Automotive Filter Market: Predicted Rapid Growth with Trends, Competition, and Opportunity Analysis - PowerPoint PPT Presentation

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Automotive Filter Market: Predicted Rapid Growth with Trends, Competition, and Opportunity Analysis

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According to a report by TechSci Research titled "Automotive Filter Market - Global Industry Size, Share, Trends, Competition, Opportunity, and Forecast, 2017-2027," the global automotive filter market experienced a value of USD 48,396.65 million in 2021. It is anticipated that the market will grow at a CAGR of 3.82% during the forecast period and reach USD 60,148.69 million in 2027. This growth is primarily due to the increasing demand for automotive filters that are lightweight, fuel-efficient, and compact-sized. Moreover, the demand for automotive filters is expected to drive the market growth during the forecast period. – PowerPoint PPT presentation

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Title: Automotive Filter Market: Predicted Rapid Growth with Trends, Competition, and Opportunity Analysis


1
Automotive Filter Market 2018-2027 Trends,
Opportunities, and Forecasts Techsci Research
According to a report by TechSci Research titled
"Automotive Filter Market - Global Industry
Size, Share, Trends, Competition, Opportunity,
and Forecast, 2017-2027," the global automotive
filter market experienced a value of USD
48,396.65 million in 2021. It is anticipated
that the market will grow at a CAGR of 3.82
during the forecast period and reach USD
60,148.69 million in 2027. This growth is
primarily due to the increasing demand for
automotive filters that are lightweight,
fuel-efficient, and compact-sized. Moreover, the
demand for automotive filters is expected to
drive the market growth during the forecast
period.
2
The automotive filter market is segmented based
on various factors such as vehicle type, filter
type, application, media, demand category, and
region. An automotive filter typically comprises
three segments, namely fuel filter, oil filter,
and air filter, which are used to capture any
debasements that may directly affect the engine's
wear and tear. Dust or contaminants in the air
can cause such debasements. The oil filter is
used to filter out impurities from the oil and
prevent engine components from getting damaged.
This enhances engine performance and increases
its lifespan. The fuel and gas used in internal
combustion should be free of any debasements to
improve mileage and power. Even a tiny dust
particle can adversely affect engine performance.
The air filter is divided into two sub-segments,
namely cabin air filter and engine air filter.
The cabin air filter removes pollen, dust, and
airborne particles that enter the cabin through
the ventilation, air conditioning, or heating
system. The majority share of the automotive
filter market is captured by the Asia-Pacific
region, which accounts for more than 50 of the
overall market. Browse over 156 market data
Figures and Tables spread through 110 Pages and
an in-depth TOC on " Global Automotive Filter
Market" - https//www.techsciresearch.com/report/
automotive-filters- market/2368.html The market
further divides into different vehicle types,
including passenger cars, two-wheelers, light
commercial vehicles, medium and heavy commercial
vehicles, and off-the-road vehicles. In 2021,
passenger cars held the largest market share of
49.45, followed by two-wheelers with a market
share of 26.01. Due to their high sales volume,
the demand for filters during passenger car
manufacturing is greater than for any other
vehicle type. These cars are primarily used for
daily activities such as commuting, shopping, and
travel, resulting in a high demand for air
filters that need replacement every six to
3
  • twelve months. Additionally, people are
    increasingly concerned about air pollution,
    leading governments to take initiatives to reduce
    pollutants released by cars. Consequently, the
    filter media segment is expected to experience
    the fastest growth during the forecast period
    due to rising research and development.
  • The market is also segmented based on application
    into cabin filters and engine filters. In 2021,
    the majority of automotive filters sold were for
    engine air filters, which include oil, fuel, and
    air filters.
  • Engine filter application commanded a substantial
    share of 82.63 in the global automotive filter
    market in 2021.
  • In terms of region, the market is divided into
    Asia-Pacific, North America, Europe, South
    America, the Middle East, and Africa. The
    Asia-Pacific region dominated the global
    automotive filter market, with China holding a
    market share of 54.76 in 2021. China accounted
    for the highest sales of automotive filters
    worldwide in 2021, with numerous small
    manufacturers of automotive filters such as
    Universe Filter, Arrow Auto Parts Manufacturing
    Co., Ltd., and filter original equipment
    manufacturers (OEMs) such as MANNHUMMEL
    International GmbH Co. KG, Donaldson Company
    Inc., etc. The region also leads in terms of
    automotive filter parts manufacturers,
    aftermarkets, and favorable government policies.
  • North America ranks second in terms of market
    share, accounting for 19.31 of the market among
    the other regions. The United States holds a
    major market share of 76.01 due to high
    automotive filter sales. In the past five years,
    there has been significant market penetration of
    automotive filters due to rapid eCommerce growth
    and a high rate of fleet replacements, and this
    trend is expected to continue in the future.
  • Key market players in the automotive filter
    market include
  • MANNHUMMEL International GmbH Co. KG

4
  • MAHLE GmbH
  • Donaldson Company Inc.
  • Toyota Boshoku Corporation
  • Freudenberg SE
  • KN Engineering, Inc
  • Denso Corporation
  • Elofic Industries Ltd
  • Hengst SE
  • Robert Bosch GmbH
  • Automotive filters manufacturers such as
    MANNHUMMEL International GmbH Co KG, MAHLE
    International GmbH, Donaldson Company, Inc.,
    Toyota Boshoku Corporation, Freudenberg SE, KN
    Engineering, Inc., Denso Corporation, Elofic
    Industries Ltd., Hengst SE, Robert Bosch GmbH
    are holding a significant position in the global
    automotive filter market.
  • Download Sample Report
  • Asia-Pacific held the largest market share of
    54.86 in the market in 2021 and is expected to
    be the leading region in the global automotive
    filter market on the account of availability of
    well- established automotive filter industry.
    Furthermore, the market's growth is being aided
    by the quick increase in research and
    development in the field, as well as the
    increasing environmental concerns toward
    developing fuel-efficient engines. Emerging
    market players are advised to invest and focus
    on the research and development of the
    automotive filters and services for the brand
    establishment. Collaborations and regulated deals
    with the established market players would help
    the prospects of the new
  • market player, said Mr. Karan Chechi, Research
    Director with

5
TechSci Research, a research-based global
management consulting firm. Automotive Filter
Market - Global Industry Size, Share, Trends,
Competition, Opportunity, and Forecast,
2017-2027, Segmented By Vehicle Type (Passenger
Cars, Light Commercial Vehicles, Medium Heavy
Commercial Vehicles, Two-Wheeler, Off-the-Road
Vehicles), By Filter Type (Air Filter, Oil Filter
Fuel Filter), By Application (Cabin Air
Filter, Engine Filter), By Filter Media
(Particulate, Activated Carbon Media, Cellulose
Media, Synthetic Media, Others), By Demand
Category (OEM, Replacement), By Region,
Competition, Forecast, Opportunities, 2027,
has evaluated the future growth potential of
global automotive filter market and provides
statistics information on market size,
structure and future market growth. The report
intends to provide cutting-edge market
intelligence and help decision-makers take sound
investment decisions. Besides, the report also
identifies and analyzes the emerging trends
along with essential drivers, challenges, and
opportunities in the global automotive filter
market. Download Sample Report -
https//www.techsciresearch.com/sample-report.aspx
?cid2368 About TechSci Research TechSci
Research is a research-based management
consulting firm providing market research and
advisory solutions to its customers worldwide,
spanning a range of industries. TechSci
Researchs core values are value, integrity and
insight. Led by a team of dynamic industry
experts, TechSci Research provides its customers
with high value market research and advisory
services that helps them identify new market
opportunities, growth engines and innovative ways
to capture the market share. As a result,
TechScis client leads rather than follow market
trends. Not bound by legacy, TechScis cutting-
edge research model leverages its decades of
research knowledge
6
and an increased use of technology as engines of
innovation to deliver unique research value.
Provided as an alternative to traditional market
research, TechSci Research reports do not just
deliver data and knowledge rather highlights the
insights in a more usable and interactive format
for its clients. Contact Mr. Ken Mathews 708
Third Avenue, Manhattan, NY, New York
10017 Tel 1-646-360-1656 Email
sales_at_techsciresearch.com Web https//www.techsci
research.com
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