Asia Pacific Automotive Air Filters Market Size, Share & COVID-19 Impact Analysis, By Vehicle Type (Passenger Cars, Light Commercial Vehicles, and Heavy Commercial Vehicles), By Product Type (Air Intake Filters and Cabin Air Filters), By End-User (OEM and Aftermarket) and Regional Forecast, 2023-2030

Asia Pacific is the fastest-growing region in the global automotive market. Asia Pacific automotive air filters market size is projected to grow at a CAGR of 6.2% during the forecast period. The global market for automotive air filters is projected to grow from USD 5.15 billion in 2022 to USD 8.72 billion by 2030.

Increasing vehicle sales will increase demand for air filters in countries such as China, South Korea and India. As per the OICA report, passenger cars reported sales of over 3.6 million in India, 21.4 million in China, and 3.2 million in South Korea. The upward trend of passenger car sales will directly increase the sales of automotive air filters across the region. Moreover, rising awareness related to efficient vehicle performance, the importance of replacing air filters for passengers' comfort, and improved fuel economy are driving the Asia Pacific automotive air filters market growth. 

LATEST TRENDS

Growing Demand for Advanced Air Filters with Synthetic Fiber to propel the Market Growth

OEMs are taking various steps to offer their customers ever-improving air quality inside vehicles through cutting-edge air purification technologies to help people breathe cleaner air. For instance, in May 2022, Volvo Cars introduced its latest air purification technology, the Advanced Air Cleaner, for its new 90 and 60-series models. The Advanced Air Cleaner has been certified asthma-allergy friendly by Allergy Standards Limited (ASL), designed to remove up to 99.9% of grass and weed pollen allergens from incoming air.

DRIVING FACTORS

Rapid Uptick in Investment by foreign OEMs is anticipated to Propel Market Growth

The sharp uptick in Foreign Direct Investment (FDI) in the automotive sector in countries including India, China, and Japan will drive the market growth of automotive air filters in the region. For instance, the automobile sector in India attracted USD 4.9 billion of FDI in the fiscal year 2022.

Similarly, the improvement in industrial capabilities in China has been augmented through several joint ventures between the state-owned Chinese organizations and the U.S., Japanese, German and South Korean brands. Companies, including Honda, VW, GM, Toyota, Nissan, Buick, Ford, Hyundai, Kia, and Daimler-Benz, manufacture locally in China with a local partner.

With the growth of local manufacturing capabilities, aftermarket services, and technical know-how, home-grown Chinese brands emerged as a global export market. This will accelerate the deployment of these filters across the region.

RESTRAINING FACTORS

Growing Trade Tension between China and the U.S. Impacts the Automobile Sector 

The slowdown in production and sales of passenger cars and commercial vehicles owing to the trade tension between two major economies, China and the U.S., in tandem with the ongoing impact of the COVID-19 pandemic, has impacted the automotive industry. For instance, China increased the tariffs on U.S. manufactured automobiles from 15% to 40% in retaliation to U.S. tariffs. The rise in tariff rates and quotes will limit the growth of the automotive sector, which might restrain the market growth.

KEY INDUSTRY PLAYERS

In terms of the competitive landscape A.L. SHANGHAI AUTOMOTIVE, Zenith Auto Industries (P) Ltd., ELOFIC INDUSTRIES LIMITED, Mann+ Hummel GmbH are the key players in the Asia Pacific market, owing to strong product offerings, active involvement in R&D investments for the acceleration of product launches and approvals in the forecast period.

Other prominent players, such as Denso Corporation, Cummins, and Robert Bosch GmbH, are also leading the market due to their strong distribution network and diverse product portfolio. Other major players are K&N Engineering, Inc., Ahlstrom Corporation, and Hengst SE. These companies are focused on strengthening their product portfolio and distribution network through strategic collaboration and partnerships to increase their part in Asia Pacific automotive air filters market share.

LIST OF KEY COMPANIES PROFILED:

• Denso Corporation (Japan)


• Donaldson Company, Inc. (U.S.)


• Fonho (China)


• Aiko (Japan)


• Kotobuki Factory Co., Ltd (JDA) (Japan)


• WAKO FILTER TECHNOLOGY Co., Ltd. (Japan)


• ELOFIC INDUSTRIES LIMITED (India)


• Zenith Filters (India)


• HEBEI XUE YUAN FILTER CO.,LTD (China)


• FILONG Automotive Group Limited (China)

KEY INDUSTRY DEVELOPMENTS:

• August 2021: Honda Cars partnered with Freudenberg to launch a new antivirus cabin air filter as an official automobile accessory in India. The new air filter is designed to remove harmful germs, pollutants and viruses from the vehicle to keep the driver and passengers safe.


• February 2020: Geely, a Chinese car company, launched an air-filtration system for its compact SUV model, capable of purifying air of viruses and bacteria. The car's system is certified to filter out 95% of small particles to ensure the better health of passengers.

REPORT COVERAGE

The market report provides a detailed analysis of the market. The report provides an automotive application type market analysis and focuses on key aspects such as leading companies, product/service types, and leading product applications. Besides, the report offers insights into the market trends and highlights key industry developments. In addition to the factors above, the report encompasses several factors that contributed to the market's growth in recent years.

Report Scope & Segmentation