Automotive Filters Market Size, Competitive Landscape and Market Forecast - 2029

SKU: DMAUTR264 | Last Updated On: Sep 14 2022 | Available Formats

> Global Automotive Filters Market Expected to reach a high CAGR By 2029: DataM Intelligence

Global Automotive Filters Market is segmented By Filter Type (Air Filter, Fuel Filter, Oil Filter), By Vehicle Type (Passenger Vehicles, Commercial Vehicles, Two-Wheelers), By Sales Channel (OEM, Aftermarket), By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Size, Share, Outlook, and Opportunity Analysis, 2022-2029

Market Overview

[150 Pages Report] The Global Automotive Filters Market expected to grow at a CAGR during the forecast period (2022-2029).

Automotive Filters Market - Strategic Insights

Metrics

Details

Market CAGR

 3%

Segments Covered

By Filter Type, By Vehicle Type, By Sales Channel and By Region

Report Insights Covered

Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other key insights.

Fastest Growing Region

Asia Pacific

Largest Market Share 

North America

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The growth in the automotive industry is the key driver for the growth of the global automotive filters market. Moreover, the increase in the technological developments for automotive filters is responsible for the growth of the industry.        

Automotive filters are designed to filter out or remove contaminants such as dust, pollen, and other debris. Automotive filter aids in increasing the filter life as it helps in trapping dirt and other contaminants that can harm filter parts such as pistons and cylinders.

The report covers all the major trends and drivers playing a vital role in the growth of the Global Automotive Filters Market. The Global Automotive Filters Market has been segmented based on region, filter type, vehicle type, and sales channel.

Market Dynamics

The Global Automotive Filters Market growth is primarily driven by various technological advancements happening in the industry, coupled with the launch of new and innovative Filters for automobiles by the market players. Moreover, the expansion of global players and stringent government regulation on reducing vehicle emission are the major factors that are influencing the demand for automotive filters.

Moreover, the rising varieties of fuel filters for different applications is one of the key trends that will contribute to market growth. OEMs are coming up with fuel filters that can get rid of unwanted particles from the fuel. Major players in the market are offering these filters that are increasingly used in passenger cars, trucks, and vans. Cartridge filters, spin-on filters, inline filters, and metal-free filters are the different types of fuel filters in the market.

However, various microeconomic factors and high initial cost might hinder the market growth. For instance, India’s passenger vehicle industry suffered its worst sales performance in nearly 19 years in 2019; as a slowing economy, higher ownership costs, and floods in some states deterred buyers.

Market Segmentation

By vehicle type, the Global Automotive Filters Market has been segmented into two-wheelers, passenger vehicles, and commercial vehicles. The passenger vehicle segment is accounted for the major shares of the automotive Filter market. Factors such as high demand, the increased sales numbers, and stringent emission norms in the developed and developing countries will contribute to the growth of this industry segment in the coming years. However, the Two-wheeler segment is expected to witness the highest CAGR over the forecast period owing to the rise in the two-wheeler taxi and delivery services in developing nations like India, China, and Indonesia.

By filter type, the Global Automotive Filters Market is segmented into Air filter, Fuel Filter, and Oil Filter. In 2018, the Air filters segment accounted for the majority share in the global market. Factors such as the rising demand for automobiles and regulations of government agencies and regulatory bodies will contribute to the growth of the automotive air filters market segment over the forecast period.

Regional Analysis

By geography, the Global Automotive Filters Market is segmented into North America, Asia-Pacific (APAC), Europe, South America, and the Middle East and Africa (MEA).

In 2018, APAC dominated the Global Automotive Filters Market. In addition, China is the leading country in the region as well as globally. Most of the product demand in the Asia Pacific is fulfilled by China, India, South Korea, and Japan. This growth can be attributed to the shift of production facilities in emerging markets such as China and India owing to the lower operational expenditure as compared to that in developed regions. It is expected to witness significant growth, owing to high government spending on the infrastructure sector and rising opportunities for Foreign Direct Investment (FDI), especially in countries like China and India. However, availability of counterfeit filters in the region is expected to challenge the market growth.

North America held the second-largest market share in Global Automotive Filters Market. With continuous technological innovation, growing awareness about benefits of filters, and new product launches providing better efficiency to consumers will drive the market in the region. Europe is the third-largest region in the market, with key leading countries such as region, is Germany, Norway, France, and the UK.

Competitive Analysis

Global Automotive Filters Market is fragmented with the presence of global and regional players in the market. Intense rivalry among top players in the market has started fierce competition at various levels for setting a low price, driving aggressive marketing strategies, and new and innovative product launches as per consumers’ preference.

Some major players in the market are Robert Bosch Gmbh, Mann+Hummel, Donaldson, Mahle, Sogefi, Denso, Ahlstrom-Munksjö, Acdelco, Hengst, K&N Engineering, and among others.

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FAQ

What is the Automotive Filters Market growth?

The market is growing at a CAGR of 3%

What is Automotive Filters Market size in 2021?

The Automotive Filters Market size was valued at USD YY million in 2021

Who are the key players in Automotive Filters Market?

Robert Bosch Gmbh, Mann+Hummel, Donaldson, Mahle, Sogefi, Denso, Ahlstrom-Munksjö, Acdelco, Hengst, K&N Engineering

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