The global automotive filters aftermarket is projected to grow from USD 11.1 billion in 2022 to USD 13.1 billion by 2027, at a CAGR of 3.3% during the forecast period. Increase in stringent emission &f fuel economy norms, rise in electric & hybrid vehicle sales, and growing vehicle parc and increase in average miles driven annually are expected to be key factors to drive the automotive filters market.
The major players in automotive filters market has adopted the new product development as key strategy from 2018-2022. The automotive filters manufacturers are focusing on production expansion and investments in R&D to offer technologically advanced filtration material such as activated carbon & electrostatic filter material for cabin filters. Facilities expansion and increase in production will help the companies to reduce the cost of the material and hence it will create the lucrative demand in the market. For instance, in June 2022, Donaldson Company, Inc. has launched the launched a new manufacturing facility in Pune, India. The new manufacturing facility is 50,000 sq feet. The fume and mist collectors, industrial dust, and filters will be produced at the plant for the South Asian Market.
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The automotive filters market is dominated by MANN+HUMMEL (Germany), MAHLE GmbH (Germany), Donaldson Company, Inc. (US), Robert Bosch GmbH (Germany), and AHLSTROM-MUNKSJÖ (Finland). 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. For instance, In October 2022, Donaldson Company, Inc. extended its iCue Connected Filtration Service to allow remote monitoring of customers' iCue service accounts by Donaldson Product Specialists to allow faster dust collector response and service.
Mann+Hummel is an automotive component supplier that offers various filtration products such as air, fuel, oil, and cabin filters for motorcycles, cars, and trucks, regardless of their type of drive system. The company sells its filtration solutions and products under the life sciences & environmental business segment. The company strongly focuses on merger & acquisition strategy. For instance, during last three years, the company has completed five acquisition and six investments in the field of air pollution and filtration technology. The company has operational presence in 80 locations in six continents. The company is continuously focusing on R&D and new product development. For instance, in 2021, the company has invested around 2.7% on R&D activities.
Donaldson Company, inc. is engaged in design and manufacturing of technologically advanced filtration product and solutions. The company operates under two segments namely engine product segments and industrial segment. The engine product business segment provides replacement filters for both liquid and air filtration applications, air filtration systems, liquid filtration systems for fuel, lubricant, and hydraulic applications, exhaust and emissions systems, and sensors, indicators, and monitoring systems. The company sells its engine products to construction, mining, agriculture, aerospace, defense, and transportation end markets. Donaldson Company, Inc. has technical centers, distribution centers, and manufacturing facilities across the Asia Pacific, Europe, and North America.
Robert Bosch GmbH is a global tier-one automotive and mobility supplier engaged in the designing, manufacturing, and distribution of filtration and mobility solutions for ICE and electric vehicles. The company operates through four major business segments: mobility solutions, industrial technology, consumer goods, and energy and building technology. The company sells filter products under the mobility solution business segment. The mobility solutions business segment offers automotive filters, such as oil, air, cabin, and fuel filters. The company has a strong focus on R&D activities. For instance, in 2021, the company spent around USD 7.0 billion on research and development. Robert Bosch GmbH operates in all major regions, including the Americas, Asia Pacific, and Europe.
MAHLE GmbH (Germany) is another prominent supplier in the automotive filters market. The company has strong focus on R&D investments. The company manufactures filters and oil coolers for engine and transmission applications in combustion engines and alternative drives. The company has strong focus on acquisition strategy. For instance, In February 2021, The company has acquired Keihin Corporation. With this acquisition, the company will strengthen its presence and customer base in Asia and North America for air conditioning systems and components. Further, the company has strong focus on new product development. In August 2020, the company has launched a fuel cell air filter for fuel cell vehicle. The new Mahle air filters for cells with outputs of 25–50 kW or 80–120 kW shield fuel cells from harmful gases and particles, ensuring their proper operation for the duration of a vehicle's service life and reducing the need for catalysts.
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
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