The Automotive filter market size is projected to reach US$ 14.76 billion by 2031 from US$ 11.81 billion in 2023. The market is expected to register a CAGR of 2.83% in 2023–2031. The increased government regulations as well as significant investment from leading filter manufacturers in emission reduction is propelling the growth of automotive filters market in the current scenario.
Automotive Filter Market Analysis
North American Free Trade Agreement (NAFTA) signed an agreement between the US, Canada, and Mexico. This agreement reduced majority tariff and non-tariff barriers for free trade and investment among these three countries. The agreement further helped to increase the trade and investment level across North American countries. North America is a well-developed economy and the individuals have high disposable incomes owing to the high per capita income of the country. The U.S. and Canada have a high density of commercial vehicles. Pertaining to the high disposable income among the end users, and North American Free Trade Agreement between the US, Canada, and Mexico has led the regions to experience a substantial rise in commercial vehicles. The constant rise in trucks, trailers, buses, and other heavy-duty vehicles is anticipated to catalyze the demand for automotive filters in North American countries.
Automotive Filter Market Overview
The global automotive filters market is expected to witness promising growth during the forecast period of 2023 to 2031. As disposable income is increasing, the premium and luxury car segment is witnessing impressive growth in sales, which is one of the major factors driving the market growth. In addition to these factors, the rising number of stringent regulations and compliance requirements are also expected to drive the demand.
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Automotive Filter Market: Strategic Insights
Market Size Value in US$ 3,570.0 Million in 2018 Market Size Value by US$ 5,383.8 Million by 2027 Growth rate CAGR of 5.0% from 2019-2027 Forecast Period 2019-2027 Base Year 2019
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Automotive Filter Market: Strategic Insights
| Market Size Value in | US$ 3,570.0 Million in 2018 |
| Market Size Value by | US$ 5,383.8 Million by 2027 |
| Growth rate | CAGR of 5.0% from 2019-2027 |
| Forecast Period | 2019-2027 |
| Base Year | 2019 |
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Automotive Filter Market Drivers and Opportunities
Government regulations toward reduction of emissions
The automotive filters are developed and designed to restrict the entry of fine dirt particles such as exhaust fumes, pollens, bacteria, and others into the automotive carburetor and engine. The application of these filters further reduces the air pollutants that are emitted by the automotove engines, which results in, extends the service life of the vehicle, and reduces the maintenance cost. The emission bodies and governments around the world are imposing stringent emission laws for the vehicles that releases hazardous gases such as carbon monoxide (CO), nitrogen oxide (NOx), hydrocarbons (HC), and others. For instance, the Environmental Protection Agency (EPA) in the U.S. has amended standards such as fuel economy standards for the LCVs and national program for greenhouse gas emissions (GHG).
In addition, drivers, in today's time, feel the impact of increasing oil prices every day at the pump, due to which the gasoline is becoming considerably expensive and the call for effective solutions for reducing fuel consumption is growing stronger. Some of the leading filter manufacturers have developed unique and wide-ranging seal-based solution for emissions reduction in utility vehicles and passenger. For instance, Freudenberg Filtration Technologies SE & Co. KG has developed the Filtration Technologies that contribute to the effective reduction of CO2 emissions through its fully synthetic micronAir engine intake air filters that help in protecting valuable resources. Further, the increasing pressure losses of engine intake air filters are leading to increased energy demand at the same output and as filter resistance increases owing to dust deposits, the fuel consumption and CO2 emissions are also increasing. Thus, high-performance filter media, engine air filter offer outstanding filtration properties and energy efficiency values which are further ensuring reduction in emission from the vehicles.
Automotive Filter Market Report Segmentation Analysis
Key segments that contributed to the derivation of the Automotive filter market analysis are type, and vehicle type.
- Based on type, the automotive filter market is subsegmented into fuel filter, engine oil filter, engine air filter, cabin air filter, coolant air filter, steering oil filter. The engine air filter segment held a larger market share in 2023.
- Based on vehicle type, the electric powertrain market is categorized into passenger car, light commercial vehicle, heavy commercial vehicle. The passenger cars segment held the largest share of the market in 2023.
Automotive Filter Market Analysis by Geography
The geographic scope of the Automotive filter market report is mainly divided into five regions: North America, Europe, Asia Pacific, Middle East & Africa, and South America.
In APAC, China is the largest market owing to its leading automotive market. Also, the growing automotive component sales will propel the demand for automotive filters. The increasing technological adoption and increasing demand for using unpowered trailers and caravans would accelerate the automotive filter market growth. Furthermore, the automotive vehicle demand in APAC, together with the growing passenger cars and commercial vehicle production in China and other countries, would enable the automotive filter manufacturers to increase their presence in this region.
Automotive Filter Market Report Scope
Automotive Filter Market News and Recent Developments
The automotive filter market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market for automotive filter market and strategies:
- On April 2024, Ahlstrom introduced a new dual-layer filter media technology, available globally, that represents a leap forward in filtration and is a perfect solution to comply with future market needs. The dual-layer design offers up to double dust holding capacity compared to the single-layer design, as each layer serves a distinct purpose to optimize the overall retention of particles in the depth of the material. (Source: DJI, Press Release/Company Website/Newsletter)
- On April 2023, Ahlstrom introduces a new range of renewable and sustainable filtration solutions for automotive applications. Ahlstrom ECO™ is a technology supporting the increasing sustainability demands of the global transportation market and offering a new choice for filter manufacturers. (Source: Flyability, Press Release/Company Website/Newsletter)
Automotive Filter Market Report Coverage and Deliverables
The “automotive filter market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Market dynamics such as drivers, restraints, and key opportunities
- Key future trends
- Detailed Porter’s Five Forces analysis
- Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
- Detailed company profiles with SWOT analysis
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type ; Vehicle Type
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, South Africa, South Korea, Turkey, United Kingdom, United States
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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