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Automotive Air Filters Market Analysis by Type (Air Intake Filters, Cabin Air Filters); by Propulsion Type (Internal Combustion Engines and Electric); by Vehicle Type (Passenger Cars, Light Commercial Vehicles, and Heavy Commercial Vehicles) – Global Supply & Demand Analysis & Opportunity Outlook 2023-2033

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Inflation And Looming Recession to Haunt Businesses:

In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022.

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Purchasing power in the couPurchasing power in the country is expected to fell nearly by 2.5%. On the other hand, European countries to see the worst coming in the form of energy crisis especially in upcoming winters!! Right after COVID-19, inflation has started gripping the economies across the globe. Higher than anticipated inflation, especially in western world had raised concerns for national banks and financial institutions to control the economic loss and safeguard the interest of the businesses. Increased interest rates, strong USD inflated oil prices, looming prices for gas and energy resources due to Ukraine-Russia conflict, China economic slowdown (~4% in 2022) disrupting the production and global supply chain and other factors would impact each industry negatively.                                                         Request Insights

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IN THE NEWS

  • UFI Filters Spa - a global filtration technology and thermal management firm, has introduced its SOFIMA D+FEND Anti-virus cabin air filter for automobiles in India.

  •  Denso Corporation - offered a simple but effective cabin air filter replacement which represented a great profit opportunity for repairers and ensured improved air quality inside the vehicle, protecting customers against potential health problems.

Global Automotive Air Filters Market Size, Forecast, and Trend Highlights Over 2023 - 2033

Base Year

2022

Forecast Year

2023-2033

CAGR

~5%

Base Year Market Size (2022)

 ~ USD 5 Billion

Forecast Year Market Size (2033)

~ USD 11 Billion

 

The global automotive air filters market is estimated to garner a revenue of ~USD 11 billion by the end of 2033 by growing at a CAGR of ~5% over the forecast period, i.e., 2023 – 2033. Further, the market generated a revenue of ~USD 5 billion in the year 2022. The growth of the market can primarily be attributed to the growing threat of deteriorating air quality index as well as the rising presence of poisonous particles in the air worldwide. For instance, as per global research of 2020, it was discovered that up to 57,000 particles per cubic centimeter of poisonous particles were present in some roadside air samples.

air filter market overview image

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Automotive air filters remove bacteria, debris, and dust particles from the air that damage the internal combustion engine. The rising pollution level is a growing concern worldwide. Cabin air filters can remove even the smallest allergens and particles from the air, and helps to protect against allergies and lung disorders. An automotive air filter is now treated as an important component as they are essential in maintaining your car's performance. With the recent expansion in the automotive industry as well as sales, the demand for automotive air filters is on the rise amongst automobile manufacturers, which in turn, is expected to create massive revenue generation opportunities for the key players operating in the global automotive air filters market during the forecast period. For instance, it is expected that the global automotive industry will generate more than USD 3.5 trillion from auto sales by 2030.

Global Automotive Air Filters Market: Growth Drivers and Challenges

Growth Drivers

  • Rising Nitrogen Dioxide (NOx) Emission – Nox on streets in urban areas with heavy traffic has been a trending topic for years. Owing to the rising emission of NOx, the automotive air filters market is expected to escalate in the forecasted period. It was found that in 2021, approximately 7.5 million tons of nitrogen oxide (NOx) were emitted in United States.
  • Increasing Sales of Vehicles – for instance, it was found that more than 82 million vehicles were sold around the world in 2021.
  • Growing Concern About Poor Air Quality – owing to which over 6 million people die annually.
  • Increasing Cost of Congestion – for instance, road traffic congestion cost more than 1 % of the European Union’s GDP.

Challenges

  • High Cost of Research & Development

  • Stringent Norms for Product Performance

  • Low Awareness About the Benefits of Air Filters

The global automotive air filters market is segmented and analyzed for demand and supply by vehicle type segment into passenger cars, light commercial vehicles, and heavy commercial vehicles. Amongst these segments, the passenger cars segment is anticipated to garner the largest revenue by the end of 2033, backed by the growing number of cars along with the surge in the production of cars worldwide. For instance, a little more than 57 million cars were produced globally in 2021.

Global Automotive Air Filters Market Regional Synopsis

Regionally, the global automotive air filters market is studied into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Amongst these markets, the market in Asia Pacific is projected to hold the largest market share by the end of 2033, backed by the presence of a strong mobility network in the region, a growing number of vehicles as well as rising concern about increasing incidences owing to air pollution, along with the rising awareness amongst the of transport air pollution amongst the populace. For instance, it was found that every year ~70% of air pollution-related death occurs in Asia Pacific.

automotive air filter share image

The global automotive air filters market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook

Market Segmentation

Our in-depth analysis of the global automotive air filters market includes the following segments:

          By Type

  • Air Intake Filters
  • Cabin Air Filters

         By Propulsion Type

  • Internal Combustion Engines
  • Electric

          By Vehicle Type

  • Passenger Cars
  • Light Commercial Vehicles
  • Heavy Commercial Vehicles

Top Featured Companies Dominating the Global Automotive Air Filters Market

  • UFI Filters Spa
    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis
  • Denso Corporation
  • Freudenberg Group
  • Mann+Hummel International GmbH & Co. KG
  • ACDelco Corporation
  • Alco Filters Ltd.
  • Cummins Inc.
  • Donaldson Company, Inc.
  • Filtrak BrandT GmbH
  • Robert Bosch GmbH

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