The global automotive air filter market share is expected to reach US$ 6,680 Mn by 2032 while exhibiting a stagnant CAGR of 2.3% for the forecast period of 2022 to 2032. Valued at an estimated US$ 5,321.3 Mn in 2022, the automotive air market reflects lethargic growth over the period of observation. The market is mainly driven by the implementation of stringent regulations regarding greenhouse gas emissions. Accelerated demand for high-end vehicles that provide better passenger comfort and growing automotive sales and production also aid the market expansion of automotive air filter market.
The primary function of an automotive air filter is to prevent dirt particles, bugs, debris, pollutants and other contaminants from entering a vehicle's critical components like an engine or its interior. It supplies a good combination of air and fuel to aid performance, lower emissions and improving the performance of the vehicle.
The market for automotive air filters is propelled by the advancing automobile industry, especially by the cars market, as nowadays most automobiles have two air filters: air intake air filters and cabin air filters. Consumers are growing aware of the necessity of air filters as they ensure clean air and prevents dirt from entering the passenger cabins. This factor bodes well for the market.
The increase in car production coupled with the requirement of a variety of filters by automobiles will likely bolster the future market prospects. All automobiles need several kind of filters like air, oil, cabin and fuel filters. In addition to this, prevailing filter trends such as transmission filters for automated transmission systems and brake dust filters are further fueling the market sales of automotive air filters over the projected period.
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“Advancing cars market and consumer awareness of the necessity of air filters will likely augment the sales of automotive air filters over the forecast period,” says an FMI analyst.
Key Takeaways:
- Usage of cost-effective raw materials to generate market opportunities.
- Booming electric car market hinders the market prospects for intake air filters.
- In 2022, the automotive air filter market in North America is anticipated to account for 15% of the global market share.
- Europe is predicted to acquire almost 24% of the overall market share by the end of 2022.
- Asia Pacific is projected to be one of the fastest growing market during the assessment period.
Leading Top 10 automotive air filter manufacturers are: MANN+HUMMEL, Donaldson Company, Inc, NGK INSULATORS, LTD, Sogefi SpA, Nirvana Being, Mahle International GmbH, C R Fab Media Private Limited, Melkev Machinery Impex, Global Filters, Simplex Corporation, and others are some of the major players in the automotive air filter market that are profiled in the full version of the report.
Major market players are eyeing newer and attractive markets to invest in so as to increase their market share. These businesses are also interested in product development.
Key Segments Profiled In the Global Automotive Air Filter Market
Automotive Air Filter Market by Type:
- Cabin Automotive Air Filter
- Intake Automotive Air Filter
Automotive Air Filter Market by Filtering Media:
- Synthetic Automotive Air Filter
- Cellulose Automotive Air Filter
- Activated Carbon Automotive Air Filter
- Particle Automotive Air Filter
