What's Driving the Automotive Filters Market Growth? Ahlstrom Cummins Inc. Denso Corporation Donaldson Freudenberg Group K&N Engineering Lydall Inc. Mahle

Growing demand for efficient vehicle filters is estimated to drive global automotive filters market outlook. Rising environmental pollution along with strict regulations to reduce environment impact are the key factors fueling product demand.

Vehicles contain four main types of filters, including cabin filter, fuel filter, air filter, and oil filter. The function of filters is to regulate flows and trap impurities such as dust, dirt, suspended particles and impurities in the fuel or the dirt in the motor oil. As contaminants have a harmful impact on the engine and mechanics, vehicle filters are supposed to be replaced from time to time.

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Rising environmental concerns due to a carbon emissions and a significant rise in pollution will drive automotive filters market share in the forecast timeframe. Governments have laid down strict regulations and policies to coerce automakers to curb the emission of harmful gases. There is a strong presence of contaminants in the engine and the surroundings of the vehicles which has induced major demands for automotive filters capable of reducing them.

Global automotive filters market size will surpass USD 19 billion by 2025. Key supplies and manufacturers of automobile filters include Toyota Boshoku, Robert Bosch, Parker Hannifin Corp., Mahale GmbH, MANN+HUMMEL, Ahlstrom Corporation and Cummins. These firms have been indulging in various mergers and acquisitions as well as making investments into research and development to expand customer reach and portfolio.

Expanding passenger vehicle base across the globe is likely to transform automotive industry trends over the analysis period. Global passenger vehicle market is forecast to cross the USD 1.5 trillion mark by 2023. Rise in vehicle financing options by several financing organizations has resulted in easy purchase of vehicles. Increasing sale of vehicles will favor the demand for automotive filters. Moreover, rising demand for passenger vehicles in urban areas due to upsurge in disposable incomes will favor business expansion.

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Asia Pacific is likely to emerge as a pivotal growth ground for automotive filters market. The regional growth is stemmed from increasing average age of cars, which calls for frequent aftermarket services, including automotive filter replacement. As per estimates, Asia Pacific automotive aftermarket is likely to exceed USD 145 billion by 2022. In addition, the regional governments are encouraging domestic production to boost economic growth, which will favor automotive filters market growth. For instance, initiatives such as "Make in India" by India and "Made in China" by China have positively impacted automotive production in these countries. The same can be validated by the expansion of Wuxi manufacturing plant in 2018 by Donaldson filtration solution in China. With the expansion, the firm has not only been able to increase its air filter manufacturing capacity but has also set up first Chinese-based liquid filtration production facility.

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