Automotive Air Filter Market: Global Size, Share, Trends, Growth and Forecast 2022-2032
Automotive Air Filter Market: Overview and Definition
The global automotive air filter market was valued at USD 5.2 billion in 2021 and is projected to reach USD 8.9 billion by 2032, growing at a CAGR of 5.7% from 2022 to 2032.
The global automotive air filter market is expected to experience significant growth in the coming years, driven by factors such as the growing demand for vehicles, increasing environmental regulations, and rising awareness about the importance of air quality. An automotive air filter is an essential component of a vehicle's engine system, designed to trap dust, dirt, and other harmful particles from the air before they enter the engine.
The market for automotive air filters is segmented by filter type, end-use, vehicle type, and region. The filter type segment includes intake air filters and cabin air filters. The end-use segment includes original equipment manufacturers (OEMs) and aftermarket. The vehicle type segment includes passenger cars, commercial vehicles, and two-wheelers.
Growth Drivers – Automotive Air Filter Market
Growing Sale of Automotive Vehicles
Increasing demand and sales of automotive vehicles has led to rise in demand for growth of the global automotive air filter market. Demand for passenger car is witnessing lucrative growth from various developing nations. This can be attributed to rising affluent middle-class population and increasing disposable income. Apart from passenger vehicle, light and heavy commercial vehicle are also witnessing increased demand owing to rising utilization in industrial and infrastructure development. Furthermore, automotive industry is anticipated to witness significant growth in years ahead across the globe and this factor is envisioned to bolster the growth of market.
Increasing Number of Automotive Manufacturing Facilities
Automotive manufacturers are focusing on increasing their manufacturing capacity owing to rising demand of vehicles across the globe. Moreover, this expansion of manufacturing facility is increasing the production of vehicles which in turn is rising the demand for automotive air filter. Apart from this, growing demand from aftermarket is also envisioned to bolster the growth of automotive air filter market.
Barriers – Automotive Air Filter Market
Presence of Local Vendors in Market
Factors such as presence of local vendors is hindering the growth of global automotive air filter. Moreover, thriving electric vehicle market is also acting as a restraint for global automotive air filter market.
The automotive air filter market by product type is segmented into cabin air filter and engine air filter. The market for cabin air filter captured highest percentage in 2019. Moreover, it is anticipated to continue its dominance during the forecast period. Factors such as growing automotive sales and increasing awareness about importance of purified air in car is anticipated to foster the growth of automotive air filter market.
Further, global automotive air filter market is also segmented by material into paper, gauze and foam. The report also analyzed automotive air filter market by vehicle type into passenger cars, light commercial vehicles, heavy commercial vehicles and others. Passenger cars segment accounted for highest percentage of market share.
Based on sales channel, the market is segmented into OEM and aftermarket, out of which, OEM segment is estimated to hold the leading share in the market as on the account of rising production capacity of automotive vehicles.
Geographically, the report offers analysis of North America, Europe, Asia Pacific, Latin America and Middle East & Africa. In automotive air filter market, Asia Pacific captured highest percentage of market share in global automotive air filter market. Growing number of automotive vehicles sales and rising affluent middle-class population is expected to intensify the growth of Asia Pacific automotive air filter market. Moreover, Asia Pacific market is likely to witness lucrative growth over the forecast period. Countries such as China and India are believed to showcase increased demand for vehicles. This factor will further boost the growth of automotive air filter market.
The report profiles various major market players such as
- K&N Engineering, Inc.
- Bosch Auto Parts
- Ahlstrom Corporation
- Donaldson Company, Inc.
- MAHLE GmbH
- Other Major & Niche Players
Competitive landscape analysis provides detailed strategic analysis of the company’s business and performance such as financial information, revenue breakup by segment and by geography, SWOT Analysis, key facts, company overview, business strategy, key product offerings, marketing and distribution strategies, new product development, recent news (acquisition, expansion, technology development, research & development and other market activities).
The study also provides company’s positioning and market share in automotive air filter market.
Timeline Considered for Analysis:
- 2016 to 2020: Historical Review
- 2021: Base Year
- 2022 to 2027: Forecast Period
Research Scope and Deliverables
Overview & Executive Summary
Market Drivers, Trends, Challenges and Opportunities
Market Size and Forecast Projections
Macroeconomic Indicators of Various Countries Impacting the Growth of the Market
Extensive Coverage of Industry Players including Recent Product Launches and Market Activities
Porter’s Five Force Analysis
Market Segmentation Analysis:
Industry report analyzes the global automotive air filter market by the following segments:
- Material Type
- Vehicle Type
- Sales Channel
Customization: We also offers customization’s in the industry report as per the company’s specific needs.
Key Questions Answered in the Global Automotive Air Filter Industry Report:
- What is the overall market size in 2021? What will be the market growth during the forecast period i.e. 2022-2027?
- Which region would have high demand for product in the upcoming years?
- What are the factors driving the growth of the market?
- Which sub-market will make the most significant contribution to the market?
- What are the market opportunities for existing and entry-level players?
- What are various long-term and short-term strategies adopted by the market players?