Automotive Filters Market Size, Share and Segmentation by Filter Type (Air Filter, Fuel Filter, Cabin Filter, Coolant Filter, Others), by Media Type (Cellulose, Synthetic), by Vehicle Type (Passenger cars, LCV, HCV), by Regions and Global Market Forecast 2023-2030
Report Id: SNS/AUTO/2301 | July 2022 | Region: Global | 125 Pages
Report Scope & Overview:
Automotive Filters Market Size was valued at USD 20.38 billion in 2022 and is expected to reach USD 27.05 billion by 2030 and grow at a CAGR of 3.6% over the forecast period 2023-2030.
The engine of a car will have a longer life span if it is equipped with an automotive filter since it will allow for a more efficient operation of the engine. The primary objective of the filters is to get rid of solid dirt particles such as dust, pollen, and other undesired air particles that have an effect on the overall performance of the vehicle in addition to lowering its fuel efficiency and carbon emission levels. Filters are used in vehicles to prevent dangerous impurities such as dirt, dust, and grit from entering the engine. Filters are used in automotive. Filters are a significant contributor to the overall improvement in the vehicle's fuel economy. In order to improve the overall efficiency of modern automobiles, each one is outfitted with a unique set of filters. Filters are utilized in motor vehicles for the purpose of improving the quality of the air, gasoline, emission exhaust, and oil. In addition to this, the cabin air is cleaned with an increased number of filters.
In 2020, Donaldson Company, Inc. announced that it had reached a mutual agreement with Nelson Global Products, Inc. to terminate Nelson's previously announced purchase offer for Donaldson's Exhaust and Emissions (E&E) business. If Donaldson had gone through with the transaction, it would have included their specialized E&E sales and engineering functions, as well as their production facilities and lab capabilities.
MARKET DYNAMICS:
KEY DRIVERS:
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The expansion of the market will be driven by a rise in the production of vehicles.
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A rise in the number of automobile filters sold and purchased.
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Because of recent developments in filter media types brought forth by technology.
RESTRAINTS:
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Filters that cannot be replaced would be detrimental to the expansion of the market.
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The market's growth will be slowed by the increasing use of electric vehicles.
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The market's expansion will be slowed if original products cannot be found.
OPPORTUNITIES:
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A rise in the general population drives up the demand for private automobiles.
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In the coming years, advances in filter media or technology will benefit vehicle filter makers.
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New entrants will have an advantage in the automobile filter market due to raising public awareness and demand.
CHALLENGES:
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The expansion of the market may be hindered by a lack of organization in the Aftermarket.
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Manufacturers have a significant hurdle in the form of product counterfeiting.
IMPACT OF COVID-19:
The global market for automobile filters has suffered as a result of the rapid spread of coronavirus around the globe as well as the imposed lockdown in several nations. Because of this, the supply chain has been disrupted, which has led to a halt in vehicle production around the world. However, producers who work in the automotive and transportation industries are beginning to recover from the losses that were incurred as a result of damaged ecosystems and a drop in sales of automobile vehicles. Manufacturers competing in the global market for automobile filters are concentrating their efforts on expanding their production capabilities in order to reap the financial rewards of doing so.
KEY MARKET PLAYERS:
Robert Bosch GmbH (Germany), Mahle GmbH (Germany), Mann+Hummel, Clarcor Inc. (Germany), ALCO filters (Germany), Lydall Inc. (Japan), Toyota Boshoku Corporation (Japan), ACDelco Inc. (U.S.), Cummins Inc. (U.S.), Denso Corporation (Japan), Hollingsworth & Vose Co. Inc. (U.S.), Donaldson Company Inc (U.S.) are some of the affluent competitors with significant market share in the Automotive Filters Market.
MARKET ESTIMATION:
Market, By Filter Type:
The global market has been divided into Air Filter, Fuel Filter, Cabin Filter, Coolant Filter, and Others based on the filter type segment. The global market for air and fuel filters was dominated by this segment. An air filter purifies the air before it enters the engine for use in combustion. Prior to entering the engine, the fuel is cleaned by the fuel filter. Among the materials utilized in-car air filters are foam, paper, and cotton.
Market, By Media Type:
The global market has been divided into cellulose and synthetic Based on media type segment. Disposable oil filters are commonly made of cellulose filter material. Cleans up to 40% of the motor oil with a particle retention capacity of 8-10 microns. Changing these oil filters every 3,000 miles is recommended. Higher-quality oil filters employ synthetic media.
Market, By Vehicle Type:
The global market has been divided into passenger cars, LCV, and HCV based on the vehicle type segment. As the number of kilometers driven in each country continues to rise, the passenger vehicle segment is likely to drive filter demand at a significant rate during the projection period, due to the hub-spoke architecture of metropolitan cities and suburban areas. The rise of automotive filters can be attributed in part to the escalating production of passenger cars.
MARKET SEGMENTATION:
By Filter Type:
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Air Filter
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Fuel Filter
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Cabin Filter
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Coolant Filter
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Others
By Media Type:
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Cellulose
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Synthetic
By Vehicle Type:
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Passenger cars
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LCV
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HCV
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REGIONAL ANALYSIS:
The market for automotive filters is a global industry that has been segmented into four primary regions: North America, Europe, Asia Pacific, and the Rest of the World. During the period covered by the forecast, it is anticipated that the Asia Pacific would hold the largest share of the market. The growth of the market will be aided by an increase in consumers' spending power, a decrease in the cost of labor, and an improvement in infrastructure. New competitors will enter the Asia Pacific market as a result of the region's growing population and the subsequent rise in demand for personal vehicles. There are a lot of vehicles on the road in the US and Mexico, which is driving the Automotive Filters Market in this region. Passenger automobiles and light commercial vehicles make up the majority of vehicles in North America's vehicle inventory (LCVs). Despite this, in the Asia Pacific and Europe, the contribution of passenger vehicles dominates the vehicle parc, as LCV sales are relatively low in these regions
REGIONAL COVERAGE:
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North America
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The USA
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Canada
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Mexico
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Europe
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Germany
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The UK
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France
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Italy
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Spain
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The Netherlands
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Rest of Europe
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Asia-Pacific
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Japan
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south Korea
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China
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India
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Australia
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Rest of Asia-Pacific
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The Middle East & Africa
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Israel
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UAE
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South Africa
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Rest of Middle East & Africa
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Latin America
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Brazil
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Argentina
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Rest of Latin America
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| Report Attributes | Details |
|---|---|
| Market Size in 2022 | US$ 20.38 Billion |
| Market Size by 2030 | US$ 27.05 Billion |
| CAGR | CAGR of 3.6% From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2020-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Filter Type (Air Filter, Fuel Filter, Cabin Filter, Coolant Filter, Others) • By Media Type (Cellulose, Synthetic) • By Vehicle Type (Passenger cars, LCV, HCV) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | Robert Bosch GmbH (Germany), Mahle GmbH (Germany), Mann+Hummel, Clarcor Inc. (Germany), ALCO filters (Germany), Lydall Inc. (Japan), Toyota Boshoku Corporation (Japan), ACDelco Inc. (U.S.), Cummins Inc. (U.S.), Denso Corporation (Japan), Hollingsworth & Vose Co. Inc. (U.S.), Donaldson Company Inc (U.S.) |
| Key Drivers | • The expansion of the market will be driven by a rise in the production of vehicles. • A rise in the number of automobile filters sold and purchased. • Because of recent developments in filter media types brought forth by technology. |
| Restraints | • Filters that cannot be replaced would be detrimental to the expansion of the market. • The market's growth will be slowed by the increasing use of electric vehicles. • The market's expansion will be slowed if original products cannot be found. |
Frequently Asked Questions (FAQ) :
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Global Automotive Filters Market Segmentation, By Filter Type
8.1 Air Filter
8.2 Fuel Filter
8.3 Cabin Filter
8.4 Coolant Filter
8.5 Others
9. Global Automotive Filters Market Segmentation, By Media Type
9.1 Cellulose
9.2 Synthetic
10. Global Automotive Filters Market Segmentation, By Vehicle Type
10.1 Passenger cars
10.2 LCV
10.3 HCV
11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 the USA
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 the UK
11.3.3 France
11.3.4 Italy
11.3.5 Spain
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4 Asia-Pacific
11.4.1 Japan
11.4.2 South Korea
11.4.3 China
11.4.4 India
11.4.5 Australia
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.1 Israel
11.5.2 UAE
11.5.3 South Africa
11.5.4 Rest
11.6 Latin America
11.6.1 Brazil
11.6.2 Argentina
11.6.3 Rest of Latin America
12. Company Profiles
12.1 Toyota Boshoku Corporation (Japan),
12.1.1 Financial
12.1.2 Products/ Services Offered
12.1.3 SWOT Analysis
12.1.4 The SNS view
12.2 Robert Bosch GmbH (Germany)
12.3 Mahle GmbH (Germany)
12.4 Mann+Hummel
12.5 Clarcor Inc. (Germany)
12.6 ALCO filters (Germany)
12.7 Lydall Inc. (Japan)
12.8 ACDelco Inc. (U.S.)
12.9 Cummins Inc. (U.S.)
12.10 Denso Corporation (Japan)
12.11 Hollingsworth & Vose Co. Inc. (U.S.)
12.12 Donaldson Company Inc (U.S.)
13. Competitive Landscape
13.1 Competitive Benchmarking
13.2 Market Share analysis
13.3 Recent Developments
14. Conclusion
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