DUBLIN--(BUSINESS WIRE)--The "Automotive Filter Global Market Report 2022" report has been added to ResearchAndMarkets.com's offering.
The global automotive filter market is expected to grow from $20.47 billion in 2021 to $22.24 billion in 2022 at a compound annual growth rate (CAGR) of 8.6%. The automotive filter market is expected to grow to $27.35 billion in 2026 at a CAGR of 5.3%.
North America was the largest region in the automotive filters market in 2021. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the automotive filter market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
An increase in environmental concerns and stringent emission norms is contributing to the growth of the automotive filter market. Automotive filters help in increasing fuel efficiency and reducing emissions and greenhouse gases. According to a report published by US-based online publication, Our World in Data, in 2020, 60% of road transport emissions will come from passenger travel (cars, motorcycles, and buses) and the remaining 40% from road freight (lorries and trucks).
The government has developed strict emission regulations in response to the increase in greenhouse gas emissions in the environment. For instance, in December 2021, for model years 2023-2026, the United States Environmental Protection Agency (EPA), a US-based government agency, released new national greenhouse gas (GHG) emissions requirements for passenger vehicles and light trucks.
The final guidelines would result in significant reductions in GHG emissions as well as other criterion pollutants. Therefore, the increase in environmental concerns and stringent emission norms will contribute to the growth of the automotive filter market going forward.
The use of cabin filters for making automotive filters has emerged as a key trend gaining popularity in the automotive filter market. The cabin air filter keeps dust, dirt, pollen, bacteria, and exhaust gases from entering the HVAC system of cars. These filters also block bugs, leaves, and other debris from clogging the system.
For instance, in March 2019, Sogefi, an Italy-based automotive parts company, launched Cabin3Tech+, an innovative cabin air filter. It filters large particles, neutralizes odors and hazardous fumes in the air (as an activated carbon filter), and stops up to 98.8% of fine particles, which are as small as 2.5 microns. Cabin3Tech+ has three layers for optimal protection: preliminary filtration, an activated carbon layer, and a melt-blown electrostatic layer.
In August 2019, MANN+HUMMEL, a Germany-based manufacturer of liquid and air filter systems, intake systems, and cabin filters, acquired Hardy Filtration for an undisclosed amount. With this acquisition, MANN+HUMMEL expanded its portfolio and production footprint in Canada, providing increased growth opportunities for the German group. Hardy Filtration is a Canada-based company that offers a complete line of HVAC filtration products and services, including dust collectors, compressed air treatment systems, and residential filters.
Major players in the automotive filter market are
- MANN+HUMMEL
- Robert Bosch
- Toyota Boshoku
- Cummins
- Parker Hannifin Corp
- Ahlstrom Corporation
- Denso
- Mahle GmbH
- Hengst SE
- Valeo SA
- Sogefi Group
- K&N Engineering Inc.
- Donaldson
- Dana Incorporated
- Grayson Thermal Systems
- Gentherm Inc.
- Hanon Systems
- Lennox International Inc.
- Modine Manufacturing Company Inc.
Key Topics Covered:
1. Executive Summary
2. Automotive Filter Market Characteristics
3. Automotive Filter Market Trends And Strategies
4. Impact Of COVID-19 On Automotive Filter
5. Automotive Filter Market Size And Growth
5.1. Global Automotive Filter Historic Market, 2016-2021, $ Billion
5.1.1. Drivers Of The Market
5.1.2. Restraints On The Market
5.2. Global Automotive Filter Forecast Market, 2021-2026F, 2031F, $ Billion
5.2.1. Drivers Of The Market
5.2.2. Restraints On the Market
6. Automotive Filter Market Segmentation
6.1. Global Automotive Filter Market, Segmentation By Filter Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- Fuel Filter
- Oil Filter
- Air Filter
- Cabin Filter
- Coolant Filter
- Transmission Oil Filter
- Other Filter Types
6.2. Global Automotive Filter Market, Segmentation By Media Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- Cellulose
- Fiberglass
- Other Media Types
6.3. Global Automotive Filter Market, Segmentation By Vehicle Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- Commercial Vehicles
- Passenger Vehicles
- Other Vehicle Types
6.4. Global Automotive Filter Market, Segmentation By Material Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- Particle
- Activated Carbon
- Electrostatic
6.5. Global Automotive Filter Market, Segmentation By Distribution Channel, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- OEM
- Aftermarket
7. Automotive Filter Market Regional And Country Analysis
7.1. Global Automotive Filter Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
7.2. Global Automotive Filter Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
For more information about this report visit https://www.researchandmarkets.com/r/aqxqyp
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