Northbrook, IL -- (SBWIRE) -- 02/06/2019 -- According to the new market research 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 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 increasing vehicle production is the major driving factor for the growth in automotive filter market. The automotive filters aftermarket is projected to grow at a CAGR of 1.14% from 2018 to 2025, to reach USD 23.31 billion by 2025 from an estimated USD 21.53 billion in 2018. The increasing vehicle parc and average miles are driven every year across all regions are projected to be the major factors driving the growth of the automotive filters aftermarket.

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147 - Tables
58 - Figures
200 - Pages

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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 the 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.

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"North America and Asia Oceania are estimated to dominate the automotive filters aftermarket"

In terms of value, North America is estimated to be the largest aftermarket; whereas, Asia Oceania is estimated to be the fastest growing market during the forecast period. The automotive filters aftermarket in North America is driven by factors such as people's awareness about the advantages offered by the filter and the people's practice of do-it-yourself service in the region. On the other hand, the market growth in Asia Oceania can be attributed to the second largest vehicle parc and the increasing sales of vehicles across the region.

Automotive Filters Market ecosystem consists of manufacturers such as 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); OEMs such as Volkswagen (Germany), Daimler AG (Germany), Ford Motor Company (US), Hyundai Motor Company (South Korea), Toyota Motor Corporation (Japan), Tata Motors (India), Mahindra & Mahindra Ltd (India); and component manufacturer associations such as Automotive Component Manufacturers Association of India (ACMA), Japan Automotive Manufacturers Association (JAMA), European Automobile Manufacturers' Association (ACEA), and Canadian Vehicle Manufacturers' Association.

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