Press release
The Growing Importance of Automotive Filters in Today's Market and Future Forecast to 2023
Automotive Filters Market 2023-2033
The global automotive filters market is set to enjoy a valuation of US$ 15.79 Billion in 2023, and further expand at a CAGR of 5.8% to reach US$ 27.75 Billion by the year 2033. The automotive filters market has witnessed significant growth in recent years, primarily driven by the increasing demand for automobiles, stringent emission regulations, and the need for improved fuel efficiency. The market encompasses various types of filters, including oil filters, fuel filters, air filters, and cabin filters.
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The automotive filters market plays a crucial role in maintaining the performance and longevity of vehicles by ensuring the cleanliness of fluids and air entering various systems. Filters are essential components used in automobiles to prevent contaminants from entering the engine, fuel system, transmission, and cabin. This research report provides an in-depth analysis of the automotive filters market, including market size, growth prospects, key trends, competitive landscape, and future outlook.
Market Dynamics
Drivers
• Increasing vehicle production and sales globally
• Stringent emission regulations and the need for compliance
• Growing consumer awareness regarding vehicle maintenance
• Technological advancements in filter materials and designs
• Rising demand for fuel-efficient vehicles
Restraints
• Fluctuating prices of raw materials
• Growing popularity of electric vehicles reducing the demand for certain filters
• Availability of counterfeit filters in the aftermarket
Market Key Players
Important Manufacturers for Automotive Filters Market are
• Mahle GmbH
• Donaldson Company Inc.
• Robert Bosch GmbH
• FRAM Group IP LLC
• Sogefi S.p.A
• Mann+Hummel GmbH
• Alco Filter Ltd.
• Ahlstrom Corporation
• Airmatic Filterbau GmbH
• Denso Corportaion
• Cummins Inc.
• EuroGIELLE S.r.l
• Freudenberg & Co. KG and more
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Market Segmentation
The automotive filters market can be segmented based on the type of filter, vehicle type, sales channel, and region.
Filter Type
• Oil Filters: These filters are designed to remove contaminants from engine oil, ensuring smooth engine operation and prolonging the engine's life.
• Fuel Filters: Fuel filters are used to remove impurities and debris from the fuel before it reaches the engine, protecting fuel injectors and other components.
• Air Filters: Air filters are responsible for removing dust, pollen, and other particles from the air entering the engine, ensuring optimal combustion and reducing engine wear.
• Cabin Filters: Cabin filters are used to purify the air entering the vehicle's cabin, providing clean and fresh air for the occupants.
Vehicle Type
• Passenger Cars: Filters for passenger cars represent a significant portion of the market, driven by the increasing vehicle ownership and consumer awareness regarding maintenance.
• Commercial Vehicles: Commercial vehicles, including trucks and buses, require robust filtration systems to withstand heavy-duty operations and ensure the longevity of the vehicle's components.
Sales Channel
• Original Equipment Manufacturers (OEMs): Filters are installed in vehicles during the manufacturing process, and OEMs supply them directly to automakers.
• Aftermarket: The aftermarket segment includes the sale of filters through distributors, retailers, and e-commerce platforms for replacement purposes.
Regional Analysis
The automotive filters market can be analyzed across various regions, including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Each region has unique market dynamics influenced by factors such as economic development, vehicle production, and environmental regulations.
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Recent Developments
• Mann+Hummel:
In 2022, Mann+Hummel announced the acquisition of the air filtration business of Affinia Group Holdings Inc., further strengthening its presence in the automotive air filtration segment.
The company introduced new cabin air filters with advanced allergen filtration technology, providing improved air quality for vehicle occupants.
• Donaldson Company:
Donaldson Company launched the PowerCore Edge engine air filtration system, which offers superior filtration efficiency, reduced restriction, and increased service life. The system is designed to meet the filtration requirements of modern engines.
The company expanded its manufacturing capabilities in Asia, including the construction of a new filtration production facility in Thailand, to cater to the growing demand in the region.
• Mahle GmbH:
Mahle introduced innovative oil filters with advanced filtration media, providing better protection against engine wear and improved oil cleanliness.
The company collaborated with other automotive industry leaders to develop innovative filtration solutions for electric vehicles, addressing the specific filtration needs of EV components.
• Denso Corporation:
Denso developed a new generation of fuel filters with enhanced filtration performance and reduced pressure drop, contributing to improved fuel efficiency and reduced emissions.
The company expanded its production capacity for air filters in North America to meet the growing demand in the region.
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About PMR - Automotive and Transportation
The Automotive and Transportation division of PMR provides exclusive coverage and actionable insights about the automotive and transportation industry encompassing the automotive, aviation, shipping and marine, and railway sectors. Market findings and competition intelligence of OEM, aftermarket, services, and technology landscape have helped numerous industry stakeholders' right from automakers, component manufacturers, channel partners, and service providers in taking informed decisions and keeping them up-to-date with market behaviour.
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