Automotive filters are among the most crucial components of any automotive responsible for efficient functioning of vehicles. Introduction of impurities in oil/fuel can seriously harm the vehicle’s engine, leading to higher maintenance costs and poor vehicle performance. Similarly, passing unfiltered air to the vehicle engine/HVAC system too results into inefficient operation of the vehicle. This makes filters an integral part of automotive vehicles. The most common types of automotive filters include air filters, oil filters and fuel filters. The basic function of these filters is to prevent any contaminant from entering the vehicle engine/cabin.

The demand for automotive filters is highly driven by the consistently rising automotive production across the world. Asia Pacific, being the largest manufacturing hub for automobiles, is the most prominent market for automotive filters. With the continued automotive industry growth here, the automotive filters market is estimated to continue experiencing strong growth in the following years. In addition, the market growth is strongly supported by the growing regulations towards reducing automotive pollution and increasing vehicle efficiency. Subsequently, market players are now more focused on developing more efficient filters. Nevertheless, steadily increasing popularity of electric vehicles may hamper the market growth in the following years.

The report titled “Global Automotive Filters Market – Growth, Future Prospects and Competitive Analysis, 2023 – 2030” offers strategic insights into the global automotive filters market along with the market size and estimates for the duration 2020 to 2030. The said research study covers in-depth analysis of market segments based on filter type, vehicle class, sales channel and cross-sectional study across different geographies and sub-geographical regions. The study covers the comparative analysis of different segments for the years 2021 & 2030. The report also provides a prolific view on market dynamics such as market drivers, restraints and opportunities. In addition, the report includes a section providing insights on the key trends followed in the market.

In order to help strategic decision-makers, the report also includes competitive profiling of the leading automotive filters vendors, their business strategy analysis, market positioning and key developments. Some of the major players profiled in the report are Denso Corporation, ALCO Filters Ltd., Valeo SA, Cummins, Inc. Mann+Hummel Group, Sogefi SpA, A.L. Filter Ltd., MAHLE GmbH, Robert Bosch GmbH, Donaldson Company, Inc., K&N Engineering, Inc., Fildex Filters Canada Corporation, North American Filter Corporation, Filtrak BrandT GmbH, Luman Automotive Systems Pvt. Ltd. and Siam Filter Products Ltd. among others. Apart from the company profiles, the report includes a section covering the competitive landscape wherein the market positioning of the companies has been discussed. The section also provides a view of key business strategies adopted by the leading market players. Other in-depth analysis provided in the report includes:

• Current and future market trends to justify the forthcoming attractive markets within the automotive filters industry
• Comparative analysis for different segments for the years 2021 & 2030
• Market fuelers, market impediments, and their impact on the market growth
• In-depth competitive environment analysis including the positioning of market players and their business strategy analysis
• Trailing 2-Year market size data (2020 – 2021)
• SRC (Segment-Region-Country) Analysis

Overall, the research study provides a holistic view of the global automotive filters market, offering market size and estimates for the period from 2023 to 2030, keeping in mind the above-mentioned factors.

In 2021, the overall automotive filters worldwide market was led by the passenger cars segment. The segment contributes to more than forty percent of the total market revenue, as of 2021. The segment growth is primarily driven by the high sales volume of passenger cars as compared to other vehicle classes. Passenger cars are installed with all of types of filters including engine air filters, cabin air filters, oil filters, and fuel filters. This significantly increases the overall volume required for the passenger cars segment. Additionally, passenger cars require frequent filter change as compared to other vehicles, thereby driving the demand for aftermarket automotive filters. As a result, the segment would continue dominating the market over the forecast period. In the following years, commercial vehicles segment is set to register the highest growth. This is primarily attributed to the improving cabin and engine designs of commercial vehicles.

The global automotive filters market is led by the Asia Pacific region. As of 2021, the region contributed to more than forty percent of the overall market revenue generated worldwide. The automotive filters market here is primarily supported by the presence of huge automotive industry, in terms of production as well as consumption. Asia Pacific experiences high demand for two-wheelers as well as passenger cars.

With the consistently growing automotive industry, Asia Pacific is set to retain its dominant position in the global automotive filters market in the following years. Europe follows Asia Pacific, in terms of revenue and volume, in the global automotive filters market. The market here is majorly governed by the huge automotive industry in the Western Europe region. Major markets for automotive filters include Germany, France, Spain, Italy, and the U.K. having huge automotive production sector.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Automotive Filters market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Automotive Filters market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Automotive Filters market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Automotive Filters market?
• Which is the largest regional market for Automotive Filters market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Automotive Filters market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Automotive Filters market worldwide?