LIGHT VEHICLE CABIN AC FILTERS MARKET ANALYSIS

Light Vehicle Cabin Ac Filters MarketSize and Trends

The global Light Vehicle (LV) Cabin AC Filters Market was accounted for US$ 27,67.4 Mn in terms of value and 429,139 Thousand Units in terms of volume in 2019 and is expected to grow at CAGR of 5.1% for the period 2020-2027.

Asia Pacific held dominant position in the global Light Vehicle (LV) Cabin AC Filters market in 2019, accounting for 36.4% share in terms of value, followed by Europe and North America respectively

Figure 1: Global Light Vehicle (LV) Cabin AC Filters Market Share (%) in terms of Value, By Region, 2019

Figure 2: Global Light Vehicle (LV) Cabin AC Filters Market Value (US$ Mn), 2017 - 2027

The global Light Vehicle (LV) Cabin AC Filters market was valued at US$ 2,767.4 Mn in 2019 and is forecast to reach a value of US$ 4,134.6 Mn by 2027 at a CAGR of 5.1% between 2020 and 2027.

Market Trends

1. Incorporation of custom-made cabin AC filters is a major trend

Cabin AC filters are divided into four types based on the filtration media and purposes. Generally, a common filter is composed of fine mesh to collect large particles. Premium vehicles are generally equipped with more than one type of filter, in order to maintain the air quality in the cabin. These filters are placed at different locations in the vehicle’s HVAC system. For instance, the particulate filter is placed at the air intake, while combined filter is situated near the vehicle's glove box.

2. Inorganic activities among major market players

Major companies in the global light vehicle (LV) cabin AC filters market are focused on mergers and acquisitions and collaboration activities, in order to enhance market presence. For instance, in August 2016, Donaldson Company, Inc. acquired automotive filter manufacturer Partmo, S.A., and established it as its subsidiary Filtros Partmo, S.A.S. to expand its sales in the Latin America region.