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Automotive Filters Market Set to Reach $13.1 Billion by 2027

Automotive Filters Market Set to Reach $13.1 Billion by 2027

The automotive filters market is projected to grow from USD 11.1 billion in 2022 to USD 13.1 billion by 2027, at a CAGR of 3.3% for the same period. Increasing global vehicle production is the key factor driving the demand for automotive filters. Additionally, rising stringency in emission, fuel economy, and safety regulations will fuel the demand for automotive filters such as brake dust, DPF, GPF, & Urea. In addition, the increase in sales of electric vehicles would drive the demand for EMI/EMC filters.

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Diesel Particulate Filters are expected to dominate the automotive filters market during the forecast period

With increased stringency in emission regulations, the emission limits for PM is further decreased to 0.005 g/km in Euro VI, whereas the PM limits are set to 4.5mg/km in BS6 engines. Similarly, China 6a demands the PM to be limited to 0.0045 g/km. Such a decrease in PM limits has fueled the installation of DPFs. The DPF filters have major penetration rate in commercial vehicles, more than 50% commercial vehicles around the world are equipped with DPF filters because of stringent emission norms from various governments for diesel engines. High cost of DPF filters lead them as largest market in automotive filters market. The high cost of DPF filter is mainly due to high-quality filtration media, diesel oxidation catalyst, and the outlet tailpipe.

However, major global OEMs such as Volkswagen (Germany), General Motors (US), Ford Motor Company (US), and Mercedes-Benz (Germany) have committed to stopping the complete production of diesel cars in the future. Many European countries have also declared a ban on ICE vehicles during the varied period. This would negatively impact the DPF market for the passenger vehicle segment; however, heavy commercial vehicles are primarily run-on diesel engines. Hence, the DPF demand wouldn't be impacted much in heavy commercial vehicles.

North America is projected to be the largest aftermarket for automotive filters during the forecast period.

North America holds the largest automotive filters aftermarket by region, with oil filters leading the aftermarket demand across all vehicle types. The regional market growth is mainly driven by large vehicle parc and an increase in average miles driven per year in the US and Mexico. For instance, air, oil, cabin, and fuel filters require frequent & regular replacements; hence, these are the most replaced filters. Additionally, rising average miles driven and growing urban traffic have shifted the inclination towards automatic transmission such as DCT and CVT, which is expected to be reflected in vehicle parc in coming years. This will drive the demand for transmission oil filters in the aftermarket, mainly for regional passenger vehicles. Thus, rise in vehicle parc and increasing adoption of automatic, continuous variable, and dual clutch transmission systems would drive the aftermarket demand for common filters such as oil, air, fuel, and transmission filters.

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Agricultural tractors would dominate the off-highway vehicles filters market (ICE) over the forecast period

Agricultural tractors hold the largest share in the off-highway filters market owing to the increasing adoption of farm tractors in the Asia Pacific region. This growth could be attributed to government financial support to buy farm equipment, increasing crop production, and rising awareness about the advantages of tractors over manual labor. Common filters such as oil filters, fuel filters, and air filters are installed in all categories of farm tractors, irrespective of their power output. On the other hand, cabin filters are experiencing a significant demand in European countries as the tractors with higher power output, owing to larger farm sizes, can be used for multiple applications. However, in Europe and North America, OEMs such as John Deere (US), Farmtrac Tractors (Poland), New Holland (Italy), etc., are offering enclosed AC cabins in small to mid-range tractors, which is expected to benefit the market in the coming time

Key Market Players & Start-ups

The automotive filters market is led by globally established players such as Mann+Hummel (Germany), Donaldson Company, Inc. (US), Mahle GmbH (Germany), Robert Bosch GmbH (Germany), and AHLSTROM-MUNKSJÖ (Finland),. These companies adopted expansion strategies and undertook collaborations, partnerships, and mergers & acquisitions to gain traction in the high-growth market.

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