Automotive Air Filter Market Snapshot
|Fastest Growing Market:||Asia-Pacific|
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The automotive air filter market was valued at USD 4,523 million in 2021 and is expected to reach USD 6,550.12 million by 2027, recording a CAGR of 6.37% over the forecast period.
The outbreak of COVID-19 across the globe hampered the growth of the automotive air filter market in 2020. Major vehicle manufacturing and component manufacturing facilities were temporarily shut down. However, by the end of 2021, with a slight increase in vehicle sales, the market for air filters increased and is expected to continue growing over the forecast period.
The intake and cabin air filters are vital components of a vehicle. The intake air filter helps in the efficient working of the automobile’s engine. The poor performance of the air filter may result in inefficient functioning and lead to more emissions. The cabin air filter plays an equally important role in the automobile. It prevents harmful pollutants from entering the passenger cabin, and its performance has a direct relation to passenger satisfaction and experience.
Air composition and quality vary widely worldwide and depend on environmental conditions like soil, dust, road conditions, traffic, and construction. The dust properties depend on the mineralogical composition and the percentage of quartz and corundum in the dust. These elements are harsh and are capable of damaging engine parts. Quartz is prevalent worldwide and is considerably harder than most metals on automotive engines. Therefore, the air filter plays a crucial role in filtering quartz particles from the intake air. The air filter needs to adequately protect the motor against the direct intake of abrasive particles and road dust.
The growing automotive market, especially car sales, is driving the air filter market. Consumers have become more aware of the importance of air filters for purified air and staying isolated in their passenger cabins from the atmospheric dirt. Thus, this is expected to lead to the market’s growth.
Scope of the Report
The automotive air filter market report offers a detailed understanding of the current market dynamics and growth opportunities, an overview of the competitive intelligence, products offered, and key insights into major players, and the assessment of the COVID-19 pandemic’s impact on the market.
Additionally, the market has been segmented into type (air intake filters and cabin air filters), vehicle type (passenger cars and commercial vehicles), and geography (North America, Europe, Asia-Pacific, and Rest of the World).
|Air Intake Filters|
|Cabin Air Filters|
Key Market Trends
Decline in Vehicle Sales Hampering the Air Filter Market’s Growth
According to Eurostat, over 75% of inland cargo transported within the European Union, i.e., about 1,750 billion ton-kilometers (tkm), travel by road. In some European countries, this percentage goes as high as 90% or more.
As a result, the demand for commercial vehicles has been continually increasing in the region, owing to the growing logistics industry and increasing usage of light commercial vehicles, such as vans (for ride-hailing services).
The underlying factor driving the growth of the light commercial vehicle market in Europe is the increased preference for pick-up trucks and small vans, over heavy-duty trucks and railways, for logistics.
Thus, the demand for lightweight vehicle components to integrate into light commercial vehicles is expected to grow significantly during the forecast period. This, in turn, is expected to augment the demand for air filters.
With e-commerce rapidly growing in Europe, it represents a central pillar for the single digital market and reflects advancements in the e-tailing sector, which is witnessing the expansion of well-organized retail spaces.
As the e-commerce industry grows across Europe, the demand for more advanced distribution networks is increasing.
As the market expands, the demand for pick-up vans, small trucks, and other LCVs is also likely to increase. Freight transportation between 50 km and 1,999 km accounted for 89.1% of the total freight transportation in 2020.
Additionally, with the enactment of stringent emission and fuel economy norms for commercial vehicles, automobile manufacturers are focusing on manufacturing hybrid trucks, which, in turn, is expected to boost the demand for air filters.
Apart from Europe, the Asia-Pacific region is also experiencing a boom in sales of commercial vehicles, owing to growing demand from e-commerce (resulting in growth in the logistics industry), construction, and mining industries.
During the first half of 2020, commercial vehicle sales declined due to the outbreak of COVID-19 across the world. This was majorly due to the lockdown restrictions imposed to prevent the spread of the virus. However, a few countries have eased the restrictions on lockdowns for e-commerce and logistics services since then. This was expected to boost the demand for commercial vehicles during the second half of 2020, which, in turn, would increase the demand for air filters.
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Asia-Pacific Expected to Lead the Air Filter Market
The automobile industry in India is supported by various factors, such as the availability of skilled labor at a low cost, robust R&D centers, and low-cost steel production. The industry also provides great investment opportunities and direct and indirect employment to skilled and unskilled laborers.
China ranks first in terms of electric car sales, and many automakers are still in the process of testing electric mobility. The complete shift from IC engine vehicles to electric vehicles will take time, at least until 2030, which, in turn, is expected to boost the demand for cabin air filters.
Japan is regarded as one of the major markets for luxury cars in the Asia-Pacific region. Some of its most well-known global brands, which belong to the automotive industry, include Toyota, Honda, and Nissan.
These factors are expected to revive the automobile industry and boost the air filter market over the forecast period.
South Korea is among the most advanced automobile-producing countries in the global automotive market. However, the automobile industry in the country is suffering from an adverse domestic market, owing to a political fallout with China and the financial troubles faced by small- and medium-sized parts manufacturers. To support the industry, the South Korean government has set high goals for its electric vehicle industry over the next ten years and is making heavy investments in both vehicles and the infrastructure necessary.
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The automotive air filter market is dominated by Freudenberg & Co. KG, Mann + Hummel GmbH, Sogefi SpA, and Donaldson Company Inc. The companies have been expanding their presence by opening new plants and launching advanced versions of air filters.
Additionally, Toyota’s cabin air filters are supplied by Toyota Boshoku, especially in the Japanese market.
In October 2021, Nirvana Being launched its artificial car cabin filter solutions to offer protection from pollution. The company is targeting South Asian potential markets, such as India, to gain a larger market share.
In April 2021, Mann+Hummel announced plans to launch the first vehicle integrated with Mann+Hummel’s high efficiency particulate air (HEPA) filter to offer protection against air pollution in vehicles.
Table of Contents
1.1 Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Industry Attractiveness - Porter's Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1.1 Air Intake Filters
5.1.2 Cabin Air Filters
5.2 Vehicle Type
5.2.1 Passenger Cars
5.2.2 Commercial Vehicles
5.3.1 North America
22.214.171.124 Rest of North America
126.96.36.199 Rest of Europe
188.8.131.52 South Korea
184.108.40.206 Rest of Asia-Pacific
5.3.4 Rest of the World
220.127.116.11 South America
18.104.22.168 Middle-East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Vendor Market Share
6.2 Company Profiles
6.2.1 ACDelco Corporation (General Motors Company)
6.2.2 ALCO Filters Ltd
6.2.3 Robert Bosch GmbH
6.2.4 Cummins Inc.
6.2.5 DENSO Corporation
6.2.6 Donaldson Company Inc.
6.2.7 MAHLE GmbH
6.2.8 Mann + Hummel GmbH
6.2.9 Sogefi SpA
6.2.10 Parker Hannifin Corp.
6.2.12 Toyota Boshoku Corporation
6.2.13 Freudenberg & Co. KG
6.2.14 Nirvana Being
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
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Frequently Asked Questions
What is the study period of this market?
The Automotive Air Filter Market market is studied from 2018 - 2027.
What is the growth rate of Automotive Air Filter Market?
The Automotive Air Filter Market is growing at a CAGR of >6.37% over the next 5 years.
What is Automotive Air Filter Market size in 2018?
The Automotive Air Filter Market is valued at 4523 Million USD in 2018.
What is Automotive Air Filter Market size in 2027?
The Automotive Air Filter Market is valued at 6550 Million USD in 2027.
Which region has highest growth rate in Automotive Air Filter Market?
Asia-Pacific is growing at the highest CAGR over 2021- 2026.
Which region has largest share in Automotive Air Filter Market?
Asia-Pacific holds highest share in 2021.
Who are the key players in Automotive Air Filter Market?
MANN+HUMMEL GmbH, Freudenberg & Co. KG , Parker Hannifin Corp. , Toyota Boshoku Corporation, Sogefi SpA are the major companies operating in Automotive Air Filter Market.