Automotive Filters Market Growth, Forecast & Analysis by 2025

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[200 Pages Report] Automotive Filters Market by Type (Air, Fuel, Oil, Cabin, Coolant), Air & Cabin Filter Media, Fuel & Vehicle Type, Aftermarket and Region

(EMAILWIRE.COM, July 31, 2019 ) The report "Automotive Filters Market by Type (Air, Fuel, Oil, Cabin, Coolant, Brake Dust, Oil Separator, Transmission, Steering, Dryer Cartridge, EMI/EMC, Coolant Particle), Air & Cabin Filter Media, Fuel & Vehicle Type, Aftermarket And Region - Global Forecast to 2025", automotive filters aftermarket, by value, is projected to grow at a CAGR of 1.14%, to reach USD 23.31 billion by 2025 from USD 21.60 billion in 2018.

Factors such as increasing vehicle parc and average miles are driven every year across all regions are projected to fuel the demand for the automotive filters aftermarket.

The key companies profiled in the study are MANN + HUMMEL (Germany), Donaldson (US), Robert Bosch (Germany), MAHLE (Germany), Sogefi (Italy), Denso (Japan), Ahlstrom-Munksjö (Sweden), ACDelco (US), Hengst (Germany), and K&N Engineering (US).

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“Cabin filter is estimated to be the largest OE market by filter type”

The cabin filter is estimated to be the largest OE market during the forecast period because of their usage in all vehicles and cost advantage in comparisons to other filters like oil filter, fuel filter, and air filter. Cabin comfort is also one of the driving factors for their growth in the commercial vehicle segment. For cabin filters, Asia Oceania is expected to dominate the market as this region has higher vehicle production, leading to a higher requirement for cabin filters.

“BEV filter market to grow at the fastest rate among electric and hybrid vehicles”

In Battery Electric Vehicles (BEVs), automotive filters are used for applications such as cabin, transmission, dryer cartridges for batteries, EMI/EMC filter, and cooling air particle filter. Filters such as air, fuel, and oil are not considered for BEVs as they do not have ICEs for propulsion. Filters used for BEVs are estimated to be the fastest-growing market among electric and hybrid vehicle types, as BEV sales are expected to grow at a faster pace. The Asia Oceania region is estimated to dominate the BEV filter market owing to the highest sales of BEVs, especially in China.

The increasing sales of BEVs coupled with efforts by governments to incentivize the purchase of electric vehicles are further expected to drive the BEV filter market.

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“North America is estimated to be the largest automotive filters aftermarket owing to its vehicle parc and average miles are driven every year”

According to OICA, the US had a total vehicle parc of 264.2 million units in 2015, which was the highest in the world. The country also had 145.3 million units of commercial vehicles on the road. The US is thus home to the largest aftermarket for automotive filters in the world. Hence, it can be inferred that the US is a matured market for automotive filters. Moreover, the lack of a dense public transport network in North America and a wide geographical area of the region have compelled people to travel in their own vehicles. The average miles driven in North America is, therefore, higher than other regions. Hence, North America is estimated to be the largest automotive filters aftermarket during the forecast period, by value.

Target Audience:

*Automotive filters suppliers
*Dealers and distributors of automotive filters
*Industry associations
*Manufacturers of automotive filters
*Supportive raw material suppliers for automotive filters
*Vehicle components/systems manufacturers

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