Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 15.69 Billion | USD 28.58 Billion | 6.89% | 2023 |
Zion Market Research has published a report on the global Air Filters Market, estimating its value at USD 15.69 Billion in 2023, with projections indicating that it will reach USD 28.58 Billion by 2032. The market is expected to expand at a compound annual growth rate (CAGR) of 6.89% over the forecast period 2024-2032. The report explores the factors fueling market growth, the hitches that could hamper this expansion, and the opportunities that may arise in the Air Filters industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.
Owing to increasing air pollution and the rapid spread of airborne diseases, the global air filter market is proliferating throughout the globe. The air filters are devices that are multi-layered in order to filter impure air. Air filters are made of many layers of cotton, polyester films, paper, woven or knitted fabrics, and synthetic organic material. The filters are manufactured and designed as such to protect from the contaminants present in the air. The air filters are required in a number of areas such as ventilation, heating and air conditioning systems, gas turbine air filtration, industrial air filtration, clean room filtration, gas turbine air filtration, and locomotive air filtration for cabin and engine air intake.
The increasing growth in the automotive industry is the main factor for the growth observed in the global air filter market. The improved standards of living and high disposable income of the people attribute to the global air filters market.
The global air filters market is segmented on the basis of type, market, filter media, vehicle type, and region. All the segments have been analyzed based on present and future trends and the market is estimated from 2024 to 2032.
The type is further segmented into cabin and intake.
The market segment is bifurcated into aftermarket and OE.
The filter media segment is categorized into cabin filter and intake filter. The cabin filters help prevent harmful particles from entering the vehicle whereas the intake filters exhaust gas components and are combustion efficient. Thus, there is a boost to the growth of the cabin and intake filter market. The cabin filter is further sub-segmented into particle filter and activated carbon filter. The intake filter segment is bifurcated into cellulose filter and synthetic filter.
The vehicle type segment is further bifurcated into LCV, off-highway, passenger car, and HCV. The region segment is further segmented into Europe, Asia Pacific, North America, and the Rest of the World.
Region-wise, the global market is segregated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Report Attributes | Report Details |
---|---|
Report Name | Air Filters Market |
Market Size in 2023 | USD 15.69 Billion |
Market Forecast in 2032 | USD 28.58 Billion |
Growth Rate | CAGR of 6.89% |
Number of Pages | 110 |
Key Companies Covered | Mahle GmbH, Affinia Group Inc., Mann+Hummel Group, Donaldson Company Inc. The other key players in the global market are the Society of Indian Automotive Manufacturers, and Japan Automotive Manufacturers Association, among others |
Segments Covered | By Type, By Market, By Filter Media, By Vehicle Type And By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The countries in Asia-Pacific such as India, China, South Korea, and Japan are the regions that are the highest producers of air filters. Thus, Asia-Pacific is estimated to be the largest market in the global air filters market. China is leading the global air filters market and is one of the largest contributors to the global market. Other regions such as the US, Germany, Mexico, Brazil, and Indonesia contribute to the growth of the global market. A rapid growth in the automotive air filters market in India is expected to grow in the coming years. The global market is dominated by Asia-Pacific due to industrialization in addition to the economic growth in this region.
Some main participants of the Air Filters market are-
The other key players in the global market are-
Global Air Filters Market: By Type Analysis
Global Air Filters Market: By Market Analysis
Global Air Filters Market: Filter Media Type Analysis
Global Air Filters Market: The Vehicle Type Analysis
FrequentlyAsked Questions
The increasing growth in the automotive industry is the main factor for the growth observed in the global air filters market. The improved standards of living and high disposable income of the people attribute the global air filters market.
According to Zion Market Research, global Air Filters Market, estimating its value at USD 15.69 Billion in 2023, with projections indicating that it will reach USD 28.58 Billion by 2032.
The countries in Asia-Pacific such as India, China, South Korea and Japan are the regions that are the highest producers of air filters. Thus, Asia-Pacific is estimated to be the largest market in the global air filters market.
Some main participants of the Air Filters market are Mahle GmbH, Affinia Group Inc., Mann+Hummel Group, Donaldson Company Inc. The other key players in the global market are Society of Indian Automotive Manufacturers and Japan Automotive Manufacturers Association, among others.
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