Allied Market Research published a report, titled, “Automotive Air Filters Market By Type (Air Intake Filters, Cabin Air Filters), By Vehicle Type (Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles), By Propulsion (ICE and Hybrid Vehicles, Electric Vehicles), By Sales Channel (Original Equipment Manufacturer (OEM), Aftermarket): Global Opportunity Analysis and Industry Forecast, 2021-2030.” According to the report, the global automotive air filter industry was estimated at $4.7 billion in 2020, and is anticipated to hit $7.8 billion by 2030, registering a CAGR of 5.4% from 2021 to 2030.
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Covid-19 scenario-
- Decrease in vehicle production and decline in sales of automobiles gave way to a shortage of automotive components, which resulted in delays of vehicles across the globe, thereby impacting the automotive air filter market negatively.
- However, as the global situation is getting better, the market is also projected to get back on track soon.
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The cabin air filters segment to dominate by 2030-
By type, the cabin air filters segment contributed to the major share in 2020, holding around more than half of the global automotive air filter market. The same segment would also cite the fastest CAGR of 5.9% during the forecast period, since it aids in improving the car’s ventilation by removing particles such as dust, mold, pollen, and bacteria from the air.
Asia-Pacific garnered the major share in 2020-
By region, the market Asia-Pacific had the lion’s share in 2020, generating more than two-fifths of the global automotive air filter market. Increase in sale of passenger cars with advanced features to reduce carbon footprints drives the market growth. The Europe region, however, is projected to portray the fastest CAGR of 6.3% by 2030. This is due to increase in sales of cars and electric vehicles in the province.
Key players in the industry-
- Denso Corporation
- Donaldson Company, Inc.
- Hengst SE
- MANN+HUMMEL International GmbH & Co. KG
- Hanon Systems
- Mahle GmbH
- Robert Bosch GmbH
- Ahlstrom-Munksjo Oyj
- Sogefi S.P.A
- General Motors Company (AcDelco)
- Alco Filters Ltd
- CabinAir Sweden AB
- Freudenberg Filtration Technologies SE & Co. KG
- Cummins Inc.
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