Global Automotive Filter Market

Automotive Filter Market Size, Share, Growth Analysis, By Filter type(Fuel filter engine filter (oil, air), cabin air filter, steering filter), By Vehicle type (Passenger vehicle, and commercial vehicle), By Distribution channel(OEM, and aftermarket), By Region - Industry Forecast 2024-2031


Report ID: SQMIG25A2056 | Region: Global | Published Date: July, 2024
Pages: 157 | Tables: 90 | Figures: 76

Automotive Filter Market Regional Insights

North America held the largest global automotive filter market share in 2021, owing to rising demand for automobiles in countries such as the United States and Canada. Furthermore, rising vehicle manufacturing company investment in the production of automotive vehicles is boosting market growth.

Asia Pacific is expected to grow significantly in the coming years as a result of factors such as rapid urbanisation, massive investments in infrastructure and connectivity, rapid industrialization, and rising passenger vehicle demand. Countries such as China and India offer the most lucrative growth opportunities to the automotive industry's key players. Furthermore, due to the availability of cheap raw materials and labour, as well as growing government initiatives to attract investments, China and India are on their way to becoming global manufacturing hubs.

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FAQs

Automotive Filter Market size was valued at USD 10.75 billion in 2019 and is poised to grow from USD 11.1 billion in 2023 to USD 14.4 billion by 2031, growing at a CAGR of 3.3% in the forecast period (2024-2031).

automotive filter market is highly competitive and somewhat fragmented. To maintain a competitive edge, the major industry participants are continually implementing various growth strategies. Innovations, mergers, and acquisitions, collaborations and partnerships are adopted by these players to thrive in the competitive market. In order to provide industries with the most effective and economical solutions, the major market players are also continually concentrating on R&D. 'MAHLE GmbH', 'Sogefi', ' Mann+Hummel Group   ', ' Donaldson Company, Inc.   ', ' Parker Hannifin Corporation   ', ' Denso Corporation   ', ' Cummins Inc.   ', ' K&N Engineering, Inc.   ', ' Robert Bosch GmbH   ', ' Champion Laboratories, Inc.   ', ' Freudenberg Filtration Technologies SE & Co. KG   ', ' WIX Filters   ', ' UFI Filters Spa   ', ' ALCO Filters Ltd.   ', ' Hengst SE & Co. KG   ', ' Kuryakyn Holdings, LLC   ', ' MANN+HUMMEL Purolator Filters LLC   ', ' Fleetguard Filters Pvt. Ltd.   ', ' AC Delco   ', ' Sakura Filter Industries Co., Ltd. '

Increasing environmental pollution and warming concerns have compelled the government to enact specific regulations and emission standards for the automotive industry. One of the driving factors of the automotive filter market growth is the emission regulations and standards. As a result, consumers' preferences are shifting toward diesel engines that promote fuel efficiency. Furthermore, automotive filters help reduce fuel consumption and improve engine performance. The desire of consumers to save fuel costs by using less fuel is propelling the automotive filter market forward.

Major developments are bringing a significant impact on industry dynamics which include engine air filter tight space systems in commercial vehicle filters and the advancement of multi-filtration systems.

North America held the largest automotive filter market share in 2021, owing to rising demand for automobiles in countries such as the United States and Canada. Furthermore, rising vehicle manufacturing company investment in the production of automotive vehicles is boosting market growth.

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Global Automotive Filter Market

Product ID: SQMIG25A2056

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