October 10, 2024

Automotive Filter Market Predicted to Reach US$ 28 billion by 2030: Precedence Research

The automotive filter market was exceeded US$ 21.5 billion in 2020 and is projected to reach US$ 28 billion by 2030, expanding at an annual CAGR of 4.7 percent, according to a 2021 study by Precedence Research, the Canada-based market Insight Company. The report contains 150+ pages with detailed analysis.

The base year for the study has been considered 2021, the historic year 2019 and 2020, the forecast period considered is from 2021 to 2030. The dairy products market is analyzed on the basis of value (US$ Million), volume (Unit), and price (US$/Unit).

Automotive vehicle facilitates smooth functioning of the engines by eliminating harmful dust particles from the engines and hence improves the vehicle performance. The growing demand for the automotive vehicles is augmenting the automotive filter market. Rising personal disposable income and rise in the standard of living in the developed countries had significantly contributed to the market growth in the past. Rising fuel prices have fostered the demand for the efficient automotive filter among the consumers.

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Market Report Scope

Market ScopeDetails
Market SizeUSD 28 Billion by 2030
Growth RateCAGR of 4.7% From 2021 to 2030
Base Year2020
Historic Data2017 to 2020
Forecast Period2021 to 2030
Segments CoveredFilter, Vehicle, Distribution Channel

Competition Landscape

In the final section of the research report, Precedence Research provided the global automotive filter market structure and a detailed competition landscape to provide a dashboard view of key players operating in the automotive filter market along with their business strategies to report audiences. This section is primarily designed to provide clients with an objective and detailed comparative assessment of the key providers specific to a market segment in the value chain of the market.

Some of the major players in the automotive filter market include:

  • Robert Bosch GmbH
  • MAHLE GmbH
  • Toyota
  • K & N Engineering
  • DENSO Corporation
  • Sogefi
  • General Motors
  • Valeo SA
  • MANN + HUMMEL International
  • Hengst SE

Crucial factors accountable for market growth are:

  • Increased production of vehicles
  • Rising demand for luxury vehicle
  • Technological advancement in the automotive filters
  • New product launches by the players
  • Government regulations to reduce carbon footprint
  • Growing demand for commercial vehicles in developing markets
  • Development of automotive filter from lightweight materials
  • Rising health awareness

Report Highlights

  • Cabin air filter segment led the global automotive filter market with remarkable revenue share in 2020. Rising adoption of passenger vehicles and growing health consciousness among the population are uplifting the segment growth.
  • By vehicle type, the commercial segment held the major revenue share in the global automotive filter market in 2020 owing to the higher demand and the growing investment on urbanization, infrastructure, and industrialization.
  • By distribution channel, the aftermarket segment held the major revenue share in the global automotive filter market in 2020 owing to its increased penetration in the developed markets of North America and Europe.

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Regional Snapshots

North America is the dominating automotive filter market. The increased disposable income, higher demand for passenger vehicles, higher demand for luxury vehicles, presence of top OEMs, and developed infrastructure has fueled the growth of the automotive filter market in the region. Moreover, North America is a matured market for automotive filters. The population in US has higher demand for personal means of transport due to the less availability of public transport has perfectly fostered the automotive filter market in the region.

Asia Pacific is the most opportunistic market, owing to the factors such as increased investments on developing infrastructure and connectivity, rising middle class, growing demand for vehicles, rapid urbanization, and rapid industrialization.

Market Dynamics

Drivers

Strict government regulations for reducing carbon footprint are a primary factor augmenting the demand for the automotive filter. The automotive filters improves the vehicle performance by protecting the engine from malfunctioning and also increases fuel efficiency of the vehicle. Furthermore, the rising prices of gasoline are positively driving the market growth. In order to reduce carbon footprint and control fuel consumption, the manufacturers are investing in the production of advanced automotive filters.

Restraints

One of the major restraints hampering the growth of the automotive fuel market is the growing adoption of electric vehicle.Growing environmental concerns have led to the growth of the electric vehicles. Therefore, the world is planning to shift to the electric vehicles in order to reduce carbon emission from vehicles and for the safety of the environment. Hence, the rapid growth and adoption of electric vehicles is retraining the growth of the automotive filter market across the globe.

Opportunities

The heavy investments by the automotive filter market players in developing advance filter technology are expected to provide growth opportunities in the upcoming future. The filter media protects from dust and metal particles. In the forthcoming years, there will be a huge market for the odor and dust filter. Moreover, the development of synthetic media will enhance fuel consumption and lower carbon emission. These technological enhancements will augment the automotive filter market in the forthcoming years.

Challenges

The upsurge in the demand for the installation of non-replaceable filters poses a great challenge to the growth of the automotive filter market. The non-replaceable filters can be used for a longer time period as it is washable. Moreover, the availability of non-replaceable filters in the aftermarket is further hampering the growth of the automotive filter. The presence of unauthorized aftermarket is a much bigger challenge, especially in the developing markets like India and China.

Market Segmentation

By Filter Type

  • Fuel Filter
  • Engine Oil Filter
  • Cabin Air Filter
  • Steering Filter
  • Engine Air Filter
  • Others

By Vehicle Type

  • Passenger Vehicle
  • Commercial Vehicle

By Distribution Channel

  • OEM
  • Aftermarket

Regional Segmentation

– North America (U.S. and Canada)

 – Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)

 – Asia-Pacific (China, Japan, India, Southeast Asia and Rest of APAC)

 – Latin America (Brazil and Rest of Latin America)

– Middle East and Africa (GCC, North Africa, South Africa, Rest of MEA)

Research Methodology

Secondary Research

It involves company databases such as Hoover’s: This assists us recognize financial information, structure of the market participants and industry competitive landscape.

The secondary research sources referred in the process are as follows:

  • Governmental bodies, and organizations creating economic policies
  • National and international social welfare institutions
  • Company websites, financial reports and SEC filings, broker and investor reports
  • Related patent and regulatory databases
  • Statistical databases and market reports
  • Corporate Presentations, news, press release, and specification sheet of Manufacturers

Primary Research

Primary research includes face-to-face interviews, online surveys, and telephonic interviews.

  • Means of primary research: Email interactions, telephonic discussions and

Questionnaire-based research etc.

  • In order to validate our research findings and analysis we conduct primary interviews of key industry participants. Insights from primary respondents help in validating the secondary research findings. It also develops Research Team’s expertise and market understanding.

Most Asked Questions –

What was the market size value of the automotive filter in 2020?

What is the expected market size by 2030?

What is the automotive filter market growth?

What are the key factors that positively influence market growth?

Who are the prominent players in the automotive filter market?

Why should you invest in this report?

If you are aiming to enter the global automotive filter market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for automotive filter are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2021-2030, so that you can plan your strategies to enter this market accordingly.

Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.

TABLE OF CONTENT

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. Market Dynamics Analysis and Trends

5.1. Market Dynamics

5.1.1. Market Drivers

5.1.2. Market Restraints

5.1.3. Market Opportunities

5.2. Porter’s Five Forces Analysis

5.2.1. Bargaining power of suppliers

5.2.2. Bargaining power of buyers

5.2.3. Threat of substitute

5.2.4. Threat of new entrants

5.2.5. Degree of competition

Chapter 6. Competitive Landscape

6.1.1. Company Market Share/Positioning Analysis

6.1.2. Key Strategies Adopted by Players

6.1.3. Vendor Landscape

6.1.3.1. List of Suppliers

6.1.3.2. List of Buyers

Chapter 7. Global Automotive Filter Market, By Filter

7.1. Automotive Filter Market, by Filter Type, 2021-2030

7.1.1. Fuel Filter

7.1.1.1. Market Revenue and Forecast (2017-2030)

7.1.2. Engine Oil Filter

7.1.2.1. Market Revenue and Forecast (2017-2030)

7.1.3. Cabin Air Filter

7.1.3.1. Market Revenue and Forecast (2017-2030)

7.1.4. Steering Filter

7.1.4.1. Market Revenue and Forecast (2017-2030)

7.1.5. Engine Air Filter

7.1.5.1. Market Revenue and Forecast (2017-2030)

7.1.6. Others

7.1.6.1. Market Revenue and Forecast (2017-2030)

Chapter 8. Global Automotive Filter Market, By Vehicle

8.1. Automotive Filter Market, by Vehicle, 2021-2030

8.1.1. Passenger Vehicle

8.1.1.1. Market Revenue and Forecast (2017-2030)

8.1.2. Commercial Vehicle

8.1.2.1. Market Revenue and Forecast (2017-2030)

Chapter 9. Global Automotive Filter Market, By Distribution Channel 

9.1. Automotive Filter Market, by Distribution Channel, 2021-2030

9.1.1. OEM

9.1.1.1. Market Revenue and Forecast (2017-2030)

9.1.2. Aftermarket

9.1.2.1. Market Revenue and Forecast (2017-2030)

Chapter 10. Global Automotive Filter Market, Regional Estimates and Trend Forecast

10.1. North America

10.1.1. Market Revenue and Forecast, by Filter (2017-2030)

10.1.2. Market Revenue and Forecast, by Vehicle (2017-2030)

10.1.3. Market Revenue and Forecast, by Distribution Channel (2017-2030)

10.1.4. U.S.

10.1.4.1. Market Revenue and Forecast, by Filter (2017-2030)

10.1.4.2. Market Revenue and Forecast, by Vehicle (2017-2030)

10.1.4.3. Market Revenue and Forecast, by Distribution Channel (2017-2030)

10.1.5. Rest of North America

10.1.5.1. Market Revenue and Forecast, by Filter (2017-2030)

10.1.5.2. Market Revenue and Forecast, by Vehicle (2017-2030)

10.1.5.3. Market Revenue and Forecast, by Distribution Channel (2017-2030)

10.2. Europe

10.2.1. Market Revenue and Forecast, by Filter (2017-2030)

10.2.2. Market Revenue and Forecast, by Vehicle (2017-2030)

10.2.3. Market Revenue and Forecast, by Distribution Channel (2017-2030)

10.2.4. UK

10.2.4.1. Market Revenue and Forecast, by Filter (2017-2030)

10.2.4.2. Market Revenue and Forecast, by Vehicle (2017-2030)

10.2.4.3. Market Revenue and Forecast, by Distribution Channel (2017-2030)

10.2.5. Germany

10.2.5.1. Market Revenue and Forecast, by Filter (2017-2030)

10.2.5.2. Market Revenue and Forecast, by Vehicle (2017-2030)

10.2.5.3. Market Revenue and Forecast, by Distribution Channel (2017-2030)

10.2.6. France

10.2.6.1. Market Revenue and Forecast, by Filter (2017-2030)

10.2.6.2. Market Revenue and Forecast, by Vehicle (2017-2030)

10.2.6.3. Market Revenue and Forecast, by Distribution Channel (2017-2030)

10.2.7. Rest of Europe

10.2.7.1. Market Revenue and Forecast, by Filter (2017-2030)

10.2.7.2. Market Revenue and Forecast, by Vehicle (2017-2030)

10.2.7.3. Market Revenue and Forecast, by Distribution Channel (2017-2030)

10.3. APAC

10.3.1. Market Revenue and Forecast, by Filter (2017-2030)

10.3.2. Market Revenue and Forecast, by Vehicle (2017-2030)

10.3.3. Market Revenue and Forecast, by Distribution Channel (2017-2030)

10.3.4. India

10.3.4.1. Market Revenue and Forecast, by Filter (2017-2030)

10.3.4.2. Market Revenue and Forecast, by Vehicle (2017-2030)

10.3.4.3. Market Revenue and Forecast, by Distribution Channel (2017-2030)

10.3.5. China

10.3.5.1. Market Revenue and Forecast, by Filter (2017-2030)

10.3.5.2. Market Revenue and Forecast, by Vehicle (2017-2030)

10.3.5.3. Market Revenue and Forecast, by Distribution Channel (2017-2030)

10.3.6. Japan

10.3.6.1. Market Revenue and Forecast, by Filter (2017-2030)

10.3.6.2. Market Revenue and Forecast, by Vehicle (2017-2030)

10.3.6.3. Market Revenue and Forecast, by Distribution Channel (2017-2030)

10.3.7. Rest of APAC

10.3.7.1. Market Revenue and Forecast, by Filter (2017-2030)

10.3.7.2. Market Revenue and Forecast, by Vehicle (2017-2030)

10.3.7.3. Market Revenue and Forecast, by Distribution Channel (2017-2030)

10.4. MEA

10.4.1. Market Revenue and Forecast, by Filter (2017-2030)

10.4.2. Market Revenue and Forecast, by Vehicle (2017-2030)

10.4.3. Market Revenue and Forecast, by Distribution Channel (2017-2030)

10.4.4. GCC

10.4.4.1. Market Revenue and Forecast, by Filter (2017-2030)

10.4.4.2. Market Revenue and Forecast, by Vehicle (2017-2030)

10.4.4.3. Market Revenue and Forecast, by Distribution Channel (2017-2030)

10.4.5. North Africa

10.4.5.1. Market Revenue and Forecast, by Filter (2017-2030)

10.4.5.2. Market Revenue and Forecast, by Vehicle (2017-2030)

10.4.5.3. Market Revenue and Forecast, by Distribution Channel (2017-2030)

10.4.6. South Africa

10.4.6.1. Market Revenue and Forecast, by Filter (2017-2030)

10.4.6.2. Market Revenue and Forecast, by Vehicle (2017-2030)

10.4.6.3. Market Revenue and Forecast, by Distribution Channel (2017-2030)

10.4.7. Rest of MEA

10.4.7.1. Market Revenue and Forecast, by Filter (2017-2030)

10.4.7.2. Market Revenue and Forecast, by Vehicle (2017-2030)

10.4.7.3. Market Revenue and Forecast, by Distribution Channel (2017-2030)

10.5. Latin America

10.5.1. Market Revenue and Forecast, by Filter (2017-2030)

10.5.2. Market Revenue and Forecast, by Vehicle (2017-2030)

10.5.3. Market Revenue and Forecast, by Distribution Channel (2017-2030)

10.5.4. Brazil

10.5.4.1. Market Revenue and Forecast, by Filter (2017-2030)

10.5.4.2. Market Revenue and Forecast, by Vehicle (2017-2030)

10.5.4.3. Market Revenue and Forecast, by Distribution Channel (2017-2030)

10.5.5. Rest of LATAM

10.5.5.1. Market Revenue and Forecast, by Filter (2017-2030)

10.5.5.2. Market Revenue and Forecast, by Vehicle (2017-2030)

10.5.5.3. Market Revenue and Forecast, by Distribution Channel (2017-2030)

Chapter 11. Company Profiles

11.1. Robert Bosch GmbH

11.1.1. Company Overview

11.1.2. Product Offerings

11.1.3. Financial Performance

11.1.4. Recent Initiatives

11.2. MAHLE GmbH

11.2.1. Company Overview

11.2.2. Product Offerings

11.2.3. Financial Performance

11.2.4. Recent Initiatives

11.3. Toyota

11.3.1. Company Overview

11.3.2. Product Offerings

11.3.3. Financial Performance

11.3.4. Recent Initiatives

11.4. K & N Engineering

11.4.1. Company Overview

11.4.2. Product Offerings

11.4.3. Financial Performance

11.4.4. Recent Initiatives

11.5. DENSO Corporation

11.5.1. Company Overview

11.5.2. Product Offerings

11.5.3. Financial Performance

11.5.4. Recent Initiatives

11.6. Sogefi

11.6.1. Company Overview

11.6.2. Product Offerings

11.6.3. Financial Performance

11.6.4. Recent Initiatives

11.7. General Motors

11.7.1. Company Overview

11.7.2. Product Offerings

11.7.3. Financial Performance

11.7.4. Recent Initiatives

11.8. Valeo SA

11.8.1. Company Overview

11.8.2. Product Offerings

11.8.3. Financial Performance

11.8.4. Recent Initiatives

11.9. MANN + HUMMEL International

11.9.1. Company Overview

11.9.2. Product Offerings

11.9.3. Financial Performance

11.9.4. Recent Initiatives

11.10. Hengst SE

11.10.1. Company Overview

11.10.2. Product Offerings

11.10.3. Financial Performance

11.10.4. Recent Initiatives

Chapter 12. Research Methodology

12.1. Primary Research

12.2. Secondary Research

12.3. Assumptions

Chapter 13. Appendix

13.1. About Us

13.2. Glossary of Terms

Thanks for reading you can also get individual chapter-wise sections or region-wise report versions such as North America, Europe, or the Asia Pacific.

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