Future Market Insights (FMI), an ESOMAR-certified company, predicts that by 2032, the global automobile air filter market would be worth US$6,680 million, up from an estimated US$5,321.3 million in 2022. A CAGR of 2.3% is projected in the automotive air filter market over the forecast period.
Key Takeaways:
- The market for automotive air filters is expected to grow at a maximum CAGR of 2.1% in the cabin category.
- The automobile air filter market is expected to increase to 15% of the worldwide market in North America.
- By 2022, Europe will hold a 24% share of the global market for vehicle air filters.
- One of the fastest growth rates worldwide is projected for the automotive air filter market during the forecast period in APAC.
- In China, sales of electric cars are skyrocketing, and numerous automakers are still experimenting with this mode of transportation.
- Japan is one of the most significant markets for luxury automobiles in the Asia-Pacific region.
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The demand for luxury vehicles with greater passenger comfort, regulations restricting greenhouse gas emissions, and an increase in auto sales and manufacturing have all contributed to the growth of the automotive air filter market. The expansion of the automotive air filter market is being constrained by the increase in interest in electric vehicles. Throughout the course of the projection period, technological advancements and increased demand for multi-filtration systems are anticipated to offer growth chances.
Both the automotive air filter market and, more specifically, the cabin filter market are rising as a result of the rapidly growing automotive industry, notably the vehicles market. The market for cabin air filters is increasing as consumers become more aware of the need for air filters to maintain clean air and prevent dirt.
There are numerous filters in every car. During the forecast period, this will spur automotive air filter market expansion along with increased car production. This will accelerate automotive air filter market expansion along with increased car production.
Throughout the projection period, a steady automotive air filter market growth in the North American market is anticipated. The enormous vehicle fleet and high average annual mileage in nations like the United States and Mexico are driving the automotive air filters market in this region. The majority of parking spaces are occupied by passenger cars and light commercial vehicles (LCVs) in North America. Automotive air filter market expansion is likely to be encouraged by strict laws and regulations created by the governments of the United States and Canada to reduce alarming pollution levels.
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Competitive Landscape:
Some of the key players in the automotive air filter market include MANN+HUMMEL, Donaldson Company, Inc., NGK Insulators, Ltd., Sogefi SpA, Nirvana Being, Mahle International GmbH, C & R Fab Media Private Limited, Melkev Machinery Impex, Global Filters, and Simplex Corporation.
The vehicle air filter market is controlled by Freudenberg & Co. KG, Mann + Hummel GmbH, Sogefi SpA, and Donaldson Company Inc. The businesses have been expanding their business through the opening of additional facilities and the introduction of enhanced air filter types.
Additionally, particularly in the Japanese market, Toyota Boshoku provides cabin air filters for Toyota.
Key Segments Profiled In the Global Automotive Air Filter Market
Automotive Air Filter Market by Type:
- Cabin Automotive Air Filter
- Intake Automotive Air Filter
Automotive Air Filter Market by Filtering Media:
- Synthetic Automotive Air Filter
- Cellulose Automotive Air Filter
- Activated Carbon Automotive Air Filter
- Particle Automotive Air Filter
Automotive Air Filter Market by Region:
- Automotive air filter market in North America
- Automotive air filter market in Latin America
- Automotive air filter market in Europe
- Automotive air filter market in Asia Pacific
- Automotive air filter market in MEA
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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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