Automotive Filters Market worth $13.1 billion by 2027 - Exclusive Report by MarketsandMarkets - Seite 2

Geographies Covered

North America, Europe, Asia Pacific, Rest of the World

Report Highlights

Updated financial information / product portfolio of players

Key Market Opportunities

Advancements in filter media/technology

Key Market Drivers

Increase in stringency in emission regulations and fuel economy norms

 

Diesel Particulate Filters are expected to dominate the automotive filters market during the forecast period.

With increased stringency in emission regulations, the emission limits for PM is further decreased to 0.005 g/km in Euro VI, whereas the PM limits are set to 4.5mg/km in BS6 engines. Similarly, China 6a demands the PM to be limited to 0.0045 g/km. Such a decrease in PM limits has fueled the installation of DPFs. The DPF filters have major penetration rate in commercial vehicles, more than 50% commercial vehicles around the world are equipped with DPF filters because of stringent emission norms from various governments for diesel engines. High cost of DPF filters lead them as largest market in automotive filters market.

The high cost of DPF filter is mainly due to high-quality filtration media, diesel oxidation catalyst, and the outlet tailpipe. However, major global OEMs such as Volkswagen (Germany), General Motors (US), Ford Motor Company (US), and Mercedes-Benz (Germany) have committed to stopping the complete production of diesel cars in the future. Many European countries have also declared a ban on ICE vehicles during the varied period. This would negatively impact the DPF market for the passenger vehicle segment; however, heavy commercial vehicles are primarily run-on diesel engines. Hence, the DPF demand wouldn't be impacted much in heavy commercial vehicles.