Gmi Research's blog : Automotive Air Filters Market Trends, Share, Size 2022-2029

Gmi Research's blog

Automotive Air Filter Market was valued at USD 4.3 billion in 2021 and is estimated to touch USD 5.9 billion in 2029, increasing at a CAGR of 4.1% during the forecast period 2022-2029.

The factors driving the growth of Automotive Air Filter Market includes strict regulations imposed by Governments to reduce vehicular pollution, rise in the production of automobiles, growing demand for luxurious vehicles around the world and growing focus on enhancing engine’s performance. Moreover, technological advancements in air filters, expansion of the Automotive industry, growing demand for multi-filtration systems, strategic mergers and acquisitions between key industry players and rise in the launch of innovative products, are some of the additional factors supplementing the Automotive Air Filter Market size. In addition, the increasing investments by leading players on research and development, rapid urbanization, and rising population growth rates, are further contribution towards the market growth.

Request a free sample of this report

However, growth of the Automotive Air Filter Market is hindered due to rise in the sales of electric vehicles.

The leading players operating in the market are Donaldson Company, Inc., Cummins Inc., Sogefi SpA, MANN+HUMMEL, Parker Hannifin Corp., K&N Engineering, Inc., Hengst SE, Mahle GmbH, Ahlstrom-Munksjö and Robert Bosch GmbH, among others.

Based on End-Use, the Original Equipment Manufacturers (OEMs) segment is predicted to grow at a significant CAGR during the forecast period

Rise in the production of passenger vehicles and growing focus by OEMs on enhancing the quality of automobiles, are some of the factors responsible for the segment’s growth.

Based on Application, the Passenger Cars segment is projected to grow at a remarkable CAGR over the forecast period

Growing demand for luxury car components and rise in the launch of innovative cars, are propelling the growth of the segment.

Based on Region, the North American region is anticipated to hold the highest market share during the forecast period

Rise in the production of passenger vehicles, presence of the leading car manufacturers, growing demand for aftermarket services, increasing population growth rates and high per capita incomes, are some of the important factors augmenting the Automotive Air Filter Market share in North American region. 

Key Development

  • In 2020, MAHLE GmbH launched a smart AC System to decrease fine dust in the cabin of vehicles. This will help in fighting against the fine dust particles in the compartment of vehicles.

Market Segmentation

Segmentation by Product

  • Intake Air Filter
  • Cabin Air Filter

Segmentation by Application

  • Passenger Cars
  • Commercial Vehicles
  • Two Wheelers

Segmentation by End-Use

  • Original Equipment Manufacturers (OEMs)
  • Aftermarket

Segmentation by Region

  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of APAC
  • North America
    • United States of America
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • Rest of Europe
  • RoW
    • Brazil
    • South Africa
    • Saudi Arabia
    • UAE

About GMI Research

GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.

Media Contact
Company Name: GMI RESEARCH
Contact Person: Sarah Nash
Email: enquiry@gmiresearch.com
Phone: Europe – +353 1 442 8820; US – +1 860 881 2270
Address: Dublin, Ireland
Website: https://www.gmiresearch.com/

In:
  • News
On: 2022-12-14 07:37:35.313 http://jobhop.co.uk/blog/17049/automotive-air-filters-market-trends-share-size-2022-2029