Air filters are crucial for automotive systems, playing a pivotal role in emission control. These filters contribute to efficient combustion processes by ensuring a clean air supply to the engine and reducing the release of harmful pollutants into the atmosphere. This is vital for compliance with stringent environmental standards and regulations governing vehicle emissions. A well-maintained air filter enhances the performance of the vehicle, optimizing fuel combustion and reducing the environmental impact. As governments worldwide, increasingly focus on reducing vehicular emissions, the role of air filters becomes paramount in supporting cleaner and more sustainable transportation.
According to Data Bridge Market Research analyses, the Global Air Filter for Automotive Market is expected to reach USD 6,550.10 million by 2030, which is USD 4,048.11 million in 2022, at a CAGR of 6.20% during the forecast period 2023-2030.
"Rise in vehicle production boosts the market growth"
The surge in vehicle production serves as a pivotal driver for the air filter for automotive market. As global demand for vehicles continues to rise, manufacturers are compelled to produce a larger volume of automobiles. This increased production stems from expanding markets and from technological advancements and consumer preferences. With more vehicles on the road, the need for efficient air filtration systems becomes imperative to ensure optimal engine performance and maintain air quality inside vehicles. The growing vehicle production acts as a significant catalyst propelling the demand for air filters in the automotive sector, driving the expansion of the air filter for automotive market.
What restraints the growth of global air filter for automotive market?
“Escalating prices of raw materials the hinders market growth”
The air filter for automotive market faces a significant restraint due to the escalating prices of raw materials used in their production. The surge in raw material costs poses a challenge, as it directly impacts the manufacturing expenses for automotive air filters. This limitation may hinder the large-scale consumption of air filters, as manufacturers could face difficulties in maintaining competitive pricing. Consequently, consumers might experience higher product costs, potentially leading to a reduced demand for air filters in the automotive sector.
Segmentation: Global Air Filter for Automotive Market
The global air filter for automotive market is segmented based on the type, filter media, vehicle type and distribution channel.
- On the basis of type, the global air filter for automotive market is segmented into cabin air filter, and intake air filter
- On the basis of filter media, the global air filter for automotive market is segmented into synthetic, activated carbon, cellulose, and others
- On the basis of vehicle type, the global air filter for automotive market is segmented into passenger car, light commercial vehicles, heavy duty commercial vehicle, and others
- On the basis of distribution channel, the global air filter for automotive market is segmented into OEMs, and aftermarket
Regional Insights: Asia-Pacific dominates the Global Air Filter for Automotive Market
The Asia-Pacific dominates the automotive air filter market in revenue due to robust growth in the automotive industry and a substantial presence of manufacturers. This dominance is fueled by the region's thriving automotive sector, contributing to increased demand for air filters. With numerous manufacturers operating in Asia-Pacific, the market benefits from a competitive landscape and a high prevalence of production activities, further bolstering its economic significance in the automotive filtration sector.
North America is expected to experience rapid development from 2023 to 2030, driven by shifting consumer preferences and an increase in per capita income. The region's growth is further propelled by the adoption of regulations favoring the use of efficient, lightweight, and robust materials. These factors collectively contribute to the region's emergence as the fastest-growing area during the forecast period.
To know more about the study visit, https://www.databridgemarketresearch.com/reports/global-air-filter-for-automotive-market
Recent Developments in Global Air Filter for Automotive Market
- In 2021, Freudenberg Filtration Technologies, based in South Africa, acquired RPS Products, a US-based air filter manufacturer, for an undisclosed amount. This strategic acquisition aims to expand Freudenberg's presence and business in North America
- In 2021, Nirvana Being introduced its artificial car cabin filter solutions designed to safeguard against pollution. With a focus on South Asian markets, particularly India, Nirvana Being aims to capture a larger market share by providing innovative solutions for automotive air quality
- In 2021, Mann+Hummel revealed plans to launch the first vehicle integrated with their high-efficiency particulate air (HEPA) filter technology, offering protection against automobile air pollution. This initiative demonstrates Mann+Hummel's commitment to advancing automotive air filtration solutions
The Prominent Key Players Operating in the Global Air Filter for Automotive Market Include:
- Panasonic Holdings Corporation (Japan)
- DENSO CORPORATION.(Japan)
- Robert Bosch GmbH (Germany)
- 3M (U.S.)
- Mahle GmbH (Germany)
- MANN+HUMMEL (Germany)
- SHARP CORPORATION (Japan)
- Koninklijke Philips N.V. (Netherlands)
- Eureka Forbes (India)
- Xiaomi (China)
- Cuckoo (India)
- Guangzhou Ionkini Technology Co. Ltd. (China)
- Honeywell International Inc. (U.S.)
- KYOTO MACHINERY (Japan)
- LIFA Air Ltd. (Finland)
- Power4 Industries Limited (China)
Above are the key players covered in the report, to know about more and exhaustive list of global air filter for automotive market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: Global Air Filter for Automotive Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
