The global Automotive Filters Market in the pre-COVID scenario was projected to grow from USD 19.5 billion in 2021 to USD 23.1 billion by 2026, at a CAGR of 3.4%, during the forecast period. However, due to COVID-19, most of the countries have imposed a complete lockdown for almost more than two months, which, in turn, has impacted vehicle production. The automotive filters market is estimated to observe a decline post-COVID-19 due to the impact on vehicle production.
Automotive filters need to be replaced regularly for better performance and extended lifespan of the vehicle. The most frequently replaced filters are oil, fuel, and air filters, which are directly related to the vehicle engine. As the miles of the vehicle driven increase, the filter gets dirtier as it must filter various foreign and unwanted particles from air, fuel, or oil. Eventually, the filter media gets clogged by the dirt, thereby limiting the filter’s function.
The key companies profiled in the study are MANN+HUMMEL (Germany), Donaldson (US), Robert Bosch (Germany), MAHLE (Germany), Sogefi (Italy), Denso (Japan), Ahlstrom-Munksjö (Sweden), ACDelco (US), Hengst (Germany) and K&N Engineering (US).
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The increasing number of vehicles in use or on the road has a major impact on the aftermarket demand for automotive filters. The improving road infrastructure, the increasing average age of vehicles, and rising vehicle sales and demand across the globe are contributing to the increasing vehicle parc. For instance, according to the European Automotive Manufacturers Association, the EU motor vehicle fleet is getting older year-on-year. Passenger cars are now on average 11.1 years old, vans 11 years, and heavy commercial vehicles 12 years.
The Brake dust filters for OE market is projected to be the fastest from 2020 to 2026. Brake dust filters are yet to be commercialized on a larger scale. These filters are installed on top of brake discs and brake pads to capture the particles emitted during the braking process. Brake dust contributes significantly to the pollution caused by particulates during traffic. More than 90% of brake dust consists of ultra-fine particles, which have a negative effect on human health. Brake dust filters are installed mostly in trucks as trucks have bigger brake drums/discs and emit more particles during vehicle braking than other vehicle types. The European and North American regions will have higher installation rates as they are known for their early adoption of emission regulations, followed by Asia Pacific. Also, with the stringent emission standards for brake materials in automobiles, the adoption of brake dust filters is expected to grow in the future.
The passenger car segment is estimated to grow at the highest CAGR during the forecast period. Various advanced filters which are previously installed in HCVs are now being offered in premium vehicles. For instance, oil separators were previously offered in high-performance trucks but are now being offered in premium passenger vehicles. Increasing emphasis on air pollution and stringent regulations to improve fuel efficiency and reduce vehicle emissions are expected to drive new technological growth in filters required for passenger cars.
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Thus, the growing vehicle production with demand for enhanced fuel efficiency and performance and stringent emission standards is expected to drive demand for automotive filters. Increasing R&D and stringent regulatory standards is driving automakers to adopt filters in their models. Leading market players have adopted strategies of new product development and mergers & acquisitions to increase their share in the automotive filters market. These manufacturers have increased investments in product innovation and testing of material advancements for filtration. For instance, in April 2020, MANN+HUMMEL introduced FreciousPlus, its latest innovation in cabin air filtration. This filter blocks unpleasant smells and harmful gases, such as nitrogen oxides and ozone, from the outside air, while removing almost 100 percent of harmful particles, such as fine dust.
