Automotive Filters Market Research Report—Global Forecast till 2030

Automotive Filters Market Research Report Information By Type (Fuel Filter, Air Filter, Oil Filter, Cabin Filter) Propulsion (ICE, Electric) Sales Channel (OEM, Aftermarket) Vehicle Type (Passenger Vehicle, Light Commercial Vehicle, Heavy Commercial Vehicle) Forecast 2030

ID: MRFR/AM/4691-CR | August 2022 | Region: Global | 100 Pages         

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Automotive Filters Market

Automotive Filters Market Size is expected to cross USD 31714.2 Million by 2030 at a CAGR of 3.0% during the forecast period 2022-2030

Segmentation
By Type Fuel Filter Air Filter Oil Filter Emission Filter
By Sales OEM IAM OES Aftermarket
By Application Passenger Vehicle (PV) LCV HCV 2-wheeler
Key Players
Companies Profiled   Robert Bosch GmbH (Germany)    ALCO filters (Germany)    Lydall Inc. (Japan)    Toyota Boshoku Corporation (Japan)    Mahle GmbH (Germany)    Mann+Hummel    Clarcor Inc. (Germany)    ACDelco Inc. (U.S.)    Cummins Inc. (U.S.)    Denso Corporation (Japan)    Hollingsworth & Vose Co. Inc. (U.S.)    Donaldson Company Inc (U.S.)
Drivers
Market Driving Forces   Increased population and their demand for the personal vehicles    Increased the sales and demand for automotive filters
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Automotive Filters Market


The Global Automotive Filters Market size is projected to be worth USD 31,714.2 million by 2030, registering a CAGR of 3.0% during the forecast period (2022–2030).


Automotive Filters Market Overview


Filters are used in the vehicles for smooth uninterrupted fuel supply and oil supply and for safeguarding the parts and components of the engine. A high number of filters are used for cabin air purification. Filters play a vital role in improving the efficiency of the vehicle. All modern vehicles are equipped with different filters to upgrade the vehicle efficiency. Automotive filters are usually replaced within four to six months, depending upon the kilometer run by the vehicle and pollution level of city i.e. dust particles in the atmosphere. The maintenance of automotive filters should be carried out at regular interval to ensure the performance and efficiency of the vehicles.


COVID-19 Impact on the Global Automotive Filters Market:


The COVID-19 pandemic caused unprecedented shifts in the structure of various industries' environments across the globe and decreased the demand for vehicles in turn impacting the automotive filters market. During the pandemic, staffing and supplies were limited. With the ease in restrictions, the market is expected to return to its pre-covid rates and also show a steady market growth rate in the forecast period.


Currently, manufacturers and other end users are making greater efforts to develop connected company environments. They are adopting new digitalized technologies and connectivity options. Due to a shortage of skilled professionals, automated equipment is becoming a regular part of various industries worldwide.


Automotive Filters Market Dynamics


Drivers

  • Increasing presence of aftermarket players

  • Rapid technology developments

  • Stringent regulatory norms


The automotive industry is continuing to witness significant technological developments in terms of efficiency and design improvement in components. For instance, with the constant rise in ongoing global vehicle production, the vehicles sold in Europe have strict emission to limit the emission of tailpipe pollutants and those from other sources. Ever since the Volkswagen emission scandal, government authorities and consumers alike have become cautious with the choice and use of filters and other components, which has resulted in stringent policies and regulations to promote the adherence to the emission norms. Rapidly rising emission rates, across the globe, have created the need for stringent emissions to safeguard public interests.


The automotive filters market has witnessed significant demand due to the stringent regulatory norms. Most manufacturers in the market have pushed the limit to develop high quality, efficient, and cost-effective filters that enhance the efficiency of the vehicle and adhere to the safety norms established by the government authorities. Thus, stringent regulatory norms are expected to restrain the automotive filters market growth during the forecast period.


Restraints

The global sales of electric vehicles are growing rapidly owing to the growing awareness regarding environment protection and the government subsidies and schemes. The increased demand for electric vehicles is primarily due to the government initiatives toward carbon reduction owing to the growing environment concern. In Asia-Pacific, China has been dominating the electric vehicle market due to an increase in sales of electric vehicles. China has sold more than 507,000 electric vehicles and plug-in hybrid electric vehicle in 2016, which was an approximate growth of 53% from the previous year. Also, major manufacturers of vehicles are moving toward electrification, with focus on the development of hybrid, battery electric vehicle, and plug-in hybrid vehicles.


Additionally, power shortage, depletion of fossil fuels, increasing vehicular pollution, and the high costs of fuel used in the internal combustion (IC) engines are the primary factors that have led to the adoption of electric vehicles. Therefore, the increased sales of electric vehicles is expected to restrain the growth of the global automotive filters market during the forecast period. With the increasing sales of EVs to curb vehicular pollution, the sales of automotive filters are expected to remain affected during the forecast period. Thus, the increase in the sales of electric vehicles in the global market during the forecast period is expected to hamper the growth of the automotive filters market.


Opportunities

  • Increased investments in advanced filter technologies


The automotive filter manufacturers are making heavy investments in research & development to develop technologies, which are aimed at minimizing the environmental emissions from the vehicles. The increased investment in research & development is expected to allow the manufacturers to develop innovative products and gain a competitive edge in the automotive filters market. Product innovation involves system integration and developing new functionality that are expected to enhance the quality of automotive filters.


One of the areas of focus by the manufacturers of automotive filters is the reduction of fuel emission. The shift toward the use of tier 4 engines, which provide a complete superior level of filtration, creates the need for advanced filter media and other technologies to suit the improved engines. The technology upgrade and high investments in the development of automotive filters create opportunities for the manufacturers to develop and innovate the products. Thus, the increased investments in filter development technologies is expected to be an opportunity for the global automotive filters market players.


Automotive Filters Market Supply Chain Analysis


This is the first stage, where the automotive filter manufacturers obtain the required raw materials from the suppliers. Raw materials include filter paper, synthetic filter media, glass micro-fiber, and cellulose. Raw materials are supplied to the manufacturers of automotive filter directly or through intermediaries.


Manufacturers of the automotive filter transform raw materials into finished products, which get delivered to the end users. At this stage, manufacturers often work in close coordination with the clients to cater to their requirements and working conditions. This stage is crucial, where most of the time, the product is custom made and its specifications are changed to meet the specific requirements to suit a variety of applications. The distribution channel has gained immense importance. The manufactured automotive filters as per industry standards are distributed through a wide dealership network, across the globe. Such dealers form long-term contracts and agreements with automobile manufacturers for the supply of automotive filters. The final product is delivered through a defined channel for various vehicles types such as the passenger cars, and heavy & light commercial vehicles.


The end users are the customers who receive the finished products, who in this case are the original equipment manufacturers (OEMs) and aftermarket players. The installations are mostly done by dealers or experts authorized for installation of the filters. The replacement of filters is primarily done in the aftermarket when they malfunction due to fuel clogging while filters are directly installed by the OEMs during the manufacturing of vehicles.


Automotive Filters Market Segmentation


Based on type:


Fuel filters, air filters, oil filters, cabin filters and others are the segments based on the type of the Global Automotive Filters Market.  The oil filters segment is expected to have the highest CAGR and dominate the market share during the forecast period. Oil filters are used to remove abrasive materials from transmitting, lubricating, and hydraulic oils. The rise in the use of mechanical linkage, automatic transmission systems, and power steering is expected to drive the demand for oil filters in the global automotive filters market during the forecast period.


Based on propulsion:


ICE and electric are the segments based on the propulsion of the Global Automotive Filters Market. Internal combustion engines (ICE) are heat engines, within which fuel is ignited to convert chemical energy into mechanical energy. Automobiles powered by ICE install a number of filters for the efficient functioning of the automobile. A majority of the automobiles being operated globally are powered by ICE; the segment is expected to hold a larger market share during the forecast period. Such factors are expected to drive the growth of the ICE segment during the forecast period.


Based on sales channel:


OEM and Aftermarket industry are the segments based on sales channel of the Global Automotive Filters Market. The aftermarket segment has been witnessing remarkable growth in the sales for the automotive filters. The growing automotive industry and an increase in demand for filters combined with demand for improved fuel efficiency in the passenger cars and commercial vehicles will result in significant growth of the automotive filters market. It is estimated that the market will grow with a high CAGR throughout the forecast period.


Based on vehicle type:


Passenger vehicle, light commercial vehicle and heavy commercial vehicle are the segments based on vehicle type of the Global Automotive Filters Market. Since passenger cars are used to carry many passengers, the increase in the per capita income will significantly drive the sales of automotive filters for passenger cars. Rise in demand for passenger cars due to the increased population with high purchasing power and stringent government regulations regarding the vehicle emission level will increase the market size in terms of value and volume for passenger cars. The continuous increase in production of passenger cars due to the increased demand and evolving emission norms for vehicles will increase the installation of filters in passenger cars and would enhance the growth of global automotive filters market.


Automotive Filters Market Regional Analysis


The regions are classified as North America, Europe, Asia-Pacific, and Rest of the World. The Asia-Pacific is expected to be the leading region in the market. Asia-Pacific automotive industry is growing due to the presence of countries such as China, Japan, and India. The upsurge in the infiltration level of passenger cars and construction vehicles in the region is propelling the demand for automotive filters. Increased sales of automobiles in the region can be attributed to factors such as growing per capita income, improved infrastructure spending, and initiatives to increase the amount of FDI and economic production cost. Asia-Pacific has the highest number of automotive filter manufacturers. Low labor cost and favorable government guidelines are the major driving factors for the growth of the automotive filter market in the region.


North America has witnessed an increase in the sale of automotive filters. The growing US market is expected to lead to the improvement of the automotive filter market. Growing awareness regarding filter replacement and stringent government policies will support the market growth in North America. Investment in the development of new and improved filter mediums is rising in the region and the integration of production operations will boost the market share of the region for the automotive filter. Growing major manufacturing units for filter in Canada and Mexico and the increased demand for automobiles in the region are expected to increase the market share of North America in the global automotive filters market.


Automotive Filters Market Competitive Landscape


The global automotive filters market is characterized by the presence of many global and regional players. The global market is witnessing an increase in competition owing to the significant rise in investments in research & development. Additionally, the manufacturers are adopting acquisition as a strategy to gain a competitive edge over their competitors and enhance their presence in the global automotive filters market. Furthermore, the manufacturers are investing in collaborations and partnerships with domestic distributors and retailers to meet the demand for automotive filters across the globe. Providing cost-effective and high-quality automotive filters to fulfill the requirements of the end-use industries is expected to improve their sales and share in the automotive filters market.


List of Key Companies covered in the report:



  • Robert Bosch GmbH (Germany)

  • Mann+Hummel (Germany)

  • Donaldson Company, Inc. (US)

  • Denso Corporation (Japan)

  • Cummins Inc. (US)

  • ALCO Filters Ltd. (Cyprus)

  • Toyota Boshoku Corporation (Japan)

  • Mahle GmbH (Germany)

  • Parker Hannifin Corp (US)

  • ACDelco (US)

  • Hollingsworth & Vose Company (US)


Recent Developments:



  • In August 2019, Mann+Hummel acquired Hardy Filtration, a Canada-based air filtration company. This acquisition has helped the company expand its filtration business in the global market.

  • In June 2019, MHALE GmbH introduced new fuel filter- CleanLine. This guarantees low maintenance costs for fuel pumps and injection nozzles. They have excellent dust separation efficiency throughout their lifetime


Automotive Filters Market Report Overview:


The Global Automotive Filters Market is segmented based on type, propulsion, sales channel and vehicle type in this report. The report is focused on various analytical aspects such as market dynamics, Supply chain analysis, Porter’s five forces, competitive landscape, recent developments, and company profiles. The insights in this report, comprise, discuss views and predict the emerging and fast-growing segments, regions, and countries with potential of development in the Global Automotive Filters Market.


Segmentation Overview:


By type:



  • Fuel filters

  • Air filters


  • Oil Filters

    • Spin On

    • Cartridge

    • Others



  • Cabin filters

  • Others


By propulsion:



  • ICE

  • Electric


By sales channel:



  • OEM

  • Aftermarket


By vehicle type:



  • Passenger vehicle

  • Light commercial vehicle

  • Heavy commercial vehicle


By Regions:



  • North America

  • Europe

  • Asia-Pacific

  • Rest of the World


Objectives of the Study



  • To get a comprehensive overview of the Global Automotive Filters Market.

  • To get wide-ranging information about the key factors driving the market and market opportunities

  • To gain information regarding the key players in the industry, technology advancements and key developments

  • To gain insights about the key country/region in which the market is growing


Intended Audience



  • Automobile Companies

  • Manufacturing Companies

  • Research Institutes

  • Academic Institutes

  • Government Organizations



Report Scope:

Report Attribute/Metric Details
  Market Size    2030: USD 31,714. 2 Million
  CAGR    ~3.0%
  Base Year   2021
  Forecast Period   2022 to 2030
  Historical Data   2019 & 2020
  Forecast Units    Value (USD Million)
  Report Coverage    Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Type, Propulsion, Sales Channel, Vehicle Type
  Geographies Covered   North America, Europe, Asia-Pacific, Rest of the World
  Key Vendors   Robert Bosch GmbH (Germany), Mann+Hummel (Germany), Donaldson Company, Inc. (US), Denso Corporation (Japan), Cummins Inc. (US), ALCO Filters Ltd. (Cyprus), Toyota Boshoku Corporation (Japan), Mahle GmbH (Germany), Parker Hannifin Corp (US), ACDelco (US), Hollingsworth & Vose Company (US)
  Key Market Opportunities   Increased investments in advanced filter technologies
  Key Market Drivers   The increasing presence of aftermarket players Rapid technology developments Stringent regulatory norms


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Frequently Asked Questions (FAQ) :

The Global Automotive Filters Market would register a growth of ~3.0% during the forecast period.

Robert Bosch GmbH (Germany), Mann+Hummel (Germany), Donaldson Company, Inc. (US), Denso Corporation (Japan), Cummins Inc. (US), ALCO Filters Ltd. (Cyprus), Toyota Boshoku Corporation (Japan), Mahle GmbH (Germany), Parker Hannifin Corp (US), ACDelco (US), Hollingsworth & Vose Company (US)

Asia-Pacific would enjoy the upper hand in the Global Automotive Filters Market

Increased sales of electric vehicles is a key restraining factor for the Global Automotive Filters Market