Scenarios of impact of Coronavirus on Automotive Filters Market

The ongoing COVID-19 pandemic—and the worldwide reaction to it—has compelled companies to radically rethink their strategies and the way they operate. We salute the industry experts helping companies survive and sustain in this pandemic.

At MarketsandMarkets™, analysts are undertaking continuous efforts to provide analysis of the COVID-19 impact on the Automotive Filters Market. We are working diligently to help companies take rapid decisions by studying:

• The impact of COVID-19 on the Automotive Filters Market, including growth/decline in product type/use cases due to the cascaded impact of COVID-19 on the extended ecosystem of the market
• The rapid shifts in the strategies of the Top 50 companies in the Automotive Filters Market
• The shifting short-term priorities of the top 50 companies’ clients and their client’s clients

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According to the recent report  “Automotive Filters Market by Type (Air, Fuel, Oil, Cabin, Coolant, Brake Dust, Oil Separator, Transmission, Steering, Dryer Cartridge, EMI/EMC, Coolant Air Particle), Air & Cabin Filter Media, Fuel & Vehicle Type, Aftermarket – Global Forecast to 2025 “published by MarketsandMarkets™, The Automotive Filters Market (OE) is estimated to grow at a CAGR of 4.35% from USD 2.81 billion in 2017 to USD 3.94 billion by 2025. The OE market is driven by increasing vehicle production and sales. Whereas, The automotive filters aftermarket is driven by the increasing vehicle parc and the increasing average miles driven globally. The automotive filters aftermarket in 2017 was USD 21.60 billion, and it is projected to reach USD 23.31 billion by 2025, at a CAGR of 1.14 % from 2018 to 2025.

With the increase in applications in automobiles, the number of filters also have grown. Presently, ICE & Hybrid vehicles are equipped with filters such as air, fuel, cabin, oil, transmission, steering, oil separator, coolant and brake dust filter depending on the vehicle type; whereas, the Battery Electric Vehicles (BEV) have filters such as cabin, dryer cartridges for batteries, EMI/EMC filter, cooling air particle filter and steering filter.

Browse in-depth TOC on “Automotive Filters Market”

253 – Tables
58 – Figures
200 – Pages

The key companies profiled in the study are MANN + HUMMEL (Germany), Donaldson (US), Robert Bosch (Germany), MAHLE (Germany), Sogefi (Italy), Denso (Japan), Ahlstrom-Munksjö (Sweden), ACDelco (US), Hengst (Germany), and K&N Engineering (US).

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Synthetic media air filters are estimated to show the fastest growth in air filters market during the forecast period

The market for synthetic media air filters is projected to grow at the highest CAGR during the forecast period from 2018 to 2025, by value, as this type of filters is 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 when compared with cellulose media filters, such as smaller size, water resistant, increased airflow, and higher performance. Moreover, due to the better airflow for combustion, these filters result in higher fuel efficiency and lower emissions. Thus, upcoming vehicle emission norms would encourage OEMs to install synthetic media air filters in their vehicles.

HEV segment is estimated to have the largest share in electric & hybrid vehicle filters market

The HEV segment is projected to have the largest market share in the electric & hybrid vehicle filters market, in terms of value, during the forecast period. The sales of HEV is the highest in Asia Oceania region followed by North America. The sales of HEVs is higher than BEVs or PHEVs as the cost of HEVs are the same as gasoline or diesel variants; whereas, BEVs and PHEVs come under the premium vehicle segment.  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.

Cabin filter is estimated to be the largest OE market by filter type

Cabin filter is estimated to be the largest OE market during the forecast period because of their usage in all vehicles and cost advantage in comparison to other filters like oil filter, fuel filter, and air filter. Cabin comfort is also one of the driving factors for their growth in the commercial vehicle segment. For cabin filters, Asia Oceania is expected to dominate the market as this region has higher vehicle production, leading to a higher requirement for cabin filters.

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North America is estimated to be the largest automotive filters aftermarket owing to its vehicle parc and average miles driven every year

According to OICA, the US had a total vehicle parc of 264.2 million units in 2015, which was the highest in the world. The country also had 145.3 million units of commercial vehicles on the road. The US is thus home to the largest aftermarket for automotive filters in the world. Hence, it can be inferred that the US is a matured market for automotive filters. Moreover, the lack of a dense public transport network in North America and a wide geographical area of the region have compelled people to travel in their own vehicles. The average miles driven in North America is, therefore, higher than other regions. Hence, North America is estimated to be the largest automotive filters aftermarket during the forecast period, by value.

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