Categories: Market Research

Automotive Filter Market Forecast 2024-2033: Growth Rate, Drivers, And Trends

The Automotive Filter Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Automotive Filter Global Market Report 2024, The automotive filter market size has grown strongly in recent years. It will grow from $24.05 billion in 2023 to $25.43 billion in 2024 at a compound annual growth rate (CAGR) of 5.7%. The growth in the historic period can be attributed to engine efficiency and performance, vehicle sales and production, consumer awareness and health concerns, industrial and environmental factors, maintenance and replacement needs.

The automotive filter market size is expected to see strong growth in the next few years. It will grow to $32.21 billion in 2028 at a compound annual growth rate (CAGR) of 6.1%. The growth in the forecast period can be attributed to environmental sustainability goals, adoption of advanced filtration systems, global expansion of automotive industry, increasing concern for cabin air quality, growth in aftermarket demand. Major trends in the forecast period include innovations in heavy-duty filters, circular economy practices, focus on fuel efficiency and engine performance, remote and contactless maintenance, retrofitting and upgradation.

An increase in environmental concerns and stringent emission norms is contributing to the growth of the automotive filter market. Automotive filters help in increasing fuel efficiency and reducing emissions and greenhouse gases. According to a report published by a US-based online publication, Our World in Data, in 2020, 60% of road transport emissions will come from passenger travel (cars, motorcycles, and buses) and the remaining 40% from road freight (lorries and trucks). The government has developed strict emission regulations in response to the increase in greenhouse gas emissions in the environment. For instance, in December 2021, for model years 2023–2026, the United States Environmental Protection Agency (EPA), a US-based government agency, released new national greenhouse gas (GHG) emissions requirements for passenger vehicles and light trucks. The final guidelines would result in significant reductions in GHG emissions as well as other criterion pollutants. Therefore, the increase in environmental concerns and stringent emission norms will contribute to the growth of the automotive filter market going forward.

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The automotive filter market covered in this report is segmented –

1) By Filter Type: Fuel Filter, Oil Filter, Air Filter, Cabin Filter, Coolant Filter, Transmission Oil Filter, Other Filter Types

2) By Media Type: Cellulose, Fiberglass, Other Media Types

3) By Vehicle Type: Commercial Vehicles, Passenger Vehicles, Other Vehicle Types

4) By Material Type: Particle, Activated Carbon, Electrostatic

5) By Distribution Channel: OEM, Aftermarket

Major companies operating in the automotive filter market are increasing their focus on introducing high-performance filtration solutions, such as Ahlstrom ECO, to gain a competitive edge in the market. Ahlstrom ECO filter media is an environmentally friendly and high-performance filtration solution designed to enhance air quality and reduce emissions in various applications. For instance, in April 2023, Ahlstrom Oyj, a Finland-based automotive company, launched Ahlstrom ECO, a renewable and sustainable filter media for automotive applications. This new filter media utilizes lignin-based impregnation, replacing fossil-based resin, and is designed to maintain mechanical properties and durability even in challenging environments.

The automotive filter market report table of contents includes: