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Automotive Filters Market Trends and Growth 2018 - 2025 By Aaron Smith

  in Automotive | Published 2019-03-09 12:02:05 | 14 Reads | Unrated

Summary

Automotive Filters Market by Type (Air, Fuel, Oil, Cabin, Coolant, Brake Dust, Oil Separator, Transmission, Steering, Dryer Cartridge, EMI/EMC, Coolant Air Particle), Air & Cabin Filter Media, Fuel & Vehicle Type, Aftermarket - Global Forecast to 2025

Full Content

Browse 147 market data Tables and 58 Figures spread through 200 Pages and in-depth TOC on "Automotive Filters Market by Type (Air, Fuel, Oil, Cabin, Coolant, Brake Dust, Oil Separator, Transmission, Steering, Dryer Cartridge, EMI/EMC, Coolant Air Particle), Air & Cabin Filter Media, Fuel & Vehicle Type, Aftermarket - Global Forecast to 2025"

MarketsandMarkets: Automotive Filters Market by Type (Air, Fuel, Oil, Cabin, Coolant, Brake Dust, Oil Separa

tor, Transmission, Steering, Dryer Cartridge, EMI/EMC, Coolant Air Particle), Air & Cabin Filter Media, Fuel & Vehicle Type, Aftermarket - Global Forecast to 2025, The automotive filters OE market is estimated to grow at a CAGR of 4.35% from USD 2.93 Billion in 2018 to USD 3.94 Billion by 2025 and the automotive filters aftermarket is estimated to grow at a CAGR of 1.14%, to reach USD 23.31 Billion by 2025 from USD 21.53 Billion in 2018. Factors such as increasing vehicle production and the increasing vehicle parc and average miles driven every year across all regions are projected to fuel the demand for automotive filters.

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Brake dust filters are yet to be commercialized at a larger scale. It is installed above the brake disc and brake pads to capture the particles emitted during the braking process. The brake dust contributes significantly toward the particulate pollution. More than 90% of the brake dust consists of ultra-fine particles which have a negative effect on human health. The adoption rate of brake dust filter is estimated to be higher in Europe and North America region as these regions are known for the early adoption of emission norms. Brake dust filters will have a huge impact in the automotive filters market as these are used to reduce pollution.

The diesel fuel filters market is estimated to be the fastest growing fuel filters market during the forecast period. Diesel filters are mostly used in LCVs and HCVs as most of the vehicles from the commercial vehicle segment are diesel powered. However, based on recent trends, the demand for diesel engines has increased in passenger cars, resulting in an increase in demand for passenger car fuel filter. More than 97% of HCVs are equipped with a diesel engine across the region. North America is growing at a fast pace for the diesel filter segment. This is fueled by the fact that the US has a target of 54.5 mpg by 2025, which can be met only by increasing the number of diesel passenger cars on road. Diesel fuel filters market offers huge opportunities for Automotive filters manufacturers. They can focus on developing advanced diesel fuel filters to capture the market.

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Electrostatic cabin filters market is estimated to be the fastest growing market during the forecast period, by value. In the present scenario, the market for electrostatic cabin filter is at a nascent stage. These filters protect against microscopic particles of dust, allergens, harmful gasses, and bacteria to provide the cleanest air possible inside the vehicle. These filters are mostly installed in premium vehicles. Hence, European and North American markets are estimated to lead the market for electrostatic filters as these two regions are known for the production of premium vehicles. Cabin filters manufacturers can exploit this opportunity and can focus on Europe and North America regions. Filter manufacturers who are not into the electrostatic cabin filters market can start focusing on manufacturing these filters.

With factors such as growing passenger car parc and LCVs and the increasing average miles driven every year compared to other regions, the automotive filters aftermarket for North America is estimated to be the largest market. Asia Oceania is estimated to be the fastest growing market, by value, during the forecast period owing to the second largest vehicle parc in the world and increasing the sales of ICE and electric and hybrid vehicles across the region. North America and Asia Oceania regions are offering huge opportunities for the manufacturers of all types of automotive filter. Manufacturer from these regions can tap these opportunities by developing advanced filter types with higher replacement miles. Manufacturers from other regions can expand their market through joint ventures or mergers and acquisitions with the local players.

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“North America is estimated to be the largest market owing to large vehicle parc and increasing average miles driven every year”

The North American region is estimated to be the largest automotive filters aftermarket during the forecast period, in terms of value. The market growth in the region can be attributed to the large vehicle parc and the highest average miles driven every year as compared to other regions. Also, the increasing sales of HEVs in the region will have a huge impact as these are contributing to the overall vehicle parc of the region.

The key companies profiled in the study are MANN+HUMMEL (Germany), Donaldson (US), Robert Bosch (Germany), MAHLE (Germany), Sogefi (Italy), Denso (Japan), Ahlstrom-Munksjö (Sweden), ACDelco (US), Hengst (Germany), and K&N Engineering (US).

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their pain points around revenues decisions.

MarketsandMarkets flagship competitive intelligence and market research platform, "Knowledge store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
 Mr. Shelly Singh
 MarketsandMarkets™ INC. 
 630 Dundee Road 
 Suite 430 
 Northbrook, IL 60062 
 USA: 1-888-600-6441 
 sales@marketsandmarkets.com

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