Automotive Filters Market Share: An In-Depth Analysis of Current Trends

 The automotive filters market share has been experiencing notable growth due to the increasing demand for cleaner air and improved vehicle performance. As environmental regulations tighten worldwide, manufacturers are compelled to develop advanced filtration solutions that not only enhance engine efficiency but also reduce emissions. This shift is particularly evident in the growth of cabin air filters, which are now essential for maintaining air quality inside vehicles. With more consumers becoming aware of the health benefits associated with clean air, the demand for high-efficiency filters is projected to rise significantly, positively impacting the automotive filters market share.

In addition to regulatory drivers, the rise of electric vehicles (EVs) is also shaping the automotive filters market share landscape. While traditional vehicles rely heavily on oil and fuel filters, EVs introduce new filtration needs, such as those for battery coolant and air purification systems. This diversification in filter applications is providing opportunities for manufacturers to innovate and expand their product offerings. As the automotive industry continues to evolve towards electrification and sustainability, the market share for automotive filters is expected to grow, driven by technological advancements and changing consumer preferences.

The global automotive filters market is projected to grow from USD 12.9 billion in 2024 to USD 14.6 billion by 2030, at a CAGR of 2.1% during the forecast period. 

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1270

Particle cabin filters are anticipated to dominate the cabin filter market in terms of material type.

Particle cabin filters are projected to emerge as the leading segment within the automotive cabin filter market, primarily due to their cost-effectiveness compared to activated carbon and electrostatic filters and their above-average performance. These filters feature a low-cost barrier made of entirely synthetic non-woven fabric, offering distinct advantages such as resistance to deformation caused by water due to the non-hygroscopic nature of synthetic fibers. Consequently, this is anticipated to fuel steady growth in the particle filter market in the foreseeable future.

Furthermore, there is a burgeoning demand for air-conditioned cabins in heavy trucks in Europe and North America, primarily driven by government regulations. Notably, the European Commission has mandated the adoption of cabin air conditioning in all heavy commercial trucks, a directive echoed by the Indian government, albeit yet to be fully realized commercially. This regulatory push, coupled with major commercial vehicle manufacturers' installation of air conditioning systems in heavy trucks and buses, is expected to propel the particle cabin filters market within the heavy vehicles segment.

North America is estimated to be the most significant -growing market for automotive filters in 2024

North America holds >25% of the global automotive filters market. North America boasts a massive vehicle population, with many cars, trucks, and SUVs on the road, which translates to a significant need for replacement filters across various vehicle categories. North Americans tend to drive more compared to people in some other regions. This translates to higher vehicle wear and tear, necessitating more frequent filter replacements to maintain optimal performance.

The US and Canada enforce strict emission regulations for vehicles (like the US Environmental Protection Agency (EPA) standards and California Air Resources Board (CARB) regulations). These regulations require advanced filtration technologies for on- & off-highway vehicles. This drives demand for high-performance air filters to capture particulate matter, Diesel Particulate Filters (DPFs) for diesel engines to trap soot particles, and Gasoline Particulate Filters (GPFs) for newer gasoline direct injection (GDI) engines to capture fine particles.

Key Market Players:

The key players in the automotive filters market are MANN+HUMMEL (Germany), Donaldson Corporation (US), Robert Bosch GmbH (Germany), Denso Corporation (Japan), Parker Hannifin (US), Sogefi S.p.A (Italy), Cummins Inc. (US), MAHLE GmbH (Germany), Toyota Boshoku (Japan), and AHLSTROM-MUNKSJO (Sweden).

Request Free Sample Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=1270

Comments

Popular posts from this blog

Automotive Camera Market by Application, View Type, Technology and Region – Global Forecast to 2025

Occupant Classification System Market Latest Trends and Forecast Growth Report to 2025

Automotive Actuators Market to Surpass $29.3 Billion by 2030