automotive filters Market

The automotive filters market was valued at US$ 3570.0 Mn in 2018 and is expected to grow at a CAGR of 5.0% from 2019 to 2027 to reach US$ 5383.8 Mn by 2027.

The Automotive Filters is majorly used to remove the air pollutants, dust particles in order to improve the vehicle performance by reducing fuel consumption and resulting in high power output. These filters support in increasing the air flow and lessen the engine damage, which in turn increases the life span of the vehicle. Also, high gasoline prices are anticipated to shift manufacturer’s emphasis on reduced fuel consumption. All the modern vehicles such as passenger cars, light commercial vehicles, and heavy commercial vehicles are equipped with different filters for the up gradation of power and vehicle efficiency. The automotive filters market comprises of many regional, international, and local players. The regional and local vendors in the market offer cost-effective filters with advanced functionalities and features. Some of the key vendors are also expanding their customer base and are increasingly investing huge amount in R&D activities. Thus, the competitive environment in the market is expected to increase owing to the government regulations and advancements in technology.
 
The global automotive filters market is anticipated to witness impressive growth during the forecast period. The increasing sales of premium and luxury car owing to rising disposable income is the major driving factor for the global automotive filters market. In addition to these factors, the rising number of stringent regulations and compliance requirements are also expected to drive the demand. However, the accentuating battery electric vehicle (BEV) manufacturing may restrain the market growth. Despite of this limitation, the increase in production of heavy commercial vehicles in North America and Asian regions is expected to offer ample growth opportunities for the players operating in the automotive filters market during the forecast period of 2019 to 2027.

The market for automotive filters has been segmented on the basis of type, vehicle type, and geography. Based on type, the market is segmented into fuel filter, engine oil filter, engine air filter, cabin air filter, coolant filter, and steering oil filter. Engine air filter segment represented the largest share of the overall market throughout the forecast period. Based on vehicle type, the automotive filters market is segmented into passenger cars, light commercial vehicle, and heavy commercial vehicle. In 2018, passenger cars vehicle type held a substantial share in the global automotive filters market followed by light commercial vehicle type. Geographically, the market is segmented into five major regions— North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and South America (SAM).

Some of the key players operating in the global automotive filters market which are profiled in this market study include A.L. Filter, ACDelco Inc., Denso Corporation, Donaldson Company, Inc., Freudenberg Filtration Technologies SE & Co. KG, K&N Engineering, Inc., MANN+HUMMEL GMBH, North American Filter Corporation, Robert Bosch GmbH, and Sogefi SPA among others..    

The overall global automotive filters market size has been derived using both primary and secondary source. The research process begins with exhaustive secondary research using internal and external sources to obtain qualitative and quantitative information related to the global automotive filters market. It also provides an overview and forecast for the automotive filters market based on all the segmentation provided for the global region. Also, primary interviews were conducted with industry participants and commentators to validate data and analysis. The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers, and national sales managers, and external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the automotive filters industry.