Automotive Filters Market

Automotive Filters Market worth $13.1 billion by 2027

According to a research report "Automotive Filters Market by Filters Type (Air, Fuel, Oil, Cabin, Coolant, Brake Dust, Oil Separator, Transmission, Steering, Dryer Cartridge, EMI/EMC, Coolant, DPF, GPF, Urea), Vehicle Type, Aftermarket & Region - Global Forecast to 2027" published by MarketsandMarkets, the automotive filters market is projected to grow from USD 11.1 billion in 2022 to USD 13.1 billion by 2027, at a CAGR of 3.3% for the same period.

Browse 411 market data Tables and 59 Figures spread through 386 Pages and in-depth TOC on "Automotive Filters Market by Filters Type (Air, Fuel, Oil, Cabin, Coolant, Brake Dust, Oil Separator, Transmission, Steering, Dryer Cartridge, EMI/EMC, Coolant, DPF, GPF, Urea), Vehicle Type, Aftermarket & Region - Global Forecast to 2027"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/automotive-air-filters-market-1270.html

Increasing global vehicle production is the key factor driving the demand for automotive filters. Additionally, rising stringency in emission, fuel economy, and safety regulations will fuel the demand for automotive filters such as brake dust, DPF, GPF, & Urea. In addition, the increase in sales of electric vehicles would drive the demand for EMI/EMC filters.

Diesel Particulate Filters are expected to dominate the automotive filters market during the forecast period

With increased stringency in emission regulations, the emission limits for PM is further decreased to 0.005 g/km in Euro VI, whereas the PM limits are set to 4.5mg/km in BS6 engines. Similarly, China 6a demands the PM to be limited to 0.0045 g/km. Such a decrease in PM limits has fueled the installation of DPFs. The DPF filters have major penetration rate in commercial vehicles, more than 50% commercial vehicles around the world are equipped with DPF filters because of stringent emission norms from various governments for diesel engines. High cost of DPF filters lead them as largest market in automotive filters market. The high cost of DPF filter is mainly due to high-quality filtration media, diesel oxidation catalyst, and the outlet tailpipe.

However, major global OEMs such as Volkswagen (Germany), General Motors (US), Ford Motor Company (US), and Mercedes-Benz (Germany) have committed to stopping the complete production of diesel cars in the future. Many European countries have also declared a ban on ICE vehicles during the varied period. This would negatively impact the DPF market for the passenger vehicle segment; however, heavy commercial vehicles are primarily run-on diesel engines. Hence, the DPF demand wouldn’t be impacted much in heavy commercial vehicles.

North America is projected to be the largest aftermarket for automotive filters during the forecast period.

North America holds the largest automotive filters aftermarket by region, with oil filters leading the aftermarket demand across all vehicle types. The regional market growth is mainly driven by large vehicle parc and an increase in average miles driven per year in the US and Mexico. For instance, air, oil, cabin, and fuel filters require frequent & regular replacements; hence, these are the most replaced filters. Additionally, rising average miles driven and growing urban traffic have shifted the inclination towards automatic transmission such as DCT and CVT, which is expected to be reflected in vehicle parc in coming years. This will drive the demand for transmission oil filters in the aftermarket, mainly for regional passenger vehicles. Thus, rise in vehicle parc and increasing adoption of automatic, continuous variable, and dual clutch transmission systems would drive the aftermarket demand for common filters such as oil, air, fuel, and transmission filters.

Agricultural tractors would dominate the off-highway vehicles filters market (ICE) over the forecast period

Agricultural tractors hold the largest share in the off-highway filters market owing to the increasing adoption of farm tractors in the Asia Pacific region. This growth could be attributed to government financial support to buy farm equipment, increasing crop production, and rising awareness about the advantages of tractors over manual labor. Common filters such as oil filters, fuel filters, and air filters are installed in all categories of farm tractors, irrespective of their power output. On the other hand, cabin filters are experiencing a significant demand in European countries as the tractors with higher power output, owing to larger farm sizes, can be used for multiple applications. However, in Europe and North America, OEMs such as John Deere (US), Farmtrac Tractors (Poland), New Holland (Italy), etc., are offering enclosed AC cabins in small to mid-range tractors, which is expected to benefit the market in the coming time

Asia Pacific to lead the automotive filters market during the forecast period

Asia Pacific holds the largest share of the automotive filters market owing to rising vehicle production and increasing sales of electric vehicles. In 2021, Asia Pacific accounted for 58% of global vehicle production. The common filters such as air filters, oil filters, and fuel filters need to be replaced at regular interval, thus it will create the lucrative demand for both OE and aftermarket filters market. Further, 100% passenger cars are equipped with air conditioning system, so demand for cabin filters for OE as well as aftermarket would also leading in this region. Further, the sales of electric vehicle in this region is growing rapidly. China is the global leader in electric vehicle sales contributing to 60% of global EV sales. Thus, increase in sales of electric vehicle in this region would create the electric vehicle related filters such as EMI/EMC filters, Cooling particle filters, and dryer cartridges for batteries.

Further, the region holds the presence of leading automobile and automotive component manufacturers and hosts manufacturing plants of major OEMs such as Honda Motor Co., Ltd (Japan), Tata Motors Ltd (India), Toyota Motor Corporation (Japan), BYD Motors (China), Mitsubishi Motor Corporation (Japan), Suzuki Motor Corporation (Japan), and Subaru Corporation (Japan). Additionally, the rising rate of car ownership in China, India, Japan, and South Korea is expected to drive the demand for automotive filters in the region. Further, the regional government authorities have increased focus on lower emissions and additional comfort features such as automatic transmission systems, advanced braking systems, and in-cabin air conditioning and ventilation system, which resulted in the rising adoption of automotive filters in the region.

The automotive filters market is dominated by giants such as Mann+Hummel (Germany), Donaldson Company, Inc. (US), Mahle GmbH (Germany), Robert Bosch GmbH (Germany), AHLSTROM-MUNKSJÖ (Finland), Denso Corporation (Japan), Toyota Boshoku Corporation (Japan), Sogefi S.p.A (Italy),  Cummins Inc. (Indiana), K & N Engineering, Inc. (US), and Parker Hannifin Inc. (US). These companies adopted several strategies to gain traction in the automotive filter market. New product development, partnerships, and expansion strategies from 2018 to 2022 helped them to innovate its offerings and broaden its customer base.

Don’t miss out on business opportunities in Automotive Filters Market. Speak to our analyst and gain crucial industry insights that will help your business grow.

About MarketsandMarkets™

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ’GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]

Automotive Filters Market Size,  Share & Growth Report
Report Code
AT 2146
PR Published ON
2/7/2023
Choose License Type
BUY NOW
ADJACENT MARKETS
REQUEST BUNDLE REPORTS
  • SHARE
X
Request Customization
Speak to Analyst
Speak to Analyst
OR FACE-TO-FACE MEETING
PERSONALIZE THIS RESEARCH
  • Triangulate with your Own Data
  • Get Data as per your Format and Definition
  • Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
  • Any level of Personalization
REQUEST A FREE CUSTOMIZATION
LET US HELP YOU!
  • What are the Known and Unknown Adjacencies Impacting the Automotive Filters Market
  • What will your New Revenue Sources be?
  • Who will be your Top Customer; what will make them switch?
  • Defend your Market Share or Win Competitors
  • Get a Scorecard for Target Partners
CUSTOMIZED WORKSHOP REQUEST
+1-888-600-6441
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
CONNECT WITH US
ABOUT TRUST ONLINE
©2023 MarketsandMarkets Research Private Ltd. All rights reserved
DMCA.com Protection Status
...

Digital Virtual Assistant - MarketsandMarkets

Home