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Global Light Vehicle (LV) Cabin AC Filters Market Size By Product (Particle Filter, Combined Filter), By Application (Original Equipment Manufacturer (OEM), Original Equipment Supplier (OES)), By Geographic Scope And Forecast


Published on: 2024-08-04 | No of Pages : 320 | Industry : latest updates trending Report

Publisher : MIR | Format : PDF&Excel

Global Light Vehicle (LV) Cabin AC Filters Market Size By Product (Particle Filter, Combined Filter), By Application (Original Equipment Manufacturer (OEM), Original Equipment Supplier (OES)), By Geographic Scope And Forecast

Light Vehicle (LV) Cabin AC Filters Market Size And Forecast

Light Vehicle (LV) Cabin AC Filters Market size was valued at USD 3405.18 Million in 2020 and is projected to reach USD 5088.68 Million by 2028, growing at a CAGR of 5.2% from 2021 to 2028.

The steady rise in vehicle production around the globe driving the growth of the Light Vehicle (LV) Cabin AC Filters Market. The rising adoption of cabin AC filters to filter out pollutants, dust, soot, bacteria, and other particles will drive the global demand for cabin AC filters during the forecast period. The Global Light Vehicle (LV) Cabin AC Filters Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Light Vehicle (LV) Cabin AC Filters Market Definition

The cabin air filter in a vehicle helps remove harmful pollutants, including pollen and dust, from the air individual breathe within the car. This filter, which is usually located behind the glovebox, cleans the air as it passes through the HVAC system of the vehicle. This filter is a small pleated unit made of engineered material or multifiber cotton based on paper. Before air can enter the car’s interior, it must pass through this filter, which traps any contaminants in the air and keeps them from entering the air passengers’ breath. Cabin air filters are installed in most late-model automobiles to trap particles in the air that can make driving less pleasant.

Changing the cabin air filter as much as the auto manufacturer recommends is the best way to make sure that the air is clean. A cabin AC filter prevents dust, airborne pollen, and other allergic materials from entering the cabin, resulting in an unpleasant environment and potential harm to people. It maintains the air quality in a vehicle’s cabin at a high level. Cabin AC filters are classified into four categories based on the filtration media used and the planned purpose. Particle filters are a basic and common type of filter that uses fine mesh to trap large particles.

The combined type of cabin AC filter has a layer of fine activated charcoal to neutralize bad odor and improve air quality. Anti-allergen filters are the third type of filter, in which the filter media has been treated with an anti-allergenic surface treatment. A Very High-Efficiency Filter, or VHE filter, is a type of cabin air filter that traps particulate matter very well. This filter is usually found in automobiles with more strict emission control requirements. They’re also often used in circumstances when allergens or other pollutants in the air are a concern.

Global Light Vehicle (LV) Cabin AC Filters Market Overview

The steady rise in vehicle production around the globe driving the growth of the Light Vehicle (LV) Cabin AC Filters Market. Following the global shutdown, automotive sales are surging throughout the world. Automobile manufacturing has increased at a pace of roughly 4% each year since 2010, according to the Organisation Internationale des Constructeurs d’Automobiles (OICA). In 2011, global automotive production, which included both passenger and commercial vehicles, reached 79 million units, slowly increasing to 90 million units in 2015. The constant rise in vehicle demand has driven manufacturers to increase production output, resulting in an increase in cabin AC filter production. As a result, such factors are expected to fuel market expansion in the near future.

The rising adoption of cabin AC filters to filter out pollutants, dust, soot, bacteria, and other particles will drive the global demand for cabin AC filters during the forecast period. The cabin AC filter is an essential part of HVAC systems, and their operational effectiveness is mainly reliant on them thus, the global market will benefit from the increasing development of more efficient HVAC systems. Integration and customization of LV cabin AC filters are one of the main trends likely to emerge in the global market. Leading cabin AC filter producers around the world are focusing on extending their product offerings through partnerships, mergers, and acquisitions, among other techniques. In a plan to enlarge their aftermarket presence, major manufacturers are concentrating on providing consumers with new and innovative products.

However, over the forecast period, a lack of awareness regarding cabin AC filters and their replacement cycles may hinder revenue growth in the global market. Although the cabin AC filter is an essential part of a vehicle’s HVAC system, the majority of consumers are unaware of its purpose. Cabin AC filters should be changed every 12,000 to 15,000 miles or once a year. However, many users are unaware of the replacement cycle of the filter. As a result, a lack of consumer awareness is expected to restrain market growth in the near future. Additionally, Over the forecast period, the global market is likely to be hampered by a fragmented aftermarket.

Furthermore, the addition of cabin AC filters to older vehicles can present lucrative growth opportunities for the global market. The majority of automobiles built after 1990 have cabin AC filters built-in. Cabin AC filters are not present in older vehicles with basic HVAC systems. The negative effects of air pollution on the human body are becoming more well recognized. Many owners of older vehicle models are being forced to install custom-made cabin AC filters in their vehicles’ HVAC systems.

Global Light Vehicle (LV) Cabin AC Filters Market Segmentation Analysis

The Global Light Vehicle (LV) Cabin AC Filters Market is segmented on the basis of Product, Application, and Geography.

Light Vehicle (LV) Cabin AC Filters Market, By Product

• Particle Filter• Combined Filter• Anti-allergen Filter• Very High-Efficiency Filter

Based on Product, the market is segmented into Particle Filter, Combined Filter, Anti-allergen Filter, and Very High-Efficiency Filter. The particle filter dominates the global market and is expected to retain its dominance in the global Light Vehicle (LV) Cabin AC Filters Market followed by the very high-efficiency filters segment

Light Vehicle (LV) Cabin AC Filters Market, By Application

• Original Equipment Manufacturer (OEM)• Original Equipment Supplier (OES)• Independent Aftermarket (IAM)

Based on Application, the market is segmented into Original Equipment Manufacturer (OEM), Original Equipment Supplier (OES), and Independent Aftermarket (IAM). Owing to a large presence of the automotive aftermarket in various geographies, the independent aftermarket is expected to lead the global market.

Light Vehicle (LV) Cabin AC Filters Market, By Geography

• North America• Europe• Asia Pacific• Rest of the world

On the basis of Regional Analysis, the Global Light Vehicle (LV) Cabin AC Filters Market is classified into North America, Europe, Asia Pacific, and Rest of the world. Over the forecast period, the APAC Light Vehicle (LV) Cabin AC Filters Market is expected to remain dominant. APAC is expected to retain a large share of the market. The APAC region’s growth in the market may be attributed to a constant increase in vehicle production and, as a result, a rise in the adoption of automotive cabin AC filters.

Key Players

The “Global Light Vehicle (LV) Cabin AC Filters Market” study report will provide a valuable insight with an emphasis on the global market. The major players in the market are Robert Bosch GmbH, MAHLE GmbH, Denso Corporation, Sogefi SpA, Valeo SA, Donaldson Company, ACDelco, Mann+Hummel GmbH, K&N Engineering, Hengst SE, ALCO Filters, Eurogielle Srl, Airmatic Filterbau GmbH, Freudenberg, and Ahlstrom Corporation.

Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.

Key Developments

• In March 2020, Donaldson Company, Inc. introduced the Filter Minder wireless air filter monitoring system for heavy-duty vehicles.

Report Scope

REPORT ATTRIBUTESDETAILS
STUDY PERIOD

2017-2028

BASE YEAR

2020

FORECAST PERIOD

2021-2028

HISTORICAL PERIOD

2017-2019

UNIT

Value (USD Million)

KEY COMPANIES PROFILED

Robert Bosch GmbH, MAHLE GmbH, Denso Corporation, Sogefi SpA, Valeo SA, Donaldson Company, ACDelco, Mann+Hummel GmbH.

SEGMENTS COVERED
  • By Product
  • By Application
  • By Geography
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• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

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