The global Automotive ac filter market was valued at US$ 3.8 Bn in terms of value in 2022. The market is expected to grow as a result of rising consumer demand for cabin comfort and air quality, as well as growing public awareness of the detrimental effects of air pollution on human health. By removing impurities like dust, pollution, and other hazardous particles, AC filters in cars contribute to bettering the quality of the air inside the cabin.
Global Automotive AC Filter Market- Impact of Coronavirus (Covid-19) Pandemic
The COVID-19 crisis had a negative effect on the automotive air filter market. The lookdown has caused the supply chain to be disrupted and the production of vehicles to drop. The market for automotive AC filters on a global scale suffered a serious setback. The market's supply chain has been severely impacted by the shutdown of factories and the cancellation of shipments caused by the crisis. Governments in a number of areas have already declared total lockdown and temporary closure of industries, which has a detrimental effect on overall production and sales. Car sales have fallen short of expectations as a result of supply-chain issues brought on by the pandemic. In turn, this has caused the market for car air filters to contract.
For instance in 2021, In India, Tata sales of 65,151 units increased 31.2% from last year. Mahindra sales of 34,483 units decreased 10.9% from last year. Hyundai sales of 37,021 units decreased 34.6% from last year. Toyota’s sales of 12,440 units increased by 0.5% from last year.
Global Automotive AC Filter Market: Drivers
Environmental Concerns and Consumer Demand Drive Global Automotive AC Filter Market
Growing environmental concerns and efforts to reduce greenhouse emissions are the main market driving factors for global automotive Ac filter market, and over the past two decades, regulations governing the release of greenhouse gases have been introduced by several regulatory bodies and governments. Government agencies from all over the world have created vehicle emission standards in order to monitor particle emissions. Also, escalating consumer demand for comfort and convenience is a major driving factor for the global automotive ac filter market. Customers want more comfortable and convenient driving experiences. When the air conditioning system is functioning properly and has a clean, effective filter, driving can be more comfortable and enjoyable.
Global Automotive AC Filter Market: Opportunities
Growing environmental regulations and standards for vehicle emissions
Major market opportunity factors include the need for cleaner air inside vehicles and the expansion of environmental regulations and standards for vehicle emissions. Vehicles that emit harmful gases, such as hydrocarbons (HC), nitrogen oxide (NOx), carbon dioxide (CO2), and others, must adhere to strict emission standards that have been set by regulatory and governmental bodies all over the world. Growing environmental regulations and standards for vehicle emissions have created a sizable market opportunity for automotive AC filters worldwide. As governments and regulatory bodies continue to impose stricter emissions and air quality standards for vehicles, auto manufacturers are increasing including AC filters as standard equipment in their vehicles.
For Instance, On April 12, 2023, Enviornmental Protecting Agency (EPA), announced new, more ambitious proposed standards to further reduce harmful air pollutant emissions from light-duty and medium-duty vehicles starting with model year 2027, thus the demand for automotive Ac filter will increase.
Global Automotive AC Filter Market: Restraints
Use of filters made locally by manufacturers as well as non-replaceable/washable filters
As Local products can be sold with slimmer profit margins, at lower prices, and with greater accessibility, which puts established companies in fierce competition, these local and regional businesses primarily target the aftermarket demand for car filters. When it comes time to replace OE-recommended filters, these local or regional players present a challenge to established businesses because they sell car filters for less money. The expansion of major suppliers' aftermarket businesses is constrained by the belief that many local vendors will provide goods that adhere to OE recommendations at comparable lower prices. They all have the potential to do so, which means that during the forecast period, the market's growth may be constrained.
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Key Takeaways:
The Global automotive Ac filter market was valued at US$ 3.8 Bn in 2022 and is forecast to reach a value of US$ 5.9 Bn by 2030 at a CAGR of 5.6% between 2023 and 2030.
The aftermarket segment held a dominant position in the Global Automotive AC Filter Market in 2022, accounting for 71% share in terms of value, increasing approval and launch of new products is expected to propel the growth of the segment during the forecast period.
Global Automotive AC Filter Market Trends:
Major market trends in the automotive ac filter market include the adaptation of small AC systems and the integration and customization of cabin AC filters. Numerous technological advances and changes in emission regulations over the past ten years have been combined to create cutting-edge, environmentally friendly, and adaptable engines. Diesel engines and the vehicles they power require air filter systems with smaller packaging sizes, greater pollutant separation efficiency, superior pollutant loading performance, and soaring temperature performance. Because they can provide better defense against allergens, pollutants, and other harmful particles, cabin AC filters can be integrated and customized to improve the air quality inside the car.
Global Automotive AC Filter Market: Competitive Landscape
Mann+Hummel GmbH, Sofegi SpA, Donaldson Company, Inc., Robert Bosch GmbH, Denso Corporation, Ahlstrom Corporation, MAHLE GmbH, Freudenberg & Co. KG, Hengst SE & Co. KG, ALCO Filters Ltd., K&N Engineering, Inc., EuroGIELLE s.r.l., ACDelco, The Volvo Group and Airmatic Filterbau GmbH
Global Automotive AC Filter Market: Recent Developments
In October 2021, Honda Cars India, an automobile manufacturer in India owned by Honda Motor Co. Ltd. introduced an innovative ANTI VIRUS CABIN AIR-FILTER to reduce infection-related risks
In March 2023, Steelbird International, an esteemed automotive components manufacturing industry announced a strategic partnership with A.L. Group of Israel, a company specializing in turnkey filtration solutions for the automotive industry worldwide – covering all types of filters ranging from air filters, oil filters, fuel filters, and cabin filters.
In May 2022, Volvo Cars, a Swedish multinational manufacturer of luxury vehicles is offering its customers ever-improving air quality inside its latest cars through cutting-edge air purification, helping people breathe cleaner air.
