Oct 14, 2021   SOURCE: BusinessWire

Global Automotive Filters Market (2021 to 2026) - Advancements in Filter Media/Technology Presents Opportunities - ResearchAndMarkets.com

The "Global Automotive Filters Market by Filter Type (Air, Fuel, Oil, Cabin, Coolant, Brake Dust, Oil Separator, Transmission, Steering, Dryer Cartridge, EMI/EMC, Coolant Particle), Air & Cabin Filter Media, Fuel & Vehicle Type, Aftermarket - Forecast to 2026" report has been added to ResearchAndMarkets.com's offering.

The automotive filters market post COVID-19 is estimated 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.

Brake Dust filter is the fastest growing market, by filter type

The brake dust filter is projected to be the fastest-growing segment in the automotive filters market. Brake dust filters are expected to play a significant role in reducing pollution caused by fine brake dust particles. Brake dust filters can be installed in existing spaces around disk brakes.

They can also be equipped in all types of drives, from electric vehicles and hybrid vehicles to classical gasoline or diesel vehicles. The market for brake dust filters has higher growth potential in Europe and North America, owing to technological advancement and a higher emphasis on pollution in these regions. All these factors are expected to drive the market growth for brake dust filters.

Dryer Cartridges for batteries is the largest market for electric vehicle OE market, by filter type

The market for dryer cartridges for BEV is estimated to be larger than PHEV by value and is also projected to register a higher CAGR during the forecast period. Dryer cartridges for batteries protect the battery system from water condensation, as the battery is regarded to be the most significant component in BEVs.

The installation of these cartridges enhances the overall protection of vehicles. The breathing of the battery system gets moistness into the interior, which can lead to the risk of water condensation at cooling plates. The air dryer cartridge adsorbs the water moisture and prevents water condensation, which could lead to electric shorts.

Dryer cartridges for batteries are a compulsory component for all-electric and hybrid vehicle types, as electric short circuits can lead to serious damage to the vehicle systems. Thus, considering the vital role of the dryer cartridges, the market is expected to remain the largest in the coming years.

Asia Oceania is estimated to be the fastest-growing, and North America to be the largest market for automotive filters

The Asia Oceania region has emerged as a promising market for the automotive industry and OEMs across the globe. The primary reason behind this trend is the Chinese market, which has evolved into the largest producer and consumer of automobiles across the globe. Vehicle parc is the key factor influencing the growth of the automotive filters market. China accounts for the largest share of the total vehicle parc in Asia Oceania.

Development in road infrastructure and an increase in miles driven annually are expected to drive the market growth for oil filters. A comparatively shorter replacement life of oil filters will require a replacement periodically. Also, large fleet vehicle volume, high environmental pollution, and low cost of filters are expected to drive the market in this region.

North America is the largest market as the automotive filter is a mature technology in the US and Canada. Also, the stringent emission standards for enhanced performance and comfort are expected to drive the market. Although no standard regulation is present in Mexico for automotive filters, developments are underway to harmonize them with the US. Thus, the growth of automotive filters is quite evident and the demand is expected to grow significantly in the region.

Market Dynamics

Drivers

  • Increasing vehicle production
  • Increasing sales of electric & hybrid vehicles
  • Growing vehicle parc and increase in miles driven annually

Restraints

  • Use of nonreplaceable filters

Opportunities

  • Advancements in filter media/technology
  • COVID-19 Impact: Presents new opportunities

Challenge

  • Unorganized aftermarket

Companies Mentioned

  • A.L. Filter
  • Acdelco
  • ADR Group
  • Ahlstrom-MUNKSJO
  • Apc Filtration
  • Dale Filter Systems
  • Denso
  • Donaldson
  • Fildex Filters
  • Filtran Llc
  • Freudenberg Group
  • Hengst
  • K&N Engineering
  • Lucas TVS
  • Mahle
  • Mann+Hummel
  • Robert Bosch
  • Sogefi
  • Toyota Boshoku
  • Valeo

For more information about this report visit https://www.researchandmarkets.com/r/g31yjx