The intake filter media global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Intake Filter Media Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The intake filter media market size has grown steadily in recent years. It will grow from $5.85 billion in 2023 to $6.11 billion in 2024 at a compound annual growth rate (CAGR) of 4.4%. The growth in the historic period can be attributed to increasing vehicle production, stringent emission standards, engine performance optimization, consumer awareness of air quality, expansion of aftermarket segment.
The intake filter media market size is expected to see steady growth in the next few years. It will grow to $7.4 billion in 2028 at a compound annual growth rate (CAGR) of 4.9%. The growth in the forecast period can be attributed to electrification of vehicles, stricter emission standards improved engine efficiency, enhanced air quality monitoring, engine downsizing and turbocharging. Major trends in the forecast period include nanofiber technology adoption, multi-layered filtration media, eco-friendly and sustainable materials, customization for performance vehicles, digitalization and connectivity.
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Scope Of Intake Filter Media Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Market Drivers –
The rising demand from the automotive industry is expected to propel the growth of the intake filer media market going forward. Engines need cleaner air for better combustion and lower emissions. The demand for air filters with superior intake filter media is expected to increase significantly over the projection timeframe as it gives the engines cleaner air. For instance, in April 2022, European Automobile Manufacturers Association, a Belgium-based standards group for automotive industries, the global production of automobiles increased by 1.3% from 2020 to 79.1 million units. This increase in the production of motor vehicles requires air filters for engine safety. Therefore, the rising adoption of air filters in automobiles is anticipated to fuel the growth of the intake filter media market.
Market Trends –
Product innovations have emerged as the key trend gaining popularity in the 5G chipset market. The major players in the market are developing innovative products for market growth. For instance, in June 2021, Samsung Electronics, a South Korea-based electronics company, developed 3GPP Rel.16 compliant chipsets, a range of next-generation 5G chipsets that deliver cutting-edge 5G technologies. The new chipsets consist of a second-generation 5G modem System-on-Chip (SoC), a third-generation mmWave Radio Frequency Integrated Circuit (RFIC) chip, and a Digital Front End (DFE)-RFIC integrated chip. These are designed to increase power efficiency, boost performance, and reduce the size of 5G solutions.
The intake filter media market covered in this report is segmented –
1) By Filter Media: Cellulose, Synthetic
2) By Vehicle Type: Passenger Car, Commercial Vehicle, Construction Equipment, Marine Vessels, Other Vehicle Types
3) By Distribution Channel: Original Equipment Manufacturer (OEM), Aftermarket
4) By Application: Automotive, Aerospace, Marine, Other Applications
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Regional Insights –
Asia-Pacific was the largest region in the intake filter media market in 2023. The regions covered in the intake filter media market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Key Companies –
Major companies operating in the intake filter media market report are Ahlstrom-Munksjö Oyj, DENSO Corporation, Donaldson Company Inc., Porvair Filtration Group Ltd., MAHLE GmbH, General Motors Company, Brackett Aero Filters Inc., Hengst SE, K&N Engineering Inc., Parker Hannifin Corporation, Sogefi SpA, Toyota Boshoku Corporation, Mann+Hummel Gruppe, Shelco Filters Corp., All Filters LLC, Freudenberg Filtration Technologies SE & Co. KG, Lydall Inc., Hollingsworth & Vose Company, Filtration Group Corporation, Cummins Filtration Inc., Roki Co Ltd., UFI Filters SpA, Valeo SA, Wix Filters, Zhejiang Universe Filter Co. Ltd., Automotive Corporation of Delaware, Advanced Engine Management Inc., Baldwin Filters Inc., Champion Laboratories Inc., Clarcor Inc.
Table of Contents
1. Executive Summary
2. Intake Filter Media Market Report Structure
3. Intake Filter Media Market Trends And Strategies
4. Intake Filter Media Market – Macro Economic Scenario
5. Global Intake Filter Media Market Size and Growth
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31. Global Intake Filter Media Market Competitive Benchmarking
32. Global Intake Filter Media Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Intake Filter Media Market
34. Intake Filter Media Market Future Outlook and Potential Analysis
35. Appendix
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