Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 8.75 Billion | USD 13.30 Billion | 4.76% | 2023 |
According to a report from Zion Market Research, the global Automotive Air Filters Market was valued at USD 8.75 Billion in 2023 and is projected to hit USD 13.30 Billion by 2032, with a compound annual growth rate (CAGR) of 4.76% during the forecast period 2024-2032. This report explores market strengths, weakness, opportunities, and threats. It also provides valuable insights into the market's growth drivers, challenges, and the future prospects that may emerge in the Automotive Air Filters industry over the next decade.
The report offers an assessment and analysis of the Automotive Air Filters market on a global and regional level. The study offers a comprehensive assessment of the market competition, constraints, sales estimates, opportunities, evolving trends, and industry-validated data. The report offers historical data from 2018 to 2022 along with a forecast from 2024 to 2032 based on revenue (USD Billion).
Automotive air filters are the equipment comprising of fibrous substances that assist in the removal of solid particles including pollen, bacteria, mold, and dust from the air that is consumed. Apparently, the chemical air filter kind includes an absorbent or catalyst that assists in the removal of pollutants such as volatile organic compounds from the air.
In addition to this, these products are utilized where high air quality and good ventilation facility is a necessity & requirement. Citing the instance, the locations where the products are used include chemical factories and manufacturing units as well as coal units. Furthermore, automotive air filters are available in myriad shapes such as rectangular forms as well as shapes like that of air combustion filters.
Report Attributes | Report Details |
---|---|
Report Name | Automotive Air Filters Market |
Market Size in 2023 | USD 8.75 Billion |
Market Forecast in 2032 | USD 13.30 Billion |
Growth Rate | CAGR of 4.76% |
Number of Pages | 110 |
Key Companies Covered | Mahle GmbH, Neenah Paper Inc., Clarcor, Inc., Hengst SE, Mann+Hummel GMBH, Donaldson Company, Inc., AC Delco Inc., K&N Engineering, Inc., Parker Hannifin Corporation, Hollingsworth & Vose Co. Inc., Cummins Inc., Sogefi Group, Robert Bosch GmbH, Ahlstrom Corporation, Freudenberg & Co.KG, Denso Corporation, and Lydall Inc |
Segments Covered | By Product, By Application, By End-Use, 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 |
Escalating consciousness pertaining to immense health issues in various industries will impel the market surge over the forecast timeline. The thriving automotive sector in BRIC countries and strict implementation of emission laws will further proliferate the business space over the coming years. Apparently, the presence of reputed regulatory authorities such as EPA in the U.S. will further drive the market trends. The rise in passenger transport in various developed countries and the need for enhancing the quality of air intake in cabins & engines of the vehicle for improving the comfort of the passengers will further steer the industry growth. Furthermore, the need for environmental protection and the requirement of preventing global warming effects on the earth will catapult the market progress in the forthcoming years.
In addition to this, massive use of automotive air filters in light & heavy commercial vehicles, passenger vehicles, and two-wheelers will further prompt the automotive air filter industry over the forecast timespan.
The automotive air filters market is segmented by type, vehicle type, end-user, and region.
In terms of type, the market is divided into engine air filters and cabin air filters. Engine air filters protect the engine from contaminants, while cabin air filters enhance air quality inside the vehicle.
By vehicle type, the market is segmented into passenger cars, light commercial vehicles (LCVs), and heavy commercial vehicles (HCVs), with passenger cars being the largest segment due to high vehicle ownership.
The end-user segment includes OEMs (Original Equipment Manufacturers) and aftermarket customers, with a strong demand for aftermarket filters driven by regular replacement needs.
Geographically, the market is segmented into North America, Europe, Asia-Pacific, and Rest of the World, with Asia-Pacific leading due to the large automotive production base and rising vehicle sales.
The Asia Pacific To Attain Leading Position In Global Market During 2024-2032
The regional market growth over the forecast timeline is owing to a rapid surge in the automotive sector in the countries like China, Japan, Indonesia, and India. In addition to this, huge presence of major vehicle producers including Toyota, Hyundai, Honda, Tata, Suzuki, and Chery.
Key participants profiled in the market include
FrequentlyAsked Questions
Thriving automotive sector in BRIC countries and strict implementation of emission laws will steer the market growth over the coming years.
The CAGR of the industry is expected to be nearly over 4.76% during the forecast timeline.
Asia Pacific will contribute remarkably towards the global market share over the estimated timeline.
The key market players include Mahle GmbH, Neenah Paper Inc., Clarcor, Inc., Hengst SE, Mann+Hummel GMBH, Donaldson Company, Inc., AC Delco Inc., K&N Engineering, Inc., Parker Hannifin Corporation, Hollingsworth & Vose Co. Inc., Cummins Inc., Sogefi Group, Robert Bosch GmbH, Ahlstrom Corporation, Freudenberg & Co.KG, Denso Corporation, and Lydall Inc.
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