increasing demand for road transportation is driving the Automotive Filters Market
Technavio analyzes that the Automotive Filters Market is expected to grow at a CAGR of 3.95% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 5932.1 million.There are various factors that contribute to the growth of the market. The automotive filters market is experiencing significant growth due to the increasing demand for road transportation. These filters play a crucial role in maintaining the performance and efficiency of vehicles by removing contaminants from fuel, air, and engine oil. With the rise in automobile production and sales, the market for automotive filters is expected to expand further. Additionally, stringent emission norms and consumer preference for improved vehicle performance are further fueling the market's growth.
The automotive filters market is experiencing significant growth due to the increasing demand for automobiles and the mandatory regulations enforcing the use of air filters to maintain optimal engine performance and improve air quality. In 2022, the passenger cars segment dominated the global automotive filters market, driven by their higher sales volume compared to light commercial vehicles (LCVs) and heavy commercial vehicles (HCVs). Air filters, such as nitrogen oxides (NOx) and urea filters, crankcase ventilation filters, non-replaceable filters, and aftermarket filters, employ various filter media technologies like cellulose media and activated carbon to remove impurities from the engine's air intake. Government agencies and regulatory bodies closely monitor air quality using the Air Quality Index (AQI), with a high AQI indicating poor air quality. By circulating clean air in the engine, air filters contribute to enhanced engine performance and reduced emissions.
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Automotive Filters Market Segmentation
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The Automotive Filters Market encompasses various filter types, including air, oil, fuel, coolant, and dryer cartridges, made from filtration media like Synthetic media and Electrostatic material. Heavy duty engines in Heavy trucks and Battery Electric Vehicles (BEVs) as well as Plug-in Hybrid Vehicles (PHEVs) utilize these filters. EMI/EMC filters, Electrostatic filters, and Particle filters are essential for emission regulations. Novel filter materials are being explored for improved engine efficiency, vehicle longevity, and fuel economy in the Automobile sector. Greenhouse emission standards apply to Passenger cars, Electric vehicles, and vehicles using Alternative fuels. Catalytic converters and Fuel efficiency are also significant factors. Sustainability is a key consideration in the development of new filter technologies.
The global automotive components and equipment market encompasses businesses producing parts and accessories for various vehicle types, including passenger cars (PCs), electric vehicles (EVs), commercial vehicles (CVs), heavy-duty vehicles, off-road vehicles, motorcycles, scooters, quad bikes, and three-wheelers. According to Technavio, the market size is determined by the consolidated revenue of automotive components and equipment manufacturers. Key growth drivers for this market include the escalating demand for filtration media, such as synthetic media, electrostatic material, and heavy-duty engine filters, due to the increasing electronic components in automobiles. This trend is particularly prominent in the sales of EVs, PHEVs, and heavy trucks, which have experienced significant growth in recent years. The surge in demand for electric vehicles, in particular, is driving the need for advanced filtration systems to ensure battery efficiency and longevity, as well as to mitigate ElectroMagnetic Interference (EMI) and ElectroMagnetic Compatibility (EMC) issues.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
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