Press release
Automotive Air Filter Market to Reach $7.8 Billion by 2030, Growing at a 5.4% CAGR Amid Rising Demand for Vehicle Efficiency and Air Quality
Automotive Air Filters Market Size
Asia-Pacific region is expected to be dominating the global automotive air filters market owing to rise in production & sales of vehicles in the region. Countries in the region such as China and India, have recorded a growth in the sale of passenger cars. For in instance, in 2021, China recorded a growth of 6.6% in sale of passenger cars as compared to 2020.
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There has been increasing demand for multi-filtration system, which is capable of intercepting pollen, active charcoal, and particulates, which aids in reducing the contaminants that adversely impact the health of passengers, and provides comfortable, better, & healthier driving conditions. In addition, several automobile manufacturers are introducing multi-filtration system to provide clean air in vehicles. For instance, in July 2021, Hyundai Motor Group announced new technologies to improve quality of air in vehicles. The group unveiled three new air-conditioning technologies -"After-Blow", Multi-Air Mode", and "Fine Dust Indicator". These new technologies will be introduced initially on selected models in South Korea. "After-Blow" technology dries the condensate on the evaporator and suppresses mold growth in air-conditioning system, which can cause an odor during hot weather. "Multi-Air Mode" utilizes multiple vents for air conditioning and heating to create a more pleasant indoor environment with gentle wind. "Fine Dust Indicator" measures air inside the vehicle in real time and delivers digitized information, enabling the driver to better manage the air quality.
The cabin air filters to retain its dominant status by 2030
In terms of type, the cabin air filters segment accounted for the largest share of around more than half of the total market revenue in 2020. Also, the same segment would display the fastest growth with 5.9% CAGR from 2021 to 2030. The cabin air filters help in enhancing car's ventilation by removing particles like mold, bacteria, dust, and pollen from the air.
The passenger cars segment to grab the highest share by 2030
Based on vehicle type, the passenger cars segment held the highest share of more than four-fifths of the global automotive air filter market in 2020. The same segment is expected to manifest the fastest growth with 5.6% CAGR throughout the forecast timeframe. Numerous automobile manufacturers are introducing the latest passenger cars with enhanced cabin air filters to offer improved HVAC (Heating, Ventilation, and Air Conditioning) systems in vehicles.
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Asia-Pacific grabbed the major share in 2020
On the basis of regional analysis, the market across the Asia-Pacific region was largest in 2020, accounting for more than two-fifths of the global automotive air filter market. The growth of the market is driven by surge in sale of passenger cars with latest features to decrease carbon footprints. On the other hand, the Europe region would showcase fastest growth with 6.3% CAGR from 2021 to 2030, owing to surge in sales of EVs and cars across the region.
The significant factors impacting the growth of the automotive air filters market comprises introduction of regulations regarding emission of greenhouse gases, increase in demand for luxury vehicles with greater cabin comfort, and rise in production & sale of automotive. Moreover, factors such as rise in demand for electric vehicles is expected to be hampering the market growth. Furthermore, increasing demand for multi-filtration system, and technological advancements are expected to create new growth opportunities for automotive air filters market during the forecast period.
Automotive Air Filter Industry Leading Manufactures:
Cummins Inc.
Freudenberg Filtration Technologies SE & Co. KG
CabinAir Sweden AB
Alco Filters Ltd
General Motors Company (AcDelco)
Sogefi S.P.A
Ahlstrom-Munksjo Oyj
Robert Bosch GmbH
Mahle GmbH
Hanon Systems
MANN+HUMMEL International GmbH & Co. KG
Hengst SE
Donaldson Company, Inc.
Denso Corporation
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