Automotive filter market
During the forecast period of 2023-2028, the automotive filter market size will grow at a compound annual growth rate of 3.5%
30 NORTH GLOUD STREET, Wyoming, United States, September 13, 2023 /EINPresswire.com/ — Automotive Filter Market Outlook
The automotive filters market will be worth approximately US$16.7 billion by 2022, according to a new report by Expert Market Research titled “Global Automotive Filters Market Analysis, Share, Size, Report and Forecast, 2023-2028”. With the development of high-performance vehicles and the growing application of automotive filters in various automotive subsystems, the market is expected to further grow at a CAGR of 3.5% between 2023 and 2028. The value will reach US$17.28 billion.
Automotive filters are an integral part of your vehicle, ensuring optimal performance and longevity by filtering out harmful debris and contaminants from various subsystems. These filters include air filters, oil filters, fuel filters and cabin filters, and play a key role in increasing engine efficiency, reducing vehicle emissions and improving cabin air quality.
Growing consumer preference for high-performance vehicles is driving the growth of the global automotive filters market. With increasing awareness of the role of regular maintenance and high-quality components in vehicle performance and longevity, there has been a significant shift toward vehicles equipped with high-quality filters, resulting in increased demand for automotive filters. Additionally, the rise in vehicle customization has further fueled the growing popularity of automotive filters as they are a key component in performance tuning and modifications.
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The expanding application of automotive filters in various vehicle subsystems also plays a vital role in driving the development of the automotive filter market. For example, in engine systems, filters are used to prevent harmful particles from entering the engine, thus maintaining optimal engine performance and service life. HVAC systems in vehicles use cabin filters to filter out dust, pollen, and other pollutants to improve the air quality inside the vehicle.
Furthermore, stringent emission regulations and growing environmental awareness have led to an increasing focus on automotive filters as an important component in reducing vehicle emissions, thus contributing to the growth of the automotive filter market. With the heightened focus on sustainability and clean energy, automotive filters have become a key element in the quest for greener and more energy-efficient vehicles.
Additionally, rapid advances in filtration technology and materials are opening new avenues for developing more efficient and durable filters. The growth of nanofiber filtration media and increasing use of synthetic materials is expected to drive the growth of the automotive filters market.
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Automotive Filter Market Segmentation
The market can be segmented on the basis of media type, filter type, distribution channel, vehicle type, and region.
Market segmentation by media type
Market Segmentation by Filter Type
Market segmentation by distribution channel
Market segmentation by vehicle type
Market segmentation by region
Middle East and Africa
The EMR report examines global automotive filter companies’ market share, plant turnover, production capacity, investments, acquisitions and mergers, and other key developments. Some of the key players explored in the expert market research report are as follows:
Denso Co., Ltd.
Hollingsworth & Voss
MANN+HUMMEL INTERNATIONAL GmbH
Parker Hannifin Corporation
Robert Bosch GmbH
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