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Automotive Air Filter Market By Application (Passenger Cars, Two-wheelers, and Light & Heavy Commercial Vehicles), By Sales Channel (Aftermarket and OEM) - Growth, Share, Opportunities, Competitive Analysis, and Forecast 2016 - 2023

Factors including an improved standard of living, a rise in discretionary income, and growing industrialization and commerce have led to a rise in automobile production. This, in turn, is driving demand for automotive air filters. In addition, compliance with environmental regulations is expected to encourage consumers to regularly install efficient filtration and ventilation systems in automobiles. The availability of private financing schemes has also had a positive impact on passenger vehicle demand and automotive air filter installations. These factors are expected to contribute to a compounded annual growth rate (CAGR) of 7.5% during the forecast period of 2016–2023.

1.1 Market Scope and Segmentation

This report analyses the global automotive air filter market in terms of type, application, and geographical distribution. On the basis of product type, the global automotive air filter market is segmented into automotive intake air filters and automotive cabin air filters. Similarly, on the basis of application (vehicle type), the automotive air filter market is further classified into passenger cars, light commercial vehicles (LCV) and heavy commercial vehicles (HCV), and two-wheelers. Based on the sales channel, the market has been further categorized into the aftermarket channel and the OEM channel. The geographical distribution of the global automotive air filter market considered in this study encompasses regional markets such as North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America.

1.2 Report Description

Purpose of the Report

The purpose of this strategic research study titled "Global Automotive Air Filter Market: Growth, Share, Opportunities, and Competitive Analysis, 2016–2023" is to offer industry investors, company executives, and industry participants in-depth insights to enable them to make informed strategic decisions related to the opportunities in the global automotive air filter market.

Target Audience

  • Industry Investors
  • Air Filter Manufacturers
  • Automotive Manufacturers
  • Automotive HVAC System Manufacturers
  • Integrators and assemblers
  • End-users

Overall, the research study provides a holistic view of the global automotive air filter market, offering market size and estimates for the period from 2014 to 2023, keeping in mind the above-mentioned factors.

On the basis of application, the global automotive air filter market is categorized into the following segments:

  • Passenger Cars
  • Two-wheelers
  • LCV (light commercial vehicles) and HCV (heavy commercial vehicles

In 2015, the passenger car segment dominated the global automotive air filter market. The segment accounted for over half of the global automotive air filter market's revenue in the same year. The trend shall prolong, and the segment is presumed to retain its dominant position throughout the forecast period of 2016–2022. Factors including an improved standard of living and rising disposable income are expected to propel passenger vehicle demand, thereby supporting new air filter installations during the forecast period.

In addition, the availability of private financing for vehicle ownership has also had a positive impact on passenger vehicle demand and, hence, automotive air filters. On the other hand, both two-wheeler and commercial vehicle segments are presumed to exhibit robust growth during the forecast period of 2016–2023.

On the basis of sales distribution channel, the automotive air filter market is categorized into the following categories:

  • Original Equipment Market
  • Aftermarket

As of 2015, the sale of automotive air filters was more common through the aftermarket than through original equipment manufacturers (OEM). The aftermarket segment accounted for over two-thirds of global automotive air filter sales in the same year. The trend is expected to prolong over the forecast period, and the segment will retain its leading revenue share through 2023.

Although original equipment manufacturers play a crucial role in the sale of automotive air filters, it is anticipated that the sale of automotive accessory products such as air filters will probably improve through the aftermarket channel. Air filters are required to be replaced at regular intervals to ensure efficient air filtration in vehicles. This replacement demand will drive sales for air filters through the aftermarket channel.

On the basis of geography, the global automotive air filter market is segmented into the following regions and countries:

  • North America
  • U.S.
  • Canada
  • Europe
  • U.K.
  • France
  • Germany
  • Rest of Europe
  • Asia Pacific
  • Japan
  • China
  • India
  • Rest of Asia Pacific
  • Rest of the World
  • Latin America
  • Middle East and Africa

As of 2015, Asia Pacific was the largest automotive air filter market worldwide. The region accounted for around half of the global market revenue in the same year. The trend shall continue, and the region is presumed to remain the largest automotive air filter market over the forecast period of 2016–2023. The government's initiatives to reinstate growth in the automotive industry and the rising per capita income of people in the region have led to a steady rise in automotive production.

This, in turn, is driving the automotive air filter market in the region. China, India, and Japan are the automotive manufacturing hubs and thus represent major business destinations for air filter manufacturers. On the other hand, demand for automotive air filters in Europe will be driven by the prevailing environmental regulations and the presence of a huge off-highway vehicle market.

Frequently Asked Questions:

The market for Automotive Air Filter Market is expected to reach US$ 9.1 Bn By 2023.

The Automotive Air Filter Market is expected to see significant CAGR growth over the coming years, at 7.5%.

The report is forecasted from 2016 – 2023.

The base year of this report is 2015.

Ahlstrom Corporation, Mann+Hummel Group, Sogefi S.P.A., Affinia Group Inc., Mahle Group, Donaldson Company, Inc., are some of the major players in the global market.

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Trusted By
Godaddy
Published Date:  Oct 2016
Category:  Automotive & Transportation
Report ID:   58132
Report Format:   PDF
Pages:   120
Rating:    4.3 (70)
Delivery Time: 24 Hours to 48 Hours   
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