Automotive Filter Market 2022 – Segments Analysis, Industry Trends, Manufacturers Analysis, Opportunities and Market Size & Forecast 2030

The Global Automotive Filter Market to witness significant growth at 6.3% CAGR during the 2022-2030 period.

The market is expected to reach 26.9 billion by 2030 end, thanks to a major demand from emerging countries, and aftermarket car sales. International Energy Agency (IEA) estimated that the sales of Electric Vehicles (EVs) doubled in 2021 to reach nearly 6.6 million. The growth forecast of EVs has led to a pushback on the purchase of new vehicles, resulting in a groundbreaking growth of used vehicles, and booming aftersales market. Furthermore, while disruption by EVs remains on the horizon, the disruption may be highly exaggerated. For example, in some of the largest auto markets like China, the sales of EVs have experienced a deep as subsidies wane off, and lack of public infrastructure continues to play a pivotal role in preference for traditional vehicles globally.

Automotive filters or simply car filters are filtration devices used to catch impurities like dust, carbon, excessive heat, among others. These filters are designed to improve or maintain the flow of the fuel, and provide the engine with the much-needed efficiency. Some common filters in vehicles include fuel filter, oil filter, cabin filter, and air filter. As EVs make their way into the world of transport, some filters like fuel filter, oil filter can face extinction if the EV development really takes off as expected. However, many other filters like air filters, cabin filter designed to catch air impurities are likely to remain strong in the business. Moreover, new types of filters designed to shun excessive electrical voltage, and keep electric usage in check also continue to promise new opportunities for growth.

Automotive Filter Market: Notable Developments

Steelbird International, an international automotive filter manufacturing company plans to set up new plants in both India (Rajasthan) and Bangladesh to meet the growing demand for filters in emerging markets. The company expects a 30% y-o-y growth in the upcoming years. According to the company spokesperson, "For the next 10 years, we do not see a disruption to our business from new technologies like the EVs." The company has also forayed into new areas of technologies such as vulnerability management, compliance validation to meet the growing demand from OEMs, and component manufacturers.

German auto giant, Audi displayed an advanced air filter, which can absorb carbon from the atmosphere as the car drives around. The pilot project successfully lowered particulate matter from the atmosphere in the cities, while both driving, and charging of the vehicle. Moreover, the air filter also catches small particulate matter, which are invisible to the naked eye, promising a major growth opportunity in the global chase of a sustainable development scenario as governments around the world promise more legislations supporting a cleaner environment.

Automotive Filter Market: Product Insights

There are two main types of car filters in the market today. These are filters made up of cellulose media, and synthetic media filters. Among these, the cellulose media filters have captured major pockets of the market, thanks to their cost-effectiveness. However, the synthetic media filters continue to gain grounds, thanks to their ability to filter out increased flow area, less sensitivity to water, and high performance. These filters are ideal for performance, resulting in higher fuel efficiency, making them an ideal fit in an increasingly green legislation landscape.

The lifespan of filters is also increasingly important to both consumers, and car manufacturers. The development for filters with longer lifespan remains robust. Key players like MANN+HUMMEL remain committed to advancement of filters in this area. The introduction of more EV scenario may push the race in favor of synthetic media filters as demand for higher efficiency, and longer range of batteries remains a primary concern for consumers, and EV markers.

Automotive Filter Market: Opportunity Analysis

The BEV segment or the Battery Vehicle Segment is expected to offer the highest opportunity for growth for players in the automotive filter market. The BEV segment is growing at much faster pace as compared to its counterparts like PHEV or Plug-In Hybrid Electric Vehicles. Earlier, the battery driven segment faced many challenges including lagging charging infrastructure, limited number of electric models, low-cost options for mass adoption, and limited range.

However, as global manufacturers around the world enter the race to build the best EVs, BEVs and PHEVs both witness tremendous adoption around the world. Furthermore, options like EVs under USD 10,000 have also made their way into key auto markets of India, and China. Despite the waning of subsidies, these vehicles are likely to drive momentum of growth for players in the automotive filter market.

Automotive Filter Market: Regional Highlights

The automotive filter market report segments the globe into key regions including North America, Europe, Asia Pacific, South America, and Middle East & Africa. Among these, North America is expected to account for a dominant share of the total revenues. The region remains home to one of the largest auto markets globally, and aftersales remain at a record high.

Furthermore, the growing sales of EVs like Tesla, and growing innovation by other manufacturers like Ford promise major growth for the region in the near future. Asia Pacific is likely to account for second-highest share of the total revenues during the forecast period. Europe also remains a strong contender for the second spot as favorable legislations, and growing prospects of small, economy car also promises considerable growth for the region.

Automotive Filter Market: Market Landscape

Automotive filter market promises a tough competition for new players as concentrated market shares remain a prominent feature of the global landscape.  Despite the tough competition, as horizons of EV development make way for innovation, this remains the promising period for entry in the automotive filters market. Some major players in the market are Robert Bosch GmbH, DENSO Corporation, General Motors, Hengst SE, Sogefi, Toyota, among others.