Reasons to Purchase this Market Report:

  •          Market forecast analysis through recent trends and SWOT analysis
  •          Automotive Filters Market Dynamics Scenarios with Market Growth Opportunities over the Next Year
  •          Market segmentation analysis, including qualitative and quantitative studies that include economic and non-economic impacts
  •          Automotive Filters Market Regional and country-level analysis that integrates demand and supply forces that impact the growth of the market.
  •          Competitive environment related to the Automotive Filters Market share for key players, along with new projects and strategies that players have adopted over the past five years

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About Introspective Market Research

Introspective Market Research (introspectivemarketresearch.com) is a visionary research consulting firm dedicated to assisting our clients to grow and have a successful impact on the market.

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Published in

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Published on

Dec 27, 2023

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