The Global Automotive Filters Market was worth US$ 16.48 billion in 2022 and is anticipated to reach a valuation of US$ 50.3 billion by 2028 and is predicted to register a CAGR of 25.00% during 2023-2028.

According to projections, there will be an increase in demand for auto filters every year due to factors including rising auto production and fleet size as well as rising global average mileage.

The expansion of the global market for car filters was caused by the rising auto sector. A major investment in the automobile industry in emerging economies is anticipated to result in a decline in related industries. The government's rising interest in bolstering economies through foreign investment is also anticipated to stimulate the growth of the automotive industry, which will benefit the global market for automotive filters in the next years. The auto filter (OE) market is anticipated to increase from $2.81 billion in 2019 to $3.74 billion in 2024 at a compound yearly growth rate of 4.8%.

Market Drivers and Restraints:

The filters in cars keep pollen, exhaust gases, bacteria, and other contaminants out of the carburetor and engine. This lessens the amount of air pollutants that cars release, lowers the cost of maintenance, and increases the lifespan of the car. For automobiles that generate hazardous gases such as hydrocarbons (HC), nitrogen oxides (NOx), carbon monoxide (CO), and others, the government and emission agencies have enacted strict emission restrictions. For instance, the Environmental Protection Agency (EPA) of the United States has updated regulations pertaining to light commercial vehicles (cars and trucks), fuel consumption, and greenhouse gas emissions (GHG). To prevent air pollution, German cities may forbid outdated diesel automobiles in conformity with EU regulations. These elements are anticipated to fuel worldwide growth in the automotive filter market.

Due to the fact that electric and plug-in vehicles don't require fuels like gasoline, diesel, or gasoline, consumers' preferences have altered recently. Low maintenance costs also result in lower overall spending, which boosts demand for battery-powered electric cars, which in turn fuels the expansion of the vehicle filtration industry. The Federal Office for Motor Transport said that compared to 2017, plug-in electric car sales climbed by 61% in 2018. Similarly, sales of typical plugless hybrids climbed by up to 70%, while sales of battery-powered electric vehicles increased by 124%. These electric vehicles do not require oil or fuel filters, which should restrain the growth of the oil and fuel filter industry.

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The report is segmented as follows:

The Automotive Filters Market is segmented by Filter Type; Market is segmented Application; Market is segmented by Distribution Channel:

By Filter Type (Fuel Filter, Engine Oil Filter, Engine Air Filter, Cabin Air Filter, Steering Filter, Coolant Filter)

By Application (Passenger Cars, Commercial Vehicles)

By Distribution Channel (OEM, Aftermarket)

Regional Segmentation:

The Middle East and Africa, as well as North America, Latin America, Europe, and Asia Pacific, make up the geographical divisions of the worldwide automobile filter market. In 2016, the Asia Pacific region gained the greatest market share for automobile filters due to the region's expanding manufacturing. In terms of revenue, Europe and the Asia-Pacific region together accounted for almost 74% of the market in 2016. The demand for efficiency and productivity is rising, and there is a push to enhance manufacturing activity. These are the main drivers influencing the market's growth in these regions. The growing nations of the Asia-Pacific region are anticipated to experience the fastest growth during the projection period. The market for automotive filters in this region is expected to be driven by rising passenger vehicle production between 2019 and 2024 as a result of a number of reasons, including decreased production costs, increased productivity, and safety in vehicle operation.

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Impact of the COVID-19 pandemic on the market:

The global COVID-19 epidemic in 2020 hindered the expansion of the automobile air filter market. There were temporary closures of significant automobile and component manufacturing sites. However, with a minor increase in vehicle sales by the end of 2021, the market for air filters grew and is anticipated to do so during the course of the forecast period.

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