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The automotive filters market size is estimated to grow at a CAGR of 4.14% between 2022 and 2027. The market size is forecast to increase by USD 6,013.54 million. The growth of the market depends on several factors such as
This automotive filters market report extensively covers market segmentation by type (air filters, oil filters, and fuel filters), distribution channel (aftermarket and OEM), and geography (APAC, North America, Europe, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Increasing demand for road transportation is the key driver for the growth of the market. The growing preference for trucking for last-mile deliveries and the subsequent increase in the use of heavy, medium, and light vehicles in emerging countries such as China and India will reduce the need for railway transport. In China, one of the key reasons to choose road transport for cargo transport is the limited number of rail freight services available in the country. The lack of adequate freight services has led companies to choose the road as a reliable mode of transportation.
Furthermore, the lack of adequate freight services has led companies to choose the road as a reliable mode of transportation. Roadways are more convenient than the railway, cheaper than air, and faster than water. The increase in demand for road freight has led freight operators to increase their commercial vehicle fleets, which in turn is expected to drive demand for automotive filters. Hence, these factors are expected to drive the growth of the global automotive filter market during the forecast period.
Increasing varieties of fuel filters to suit different applications is one of the key trends for market growth. Using clean fuels in ICEs engines improves engine performance and reduces carbon emissions. In the combustion chamber, the fuel is contaminated with unwanted particles such as pollen, dust, liquid droplets, and rust. Impurities in the fuel can cause serious engine damage. The fuel filter plays a crucial role in removing unwanted particles from the vehicle.
Furthermore, OEMs are developing fuel filters capable of removing unwanted particles from the fuel. ALCO, one of the leading fuel filter manufacturers, offers more than 500 fuel filters. The company introduced new filters used in passenger cars, vans, and trucks. Cartridge filters, spin-on filters, in-line filters, and non-metallic filters are different types of fuel filters. Therefore, such a wide range of applications is expected to fuel the growth of the global automotive filter market during the forecast period.
The rising demand for EVs is the challenge that affects the growth of the market. The rapid expansion of electric vehicle charging infrastructure, increased consumer awareness, government subsidies, and a complete or partial ban on the use of gasoline-powered vehicles are also driving demand for electric vehicles globally. According to the International Energy Agency (IEA), the share of electric vehicles in the entire auto industry has increased from about 4% in 2020 to 14% in 2022.
However, electric vehicle sales in 2022 are lower than traditional fuel vehicle sales, demand for electric vehicles is expected to increase due to the government's policies to support the use of eco-friendly and energy-efficient vehicles. Since electric vehicles do not need fuel injectors, the increased demand for these vehicles will negatively impact the demand for automotive filters, which in turn is expected to hinder the growth of the global automotive filter during the forecast period.
The market research report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Automotive Filters Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
A. Kayser Automotive Systems GmbH: The company offers automotive filters such as air filter with OBD interface and fuel filters.
The research report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The air filters segment is estimated to witness significant growth during the forecast period. Increasing automotive demand is driving the growth of the global air filter market. The Air Quality Index (AQI) is a measure of air quality. A high AQI indicates poor air quality. Government agencies and regulatory agencies use this index to monitor air quality. The passenger car segment dominates the global automotive air filter market in 2022, owing to high global passenger vehicle sales compared to light vehicles (LCVs) and heavy vehicles (HCVs).
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The air filters segment was the largest segment and was valued at USD 11,045.82 million in 2017. Emerging markets like India heavily rely on roads for freight and therefore have a high demand for LCVs and HCVs. The US, China, India, and other emerging countries are expected to show steady adoption of LCVs. The growth of SMEs is driving the demand for LCVs. Due to the high levels of pollution in the environment, most light commercial vehicles should be equipped with cabin air filters. Hence, these factors are expected to result in rapid growth of the air filters segment of the global automotive filters market during the forecast period.
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APAC is estimated to contribute 58% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The heavy usage of commercial vehicles in countries such as China, India, and South Korea is contributing to the market growth in the region. China dominates the automotive filter market in the APAC region in terms of revenue. The production of automotive filters in the APAC region depends on the production and sale of passenger cars and commercial vehicles, as well as the growing demand for the production of automotive components for export.
Moreover, factors such as improving living standards and raised disposable income are boosting the demand for automobiles in the APAC region. Strong demand for automobiles encourages auto original equipment manufacturers to locate their production plants in this region. Therefore, the increasing vehicle production in this region will lead to an increased demand for automotive filters which in turn is expected to fuel the growth of the global automotive filter market in the region during the forecast period.
In 2020, the COVID-19 pandemic resulted in the temporary closure of the automotive industry in several APAC countries, resulting in reduced production of automobiles and related components. However, in 2021, the initiation of large-scale vaccination drives?lifted the lockdown and travel restrictions, which led to the resumption of operations in the automotive industry. Furthermore, rising automotive parts and components outsourcing from different regions and the expansion of automotive manufacturers are expected to propel the growth of the automotive filters market in the APAC region during the forecast period.
The automotive filters market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
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Automotive Filters Market Scope |
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Report Coverage |
Details |
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Page number |
171 |
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Base year |
2022 |
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Historic period |
2017-2021 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 4.14% |
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Market growth 2023-2027 |
USD 6,013.54 million |
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Market structure |
Fragmented |
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YoY growth 2022-2023(%) |
3.65 |
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Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
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Performing market contribution |
APAC at 58% |
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Key countries |
US, China, India, Germany, and UK |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
A. Kayser Automotive Systems GmbH, Ahlstrom Munksjo, ALCO Filters Ltd., Cummins Inc., DENSO Corp., Donaldson Co. Inc., ELOFIC INDUSTRIES Ltd., First Brands Group, Ford Motor Co., Hengst SE, MAHLE GmbH, MANN HUMMEL International GmbH and Co. KG, Parker Hannifin Corp., Purofil Auto India Pvt Ltd, Robert Bosch GmbH, Sogefi Spa, Toyota Motor Corp., UFI filters SPA, Wix filters, and Zenith Auto Industries Pvt. Ltd. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by Distribution Channel
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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