IMARC Group, a leading market research company, has recently releases report titled, “ Automotive Filters Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028 “, The study provides a detailed analysis of the industry, including the global automotive filters market size, share, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advances in the market.
How big is the automotive filter market?
|Market Size in 2022||US$22.2 Billion|
|Market forecast in 2028||US$28.7 Billion|
|Growth rate (2023 to 2028)||CAGR of 4.3%|
|Base Year of the Analysis||2022|
What is automotive filters?
Automotive filters comprise several filters, such as oil, cabin, fuel, steering, coolant, and air, and are designed to remove dirt, rust, and debris from various fluids and gases in a car system. They offer improved safety and driving experience by operating in a smooth manner, preventing health problems, and decreasing foul-smelling gases. They assist in enhancing the shelf life of the vehicle and engine and increasing fuel efficiency and power output while reducing carbon dioxide (CO 2 ) emissions. As automotive filters also aid in improving the heating, ventilation, and air conditioning (HVAC) system, they are widely utilized in passenger and commercial cars around the world.
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What are the growth prospects and trends in the automotive filters industry?
Presently, the rising demand for automotive filters due to the high filter replacement rate in sport utility vehicles (SUVs) and luxury vehicles represents one of the key factors strengthening the market growth. Apart from this, governing agencies of numerous countries are implementing stringent regulations to reduce harmful emissions from vehicles, which is bolstering the growth of the market. Moreover, the rising preference of consumers towards fuel-efficient solutions and the need to lower carbon footprints across the globe are offering a lucrative growth opportunity to industry players. Furthermore, the increasing demand for automotive filters, as they eliminate entry of solid dust particles, such as pollen and bacteria in the engine, is supporting the growth of the market.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Media Type:
Breakup by Filter Type:
- Air Filters
- Fuel Filters
- Hydraulic Filters
- Oil Filters
- Steering Filters
- Coolant Filters
Breakup by Distribution Channel:
Breakup by Vehicle Type:
- Commercial Vehicles
- Passenger Vehicles
Breakup by Region:
- North America
- Latin America
- Middle East and Africa
Who are the key players operating in the industry?
The report covers the major market players including:
- Cummins Inc.
- DENSO Corporation
- Donaldson Company Inc.
- General Motors Corporation
- Hengst SE
- Hollingsworth & Vose Company
- K&N Engineering Inc.
- Lydall Inc.
- MAHLE GmbH
- MANN+HUMMEL GmbH
- Parker-Hannifin Corporation
- Robert Bosch GmbH
- Sogefi SpA.
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