One of the major opportunities for the automotive filters market is the increase in pollution. The exhaust emission from the vehicle contains hazardous pollutants that are harmful to one's health. The government and its agencies are working hard to reduce the impact of this problem as much as possible. Companies such as MANN+HUMMEL are developing Nanofiber technology for automobile filters. As market players shift toward sustainable energy, they are also paying attention to the air quality. This nanofiber technology can trap microbial as small as 10 nm and could be used in cabin filters as well as engine filters. These are the certain factors which propel the market growth.
According to Data Bridge Market Research the Automotive Filters Market accounted for USD 19.60 billion in 2021, and expected to reach USD 28.96 billion by 2029. The market is expected to grow with a CAGR of 5.00% in the forecast period of 2022 to 2029.
“Increasing Vehicles on Road Facilitate Market Growth”
Existing vehicles on the road and new vehicle production are expected to drive filter market growth. Automakers have constantly been working on technologies that can assist automotive manufacturers in reducing carbon emissions in vehicles while increasing overall vehicle performance. As people become more environmentally conscious, they prefer to drive electric vehicles that only use cabin filters. Battery filters is a new segment introduced by the filters application. They are used in electric vehicles for ventilation and battery thermal control. The increased demand for electric vehicles is expected to increase the overall share of air filters.
What restraints the growth of Automotive Filters market?
“Availability of low-quality filters”
The availability of low-quality filters, which cause engine degradation, is expected to hamper the market growth. Furthermore, issues with emission standard harmonization are expected to pose a challenge to the automotive filters market during the forecast period of 2022-2029.
“Surge in adoption of battery electric vehicles”
Consumers have shifted toward battery/plug-in vehicles in recent years due to the fact that these vehicles do not use fuels such as petrol, diesel, and gasoline. Furthermore, low maintenance costs reduce overall expenses, increasing the demand for electric vehicles, which in turn drives the growth of the automotive filters market. Because electric vehicles do not use any type of fuel or oil, the need for oil and fuel filters is eliminated, which is expected to stifle market growth.
Segmentation: Automotive Filters Market
The automotive filters market is segmented on the basis of product, product type and end-user.
- On the basis of product, the automotive filters market is classified into
conventional automotive filters, robotic automotive filters.
- On the basis of product type, the automotive filters market is classified into cases and boxes, bags and sacks, pails and drums, trays and crates, bundles.
- On the basis of end-user, the automotive filters market is classified into food and beverage pharmaceuticals, personal care and cosmetics, chemicals, others.
Regional Insights: Asia-Pacific is expected to dominate the Automotive Filters Market
Asia-Pacific is expected to dominate the market as a result of increased automotive production in countries such as India, China, and Japan. Furthermore, the region's demand for automotive filters is expected to be driven by stringent government regulations governing vehicular emissions.
In addition, the Europe region is likely to register the highest growth rate during the forecast period of 2022 to 2029 due to high demand from the U.S.
To know more about the study visit, https://www.databridgemarketresearch.com/reports/global-automotive-filters-market
The Prominent Key Players Operating in the Automotive Filters Market Include:
- ACEA (Belgium)
- Japan Automobile Manufacturers Association, Inc. (Japan)
- ACMA India (India)
- Mahindra & Mahindra Ltd. (India)
- Tata Motors (India)
- TOYOTA MOTOR CORPORATION (Japan)
- HYUNDAI MOTOR GROUP (South Korea)
- Ford Motor Company (U.S.)
- Volkswagen AG (Germany)
- K&N Engineering, Inc. (U.S.)
- Hengst SE (Germany)
- WHI Solutions, Inc. (U.S.)
- Ahlstrom-Munksjö (Finland)
- DENSO CORPORATION. (Japan)
- Sogefi SpA (Italy)
- Robert Bosch GmbH (Germany)
- Donaldson Company, Inc. (Germany)
- MANN+HUMMEL (Germany)
- Kavo Parts (Netherlands)
Above are the key players covered in the report, to know about more and exhaustive list of automotive filters market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: Global Automotive Filters Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
