Automotive Filters Market to Bolster Global Market Revenue Growth During 2020-2026

Growing demand for efficient vehicle filters is estimated to drive global automotive filters market outlook. Rising environmental pollution along with strict regulations to reduce environment impact are the key factors fueling product demand.
Vehicles contain four main types of filters, including cabin filter, fuel filter, air filter, and oil filter. The function of filters is to regulate flows and trap impurities such as dust, dirt, suspended particles and impurities in the fuel or the dirt in the motor oil. As contaminants have a harmful impact on the engine and mechanics, vehicle filters are supposed to be replaced from time to time.
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Rise in number of vehicles across the globe along with requirement for timely replacement of automotive filters is likely to supplement automotive industry share over the coming years. Automotive filters market size is forecast to cross USD 19 billion mark by 2025.
Air filter is a key component of vehicles, as they aid air movement required for fuel combustion. They impact effluents and increase efficiency & engine durability. Polluted air with dirt, smog, fumes, and other suspended particles is harmful for vehicle engines. Rising pollution levels are having a greater impact on engine mechanics, which is estimated to result in increased demand for air filter.
Oil filters play an important role in lubricating as well as protecting engines from early deterioration. The product is used in moving parts of engine & cylindrical walls for appropriate lubrication. Oil filters protect vehicle engine from wear and tear, thus extending the life of the vehicle. They also help to remove contaminants, such as carbon deposits, soot particles, dust, and scratched metals.
Expanding passenger vehicle base across the globe is likely to transform automotive industry trends over the analysis period. Global passenger vehicle market is forecast to cross the USD 1.5 trillion mark by 2023. Rise in vehicle financing options by several financing organizations has resulted in easy purchase of vehicles. Increasing sale of vehicles will favor the demand for automotive filters. Moreover, rising demand for passenger vehicles in urban areas due to upsurge in disposable incomes will favor business expansion.
Asia Pacific is likely to emerge as a pivotal growth ground for automotive filters market. The regional growth is stemmed from increasing average age of cars, which calls for frequent aftermarket services, including automotive filter replacement. As per estimates, Asia Pacific automotive aftermarket is likely to exceed USD 145 billion by 2022. In addition, the regional governments are encouraging domestic production to boost economic growth, which  will favor automotive filters industry growth. For instance, initiatives such as “Make in India” by India and “Made in China” by China have positively impacted automotive production in these countries. The same can be validated by the expansion of Wuxi manufacturing plant in 2018 by Donaldson filtration solution in China. With the expansion, the firm has not only been able to increase its air filter manufacturing capacity but has also set up first Chinese-based liquid filtration production facility.
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The key manufacturers contributing towards global automotive filters market include Cummins Inc., Denso Corporation, Ahlstrom Corporation, Neenah Paper Inc., Roki Co., Lydall Inc., K&N Engineering Inc., Toyota Boshoku Corporation, Parker Hannifin Corp., Mahle GmbH, Freudenberg & Co., and Robert Bosch GmbH. The automotive filters industry is competitive and fragmented in nature. The manufacturers in the industry have adopted various strategies, such as mergers, acquisitions, collaboration, new product launch, and capacity expansion to gain competitive edge in the market and for increasing profits.
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