Light Vehicle (LV) Cabin AC Filters Market Analysis 2020: By Keyplayers Robert Bosch GmbH, Donaldson Company, Inc., MAHLE GmbH, Valeo SA, Denso Corporation, Sogefi SpA, ALCO Filters Ltd., ACDelco, Ahlstrom Corporation, Mann+Hummel GmbH, Freudenberg & Co.

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Impact Analysis of Covid-19

The complete version of the REPORT will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

Market Overview

Cabin AC filter is an integral part of the HVAC system that avoids the entry of airborne pollen, dust, and other allergic materials that can result in an unpleasant environment and can cause harm to individuals. It also maintains the quality of air inside the cabin of the vehicle. There are different types of filers namely particle filters, combined filters, anti-allergen filters, etc. On the basis of technology, the market is segregated into particle filter, combined filter, anti-allergen filter, and a very high-efficiency filter. Furthermore, on the basis of the sales channel, the market is divide into the original equipment manufacturers, original equipment suppliers, and the independent aftermarkets. On the basis of region, the market is divided into North America, Europe, Latin America, Asia Pacific, and Middle East & Africa.

The global Light Vehicle (LV) Cabin AC Filters Market was accounted for US$ 27,67.4 Mn in terms of value and 429,139 Thousand Units in terms of volume in 2019 and is expected to grow at CAGR of 5.1% for the period 2020-2027.

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Competitive Section

Key players involved in the global light vehicle (LV) cabin AC filters market are Robert Bosch GmbH, Donaldson Company, Inc., MAHLE GmbH, Valeo SA, Denso Corporation, Sogefi SpA, ALCO Filters Ltd., ACDelco, Ahlstrom Corporation, Mann+Hummel GmbH, Freudenberg & Co. KG, K&N Engineering, Inc., Airmatic Filterbau GmbH, Hengst SE & Co. KG, and EuroGIELLE S.r.l. 

Market Dynamics- Drivers

1. Stable rise in vehicle production worldwide is expected to drive growth of the global light vehicle (LV) cabin AC filters market during the forecast period

Globally, automotive sales are booming following the global shutdown. According to Organisation Internationale des Constructeurs d'Automobiles (OICA), automobile production is growing at a rate of around 4% annually since 2010. Global automobile production stood at 79 million units in 2011, comprising of both passenger and commercial vehicles, growing steadily to 90 million units in 2015. Constantly increasing demand for vehicles has compelled automakers to improve production output thereby boosting the production of cabin AC filters. According to Coherent Market Insights' analysis, in 2015, Production of light vehicles in North America increased by 2.1%, which corresponds to an increase in OEM sale of cabin air filters by 1.6%. Hence such factors are expected to drive the market growth in the near future.

2. Growing adoption of automotive cabin AC filters to remove pollutants is expected to propel the global light vehicle (LV) cabin AC filters market growth over the forecast period

Generally, HVAC automobiles do not filter air present at the outside of the vehicle, which is largely contaminated with impurities including biological to chemical pollutants such as microorganisms, pollen, suspended chemicals, etc. As HVAC system of a vehicle is operated in a closed environment, the contaminated air is enclosed inside the vehicle, which leads to increase in the concentration of hazardous contaminants in the cabin. Thus, these factors are expected to propel the global light vehicle (LV) cabin AC filters market growth over the forecast period.

Market Opportunities

1. Addition of cabin AC filters to older vehicles can present major business opportunities

The majority of automobiles that are produced after 1990 have in-built cabin AC filters. However, older vehicles with basic HVAC systems are not furnished with cabin AC filters. Consumers are becoming aware of the negative effects of air pollution on the human body. This is compelling many owners of older car models to install custom-made cabin AC filters in their vehicles' HVAC system.

2. Technological advancements in filter media technology can provide lucrative growth opportunities

Major companies in the market are focused on research and development activities, in order to innovate novel products. For instance, in December 2015, Robert Bosch GmbH launched brand new multi-effect air cabin filters in China. This new filter has an added functional filter layer, which is capable of removing PM2.5. Moreover, in July 2016, Sogefi SpA introduced A-brand SogefiPro for applications in heavy-duty vehicles.

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Market Trends

1. Incorporation of custom-made cabin AC filters is a major trend

Cabin AC filters are divided into four types based on the filtration media and purposes. Generally, a common filter is composed of fine mesh to collect large particles. Premium vehicles are generally equipped with more than one type of filter, in order to maintain the air quality in the cabin. These filters are placed at different locations in the vehicle's HVAC system. For instance, the particulate filter is placed at the air intake, while combined filter is situated near the vehicle's glove box.

2. Inorganic activities among major market players

Major companies in the global light vehicle (LV) cabin AC filters market are focused on mergers and acquisitions and collaboration activities, in order to enhance the market presence. For instance, in August 2016, Donaldson Company, Inc. acquired an automotive filter manufacturer Partmo, S.A., and established it as its subsidiary Filtros Partmo, S.A.S. to expand its sales in the Latin America region.

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