The Growth of Automotive Filters Market Driven Due to Continuous Increase in the Production of Passenger Vehicles

Market-Research

The competition amongst the players operating in the global automotive filters market is expected to intensify in the near future. The fragmented nature of competitive landscape likely to remain so due to an unstoppable influx of new players. The unprecedented rise of automotive sectors across the world as the global economy limps back to normalcy is projected offer many lucrative opportunities. Some of the leading players operating in the global market are MAHLE GmbH, Sogefi SpA, A.L. Filter, and MANN+HUMMEL GmbH.

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According to Transparency Market Research, the global automotive filters market stood at US$ 4.14 bn in 2016 and is expected to reach US$ 6.83 bn by the end of 2025 as the market promises to surge at a CAGR of 3.24%. During the forecast period of 2017 and 2025, the global market for automotive filters will be driven by air filters as the levels of pollutions continue to rise relentlessly across the globe. The new wave of rising disposable income and soaring investments in the automotive sector are expected make Asia Pacific a clear winner amongst all the other regional markets.

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Based on the types of automotive filters, the global market has been segmented into air filters, fuel filters, oil filter, air cabin filter, steering filter, hydraulic filters, and other filters. In 2016, the air filters and fuel filters segment held the highest market share of the global market. An air filter helps in cleaning the air that enters the engine for combustion. Fuel filter helps in cleaning the fuel that enters in engine for combustion. Various materials are used in car air filters including foam, paper, and cotton. The increase in pollution levels and requirement for high efficiency cars are likely to boost the demand for these filters during the forecast period. Growing carbon emissions and falling carbon emissions ceiling levels are predicted to attribute towards the growth of air, engine, fuel and oil filters preferably.