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.
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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).
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