Automotive Air Filters Market Size To Hit USD 5.4 Billion By 2025

Posted by Neha Bora on March 2nd, 2020

San Francisco, 2 March 2020: The Report Automotive Air Filters Market Size, Share & Trends Analysis Report By Product (Intake Filters, Cabin Filters), By Application (Passenger Cars, Commercial Vehicles), By End Use, By Region, And Segment Forecasts, 2019 – 2025

The global automotive air filters market size is expected to reach USD 5.4 billion by 2025, expanding at a CAGR of 4.8%, according to a new report by Grand View Research, Inc. Stringent government regulations related to automotive emissions, coupled with rising fuel-efficient vehicles, are likely to propel market growth.

Increasing global environmental pollution, coupled with stringent environmental regulations implemented by governments and NGOs, is expected to drive the overall market over the forecast period. In addition, initiatives undertaken by associations such as Car Care Council and Environmental Protection Agency are likely to spread awareness about the product among automotive manufacturers across the globe, thereby driving the market growth.

Rising automotive production in developing economies such as India, China, and Indonesia is projected to boost the demand for this product in the automotive industry. In addition, increasing air pollution in the aforementioned countries has resulted in implementation of strict emission regulations, which is further estimated to drive the market.

Major cities across the globe had more particulate concentration than the required values in 2014. This forced governments to advocate the use of efficient emission systems. Therefore, the market is expected to benefit from these government initiatives as air filters are a major contributor toward increasing engine efficiency.

Key market players including Mann+Hummel Holding GMBH; K&N Engineering, Inc.; Cummins Inc.; Mahle GmbH; and Robert Bosch GmbH are engaged in the manufacturing and distribution of a variety of products. In addition, these players are involved in establishing a strong distribution network across the globe by implementing strategies such as mergers, acquisitions, and joint ventures.

Access Research Report of Automotive Air Filters Market @ https://www.grandviewresearch.com/industry-analysis/automotive-air-filters-market

Further key findings from the report suggest:

• Cabin filters accounted for a market share of 49.5% in 2018, owing to their usage for maintaining a steady stream of fresh air in the vehicle cabin, coupled with their high frequency of replacement in automobiles
• The passenger car application segment dominated the automotive air filters market in 2018 and is estimated to reach USD 2.9 billion by 2025, due to rising demand for the product with growing automotive production across the globe
• The aftermarket end-use segment is projected to register notable gains and reach a revenue of USD 4.1 billion by 2025 driven by the replacement of cabin and intake filters on a regular basis as recommended by manufacturers
• The Asia Pacific region accounted for a market share of 50.9% in 2018 and is projected to reach USD 2.8 billion by 2025 owing to high automotive production in developing economies such as China, India, and Thailand
• Key participants are engaged in R&D activities to design and develop a wide-ranged product portfolio. In addition, the players are focusing on establishing and expanding their distribution networks across the globe.

Grand View Research has segmented the global automotive air filters market on the basis of product, application, end use, and region:

Automotive Air Filters Product Outlook (Revenue, USD Million, 2014 - 2025)

• Intake Filters
• Cabin Filters

Automotive Air Filters Application Outlook (Revenue, USD Million, 2014 - 2025)

• Passenger Cars
• Commercial Vehicles
• Two Wheelers

Automotive Air Filters End-use Outlook (Revenue, USD Million, 2014 - 2025)

• OEMs
• Aftermarket

Automotive Air Filters Regional Outlook (Revenue, USD Million, 2014 - 2025)

• North America 
• Europe 
• Asia Pacific 
• Central & South America
• Middle East & Africa