Northbrook, IL -- (SBWire) -- 07/08/2019 --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 aftermarket for automotive filters 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.

Whereas, the OE market is driven by increasing vehicle production and sales. With the increase in applications in automobile, 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. The aftermarket for automotive filters is driven by the increasing vehicle parc and the increasing average miles driven globally.

Filters Market for Automotive 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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The North America region is estimated to be the largest aftermarket during the forecast period. The passenger car and LCV are the largest contributors in the North American aftermarket for automotive filters owing to the highest vehicle parc and the highest average miles driven every year compared to the other regions.

In the 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 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 the 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 standard fitment for all the electric & hybrid vehicles and cost almost 4 times higher than the other filter types.

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Target Audience:

-Automotive filters suppliers
-Dealers and distributors of automotive filters
-Industry associations
-Manufacturers of automotive filters
-Supportive raw material suppliers for automotive filters
-Vehicle components/systems manufacturers