By 2032, the global automotive air filter market is estimated to be worth USD 6.68 billion. It will reach USD 5.31 Billion in 2022. It is projected to grow by 2.4% annually in the 2022-2032 forecast.
According to their application, there are three main types of market: passenger cars; light, heavy, commercial vehicles; and two-wheelers. It is predicted that passenger cars will account for the majority of the market. This is partly due to a growing disposable income, a rising demand for tourist transportation, and increased consumer awareness of health issues over the forecast period.
Expect growth to be driven by the expanding automotive industry
The increasing production of passenger vehicles and an expanding automotive market have driven this growth. According to the European Automobile Manufacturers Association (ACEA), vehicle manufacturing accounted for 15.8 million units in Europe in 2019. Auto owners now recognize the importance of using air filters to clean their air and protect them from dust. This has resulted in a boom in the market. These factors have led to the rapid growth of the market for automotive air filters.
Read More: Automotive Air Filters Market
Technology Advancements in Air filters To Promote Growth
Air filters are currently made with cellulose media, but these are costly in nature. The advantages of synthetic media are driving its popularity. They are more efficient, less sensitive to water, and have better airflow. These materials can improve fuel efficiency as well as the combustion of engine fuel. These advanced properties of synthetic media will drive the market’s growth during the forecast period.
Growth may be slowed by electric vehicle adoption
Market growth is likely to be slowed by the rising popularity of plug-in/battery-electric vehicles due to their advantages, such as low emissions and non-consumption fuels like gasoline and diesel. Lower maintenance costs and higher overall expenses may aid the growth of eco-friendly electric vehicles (EVs). Due to the increasing popularity of electric cars, the market for automotive air filters is expected to shrink.
Air Filter Market Growth in Vehicle Sales is Slowing
Eurostat estimates 75% of all European Union inland cargo (roughly 1,750 billion tonnes-kilometers) travels via roads. Some European countries can see this percentage as high as 90%.
Due to the growing logistics industry and increased use of light commercial vehicles (e.g., vans) for ride-hailing, the region has seen a rise in demand for commercial vehicles.
The primary reason for Europe’s rise in light commercial vehicle purchases is the preference for small trucks, pick-up trucks, heavy-duty trucks, or rails for logistics.
This will lead to significant demand for lightweight parts that can be integrated into light commercial vehicles. This will result in a higher demand for the air filter.
It is a crucial pillar of Europe’s single digital marketplace, as eCommerce is expanding rapidly. It reflects the advances in eCommerce, which has increased well-organized retail areas.
As Europe’s e-commerce market expands, the demand for better distribution networks grows.
Market growth is expected, which will increase the demand for small trucks. In 2020, 89.1% was total freight transport. It covered 50 km to 1,999km.
Hybrid trucks are also a focus for automobile manufacturers because they meet strict standards for fuel economy and emissions. This will result in a rise in demand for air filters.
Europe and Asia-Pacific are experiencing a boom in commercial vehicle sales. This is due to the increasing eCommerce, construction, and mining demand.
Commercial vehicle sales declined in the first six months of 2020 because of the spread of COVID-19. Commercial vehicle sales fell due to restrictions placed on commercial vehicles to prevent the spread of the virus. Some countries have released their e-commerce restrictions. This will likely increase the demand for commercial vehicles in 2020’s second half.
Recent developments
Nirvana launched its artificial car cabin filter solution in October 2021 to prevent pollution. To increase market share, the company targets South Asian markets such as India.
Mann+Hummel is a company that specializes in vehicle pollution prevention. They announced plans to launch their first vehicle with Mann+Hummel’s high-efficiency particulate (HEPA).
