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Automotive Filters Market to Surpass Valuation of US$ 26.08 Bn by 2031: Transparency Market Research

Automotive |

Automotive Filters Market: Introduction

According to the report, the global automotive filters market is projected to surpass US$ 26.08 Bn by 2031, expanding at a CAGR of 1.70% during the forecast period. A filter media is the core component of a filter. It is used to capture any unwanted and foreign particles. It is majorly made of cellulose, synthetic, glass fiber, and activated carbon, depending on the applications. Advancements in filter media types or technology are projected to offer significant opportunity for automotive filter manufacturers over the next few years.

Currently, cabin filters are offered to resist dust particles entering the vehicle. Most dust filters stop 100% of all particles that are 3 microns or larger, and 95–99% of particles that are 1–3 microns in size. However, there would be a mass market for dust and odor filters in the upcoming years. The blend of dust and odor filters has a coating of activated charcoal or baking soda to absorb odor and air pollutants.

Expansion of Automotive Filters Market

The Environmental Protection Agency (EPA) in the U.S. has amended standards such as fuel economy standards for LCVs and the national program for greenhouse gas emissions for light-duty vehicles. Such regulations are projected to drive the market during the forecast period. Rise in concerns among vehicle owners about cautionary maintenance is a prominent factor driving the demand for filters. Additionally, rising average lifespan of vehicles and surging miles driven per vehicles are expected to further propel the global automotive filters market in the near future.

Maintenance of the engine, in terms of miles driven has furthered the trend of reducing vehicle downtime and long-term operating costs, which is projected to gain further traction in the next few years, which, in turn, is projected to fuel the global automotive filters market during the forecast period.

In terms of filter media, the cellulose filter media segment accounted for a notable share of the global automotive filters market. Presently, most of the vehicles’ air intake filters are made of cellulose media, which is highly cost-effective. However, the synthetic filter media segment is expected to gain market share in the future primarily due to its various advantages over cellulose media. A synthetic filter media offers increased flow area, provides high performance, and is less sensitive to water. These filters can be utilized to enable better airflow for combustion, resulting in higher fuel-efficacy and lower emission.

Based on sales channel, the aftermarket segment dominated the global automotive filters market, in terms of value, in 2020. The demand for automotive aftermarket components is high, owing to easy availability and low cost over OEM products. OEMs products are comparatively priced higher; therefore, consumers are more inclined toward alternatives with similar technical specification and performance.

Moreover, easy availability of the product through ecommerce has enhanced the component delivery sales and services. All these factors are anticipated to propel the aftermarket segment during the forecast period.

As per the World Economic Forum (WEF), the global electric car stock surpassed 10 million vehicles in 2020. The filters have minimum application in electric cars. Governments are also improving public infrastructure to facilitate EV operations in transportation.

Electric cars do not require oil changes and fuel tanks, as there is no oil and fossil fuel used to run the engines. For instance, all-electric cars such as Tesla Roadster and Nissan LEAF have no tailpipe, as no heat or gas is release when they are running. Hence, usage of filter is limited to purifying air inside the car. Limited scope of filter application in electric cars is likely to hamper the sales of automotive filters in the next few years.

Regional Analysis of Automotive Filters Market

Based on region, the global automotive filters market has been segregated into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. North America accounted for a major share of the global automotive filters market. In North America, the market is estimated to be primarily driven by an increase in stringency of emission regulations. Automotive engine technologies in North America are becoming increasingly sophisticated, and supplying clean fuel to these complex engines is critical.

Fuel filters are an integral part of conventional engine vehicles, as they filter the fuel and play a major role in engine efficiency and emissions. Stringent emission and fuel efficiency norms have been enforced by governments and governing bodies in the region; hence, automotive manufacturers are compelled to seek different methods to comply with these standards. This is driving the demand for automotive fuel filters in the region.

Major Players in Automotive Filters Market

Prominent players operating in the global automotive filters market include ALCO Filters Ltd., Airmatic Filterbau GmbH, Denso Corporation, Donaldson Company Inc., Farm Group IP LLC., Filtrak Brand GmbH, K&N Engineering, Luman Automotive Systems Pvt. Ltd. MAHLE GmbH, North American Filter Corporation, Robert Bosch GmbH, and Sogefi SpA.

Global Automotive Filters Market: Segmentation

  • Automotive Filters Market, by Filter Type
    • Fuel Filters
      • Diesel
      • Gasoline
    • Oil Filters
    • Intake Air Filters
    • Cabin Air Filters
  • Automotive Filters Market, by Filter Media
    • Cellulose
    • Synthetic
    • Others
  • Automotive Filters Market, by Vehicle Type
    • Two Wheeler
    • Three Wheeler Vehicle
    • Passenger Vehicle
      • Hatchback
      • Sedan
      • Utility Vehicles
    • Light Commercial Vehicle
    • Trucks
    • Buses & Coaches
  • Automotive Filters Market, by Sales Channel
    • OEMs
    • Aftermarket
  • Automotive Filters Market, by Region
    • North America
    • Europe
    • Asia Pacific
    • Middle East & Africa
    • Latin America

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