CHICAGO, April 17, 2023 (GLOBE NEWSWIRE) -- "Air Filter for Automotive Market" is the title of a new report from Data Bridge Market Research. Key growth strategies, drivers, opportunities, key segments, Porter's Five Forces analysis, and competitive environment are all dissected in detail in the research. An important Air Filter for Automotive market research study helps in planning by providing accurate and state-of-the-art information about the consumer’s demands, preferences, attitudes, and their changing tastes about the specific product. It estimates the market share and possible sales volume of a client company. The industry report makes familiar with the types of consumers, their views about the product, their buying intentions, and their ideas for the step up of a product. Moreover, Air Filter for Automotive market survey report discovers better and new methods to distribute the products to consumers and also recognize the extent of the marketing problems.
A high quality Air Filter for Automotive research report guides the manufacturer about planning of advertising and sales promotion efforts thereby making it more effective. It not only restrains the risks of ambiguity but also assists in taking sound decisions. Furthermore, the market report helps keep hold of reputation of the firm and its products. Whether it is about the product, customer, competitor or marketing strategy, market research analysis report helps drive the business in a right direction. To gain competitive advantage and to thrive in the market, choose Air Filter for Automotive market report.
Data Bridge Market Research analyses that the air filter for automotive market is expected to reach USD 6550.10 million by 2030, which is USD 4048.11 million in 2022, at a CAGR of 6.20% during the forecast period. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
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Automotive air filter is used to filter the air which is entering into the vehicle and remove the solid particulates such as debris, dust, pollen for efficient cabin ventilation and engine performance. It is generally made up of spun fiberglass material or from pleated cloth or paper enclosed in a cardboard frame. The main function of an air filter in automotive is to clean and filter outside air before it enters into the engine of the vehicle to maintain proper torque and engine power.
Growing sales of vehicles due to increasing disposable income among consumers all over the globe has resulted in the high growth of the passenger car which eventually increase the demand for the air filter for automotive market. Moreover, increasing demand for luxury car components, including intake manifolds for improved vehicle efficiency and premium-quality filters for HVAC systems is likely to benefit the demand for the automotive air filters. Also, these luxury cars require regular replacements of air filters to maintain the optimum performance of vehicle, which is expected to benefit market growth.
The Global Market Is Analyzed in Depth in the Latest Study. Taking into account the current level of competition and its projected evolution over the next few years.
Rapidly increasing demands, a rise in industrialization, consumer awareness, growing sectors, and technical improvements are fueling the expansion of the global Air Filter for Automotive market. Sales and revenue in this sector have increased at an exponential rate. The market's size and growth are both expected to increase thanks to the factors driving the market's expansion over the projected period.
Leading businesses in the worldwide Air Filter for Automotive market are investing heavily in R&D in order to build a larger client base and expand their share of the market by reintroducing improved products to consumers. All of the companies' strategy, as well as their financial health, revenue, gross margin, and growth rate, are detailed in the study.
Some of the major players operating in the air filter for automotive market are:
- Panasonic Holdings Corporation (Japan)
- DENSO CORPORATION.(Japan)
- Robert Bosch GmbH (Germany)
- 3M (U.S.)
- Mahle GmbH (Germany)
- MANN+HUMMEL (Germany)
- SHARP CORPORATION (Japan)
- Koninklijke Philips N.V. (Netherlands)
- Eureka Forbes (India)
- Xiaomi (China)
- Cuckoo (India)
- Guangzhou Ionkini Technology Co. Ltd. (China)
- Honeywell International Inc. (U.S.)
- KYOTO MACHINERY (Japan)
- LIFA Air Ltd. (Finland)
- Power4 Industries Limited (China)
Recent Development
- In 2021, RPS Products, a US-based manufacturer of air filters for numerous applications, was acquired by Freudenberg Filtration Technologies, a South Africa- for an undisclosed amount. This acquisition would grow Freudenberg’s business in North America.
- In 2021, Nirvana Being launched its artificial car cabin filter solutions to provide protection from pollution. The Nirvana Being Company is mainly targeting South Asian potential markets, such as India, to gain a larger market share.
- In2021, Mann+Hummel announced their plans to launch the first vehicle, which incorporated with Mann+Hummel’s high efficiency particulate air (HEPA) filter to protect against automobile air pollution.
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Investing in this study would grant you access to valuable information, including:
- Comprehensive coverage of the Air Filter for Automotive Market, both globally and broken down by regions.
- Regional-level breakdowns of the market, including North America, Europe, Asia Pacific, South America, and the Middle East & Africa.
- Country-specific market size splits for the most important countries with major market shares.
- Market share and revenue/sales data for the industry's leading players.
- Analysis of market trends such as emerging technologies, products, and start-ups, as well as PESTEL Analysis, SWOT Analysis, Porter's Five Forces, and more.
- Detailed market size data, including breakdowns by application/industry verticals.
- Projections and forecasts for the market's future growth and development.
Opportunities
- Increasing government stringent emission norms
The government has developed strict emission rules in response to the rising greenhouse gas emissions in the environment. For instance, for model years 2023 to 2026, the United States Environmental Protection Agency (EPA), a US-based government agency, released new national greenhouse gas emissions requirements for light trucks and passenger vehicles in December 2021. The final guidelines would result in major declines in GHG emissions and other criterion pollutants. Thus, the rise in increasing government stringent emission norms will contribute to the growth of the automotive filter market and create lucrative opportunities for the market during the forecast period.
- Surging usage of cabin air filters in automotive
The use of cabin air filters for making automotive air filters has developed as a key trend which is gaining popularity in the air filter for automotive market. The cabin air filter keeps pollen, bacteria, exhaust gases, dust and dirt from entering the HVAC system of cars. These filters also block leaves, bugs, and other debris from blockage the system. For instance, Honda Cars India Ltd., an India-based premium car manufacturer, has introduced innovative anti-virus cabin air-filter for all its coming cars in October 2021. The new air-filter captures an extensive range of allergens and harmful germs. Thus, surging usage of cabin air filters in automotive will create immense opportunities for the market's growth rate.
Key Market Segments Covered in Air Filter for Automotive Industry Research
Type
- Cabin Air Filter
- Intake Air Filter
Filter Media
- Synthetic
- Activated Carbon
- Cellulose
- Others
Vehicle Type
- Passenger Car
- Light Commercial Vehicles
- Heavy Duty Commercial Vehicle
- Others
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Distribution Channel
- Aftermarket
Key Industry Drivers:
- Increase in environmental concerns
An increase in environmental concerns is heavily contributing to the growth of the air filter for automotive market. Automotive air filters help reduce emissions and greenhouse gases and increase fuel efficiency. According to a report published by a US-based online publication, Our World in Data, 60 percent of road transport emissions will come from passenger travel such as motorcycles, cars, buses and the remaining 40 percent from road freight such as trucks and Lorries in 2020. Therefore, an increase in environmental concerns due to harmful emissions surges the demand for the automotive air filter, which eventually drives the market growth rate.
- Growing vehicle production
A decline in production of vehicle owing to COVID-19 directly impacts the growth of the air filter for automotive market. However, a forecasted sturdy recovery in vehicle production in 2021 would support the growth of the targeted market in upcoming years. The market for automotive air filters is expected to develop because increasing consumer awareness regarding vehicle air quality. This will fuel the growth of the market during the forecast period.
Air Filter for Automotive Market Regional Analysis/Insights:
The countries covered in the air filter for automotive market report are report U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (M.E.A.) as a part of Middle East and Africa (M.E.A.), Brazil, Argentina and Rest of South America as part of South America
Asia-Pacific dominates the air filter for automotive market in terms of revenue owing to the automotive industry's growth coupled with the high prevalence of numerous manufacturers in this region
North America is projected to be the fastest developing region during the forecast period of 2023-2030. This is mainly owing to changing consumer preferences and growing per capita income of the people coupled with adoption of favorable regulations regarding the usages of efficient, lightweight and strong materials in this region
Key Coverage in the Air Filter for Automotive Market Report:
- Detailed analysis of Global Air Filter for Automotive Market by a thorough assessment of the technology, product type, application, and other key segments of the report
- Qualitative and quantitative analysis of the market along with CAGR calculation for the forecast period
- Investigative study of the market dynamics including drivers, opportunities, restraints, and limitations that can influence the market growth
- Comprehensive analysis of the regions of the Air Filter for Automotive industry and their futuristic growth outlook
- Competitive landscape benchmarking with key coverage of company profiles, product portfolio, and business expansion strategies
Table of Contents:
- Introduction
- Market Segmentation
- Executive Summary
- Premium Insights
- Global Air Filter for Automotive Market: Regulations
- Market Overview
- Global Air Filter for Automotive Market, By Type
- Global Air Filter for Automotive Market, By Filter Media
- Global Air Filter for Automotive Market, By Vehicle Type
- Global Air Filter for Automotive Market, By Distribution Channel
- Global Air Filter for Automotive Market, By Region
- Global Air Filter for Automotive Market: Company Landscape
- SWOT Analyses
- Company Profile
- Questionnaires
- Related Reports
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