Automotive Air Filters Market to Be worth USD 8.72 Billion by 2030 With a CAGR of 7.3% Over the Forecast Period; Companies focus to Develop Novel Products Aid Growth

The global automotive air filters market size was valued at USD 5.15 billion in 2022. The market is projected to grow from USD 5.32 billion in 2023 to USD 8.72 billion by 2030, which is expected to grow at a CAGR of 7.3% over the forecast period. Fortune Business Insights™ presents this information in its report titled “Automotive Air Filters Market Size, Share & COVID-19 Impact Analysis, By Vehicle Type (Passenger Cars, Light Commercial Vehicles, and Heavy Commercial Vehicles), By Product Type (Air Intake Filters and Cabin Air Filters), By End-User (OEM and Aftermarket) and Regional Forecast, 2023–2030" The purpose of an automotive air filter is to remove debris from the outside air, such as dust, dirt, and sand. It stops them from entering the combustion chamber and causing harm to the engine components, cylinder walls, and piston rings. The market for manufacturing vehicles is growing, and the increasing demand for passenger automobiles will drive the use of these air filters.

Automotive Air Filters Market was Affected Negatively by Declining Car Sales

COVID-19 had a significant negative impact on the global automobile manufacturing sector and caused a worldwide stoppage of vehicle production. The fall in vehicle sales has a detrimental effect on the growth of this market because this industry's development is inversely correlated with vehicle manufacturing. In addition, the development of vehicle air filters was hampered by the high cost of filters, supply chain interruptions, labor and raw material shortages, and pricing changes.

Companies Concentrate on Collaborations to Create New Products

In October 2022, leading automaker Audi collaborated with MANN + HUMMEL, a producer of automotive air filters, to create air filters for the front of electric vehicles. Particulate matter can be collected using this new air filter while driving and charging.

Market Expansion is Being Fueled by Increased Auto Sales and Strict Government Regulations for Cleaner Air

One of the key elements boosting demand for air filters is the advent of strict government rules to regulate air pollution levels. For instance, the U.S. government passed the Clean Air Act, which mandates that all new engines and equipment sold in the country must be certified to satisfy emissions criteria set by the Environmental Protection Agency (EPA) in order to safeguard the environment and public health from air pollution. Similar to this, in February 2022, the EPA put up a proposal for a rule to cut down on greenhouse gases, particulate matter, and ozone emissions from heavy-duty engines and vehicles. These factors are expected to increase the global automotive air filters market share.

Although EVs don't have engine air filters, the preference for EVs as a form of transportation as opposed to ICEs may limit the sale of vehicle air filters and impede the market growth.

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Competitive Landscape

Businesses are Placing Strong Emphasis on New Product Launches and Partnerships to Get an Advantage

The businesses are concentrating on cost-cutting measures, strategic alliances, and acquisitions to improve their product offerings. For instance, in October 2021, Honda Automobile, in collaboration with Freudenberg, introduced a new air filter to protect the occupants of the car from pollution, dangerous germs, and even viruses.

Notable Industry Development:

• August 2020 – Tata Motors launched the Air-o-Pure 95 range of filters, purifiers, and an array of other health and hygiene accessories to provide a safe in-cabin experience for customers. The Air-o-Pure 95 Air Filter is capable of filtering out viruses and bacteria up to 0.3 microns, thereby improving the air quality in the cabin and saving customers from respiratory disorders and allergic reactions.

List of Key Players Profiled in the Report:

• Mann+Hummel GmbH (Germany)
• K&N Engineering, Inc. (U.S.)
• Denso Corporation (Japan)
• Donaldson Company, Inc. (U.S.)
• Robert Bosch GmbH  (Germany)
• Cummins, Inc. (U.S.)
• Hengst SE (Germany)
• Parker Hannifin Corporation (U.S.)
• Ahlstrom Corporation (Finland)
• Lydall Inc. (U.S.)

Further Report Findings:

• In terms of value, Asia Pacific is the largest market. Increasing passenger automobile demand in key nations such as China, India, and Malaysia is fueling regional growth by driving up demand for air filters.
• North America is anticipated to experience tremendous growth. Increased vehicle sales, adoption of cutting-edge technology, rising consumer desire for efficient and safe driving, among other factors, are all contributing to the market's favorable outlook.
• The market for air filters in Europe is expanding quickly due to the rapid expansion of aftermarket services and the presence of major automotive businesses. Moreover, the need for high-performing automobile air filters is fueled by strict government laws that limit vehicle pollution levels and safeguard public health.

Table of Segmentation