Worldwide Automotive Filters Market (2018-2025) featuring Mann+Hummel, Donaldson, Robert Bosch, Mahle, Sogefi, Denso, and many more - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Oct 9, 2018--The “Automotive Filters Market by Type, Air & Cabin Filter Media, Fuel & Vehicle Type, Aftermarket - Global Forecast to 2025” report has been added to ResearchAndMarkets.com’s offering.
The automotive filters OE market is estimated to grow at a CAGR of 4.35% from USD 2.93 billion in 2018 to USD 3.94 billion by 2025. The automotive filters aftermarket is estimated to grow at a CAGR of 1.14%, to reach USD 23.31 billion by 2025 from USD 21.53 billion in 2018.
Factors such as increasing vehicle production and the increasing vehicle parc and average miles driven every year across the world are projected to fuel the growth of the automotive filters market. The major factors hindering the growth of the automotive filters market are the increasing sales of non-replaceable filters and the increasing sales of BEVs.
Oil filters have low replacement miles and are replaced more frequently than the other filter types. Hence, the oil filters aftermarket is expected to be the largest for automotive filters during the forecast period.
In air filter OE market, synthetic filters segment is estimated to show the fastest growth during the forecast period as this type of filters are more efficient than the cellulose media filters. They are mostly installed in premium passenger cars and high-performance trucks to enhance the engine performance. Synthetic media filters have various advantages compared to cellulose media filters, such as smaller size, water resistance, increased airflow, and superior performance.
In cabin filter OE market, electrostatic cabin filters market is estimated to be the fastest growing market, by value, during the forecast period. In the present scenario, the market for an electrostatic cabin filter is at a nascent stage. These filters protect against finer microscopic particles of dust, allergens, harmful gases, and bacteria to provide the cleanest air possible inside the vehicle.
In electric & hybrid vehicle filters OE market, HEV segment is projected to be the largest, by value, owing to the highest sales of HEV, globally, especially in Asia Oceania and North America regions. In HEV, filters such as dryer cartridges for batteries, EMI/EMC filter, and cooling air particle filter are additionally equipped apart from the traditional ICE vehicle filters such as air, fuel, oil, and cabin filters.
In electric & hybrid vehicle filter OE market, by filter type, the dryer cartridges for batteries segment is projected to showcase the largest market share, by value, during the forecast period. Dryer cartridges for batteries are a standard fitment for all the electric & hybrid vehicles and cost almost 4 times higher than the other filter types.
Companies ProfiledA.L. Filter ACDelco ADR Group Ahlstrom-Munksj APC Filtration Dale Filter Systems Denso Donaldson Fildex Filters Filtran LLC Freudenberg Group Hengst K&N Engineering Lucas TVs Mahle Mann+Hummel Robert Bosch Sogefi Toyota Boshoku Valeo
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Related Topics:Automotive Aftermarket,Filters
INDUSTRY KEYWORD: AUTOMOTIVE AFTERMARKET GENERAL AUTOMOTIVE
SOURCE: Research and Markets
Copyright Business Wire 2018.
PUB: 10/09/2018 07:08 AM/DISC: 10/09/2018 07:08 AM