Automotive Filters Market: Current Analysis and Forecast (2021-2027)

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Emphasis on Filter Type (Fuel Filter, Engine Oil Filter, Engine Air Filter, Cabin Air Filters, Steering Filter, and Coolant Filter); Application (Passenger Cars and Commercial Vehicle); Distribution Channel (OEM and Aftermarket); Region and Country

Pages:

213

Table:

37

Figure:

103

Report ID:

UMAU21768

Geography:

Clear
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Report Description
Table of content
Research Methodology

Report Description

Automotive Filters Market 1
Automotive Filters Market 1

Global Automotive Filters is anticipated to display a CAGR of around ~4% over the forecast period (2021-2027). The Automotive Filters Market is restrained by the fact that nonreplaceable filters will have an impact on the filter aftermarket in the future, as some filters, such as air and cabin filters, do not need to be changed over the vehicle’s lifetime. The market for nonreplaceable filters is still alive and well. These filters are predicted to have a robust market in the coming years because of the multiple benefits they bring, such as zero replacement and cost savings compared to conventional filters. As a result, the rise in the use and manufacturing of electric vehicles is stifling the Automotive Filters Market’s growth. Furthermore, the Automotive Filters Market has a lot of potential due to advancements in technology and filter media. The filter medium is the most important part of a filter. Its purpose is to catch any unwanted or unwanted particles. Depending on the use, it is commonly made composed of cellulose, synthetic, glass fiber, and activated carbohydrates. In the coming years, advancements in filter media types or technology will create a significant opportunity for automobile filter makers.

Insights Presented in the Report

“Amongst Filter Type, Engine Air Filter segment dominated the market in 2020”

Based on filter type, the market is segmented into Fuel Filter, Engine Oil Filter, Engine Air Filter, Cabin Air Filters, Steering Filter, and Coolant Filter. The Engine Air Filter segment generated revenue of USD XX billion in 2020 and is expected to grow at a CAGR XX% during the forecasted period. The engine air filter keeps insects, dust, particles, sand, and debris out of the engine and maintains a good air-fuel mixture for optimal efficiency. Because the engine is the most important portion of the car, customers want it to be as safe and efficient as possible. As a result, the engine air filter is predicted to lead the market. The benefits of a clear car engine air filter are better performance and efficiency, extended engine life, and inexpensive and quick change, all these add to the growth of this segment in the forecasted period of 2021-2027

“Amongst Application, Passenger Cars segment dominated the market in 2020.”

Based on application, the market is segmented into Passenger Cars and Commercial Vehicle. The Passenger Cars segment generated revenue of USD XX billion in 2020 and is expected to grow at a CAGR XX% during the forecasted period. Because of the hub-spoke layout of metropolitan cities and suburban areas, the passenger vehicle segment is predicted to drive filter demand at a large rate throughout the projection period, owing to each country’s continuous increase in miles traveled per year. The increase in automotive filters is mostly due to the ongoing expansion of passenger car manufacturers. Due to the need to keep commercial vehicles in functioning order, a high replacement rate is expected to be a major driving force in this market

“Amongst Distribution Channel, Aftermarket segment dominated the market in 2020.”

Based on the distribution channel, the market is segmented into OEM and Aftermarket. The Aftermarket segment generated revenue of USD XX billion in 2020 and is expected to grow at a CAGR XX% during the forecasted period. Because of their simple availability and lower cost than OEM items, automotive aftermarket components are in high demand. Because OEM products are more expensive than alternatives with similar technical specifications and performance, consumers are more likely to choose alternatives with similar technical specifications and performance. Furthermore, the component delivery sales and services have increased as a result of the product’s easy availability via e-commerce

“Asia-Pacific represents the largest market.”

During the projection period, the Asia-Pacific region led the market for Automotive Filters, due to rising disposable incomes, fast industrialization, and a rise in passenger car sales, the Asia Pacific automotive filters market is predicted to grow at a CAGR of over XX percent from 2021 to 2027. In the coming years, increased replacement demand will be driven by China’s high automotive output. The favorable FDI policies for aftermarket parts manufacture, as well as government rules aimed at lowering carbon emissions, would result in significant profits. Some of the major players operating in the market include Robert Bosch GmbH, K&N Engineering, Inc, MAHLE GmbH, Donaldson Company, Sogefi S.p.A, Hengst SE, DENSO Corporation, Toyota Boshoku Corporation, Valeo SA, MANN+HUMMEL, etc.

Reasons to buy this report:

  • The study includes market sizing and forecasting analysis validated by authenticated key industry experts
  • The report presents a quick review of overall industry performance at one glance
  • The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments
  • Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry
  • The study comprehensively covers the market across different segments
  • Deep dive regional & country-level analysis of the industry


Customization Options:

The Global Automotive Filters can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.

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1.1.Market Definitions
1.2.Limitation
1.3.Stake Holders
1.4.Currency used in Report
2.1.Research Process of the Automotive Filters Market
2.2.Research Methodology of the Automotive Filters Market
2.3.Forecasting Method
2.4.Respondent Profile
2.5.Main Objective of the Automotive Filters Market Study
3MARKET SYNOPSIS
4EXECUTIVE SUMMARY
5AUTOMOTIVE FILTERS MARKET COVID-19 IMPACT
6AUTOMOTIVE FILTERS MARKET REVENUE, 2019-2027F
7.1.Fuel Filter 
 7.1.1. Diesel Fuel Filter
 7.1.2. Gasoline Fuel Filter
7.2.Engine Oil Filter
7.3.Engine Air Filter
7.4.Cabin Air Filters
7.5.Steering Filter
7.6.Coolant Filter
8.1.Passenger Cars
8.2.Commercial Vehicle
10.1.NORTH AMERICA AUTOMOTIVE FILTERS MARKET
 10.1.1.United States
 10.1.2.Canada
 10.1.3.Rest of North America
10.2.EUROPE AUTOMOTIVE FILTERS MARKET
 10.2.1.Germany
 10.2.2.France
 10.2.3.United Kingdom
 10.2.4.Italy
 10.2.5.Rest of Europe
10.3.ASIA-PACIFIC AUTOMOTIVE FILTERS MARKET
 10.3.1.China
 10.3.2.Japan
 10.3.3.India
 10.3.4.South Korea 
 10.3.5.Rest of Asia Pacific
10.4.REST OF WORLD AUTOMOTIVE FILTERS MARKET
11.1.Market Drivers
11.2.Market Challenges
11.3.Impact Analysis
12AUTOMOTIVE FILTERS MARKET OPPORTUNITIES
13AUTOMOTIVE FILTERS MARKET TRENDS
14LEGAL & REGULATORY FRAMEWORK
15.1.Demand Side Analysis
15.2.Supply Side Analysis
16VALUE CHAIN ANALYSIS
17.1.COMPETITIVE LANDSCAPE
 17.1.1.Company Shares, By Revenue
18.1.Robert Bosch GmbH
18.2.K&N Engineering, Inc
18.3.MAHLE GmbH
18.4.Donaldson Company
18.5.Sogefi S.p.A
18.6.Hengst SE
18.7.DENSO Corporation
18.8.Toyota Boshoku Corporation
18.9.Valeo SA
18.10.MANN+HUMMEL
19DISCLAIMER

Research Methodology

Automotive filters are generally used to remove dust particles and air pollutants from vehicles in order to increase fuel efficiency and power output. It helps to increase airflow and reduce engine damage, extending the life of the vehicle. It has a wide range of applications in the automotive industry. Automobile filters keep harmful pollutants, contaminants, and toxins from entering the vehicle. These filters capture pollen, dust particles, and foul-smelling gases that enter the car through the heating, ventilation, and air conditioning (HVAC) system. Maintaining a healthy and clean ambiance while avoiding eyesight difficulties is made easier by preventing fast condensation of the windscreen. Automobile filters are also gaining popularity around the world as a strategy to lessen the vehicle’s environmental impact because they enhance engine performance and reduce fuel consumption. Governments in various nations are creating severe criteria for greenhouse gas (GHG) emissions and vehicle fuel economy as a result of increased automobile sales and growing environmental concerns. As a result, several types of filters are increasingly being used in automobiles to reduce carbon emissions.

Consumer preferences for fuel-efficient diesel engines, as well as the need to reduce carbon emissions, are expected to drive the growth of the vehicle filter market. Over the projected period, strict government emission laws are also expected to boost the growth of the automotive filters market. According to the US Environmental Protection Agency, a proposal to change greenhouse emission requirements and Corporate Average Fuel Economy (CAFE) to vehicle models covering 2021 through 2026 passenger automobiles and light commercial vehicles has been submitted. The automotive filter industry is predicted to grow as the number of automobiles in emerging countries rises. The innovation of automobile filters is also expected to fuel the industry’s expansion. The automotive filters industry is projected to be hampered by non-replaceable filters in automobiles. The market for filters is projected to be restrained by the rising use of electric vehicles among consumers as a result of alternative fuels. Furthermore, the low maintenance cost of electric vehicles, which decreases vehicle expenses, is expected to promote the demand for electric vehicles.

Analysis of Historical Market Size

Step 1: In-Depth Study of Secondary Sources:

A detailed secondary study was conducted to obtain the historical market size of the Automotive Filters through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.

Step 2: Market Segmentation:

After obtaining the historical market size of the Automotive Filters, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments included in the report are filter type, application, and distribution channel. Further regional & country-level analyses were conducted to evaluate the overall adoption of the Automotive Filters in the global context.

Step 3: Factor Analysis:

After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size. Further, we conducted factor analysis using dependent and independent variables such as growing government incentives and demand for eco-friendly transportation, etc. Historical trends and their year-on-year impact on the market size and share were analyzed. Demand and the supply-side scenario were also thoroughly studied.

Current Market Size Estimate & Forecast

Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the market, and market shares of the segments and company. All the required percentage split and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.

Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the bottom-up approach were applied to arrive at the market forecast to 2027 for different segments and subsegments across the major regions globally. The research methodology adopted to estimate the market size encompasses:

  • The industry’s market size, in terms of value (US$) and the adoption rate of Automotive Filters across the major markets
  • All percentage shares, splits, and breakdowns of market segments and sub-segments
  • Key players in the Automotive Filters in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market.


Market Size and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major countries. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.

Split of Primary Participants in Different Regions

Automotive Filters Market 2
Automotive Filters Market 2

Market Engineering

The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the Automotive Filters. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of elevation system, type, product type, structure, and region.

The main objective of the Automotive Filters Study

The current & future market trends of the Automotive Filters were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends would determine the overall attractiveness of the market at a regional & country level, providing a platform for the industrial participant to exploit the untapped market to benefit as a first-mover advantage. Other quantitative goals of the studies include:

  • Analyze the current and forecast market size of the Automotive Filters in terms of value (US$). Also, analyze the current and forecast market size of different segments and sub-segments
  • Segments in the study include sub-system and vehicle type
  • Defined analysis of the regulatory framework for the Global Automotive Filters industry
  • Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry
  • Analyze the current and forecast market size of the Automotive Filters for the major regions & countries
  • Major regions studied in the report include North America (US, Canada, Rest of North America), Europe (Germany, United Kingdom, France, Italy, Rest of Europe), Asia Pacific (China, Japan, India, South Korea, Rest of Asia-Pacific), and Rest of World
  • Company profiles of the Automotive Filters players and the growth strategies adopted by them to sustain in the fast-growing market

Deep dive regional & country-level analysis of the industry

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