Automotive Filters Market Trends 2023 | Size, Share, Growth and Forecast 2028
Posted on 31 March, 2023 by Marcel Mikaelson
According to the latest report by IMARC Group, titled, “Automotive Filters Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“, Offers a comprehensive analysis of the industry, which comprises insights on the automotive filters market trends. The global automotive filters market size reached US$ 22.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 28.7 Billion by 2028, exhibiting a growth rate (CAGR) of 4.3% during 2023-2028.
Automotive filters comprise several filters, such as oil, cabin, fuel, steering, coolant, and air, and are designed to remove dirt, rust, and debris from various fluids and gases in a car system. They offer improved safety and driving experience by operating in a smooth manner, preventing health problems, and decreasing foul-smelling gases. They assist in enhancing the shelf life of the vehicle and engine and increasing fuel efficiency and power output while reducing carbon dioxide (CO2) emissions. As automotive filters also aid in improving the heating, ventilation, and air conditioning (HVAC) system, they are widely utilized in passenger and commercial cars around the world.
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Automotive Filters Market Trends and Drivers:
Presently, the rising demand for automotive filters due to the high filter replacement rate in sport utility vehicles (SUVs) and luxury vehicles represents one of the key factors strengthening the market growth. Apart from this, governing agencies of numerous countries are implementing stringent regulations to reduce harmful emissions from vehicles, which is bolstering the growth of the market. Moreover, the rising preference of consumers towards fuel-efficient solutions and the need to lower carbon footprints across the globe are offering a lucrative growth opportunity to industry players. Furthermore, the increasing demand for automotive filters, as they eliminate entry of solid dust particles, such as pollen and bacteria in the engine, is supporting the growth of the market.
Automotive Filters Market Report 2023-2028 Competitive Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
- Cummins Inc.
- DENSO Corporation
- Donaldson Company Inc.
- General Motors Company
- Hengst SE
- Hollingsworth & Vose Company
- K & N Engineering Inc.
- Lydall Inc.
- MAHLE GmbH
- MANN+HUMMEL GmbH
- Parker-Hannifin Corporation
- Robert Bosch GmbH
- Sogefi SpA.
The report has segmented the market based on media type, filter type, distribution channel and vehicle type.
Breakup by Media Type:
- Cellulose
- Fiberglass
- Others
Breakup by Filter Type:
- Air Filters
- Fuel Filters
- Hydraulic Filters
- Oil Filters
- Steering Filters
- Coolant Filters
- Others
Breakup by Distribution Channel:
- OEM
- Aftermarket
Breakup by Vehicle Type:
- Commercial Vehicles
- Passenger Vehicles
- Others
Breakup by Region:
- North America
- Asia-Pacific
- Europe
- Latin America
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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