Future Market Insights (FMI), an ESOMAR-certified company, predicts that by 2032, the global automobile air filter market would be worth US$6,680 million, up from an estimated US$5,321.3 million in 2022. A CAGR of 2.3% is projected in the automotive air filter market over the forecast period.
Key Takeaways:
- The market for automotive air filters is expected to grow at a maximum CAGR of 2.1% in the cabin category.
- The automobile air filter market is expected to increase to 15% of the worldwide market in North America.
- By 2022, Europe will hold a 24% share of the global market for vehicle air filters.
- One of the fastest growth rates worldwide is projected for the automotive air filter market during the forecast period in APAC.
- In China, sales of electric cars are skyrocketing, and numerous automakers are still experimenting with this mode of transportation.
- Japan is one of the most significant markets for luxury automobiles in the Asia-Pacific region.
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The market for automobile air filters has expanded as a result of rising auto sales and manufacture, legislation limiting greenhouse gas emissions, and consumer demand for premium vehicles with improved passenger comfort. The growing popularity of electric vehicles is restricting the market’s growth for automobile air filters. Technology improvements and rising demand for multi-filtration systems are expected to present growth opportunities throughout the course of the projection period.
The constantly expanding automotive sector, particularly the vehicles market, has a positive impact on both the automotive air filter market and, more specifically, the cabin filter market. As consumers become more conscious of the necessity for air filters to preserve clean air and avoid dirt, the market for cabin air filters is growing.
Every automobile has a number of filters. This would encourage market growth for automobile air filters during the anticipated time frame, along with rising auto production. Along with increased auto manufacturing, this will hasten the growth of the automotive air filter market.
The North American automobile air filter market is expected to expand steadily throughout the course of the projection period. The market for automotive air filters in this region is being driven by the massive vehicle fleet and high average yearly mileage in countries like the United States and Mexico. In North America, passenger cars and light commercial vehicles (LCVs) occupy the bulk of parking spaces. The severe laws and regulations put in place by the governments of the United States and Canada to reduce alarming pollution levels are likely to support the growth of the automotive air filter industry.
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Competitive Landscape:
Some of the key players in the automotive air filter market include MANN+HUMMEL, Donaldson Company, Inc., NGK Insulators, Ltd., Sogefi SpA, Nirvana Being, Mahle International GmbH, C & R Fab Media Private Limited, Melkev Machinery Impex, Global Filters, and Simplex Corporation.
The vehicle air filter market is controlled by Freudenberg & Co. KG, Mann + Hummel GmbH, Sogefi SpA, and Donaldson Company Inc. The businesses have been expanding their business through the opening of additional facilities and the introduction of enhanced air filter types.
Additionally, particularly in the Japanese market, Toyota Boshoku provides cabin air filters for Toyota.
Key Segments Profiled In the Global Automotive Air Filter Market
Automotive Air Filter Market by Type:
- Cabin Automotive Air Filter
- Intake Automotive Air Filter
Automotive Air Filter Market by Filtering Media:
- Synthetic Automotive Air Filter
- Cellulose Automotive Air Filter
- Activated Carbon Automotive Air Filter
- Particle Automotive Air Filter
Automotive Air Filter Market by Region:
- Automotive air filter market in North America
- Automotive air filter market in Latin America
- Automotive air filter market in Europe
- Automotive air filter market in Asia Pacific
- Automotive air filter market in MEA
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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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