Europe Automotive Airfilters Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

Market Overview

The Europe Automotive Airfilters Market is projected to grow with a CAGR of more than 5 % during the forecast period.

• With the increasing air pollution and level of harmful pollutants from automobiles in the country, the government is taking stringent steps towards curbing the pollutants levels in the atmosphere.
• Air cleaners helps in reducing the emission of harmful gases and also increases the engine performance. Increasing awareness about environmental concerns and maximum utilization of engine by the end-user are enhancing the demand for the market.
• The increase in awareness about vehicle performance and environmental concerns is forcing the end-user for timely servicing of the vehicles and changing the spare-parts on a regular basis which is resulting in maximum performance of engine and curbing pollution in the environment.
• However, there is a slowdown in automobile sales and production which is because of the trade-tensions between two major economies of the world China and United States, also the ongoing Pandemic COVID-19 is also responsible for the slowdown in economy as it has forced the world economy to lockdown for almost 3 months and now the growth is expected to resume in the second half of 2021, as the governments are providing stimulus to the demand as well as the supply side to revive the economy.

Scope of the report

The Europe Automotive Airfilters Market report covers a detailed study on the latest trends and innovations in the market which Material Type (Paper Airfilters, Gauze Airfilters, Foam Airfilters and Others), by Type (Intake Filters and Cabin Filters) and by Vehicle type (Passenger Cars and Commercial Vehicles). Along with the major players, their strategies, innovations, technological advancements and financials are also covered in the report.

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Key Market Trends

Commercial Vehicle Segment Captures Market

With the increase in construction activities and growing e-commerce activities in the country, the demand for commercial vehicles are expected to grow after the end of the pandemic situation and normalcy returns in the economy.

The commercial vehicle fleet owners are concerned about the average yearly mileage of commercial vehicles for which they are continuously monitoring the health of the engine and other spare parts by doing timely maintenance and engine checkups. Consumers are likely to change both intake and cabin cleaners periodically so as to meet stringent implementation of these air standards by the state governments, therefore, boosting the sales of the automotive airfilters in the country.

The aftermarket segment for commercial vehicles is expected to grow with high CAGR as compared to OEMs, owing to the vehicle maintenance and inspection programs that are run on a regular basis in the country. These programs are beneficial in increasing the average age of trucks in the country.

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