Commercial Vehicle Air Filter Market - Forecast(2024 - 2030)
Commercial Vehicle Air Filter Market Overview
The
market for commercial vehicle
air filter is forecast to reach $2.7 billion by
2026, growing at a CAGR of 4.8% from 2021 to 2026. The commercial vehicle air
filter market is estimated to witness substantial growth over the forecast period.
The use of Commercial vehicle for logistics industry, construction industry and
others have increased in the regions such as Europe and APAC which is driving
the commercial vehicle market and in turn Air Filter market is expected to have
growth into the market. The rising demand for mall trucks, pick-up vans, and
other light commercial vehicles is expected to boost the demand for cabin air
filters and air intake filters market as this market depends on vehicle demand.
Engine Air Filter is the most important component of the vehicle which plays a crucial
role in engine performance by filtering the air to run the engine efficiently.
The Air Filters being important component for vehicles performance is expected
to boost the market in forecasted period. APAC is to have largest market share
in forecasted period.
Report Coverage
The report: “Commercial Vehicle Air Filter Market– Forecast (2021-2026)”, by
IndustryARC covers an in-depth analysis of the following segments of the Commercial
Vehicle Air Filter market.
By Types – Paper Air
Filters, Gauze Air Filters, Foam Air Filters.and Others.
By
Applications – Engine air filters, Cabin air filters.
By Vehicle
Type – LCV, HCV.
By Vehicle
Fuel Type – ICE (Diesel, Petrol), BEV,
HEV, BHEV and Others.
By Geography - North America (U.S, Canada, Mexico), Europe (Germany,
UK, France, Italy, Spain, Russia and Others), APAC(China, Japan India, SK, Aus
and Others), South America(Brazil, Argentina and others), and RoW (Middle east
and Africa).
Key Takeaways
- The commercial vehicle air filter market
is estimated to witness substantial growth over the forecast period
primarily due to the growing demand for small trucks, pick-up vans, and
other light commercial vehicles.
- Air filters are now made by cellulose,
and activated carbon which provide good quality air flow for better
performance.
- Intake (engine) Air filter is expected to
have highest market growth in North America and is expected to have
substantial growth into the market.
- Rising in production of commercial
vehicles is expected to boost up the market for both cabin air filter as
well as engine air filter. However engine air filters are expected to
propel more when compared to cabin air filters.
- APAC to have largest market share into the commercial vehicle Air filter market. North America is estimated to witness growth during the forecast period, 2021-2026.
Commercial Vehicle Air Filter Market, By Vehicle Type, 2020
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Commercial Vehicle Air Filter Market Segment Analysis - By Applications
The market is segmented by Applications into Cabin air filter
and Engine air filter. Engine air filters are developed to make
automobile engine work efficiently by taking account of environmental
conditions. APAC is the largest market holder of commercial vehicle air filter,
engine air filters tends to be used more by the vehicle when compared to cabin
air filter. As engine air filter worn out fast than a cabin air filter it
result into boosting engine air filter in the market. Cabin air filters
purifies air which passes into the cabin and make a clean atmosphere for the
driver to stay in cabin for long time. Thus this leads to boost the market in
forecasted period at 5.3% CAGR through 2026.
Commercial Vehicle Air Filter Market Segment Analysis - By Vehicle Fuel Type
BEV Filter is growing
at a highest CAGR of 12.5% in the forecast period 2021-2026. Initially,
the shorter driving range was one of the major disadvantages of BEVs. However,
with advancements in technology, the driving range of BEVs increased
significantly. For instance, including all variations of the Nissan LEAF and
Tesla Models, the average battery range is 253 miles. BEV sales are also
increasing, which is attributed to government incentives to OEMs for increasing
electric vehicles in their fleets. Moreover several companies have been
investing heavily for the Production of electric vehicles including battery
EVs. In 2019, Ford Motor has committed to increase its investments in electric
vehicles to $11 billion by 2022. Similarly, Volkswagen has committed to invest
$66.3 billion in the next five years in digitization as well as producing more
electric vehicles. Hence increase in the production of Electric or Battery
Electric vehicles will provide opportunities for automotive filters in the
forecast period 2021-2026.
Commercial Vehicle
Air Filter Market Segment Analysis - By Geography
Commercial
Vehicle Air Filter Market Drivers
Increase in vehicle production
Advancement in technology
Advancement in air filters are expected to
maintain driver health and engine safety. Air Filters are advanced in
filtration which provides better air flow resulting in engine efficiency
and increasing fuel efficacy. Air filters
are made up of synthetic
glass fibre, cellulose, and activated carbon which ensures better air flow into
the cabin and engine. Advancements
in air filter technology will leads to a huge opportunity for commercial
vehicle air filter to propel into the market.
Commercial Vehicle Air Filter Market Challenges
Increasing installation rate of non-replaceable filters
Although Automotive
Filters are analyzed to grow at a rapid rate, increased installation of
non-replaceable filters hinder the market growth. These non-replaceable filters
are washable and can be used for a longer period. In the future, the filter
aftermarket would be impacted by the non-replaceable filters since various
filters, such as air and cabin filters, need not be changed in the entire
lifespan of the vehicle. Hence increased installation of non-replaceable
filters will hinder the market growth in the forecast period 2021-2026.
Commercial Vehicle Air Filter Market Landscape
Product launches, acquisitions, and R&D activities are
key strategies adopted by players in the commercial vehicle air filter market. The
commercial vehicle air filter market is dominated by major companies such Mann
+ Hummel GmbH, K&N Engineering Inc., Toyota Boshoku Corporation, Parker
Hannifin Corp., Cummins Inc., Freudenberg & Co. KG, Donaldson Company Inc.,
Sogefi Spa, Robert Bosch GmbH, Valeo S.A.
Acquisitions/Technology Launches
- In April 2020, MANN+HUMMEL launched Frecious Plus, a latest innovation in cabin air filtration. The filter blocks bad smells and dust and ensure to remove almost 100 per cent of harmful dust particles and other gases.
- In March 2020, Donaldson introduced its Filter Minder wireless monitoring system for air filters on heavy-duty engines. Filter Minder wireless monitoring system sensors sends filter performance data to the cloud, and provide signals about it life.
Related
Reports:
LIST OF TABLES
1.Global Major Manufacturers Introduction Market 2023-2030 ($M)1.1 Manufacturers List Market 2023-2030 ($M) - Global Industry Research
1.1.1 Future Strategic Planning Market 2023-2030 ($M)
2.Global Major Manufacturers Introduction Market 2023-2030 (Volume/Units)
2.1 Manufacturers List Market 2023-2030 (Volume/Units) - Global Industry Research
2.1.1 Future Strategic Planning Market 2023-2030 (Volume/Units)
3.North America Major Manufacturers Introduction Market 2023-2030 ($M)
3.1 Manufacturers List Market 2023-2030 ($M) - Regional Industry Research
3.1.1 Future Strategic Planning Market 2023-2030 ($M)
4.South America Major Manufacturers Introduction Market 2023-2030 ($M)
4.1 Manufacturers List Market 2023-2030 ($M) - Regional Industry Research
4.1.1 Future Strategic Planning Market 2023-2030 ($M)
5.Europe Major Manufacturers Introduction Market 2023-2030 ($M)
5.1 Manufacturers List Market 2023-2030 ($M) - Regional Industry Research
5.1.1 Future Strategic Planning Market 2023-2030 ($M)
6.APAC Major Manufacturers Introduction Market 2023-2030 ($M)
6.1 Manufacturers List Market 2023-2030 ($M) - Regional Industry Research
6.1.1 Future Strategic Planning Market 2023-2030 ($M)
7.MENA Major Manufacturers Introduction Market 2023-2030 ($M)
7.1 Manufacturers List Market 2023-2030 ($M) - Regional Industry Research
7.1.1 Future Strategic Planning Market 2023-2030 ($M)
LIST OF FIGURES
1.US Commercial Vehicle Air Filter Market Revenue, 2023-2030 ($M)2.Canada Commercial Vehicle Air Filter Market Revenue, 2023-2030 ($M)
3.Mexico Commercial Vehicle Air Filter Market Revenue, 2023-2030 ($M)
4.Brazil Commercial Vehicle Air Filter Market Revenue, 2023-2030 ($M)
5.Argentina Commercial Vehicle Air Filter Market Revenue, 2023-2030 ($M)
6.Peru Commercial Vehicle Air Filter Market Revenue, 2023-2030 ($M)
7.Colombia Commercial Vehicle Air Filter Market Revenue, 2023-2030 ($M)
8.Chile Commercial Vehicle Air Filter Market Revenue, 2023-2030 ($M)
9.Rest of South America Commercial Vehicle Air Filter Market Revenue, 2023-2030 ($M)
10.UK Commercial Vehicle Air Filter Market Revenue, 2023-2030 ($M)
11.Germany Commercial Vehicle Air Filter Market Revenue, 2023-2030 ($M)
12.France Commercial Vehicle Air Filter Market Revenue, 2023-2030 ($M)
13.Italy Commercial Vehicle Air Filter Market Revenue, 2023-2030 ($M)
14.Spain Commercial Vehicle Air Filter Market Revenue, 2023-2030 ($M)
15.Rest of Europe Commercial Vehicle Air Filter Market Revenue, 2023-2030 ($M)
16.China Commercial Vehicle Air Filter Market Revenue, 2023-2030 ($M)
17.India Commercial Vehicle Air Filter Market Revenue, 2023-2030 ($M)
18.Japan Commercial Vehicle Air Filter Market Revenue, 2023-2030 ($M)
19.South Korea Commercial Vehicle Air Filter Market Revenue, 2023-2030 ($M)
20.South Africa Commercial Vehicle Air Filter Market Revenue, 2023-2030 ($M)
21.North America Commercial Vehicle Air Filter By Application
22.South America Commercial Vehicle Air Filter By Application
23.Europe Commercial Vehicle Air Filter By Application
24.APAC Commercial Vehicle Air Filter By Application
25.MENA Commercial Vehicle Air Filter By Application