Global Automotive AC Filter Market Recent Trends, Growth Driving Factors, Challenges, Opportunities, Strategies, Recent Developments, Product Segments, And Growth Forecast 2019 – 2028

  • TBI38001
  • May 28, 2022
  • Global
  • 200 pages
  • IFF Market Research
                                              

Global Automotive AC Filter Market 2021: By Filter Type (Particulate, Charcoal, Electrostatic), By Vehicle Type (Passenger Car, Heavy & Light Commercial Vehicle), By Sales Channel (OEM, Aftermarket)

Global Automotive AC Filter Market is estimated to be valued at US$ X.X Bn in 2019, and is projected to grow at a CAGR of X.X % over the 10-year forecast period. The report includes details regarding factors responsible for market growth and for hampering market growth. The global automotive AC filter market report has been segmented on the basis of filter type, vehicle type, sales channel, and region.

Automotive AC Filters: Overview

Automotive AC filter is an important part of automobile and is mostly located behind glove compartment, under dashboard, or under the hood on most modern vehicles. Its main purpose is to filter the air that comes from the HVAC system of the car in order to prevent pollutants such as pollen, dust, mold spores, smog, etc. from entering inside the vehicle. The filters also catch rodent droppings, leaves, and other unwanted debris.

Market Dynamics

Increasing adoption of vehicles along with AC system which requires air filters across the globe is a prominent factor expected to drive growth of the global automotive AC filter market over the 10-year period. In addition, growing environmental friendly norms and rising demand for AC filters by various manufacturers in order to minimize emission of harmful gases and other contaminants, which in turn expected to further fuel market growth. Furthermore, technological advancements in filtration technologies in automotive industry and aftersales market is another factor expected to propel growth of this market in the near future. Moreover, stringent government norms across various countries associated with CO2 emissions is another factor expected to boost growth of the global market over the 10-years forecast period. For instance, the California legislature has passed a bill, imposing extensive carbon dioxide emission control laws. These laws require reduction of approximately 25% CO2 emissions in the state by end of 2020. However, fluctuating raw material prices is a key factor expected to restrain growth of the global market over the next 10 years. Rapidly growing industrialization among developing countries such as China and India, increasing demand and sales of passenger cars, owing to increasing disposable income are expected to create potential opportunities for companies or manufacturers operating in the market.

Analysis by Segment

By Filter Type:

Among the filter type segments, the particulate filter type segment is projected to witness significant share in terms of revenue over the next 10-year period.

By Vehicle Type:

Among the vehicle type segments, the passenger car vehicle type segment is expected to account for highest market share, owing to increasing demand for passenger vehicles across the globe.

By Sales Channel:

Among the sales channel segments, the OEM sales channel segment is expected to register significant growth rate over the 10-years forecast period, owing to increasing focus of various OEMs to provide in-built AC filter in their automobiles.

Analysis by Region

The North America market is expected to account for highest revenue share, owing to stringent regulations by government regarding emissions across various countries in this region. In addition, the market in Europe is expected to register significant growth over the forecast period, owing to increasing demand for automotive AC filters, especially in passenger cars and government concern towards CO2 emission among various countries in this region. Moreover, the APAC market is expected to witness significant revenue growth rate over the 10-years forecast period, owing to growing automotive industry and rising adoption of automotive AC filters across various passenger cars and commercial vehicles in various countries in this region. Additionally, increasing demand for automotive vehicles such as passenger cars and commercial cars in Asia Pacific is expected to provide growth opportunities to numerous local and international automotive AC filter vendors in the automotive sector.

Below are the active patents related to Automotive AC Filter Market.

Patent Number: EP1915215A1 Air filtration system control Abstract An intense field dielectric air filtration system associated with an air conditioning unit includes a microprocessor based control system which may be connected to the thermostat of the air conditioning unit to energize the air filtration system in response to a call for heat or cooling signal at the thermostat or startup of the fan motor for the air conditioning unit. The control system includes a power supply for the air filtration system together with voltage and current monitoring circuits for detecting a fault condition. Filtration system on/off and timing function reset switches are connected to the microprocessor and visual displays, including a multicolored LED bargraph display, are controlled by the microprocessor to indicate voltage potential applied to the air filtration system, a fault condition or a test mode. Type: Grant Filed: 2006-08-11 Date of Patent: 2008-04-30 Assignee : Trane International Inc

Below are the leading companies profiled in this Automotive AC Filter Market Report:

Global Automotive AC Filter Market Segmentation:

Segmentation by Filter Type
  • Particulate
  • Charcoal
  • Electrostatic
Segmentation by Vehicle Type
  • Passenger Car
  • Heavy & Light Commercial Vehicle
Segmentation by Sales Channel
  • OEM
  • Aftermarket

This research comprehensively answers the following 9 important questions:

  • Q.1. What are some of the most promising growth trends in the Automotive AC Filter market worldwide?
  • Q.2.Which segments and sub-segments will grow at a faster pace and why? Which segment is nearing the peak and demand saturation?
  • Q.3.Which region will witness a higher growth rate and why? Which region might see a slower or negative growth region?
  • Q.4.What are the key factors affecting market dynamics? What are the drivers, challenges, and business risks in Automotive AC Filter market?
  • Q.5.What are the business risks and who pose challenges to the global leaders and are competitive threats in this Automotive AC Filter market?
  • Q.6.What are the emerging trends post COVID-19 reshuffle in this Automotive AC Filter market and the what are reasons behind these trends and do they translate in global exploration?
  • Q.7. Who are the major global and regional players in the Automotive AC Filter market? Which are the strategic initiatives key players are pursuing for business growth?
  • Q.8.Which are the competing products in Automotive AC Filter market and how big of a threat do they pose for loss of market share by material or product substitution?
  • Q.9.What M & A activity has occurred in the last 5 years and what is its impact on the Automotive AC Filter industry?

Chapter 1 Methodology and Scope
  • 1.1 Market definitions
  • 1.2 Base estimation & working
  • 1.2.1 North America
  • 1.2.2 Europe
  • 1.2.3 APAC
  • 1.2.4 LATAM
  • 1.2.5 MEA
  • 1.3 Forecast calculation
    • 1.3.1 COVID-19 impact calculations on industry forecast
  • 1.4 Data sources
    • 1.4.1 Primary
    • 1.4.2 Secondary
    • 1.4.2.1 Paid sources
    • 1.4.2.2 Public sources
  • Chapter 2 Executive Summary
  • 2.1 Automotive AC Filter industry 360° synopsis, 2017 - 2028
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