According to a market report by Lucintel, the future of the global automotive filter market looks promising with opportunities in the engine air filter, oil filter, fuel filter, and cabin air filter markets. The global automotive filter market market is expected to reach an estimated $20 billion by 2030 from $15.1 billion in 2023 at a CAGR of 4% from 2024 to 2030. The major drivers for this market are increasing vehicle production and sales, stringent emission and environmental regulations, and growing focus on vehicle performance and maintenance.
In this market, passenger car, light commercial vehicle, and heavy commercial vehicle are the major segments of automotive filter market vehicle type.
Lucintel forecasts that cabin air filter will remain the largest segment over the forecast period due to rising concerns over the safer environment of a car’s interior resulted in increased demand for the cabin air filter segment in the automotive industry.
Within this market, passenger car is expected to witness the highest growth.
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North America will remain the largest region over the forecast period.
Tenaris, TMK, Vallourec, United States Steel Corporation, National Oil Well Varco, Sumitomo Corporation, and JEE Steel Corporation are the major suppliers in the oil country tabular goods market.
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Roy Almaguer
Lucintel
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Email: [email protected]
Tel. +1 972.636.5056
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