Press release
Automotive Filters Market is Driven by Increasing Demand for Vehicles and the Stringent Emission Norms
Air filters are used to remove airborne contaminants from the air that enters the engine. These contaminants can include dust, pollen, and other particles that can damage the engine. Fuel filters are used to remove impurities from the fuel that the engine uses. These impurities can include dirt, water, and other contaminants that can clog the engine or reduce its efficiency. Oil filters are used to remove impurities from the oil that lubricates the engine.
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Key Trends
The automotive filter market is driven by the increasing demand for passenger cars and light commercial vehicles. The market is further driven by the stringent emission norms set by various governments across the globe. The automotive filter market is classified into oil filter, air filter, fuel filter, and cabin filter. The oil filter segment is anticipated to grow at the highest CAGR during the forecast period. The air filter segment is estimated to be the largest market in 2021, followed by the oil filter segment. The increase in demand for passenger cars and light commercial vehicles is the major factor driving the growth of the automotive filter market.
The cabin filter segment is estimated to grow at the second-highest CAGR during the forecast period. The fuel filter segment is anticipated to grow at a moderate CAGR during the forecast period. The aftermarket segment is estimated to be the largest market in 2021, followed by the original equipment manufacturer (OEM) segment. The OEM segment is anticipated to grow at a higher CAGR during the forecast period. The Asia-Pacific region is estimated to be the largest market for automotive filters in 2021, followed by North America. The automotive filter market in the Asia-Pacific region is anticipated to grow at the highest CAGR during the forecast period.
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Key Drivers
The automotive filters market is expected to grow at a CAGR of 6.4% from 2021 to 2031. The market is driven by the increasing demand for vehicles, the stringent emission norms, and the need for effective filtration of particulate matter and other contaminants.
The automotive industry has been growing at a rapid pace, owing to the increasing demand for vehicles, particularly in the emerging economies. The rise in the number of vehicles on the road has led to an increase in the demand for automotive filters. The automotive filters market is expected to be driven by the stringent emission norms that have been implemented by various governments across the globe. The emission norms are becoming more stringent with the introduction of Euro 6 and other similar regulations. The automotive filters market is also driven by the need for effective filtration of particulate matter and other contaminants from the engine oil, fuel, and air.
The automotive filters market is expected to be restrained by the high cost of filters and the lack of awareness about the benefits of using automotive filters.
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Key Players
The major players in the automotive filter market are Robert Bosch GmbH, Cummins Inc., MANN+HUMMEL GmbH, Donaldson Company, Inc., ALCO filters, Lydall Inc., Toyota Boshoku Corporation, Mahle GmbH, Clarcor Inc., and DENSO Corporation.
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