The automotive filters industry reached US$ 16.7 Bn on the back of soaring adoption of two-wheelers and passenger cars worldwide. A new forecast by Fact.MR- a market research and competitive intelligence provider- estimates that automotive filters revenues will likely reach over US$ 17 Bn in 2021, eventually expanding at a CAGR of 4.5% across the 2021-2031 forecast period.
Key Points Covered in Automotive Filters Industry Survey
- Market Estimates and Forecasts 2016-2031
- Key drivers and restraints shaping market growth
- Segment-wise, Country-wise, and Region-wise Analysis
- Competition Mapping and Benchmarking
- Market Share Analysis
- Key Product Innovations and Regulatory Climate
- COVID-19 Impact on Automotive Filter Market and How to Navigate
- Recommendation on a Key Winning Strategy
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Sales Analysis of Automotive Filters from 2016-2020 Vs Outlook 2021-2031
According to Fact.MR, the global market for automotive filters expanded at a steady pace, clocking a CAGR of over 3% from 2016 to 2020. Toughening standards on vehicular emissions has prompted this increase in sales across the historical period.
A general contraction in the global automotive industry since 2019 coupled with the outbreak of COVID-19 restricted growth prospects to a significant extent. The International Association of Motor Vehicle Manufacturers reported a decline of more than 5% in global automotive production in 2019. Imposition of lockdowns in H1 2020 further stalled prospects. However, since H2 2020, prospects showed a gradual resurgence as lockdowns began to be lifted.
However, the automotive market is poised to pick up acceleration after the economic downturn, supported by the latest advancements and hefty investments in the filters industry. It is projected to surpass the market worth of US$ 27 Bn by 2031.
How are Stringent Automotive Standards Prompting Automotive Filters Usage?
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 analysed to drive the market in the forecast period 2021-2031.
Mounting concerns of vehicle owners about cautionary maintenance is one of the prominent demand drivers. Additionally rising average lifespan of vehicles, and surging miles driven per vehicle are expected to drive the growth of the global automotive filter market in the upcoming future.
Maintenance of the engine with regards to miles driven has furthered the drift of reducing vehicle downtime and long-term operating costs, which is projected to gain further traction in the years ahead, thereby rolling the growth of the global automotive filters market over the forecast period.
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How are Government Initiatives to Promote Automotive Sector Spurring Sales?
Encouraging government schemes to lift the automotive sector will thereby advance the growth of the filter industry. For instance, the U.S government’s incentive programme launched in November 2020 to boost the automotive sector by approving US$ 20 Bn to attract more foreign companies to set up manufacturing plants in the country.
Moreover, soaring investments in infrastructure plans like highway projects and transportation systems are likely to recoup the automotive market. Henceforth manufacturers are anticipating positive growth in the foreseeable future.
How are Key Initiatives by Automotive Companies Impelling Automotive Filter Demand?
Toyota Boshoku developed PM 2.5 air filters of the world’s highest-level efficiency as Toyota’s first with a new concept of Minus Emissions: The more you drive the cleaner the air is. These fuel cell vehicle products are now being used in the new MIRAI models released by Toyota Motor Corporation.
Likewise, Tata Motors has launched a range of car air filters, the newly launched accessories include Air-o-Pure 95 Air Purifier, Air-o-Pure 95 Air Filter to reduce air pollution and enhance the overall efficiency of the car. In 2019, Freudenberg Filtration Technologies launched activated carbon selection for automotive cabin air filters known as the micronAir gas shield line.
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Why is the U.S an Opportunistic Automotive Filter Landscape?
The U.S. is the fastest-growing automotive filter market in North America, accounting for over 30% of the market share in 2020, owing to the mounting adoption of automotive vehicles and augmented investments for vehicle production by major OEMs.
Additionally, it is home to leading aftermarket suppliers, such as Donaldson, ACDelco, and K&N Engineering for automotive filters in the world. Moreover, the lack of adequate public transport and the wide geographical area of the country have compelled people to travel in their vehicles.
Increased focus on refining fuel efficiency in this country is compelling the manufacturers to make lighter automotive filters. Hence these increased investments for the production of vehicles and advancements in filters are expected to drive the market in the forecast period.
How is Demand for Automotive Filters Shaping in China?
China is anticipated to hold a governing share in the global market for automotive filters, amounting to 60%. Growth is attributed to a shifting of production facilities from Europe and North America. New market initiatives and strategic partnerships are expected to continue during the forecast period.
Due to the lower operational expenditure as compared to that in established regions. It is expected to witness significant growth, owing to high government spending on the infrastructure sector and increasing opportunities for FDI.
Why are Passenger Car Automotive Filters in High Demand?
The adoption of passenger cars across the globe is observing robust growth, which in turn has stimulated the demand for automotive filters. Increasing consumer spending in emerging countries like China and India are fostering the market demand for passenger cars.
The high replacement rate of filters due to the necessity for the upkeep of passenger cars will further boost the growth of the market. Sales of automotive filters in passenger cars are expected to surpass a CAGR of 5% through 2031.
How are Cabin Air Filters Acquiring Popularity?
Based on product type, cabin filters are estimated to expand at a CAGR of 4.8% over the forecast period, capturing 2/5th of total revenue. Demand for cabin air filters is primarily driven by the billowy requirements for high-efficiency cars, and increasing pollution levels across the globe, particularly in urban areas.
Moreover, high-quality intake and cabin filters are gaining significant traction in the luxury cars segment as these air filters ensure cleaner air by trapping dust, pollen, and smog among other harmful particles. In addition, increased health awareness of people is expected to further drive the demand for cabin filters in the foreseeable future.
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Prominent players are embracing innovative approaches such as ground-breaking marketing tactics, technological advancements, mergers, and acquisitions.
- In April 2021, MANN+HUMMEL began incorporating nanofiber technology in-cabin air filters for automotive applications reducing the number of pollutants that vehicle occupants breathe and thus improving the air quality in the vehicle cabin.
- Likewise, Cummins Filtration refined its Fleet guard LF14000NN combination lube filter for its newer engine platforms including Cummins X15 engines. Depending on the quality of oil used, the LF14000NN is capable of longer service intervals which can help fleets lower their operating costs on replacement filters throughout an engine’s life.
Market size value in 2020
|US$ 17.36 Bn|
Market forecast value in 2031
|US$ 27 Bn|
|CAGR of 4.5% from 2021 to 2031|
Historical Data Available for
|US$ Mn for Value & ‘000 Units for Volume|
Key Regions Covered
Key Countries Covered
Key Companies Profiled
Key Segments Covered
- Automotive Fuel Filter
- Automotive Oil Filter
- Automotive Intake Air Filter
- Automotive Cabin Air Filter
- Synthetic Automotive Air Filter
- Cellulose Automotive Air Filter
- Automotive Filters for Passenger Cars
- Automotive Filters for LCV
- Automotive Filters for HCV
- Automotive Filters for Off-Road Vehicles
- Automotive Filters for Lawn Mowers
- Automotive Sales through OEMs
- Automotive Sales through OESs
- Automotive Sales through IAMs
Automotive Filters Market- Scope of Report
A recent study by Fact.MR on the automotive filters market offers a 10-year forecast for 2021 to 2031. The study analyzes crucial trends that are currently determining the growth of the market. This report explicates vital dynamics, such as the drivers, restraints, and opportunities for key market players along with key stakeholders as well as emerging associated with the manufacturing of automotive filters.
The study also provides the dynamics responsible for influencing the future status of the automotive filters market over the forecast period. A detailed assessment of value chain analysis, business execution, and supply chain analysis across regional markets has been covered in the report. A list of prominent companies operating in the automotive filters market, along with their product portfolios, enhances the reliability of this comprehensive research study.
The study offers a comprehensive analysis of diverse features, including production capacities, demand, product developments, revenue generation, and sales of automotive filters across the globe.
A comprehensive estimate of the market has been provided through an optimistic as well as a conservative scenario, taking into account the sales of automotive filters during the forecast period. Price point comparison by region with the global average price is also considered in the study.
Key Questions Answered in Report
- Which is the most lucrative automotive filter market?
- Which factors will impact the growth of automotive filters?
- How will changing trends impact the strategies of market players?
- How can market players capture the low-hanging opportunities across regions?
- Which companies are leading the automotive filter industry?
- What are the winning strategies of stakeholders in the market?
Analysis on Market Size Evaluation
The market has been analyzed for each segment in terms of volume (‘000 Units) and value (US$ Mn).
Estimates at global and regional levels for the automotive filter market are available in terms of “US$ Mn” for value and in “‘000 Units” for volume. A Y-o-Y growth contrast on prominent market segments, along with market attractiveness evaluation, has been incorporated in the report. Furthermore, absolute dollar opportunity analysis of all the segments adds prominence to the report.
Absolute dollar opportunity plays a crucial role in assessing the level of opportunity that a manufacturer/distributor can look to achieve, along with identifying potential resources, considering the sales and distribution perspective in the global automotive filter market.
Inspected Assessment on Regional Segments
Key sections have been elaborated in the report, which has helped deliver projections on regional markets. These chapters include regional macros (political, economic, and business environment outlook), which are expected to have a momentous influence on the growth of the automotive filter market during the forecast period.
Country-specific valuation on demand for automotive filters has been offered for each region, along with market scope estimates and forecasts, price index, and impact analysis of the dynamics of prominence in regions and countries. For all regional markets, Y-o-Y growth estimates have also been incorporated in the report.
Detailed breakup in terms of value & volume for emerging countries has also been included in the report.
In-depth Analysis on Competition Analysis
The report sheds light on leading manufacturers of automotive filters, along with their detailed profiles. Essential and up-to-date data related to market performers who are principally engaged in offering automotive filters have been brought with the help of a detailed dashboard view. Market share analysis and comparison of prominent players provided in the report permit report readers to take preemptive steps in advancing their businesses.
Company profiles have been included in the report, which includes essentials such as product portfolios and key strategies, along with an all-inclusive SWOT analysis on each player. Company presence is mapped and presented through a matrix for all the prominent players, thus providing readers with actionable insights, which helps in thoughtfully presenting the market status, and predicting the competition level in the Automotive Filters domain.
In Fact.MR’s study, a unique research methodology is utilized to conduct extensive research on the growth of the automotive filter industry, and reach conclusions on the future growth parameters. This research methodology is a combination of primary and secondary research, which helps analysts ensure the accuracy and reliability of the draw conclusions.
Secondary resources referred to by analysts during the preparation of the market study include statistics from governmental organizations, trade journals, white papers, and internal and external proprietary databases. Analysts have interviewed senior managers, product portfolio managers, CEOs, VPs, marketing/product managers, and market intelligence managers, all of whom have contributed to the development of the research report as a primary resource.
- FAQs -
As of 2020, sales of Automotive Filters Market estimated to reach nearly US$ 17 Bn
From 2016 to 2020, sales of the Automotive Filters Market expanded at over 3% CAGR
From 2021 to 2031, automotive filter sales will surge at 4.5% CAGR
By 2031, the market for automotive filters is expected to reach US$ 27 Bn
Encouraging government schemes to lift the automotive sector will thereby advance the growth of the filter industry.
Mounting demand for luxury and comfort owing to intensifying environmental temperature as well as the need to reduce the carbon footprint is expected to propel the market growth of fresh meat packaging.
China is anticipated to yield 60% of the global automotive filters revenue until 2031
According to Fact.MR, automotive filter sales in the U.S amounted to 30% of the total market in 2020
Mann + Hummel GmbH, Cummins Inc., Parker Hannifin Corporation, K&N Engineering Inc., Toyota Boshoku Corporation, Donaldson Company Inc., Hollingsworth and Vose Company, ALCO Filters Ltd., MAHLE GmbH, Denso Corporation Roki Co. Ltd. are some p
Cabin air filters are highly sought after, expected to surge at a CAGR of 4.8% until 2031
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Is the market research conducted by Fact.MR?
Yes, the report has been compiled by expert analysts of Fact.MR, through a combination of primary and secondary research. To know more about how the research was conducted, you can speak to a research analyst.
What research methodology is followed by Fact.MR?
Fact.MR follows a methodology that encompasses the demand-side assessment of the market, and triangulates the same through a supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions.
What are the sources of secondary research?
Fact.MR conducts extensive secondary research through proprietary databases, paid databases, and information available in the public domain. We refer to industry associations, company press releases, annual reports, investor presentations, and research papers. More information about desk research is available upon request.
Who are the respondents for primary research?
Fact.MR speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, and industry experts. For a full list of primary respondents, please reach out to us.
Is a sample of this report available for evaluation?
Yes, you can request a sample, and it will be sent to you through an email.