Dublin--(BUSINESS WIRE)--"By filter type (air, fuel, oil, cab, coolant, brake dust, oil separator, gearbox, steering, dryer element, EMI/EMC, cooling In the global automotive filter market divided by particles), ResearchAndMarkets.com’s products have added air and cabin filter media, fuel and vehicle types, after-sales market-forecast to 2026" report.
The automotive filter market after COVID-19 is estimated to grow from USD 19.5 billion in 2021 to USD 23.1 billion in 2026, with a compound annual growth rate of 3.4% during the forecast period.
Brake dust filters are the fastest growing market, by filter type
It is expected that brake dust filters will become the fastest growing part of the automotive filter market. The brake dust filter is expected to play an important role in reducing pollution caused by fine brake dust particles. The brake dust filter can be installed in the existing space around the disc brake.
They can also be equipped in all types of drives, from electric and hybrid cars to classic gasoline or diesel cars. Due to technological progress and the emphasis on pollution in these regions, the brake dust filter market in Europe and North America has higher growth potential. All these factors are expected to drive the market growth of brake dust filters.
Divided by filter type, battery dryer filters are the largest market in the OE market for electric vehicles
The value of the BEV drying cylinder market is estimated to be greater than that of PHEV, and it is expected to record a higher compound annual growth rate during the forecast period. The battery dryer protects the battery system from water condensation, because the battery is considered the most important component in the BEV.
The installation of these cartridges enhances the overall protection of the vehicle. The breathing of the battery system makes the interior damp, which may cause the risk of water condensation on the cooling plate. The air dryer element absorbs moisture and prevents condensation, which may cause a short circuit.
The battery drying cylinder is a necessary component for all-electric and hybrid models, because an electrical short circuit can cause serious damage to the vehicle system. Therefore, considering the important role of drying cylinders, the market is expected to remain the largest in the next few years.
Asia and Oceania is expected to grow the fastest, North America will become the largest market for automotive filters
The Asian Oceania region has become a promising market for the global automotive industry and original equipment manufacturers. The main reason behind this trend is the Chinese market, which has developed into the world's largest automobile producer and consumer. Car ownership is a key factor affecting the growth of the automotive filter market. China accounts for the largest share of car ownership in Asia and Oceania.
The development of road infrastructure and the increase in annual mileage are expected to drive the market growth of oil filters. The replacement life of the oil filter is relatively short and needs to be replaced regularly. In addition, the large fleet of vehicles, high environmental pollution and low-cost filters are expected to drive the market in this region.
North America is the largest market because automotive filters are a mature technology in the United States and Canada. In addition, strict emission standards to improve performance and comfort are expected to drive market development. Although Mexico does not have standards and regulations for automotive filters, it is developing a coordinated development with the United States. Therefore, the growth of automotive filters is very obvious, and the demand in this region is expected to increase significantly.
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ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com US Eastern Time Office Hours Call 1-917-300-0470 US/Canada Toll Free 1-800-526-8630 GMT Office Hours Call 353-1-416-8900
ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com US Eastern Time Office Hours Call 1-917-300-0470 US/Canada Toll Free 1-800-526-8630 GMT Office Hours Call 353-1-416-8900