The Automotive Filters Market (OE) is estimated to grow at a CAGR of 4.35% from USD 2.93 billion in 2018 to USD 3.94 billion by 2025 and the automotive filters aftermarket is estimated to grow at a CAGR of 1.14% from USD 21.53 billion in 2018 to USD 23.31 billion by 2025. The automotive filters aftermarket is driven by the increasing vehicle parc and the stringent emission norms equivalent to Euro 6. Whereas, the OE market is driven by increasing vehicle production, sales, and stringency in emission norms. Also, increasing demand for electric and hybrid vehicles will also have a positive impact on the automotive filters market.
Automotive Filters Market ecosystem consists of manufacturers such as MANN+HUMMEL (Germany), Donaldson (US), Robert Bosch (Germany), MAHLE (Germany), Sogefi (Italy), Denso (Japan), Ahlstrom-Munksjö (Sweden), ACDelco (US), Hengst (Germany), and K&N Engineering (US); OEMs such as Volkswagen (Germany), Daimler AG (Germany), Ford Motor Company (US), Hyundai Motor Company (South Korea), Toyota Motor Corporation (Japan), Tata Motors (India), Mahindra & Mahindra Ltd (India); and component manufacturer associations such as Automotive Component Manufacturers Association of India (ACMA), Japan Automotive Manufacturers Association (JAMA), European Automobile Manufacturers’ Association (ACEA), and Canadian Vehicle Manufacturers’ Association.
Brake dust filters are yet to be commercialized at a larger scale. It is installed above the brake disc and brake pads to capture the particles emitted during the braking process. The brake dust contributes significantly toward the particulate pollution. More than 90% of the brake dust consists of ultra-fine particles which have a negative effect on human health. The adoption rate of brake dust filter is estimated to be higher in Europe and North America region as these regions are known for the early adoption of emission norms. Brake dust filters will have a huge impact on the automotive filters market as these are used to reduce pollution.
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1270
The diesel fuel filters market is estimated to be the fastest-growing fuel filters market during the forecast period. Diesel filters are mostly used in LCVs and HCVs as most of the vehicles from the commercial vehicle segment are diesel-powered. However, based on recent trends, the demand for diesel engines has increased in passenger cars, resulting in an increase in demand for passenger car fuel filter. More than 97% of HCVs are equipped with a diesel engine across the region. North America is growing at a fast pace for the diesel filter segment. This is fueled by the fact that the US has a target of 54.5 mpg by 2025, which can be met only by increasing the number of diesel passenger cars on road. Diesel fuel filters market offers huge opportunities for Automotive filters manufacturers. They can focus on developing advanced diesel fuel filters to capture the market.
Electrostatic cabin filters market is estimated to be the fastest-growing market during the forecast period, by value. In the present scenario, the market for electrostatic cabin filter is at a nascent stage. These filters protect against microscopic particles of dust, allergens, harmful gasses, and bacteria to provide the cleanest air possible inside the vehicle. These filters are mostly installed in premium vehicles. Hence, European and North American markets are estimated to lead the market for electrostatic filters as these two regions are known for the production of premium vehicles. Cabin filters manufacturers can exploit this opportunity and can focus on Europe and North America regions. Filter manufacturers who are not into the electrostatic cabin filters market can start focusing on manufacturing these filters.
The US is thus home to the largest aftermarket for automotive filters in the world. Hence, it can be inferred that the US is a matured market for automotive filters. Moreover, the lack of a dense public transport network in North America and a wide geographical area of the region have compelled people to travel in their own vehicles. The average miles driven in North America is, therefore, higher than other regions. Hence, North America is estimated to be the largest automotive filters aftermarket during the forecast period, by value.
Request for Sample Pages @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=1270
• Automotive filters suppliers
• Dealers and distributors of automotive filters
• Industry associations
• Manufacturers of automotive filters
• Supportive raw material suppliers for automotive filters
• Vehicle components/systems manufacturers
Company Name: MarketsandMarkets
Contact Person: Mr. Shelly Singh
Email: Send Email
Address:630 Dundee Road Suite 430
Country: United States