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 adoption of regulations governing greenhouse gas emissions, an increase in demand for high-end vehicles with improved passenger comfort, and an increase in automotive sales and production have all contributed to the automotive air filter market growth. The demand for electric vehicles is growing, though, which is limiting the automotive air filter market's expansion. Throughout the projection period, technological advancements and increasing demand for multi-filtration systems are likely to present growth opportunities.
The automotive air filter market, and in particular the cabin filter market, are both growing as a result of the ever-expanding automobile industry, particularly the cars market. The market for cabin air filters is flourishing as consumers become more aware of the need for air filters to maintain clean air and prevent dirt from entering passenger cabins.
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
