Automotive Filters Market

Market Leaders - Automotive Filters Market

The global automotive filters market is projected to grow from USD 19.5 billion in 2021 to USD 23.1 billion by 2026, at a CAGR of 3.4% during the forecast period. Growing vehicle parc and increase in average miles driven annually are expected to be significant factors to drive the market growth of automotive filters market.

New product development is the key strategy adopted by the major players in the automotive filters market from 2017 to 2020. Automotive filters manufacturers are focusing on expanding their manufacturing facilities and investing in R&D to provide technologically advanced materials for filtration such as activated carbon and electrostatic. Expansion of facilities and increase in production will help reduce the cost of the material and hence create demand in the market. For instance, in 2018, MANN+HUMMEL announced the inauguration of its second plant in Queretaro and third overall in Mexico. The company invested USD 15 million and recruited 150 workers to start operations at the new facility. The company plans to manufacture 15 million filters annually at the new facility.

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The automotive filters market is dominated by MANN+HUMMEL (Germany), MAHLE (Germany), Donaldson (US), Sogefi (Italy), and Robert Bosch (Germany). These companies are established players and globally renowned suppliers of automotive filters. They have adopted the strategy of new product development to gain a competitive edge in the automotive filters market. In March 2020, Donaldson introduced its Filter Minder wireless monitoring system for air filters on heavy-duty engines. Filtration efficiency is lost when filters are changed too soon. It can also result in unplanned downtime and additional cost when filters are changed too late. The company introduced Filter Minder to address this issue. Filter Minder wireless sensors and receivers send filter performance data to the cloud, and predictive analytics are used to inform users when filters are approaching the end of their optimal life.

MAHLE (Germany) is another leading player in the automotive filters market. The company invests heavily in R&D activities. It plans to expand its automotive filters portfolio to cater to various customers around the world while establishing itself as a strong player in the market. It has adopted the strategy of partnerships/collaborations/joint ventures/agreements/supply contracts to increase its presence in the automotive filters market. In May 2019, MAHLE developed a new oil management module. The unit comprises filter, electric oil pump, and thermostat. This oil management module enables vehicle manufacturers to deal with the increasing requirements associated with the development of high-performance electric drives.

Related Reports:

Automotive Filters Market by Filter Type (Air, Fuel, Oil, Cabin, Coolant, Brake Dust, Oil Separator, Transmission, Steering, Dryer Cartridge, EMI/EMC, Coolant Particle), Air & Cabin Filter Media, Fuel & Vehicle Type, Aftermarket - Global Forecast to 2026

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Automotive Filters Market Size,  Share & Growth Report
Report Code
AT 2146
RI Published ON
9/29/2021
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