Automotive Filters Market Worth $ 23.1 Billion By 2026
CHICAGO, October 1, 2021 / PRNewswire / – According to the new market research report “Automotive Filters Market by Filter Type (Air, Fuel, Oil, Cab, Coolant, Brake Dust, Oil Separator, Transmission, Steering, Cartridge Air & Cabin Filter Media, Fuel & Vehicle Type, Aftermarket – Global Forecast to 2026 “, published by MarketsandMarkets ™, the automotive filters market is expected to grow by $ 19.5 billion in 2021 to $ 23.1 billion by 2026, at a CAGR of 3.4% over the forecast period.
Increasing stringency of regulations on vehicle emissions and fuel economy is expected to drive the growth of the automotive filters market. In addition, the increase in vehicle production globally, especially in countries such as China, India, etc. is expected to stimulate demand for automotive filters.
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“The particle must be the largest segment, by type of material”
Particulate matter is estimated to be the most important segment of the automotive filter market. Particulate cabin filters are very economical compared to activated carbon and electrostatic cabin filters and offer above-average performance. Their low cost is one of the key factors in the growth of these filters, especially in price sensitive countries such as India and China. Particulate filters have a fully synthetic non-woven fabric filter barrier. Synthetic fibers are not hygroscopic and therefore water does not cause deformation of cabin filters. Such advantages are expected to lead to steady growth in the particulate filter market soon.
“Passenger car will be the fastest growing market for the automotive filters market, by vehicle type”
Passenger vehicles account for the largest share of environmental pollution caused by vehicles. As a result, the governments of several countries have put in place strict pollution control standards for passenger vehicles. For example, the strict standards for transitioning vehicle emissions into India, like BS 6, will provide better treatment and filtration of the exhaust gases. This will require the installation of more efficient filters, subsequently leading to the growth of the filter market in the passenger car segment.
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“North America is estimated to be the largest aftermarket market for automotive filters “
The North American auto industry is one of the fastest growing industries in the world and is dominated by domestic OEMs, such as Ford and General Motors, as well as established European and Japanese OEMs. The United States is home to the major aftermarket suppliers, such as Donaldson, ACDelco, and K&N Engineering, for automotive filters around the world. Therefore, it can be inferred that the United States is a mature aftermarket for automotive filters. The lack of adequate public transport and the vast geographic area of the country have forced people to get around in their own vehicles. The average mileage driven in the United States is therefore higher than in other countries.
Mexico does not have strict emissions and fuel economy regulations like the United States or Canada. However, there is a plan to harmonize the regulations with that of the United States. This would generate demand for advanced filters such as aftermarket air and fuel filters that would be compatible with new emissions regulations. Canada signed a free trade agreement with the United States and Mexico. This has strengthened the country’s automotive industry and increased sales, thus boosting the demand for automotive filters in the aftermarket. North American automotive filters are therefore expected to experience significant growth in the years to come.
The Automotive Filters market is dominated by global players and comprises several regional players. The main players in the automotive filters market are MANN + HUMMEL (Germany), MAHLE (Germany), Donaldson (United States), Sogefi (Italy), and Robert bosch (Germany).
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