Global Automotive Filter Market Analysis 2023 – Market Size And Key Drivers

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The Automotive Filter Global Market Report 2023 by The Business Research Company, provides automotive filter market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.

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According to The Business Research Company’s Automotive Filter Global Market Report 2023, the global automotive filter market size will grow from $22.57 billion in 2022 to $24.43 billion in 2023 at a compound annual growth rate (CAGR) of 8.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global automotive filter is expected to grow to $31.69 billion in 2027 at a CAGR of 6.7%.

An increase in environmental concerns and stringent emission norms is contributing to the growth of the automotive filter market. Automotive filters help in increasing fuel efficiency and reducing emissions and greenhouse gases. According to a report published by a US-based online publication, Our World in Data, in 2020, 60% of road transport emissions will come from passenger travel (cars, motorcycles, and buses) and the remaining 40% from road freight (lorries and trucks). The government has developed strict emission regulations in response to the increase in greenhouse gas emissions in the environment.

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The automotive filter market is segmented:

1) By Filter Type: Fuel Filter, Oil Filter, Air Filter, Cabin Filter, Coolant Filter, Transmission Oil Filter, Other Filter Types

2) By Media Type: Cellulose, Fiberglass, Other Media Types

3) By Vehicle Type: Commercial Vehicles, Passenger Vehicles, Other Vehicle Types

4) By Material Type: Particle, Activated Carbon, Electrostatic

5) By Distribution Channel: OEM, Aftermarket

The use of cabin filters for making automotive filters has emerged as a key trend gaining popularity in the automotive filter market. The cabin air filter keeps dust, dirt, pollen, bacteria, and exhaust gases from entering the HVAC system of cars. These filters also block bugs, leaves, and other debris from clogging the system. For instance, in October 2021, Honda Cars India Ltd., an India-based premium car manufacturer, launched innovative anti-virus cabin air-filter for all its upcoming car. The new air-filter captures a wide range of harmful germs and allergens.

The automotive filter market report table of contents includes: