The automotive filter market has demonstrated robust growth, increasing from $24.05 billion in 2023 to $25.43 billion in 2024, representing a compound annual growth rate (CAGR) of 5.7%. This growth in the historic period is attributed to factors such as engine efficiency and performance, vehicle sales and production, consumer awareness of health concerns, industrial and environmental considerations, and maintenance and replacement needs. Moving forward, the market is poised for strong growth, reaching $32.21 billion in 2028, with a CAGR of 6.1%. The projected growth in the forecast period is linked to environmental sustainability goals, the adoption of advanced filtration systems, global expansion of the automotive industry, increasing concern for cabin air quality, and growth in aftermarket demand. Major trends in the forecast period encompass innovations in heavy-duty filters, circular economy practices, a focus on fuel efficiency and engine performance, remote and contactless maintenance, and retrofitting and upgradation.
Major Driver In The Automotive Filter Market
The growth of the automotive filter market is fueled by increasing environmental concerns and stringent emission norms. Automotive filters play a crucial role in enhancing fuel efficiency and reducing emissions and greenhouse gases. Our World in Data reported that by 2020, 60% of road transport emissions would originate from passenger travel, emphasizing the significance of emissions reduction measures. Governments worldwide have implemented stringent emission regulations, such as the United States Environmental Protection Agency's new national greenhouse gas (GHG) emissions requirements for passenger vehicles and light trucks released in December 2021. These regulations aim to significantly reduce GHG emissions and criterion pollutants, driving the adoption of automotive filters. The market size for 2023 showcases growth, with expectations of continued expansion by 2024 and a notable projection by 2028.
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Automotive Filter Market Competitive Landscape
Robert Bosch GmbH, Denso Corp., Kirloskar Cummins Ltd., Valeo SA, Parker Hannifin Corp., Mahle GmbH, Toyota Boshoku Corp., Dana Incorporated, Hanon Systems Co. Ltd., MANN+HUMMEL Gruppe, Lennox International Inc., Donaldson Company Inc., Ahlstrom Corporation, Modine Manufacturing Company Inc., Sogefi SpA, Gentherm Inc., Hengst SE, Champion Laboratories Inc., K&N Engineering Inc., Grayson Thermal Systems Corp., Thomas Industrial Network, Grand Prix Engineering Pvt. Ltd., Fleetguard Filters Private Limited, Industrial Filters and Fabrics Pvt. Ltd., Innovation Filter System Pvt. Ltd., Kleenoil Filtration Ltd., SE Coopermatics Filtration Systems India Pvt. Ltd., Gopani Product Systems Pvt. Ltd., SP Singh Co. Ltd., Usha Filters Pvt. Ltd.
Key Automotive Filter Market Trend
The use of cabin filters for making automotive filters has emerged as a key trend gaining popularity in the automotive filter market. The cabin air filter keeps dust, dirt, pollen, bacteria, and exhaust gases from entering the HVAC system of cars. These filters also block bugs, leaves, and other debris from clogging the system. For instance, in October 2021, Honda Cars India Ltd., an India-based premium car manufacturer, launched an innovative anti-virus cabin air filter for all its upcoming cars. The new air filter captures a wide range of harmful germs and allergens.
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Automotive Filter Market Segmentation
The automotive filter market covered in this report is segmented –
1) By Filter Type: Fuel Filter, Oil Filter, Air Filter, Cabin Filter, Coolant Filter, Transmission Oil Filter, Other Filter Types
2) By Media Type: Cellulose, Fiberglass, Other Media Types
3) By Vehicle Type: Commercial Vehicles, Passenger Vehicles, Other Vehicle Types
4) By Material Type: Particle, Activated Carbon, Electrostatic
5) By Distribution Channel: OEM, Aftermarket
By Geography:The regions covered in the automotive filter market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
North America was the largest region in the automotive filter market in 2023.
The Automotive Filter Global Market Report 2024 furnishes information about the global automotive filter market, encompassing details like market size, projections for growth, segmentation across various sectors and regions, and an overview of competitors, including their revenues, profiles, and market shares. Furthermore, the report pinpoints potential opportunities and strategic directions derived from market trends and the strategies adopted by key competitors. The report also offers an assessment of how the COVID-19 pandemic, the Russia-Ukraine conflict, and increasing inflation have affected both global and regional markets, furnishing valuable strategic insights for businesses.
