Global Automotive Filters Market is anticipated to display a CAGR of around ~4% over the forecast period (2021-2027). The Automotive Filters Market is restrained by the fact that nonreplaceable filters will have an impact on the filter aftermarket in the future, as some filters, such as air and cabin filters, do not need to be changed over the vehicle's lifetime. The market for nonreplaceable filters is still alive and well. These filters are predicted to have a robust market in the coming years because of the multiple benefits they bring, such as zero replacement and cost savings compared to conventional filters. As a result, the rise in the use and manufacturing of electric vehicles is stifling the Automotive Filters Market's growth.
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Furthermore, the Automotive Filters Market has a lot of potential due to advancements in technology and filter media. The filter medium is the most important part of a filter. Its purpose is to catch any unwanted or unwanted particles. Depending on the use, it is commonly made composed of cellulose, synthetic, glass fiber, and activated carbohydrates. In the coming years, advancements in filter media types or technology will create a significant opportunity for automobile filter makers.
With increased automobile sales and mounting environmental concerns, governments in a number of nations are developing tough requirements for greenhouse gas (GHG) emissions and vehicle fuel economy. As a result, the use of various types of filters in automobiles to minimize carbon emissions is increasing. Furthermore, rising levels of air pollution in metropolitan areas, combined with an increase in the prevalence of respiratory illnesses, are driving up demand for car filters that absorb pollutants and deliver cleaner air. Furthermore, prominent firms are investing in research and development (R&D) initiatives to extend the filter's service life. Automotive filters are used in a variety of engine applications, including fuel, lubricant, and coolant filtering. An automotive filter assembly is made up of a die-cast aluminum alloy or zinc alloy top and bottom, as well as a perforated sheet metal body that houses the filter paper, cloth, or foam. Manufacturers' need for filters is increasing in response to rising car sales.
According to UnivDatos Market Insights (UMI)’ research report “Automotive Filters Market”, the market is expected to witness a CAGR growth of around ~4% during the forecast period 2021-2027F. Global Automotive Filters Market is experiencing significant growth due to the increasing global vehicle production along with regulatory laws enacted by the Government in the interest of emissions.
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Based on filter type, the market is segmented into Fuel Filter, Engine Oil Filter, Engine Air Filter, Cabin Air Filters, Steering Filter, and Coolant Filter. The Engine Air Filter segment generated revenue of USD XX billion in 2020 and is expected to grow at a CAGR XX% during the forecasted period. The engine air filter keeps insects, dust, particles, sand, and debris out of the engine and maintains a good air-fuel mixture for optimal efficiency. Because the engine is the most important portion of the car, customers want it to be as safe and efficient as possible. As a result, the engine air filter is predicted to lead the market. The benefits of a clear car engine air filter are better performance and efficiency, extended engine life, and inexpensive and quick change, all these add to the growth of this segment in the forecasted period of 2021-2027
Based on application, the market is segmented into Passenger Cars and Commercial Vehicle. The Passenger Cars segment generated revenue of USD XX billion in 2020 and is expected to grow at a CAGR XX% during the forecasted period. Because of the hub-spoke layout of metropolitan cities and suburban areas, the passenger vehicle segment is predicted to drive filter demand at a large rate throughout the projection period, owing to each country's continuous increase in miles traveled per year. The increase in automotive filters is mostly due to the ongoing expansion of passenger car manufacturers. Due to the need to keep commercial vehicles in functioning order, a high replacement rate is expected to be a major driving force in this market
Based on the distribution channel, the market is segmented into OEM and Aftermarket. The Aftermarket segment generated revenue of USD XX billion in 2020 and is expected to grow at a CAGR XX% during the forecasted period. Because of their simple availability and lower cost than OEM items, automotive aftermarket components are in high demand. Because OEM products are more expensive than alternatives with similar technical specifications and performance, consumers are more likely to choose alternatives with similar technical specifications and performance. Furthermore, the component delivery sales and services have increased as a result of the product's easy availability via e-commerce
Asia-Pacific to Grab Lion’s Share
During the projection period, the Asia-Pacific is expected to grow at a higher CAGR. Due to rising disposable incomes, fast industrialization, and a rise in passenger car sales, the Asia Pacific automotive filters market is predicted to grow at a CAGR of over XX percent from 2021 to 2027. In the coming years, increased replacement demand will be driven by China's high automotive output. The favorable FDI policies for aftermarket parts manufacture, as well as government rules aimed at lowering carbon emissions, would result in significant profits.
According to UnivDatos Market Insights (UMI)’, the key players with a considerable market share in the Global Automotive Filters Market include Robert Bosch GmbH, K&N Engineering, Inc, MAHLE GmbH, Donaldson Company, Sogefi S.p.A, Hengst SE, DENSO Corporation, Toyota Boshoku Corporation, Valeo SA, MANN+HUMMEL
· In June 2019, MAHLE GmbH introduced a new fuel filter – CleanLine. The new CleanLine fuel filters from MAHLE Aftermarket ensure lower maintenance costs for injection nozzles and fuel pumps. The spin-on filters, which can be changed easily and cleanly, offer exceptional water separation efficiency throughout their lifetime. Their dust retention capacity is also significantly higher than that of conventional filters
“Global Automotive Filters Market” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for the market players. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitors’ capabilities on different parameters. This will help companies in the formulation of go-to-market strategies and identifying the blue ocean for its offerings.
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Market Segmentation:
1. By Filter Type (Fuel Filter, Engine Oil Filter, Engine Air Filter, Cabin Air Filters, Steering Filter, and Coolant Filter)
2. By Application (Passenger Cars and Commercial Vehicle)
3. By Distribution Channel (OEM and Aftermarket)
4. By Region (North America (United States, Canada, Rest of North America), Europe (Germany, France, UK, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Rest of APAC), and Rest of World)
5. By Company (Napco Security Technologies Inc., Halma PLC, Johnson Controls International Plc., Raytheon Technologies Corporation, Robert Bosch GmbH, Honeywell International Inc., Hochiki Corporation, Siemens AG, Gentex Corporation, Eaton Corporation PLC)
Key questions answered in the study:
1. What are the current and future trends of the Global Automotive Filters industry?
2. How the industry has been evolving in terms of end-user demand and product category?
3. How the competition has been shaping across the countries followed by their comparative factorial indexing?
4. What are the key growth drivers and challenges for the Global Automotive Filters industry?
5. What is the customer orientation, purchase behavior, and expectations from the Global Automotive Filters suppliers across various countries?
Table of Content –
1 MARKET INTRODUCTION
2 RESEARCH METHODOLOGY OR ASSUMPTION
3 MARKET SYNOPSIS
4 EXECUTIVE SUMMARY
5 AUTOMOTIVE FILTERS MARKET COVID-19 IMPACT
6 AUTOMOTIVE FILTERS MARKET REVENUE, 2019-2027F
7 MARKET INSIGHTS BY FILTER TYPE
8 MARKET INSIGHTS BY APPLICATION
9 MARKET INSIGHTS BY DISTRIBUTION CHANNEL
10 MARKET INSIGHTS BY REGION
11 AUTOMOTIVE FILTERS MARKET DYNAMICS
12 AUTOMOTIVE FILTERS MARKET OPPORTUNITIES
13 AUTOMOTIVE FILTERS MARKET TRENDS
14 LEGAL & REGULATORY FRAMEWORK
15 DEMAND AND SUPPLY SIDE ANALYSIS
16 VALUE CHAIN ANALYSIS
17 COMPETITIVE SCENARIO
18 COMPANY PROFILED
19 DISCLAIMER
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