AUTOMOTIVE CABIN AC FILTER MARKET ANALYSIS

Market Challenges And Opportunities

Global Automotive Cabin AC Filter Market Drivers:

Market players and government of different countries are focusing on reducing greenhouse gas emission

Governments around the world are concentrating on reducing greenhouse gas emissions, supporting lower car emissions, and putting air quality improvement plans into action as a result of rising pollution on a worldwide scale. Additionally, market players are working to lessen the effects of pollution by releasing improved cabin air filters. For instance, in April 2021, Mann+Hummel, a producer of liquid and air filtration systems, launched the first vehicle equipped with a Mann+Hummel high efficiency particulate air (HEPA) filter to provide protection against air pollution in automobiles

Increasing demand and production of passenger cars across the globe

There is a growing trend toward car ownership resulting in the increasing demand for passenger vehicles. The growing demand coupled with efficient production of passenger cars will result in the growth of the automotive cabin AC Filter market as well. According to World Motor Vehicle Production, 85.4 Million cars were produced in 2022. This number is expected to increase exponentially in the coming years.

Global Automotive Cabin AC Filter Market Opportunities:

For market players, the refurbishment of older vehicles with cabin AC filters is anticipated to present a lucrative growth potential.

Older automobiles still have a conventional HVAC system even if newer vehicles are fitted with cabin air filters. But customers are becoming more and more conscious of the harmful impact that air pollution has on the human body. As a result, these vehicles are being updated with cabin AC filters, and their individual HVAC systems are in need of customized cabin AC filters. For market participants, this will present lucrative growth prospects over the course of the forecast period.

Advanced technology and deployment of sensors that facilitate better air quality and protection against allergens and other harmful material

The recent development in the cabin air quality technology has made way for introduction of smart solutions that deploy advanced sensors to detect VOCs and other poisonous gases. These monitoring solutions work as a built-in HVAC air control module and can be developed as per the specifications of OEMs. Air purification solutions work in tandem with the air quality monitoring modules to keep the pollutants under optimum levels.

Global Automotive Cabin AC Filter Market Restraints:

Lack of awareness of the presence of automotive cabin AC filters among vehicle buyers

Although many customers are still ignorant of its role in the system, the cabin AC filter is a crucial component of the HVAC system. Since most consumers are unaware of the filter replacement cycle, the worldwide automobile cabin AC filter market's growth is anticipated to be constrained in the near future. Owners of service centers have begun mentioning to purchasers about the roles of various car accessories and the necessity of their prompt replacement in order to ensure flawless operation.

Inadequate supply-demand ratios and raw material inventory buildup are anticipated to restrain the growth of the worldwide vehicle cabin AC filter market during the forecast period.

The supply-demand ratio is frequently out of balance, which causes consumers to wait unnecessarily. Additionally, it's anticipated that a stockpile of raw materials would cause price changes, which may reduce demand for cabin AC filters. Thus, during the course of the forecast period, these factors are anticipated to hinder the growth of the global cabin AC filter market.