Commercial Vehicle Air Filter Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth And Forecast 2021 - 2026

Report Code: AM 69179 Report Format: PDF + Excel (Delivery in 48 Hrs)

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

    For More Details on This Report - Request for Sample

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

 APAC is expected to dominate the market with a largest share in forecasted period at 36% in 2020 and the region is estimated to witness the highest growth during the forecast period, 2020-2025. The United States is expected to have highest market share of North America vehicle Air Filter and is estimated to have substantial growth in forecasted period. Engine air filters resulted for substantial market share of North America vehicle Air Filter market. However cabin air filter also plays an important role into the market. The demand for commercial vehicles in APAC is rapidly increasing and due to presence of large number of commercial vehicle the air filter market I expected to have substantial growth in APAC during the forecasted period.

Commercial Vehicle Air Filter Market Drivers

Increase in vehicle production

 Commercial vehicle such as pick up van, small trucks and other light commercial vehicle are rapidly increasing due to easy commute, for instance rise in logistic industries and e-commerce businesses resulting to increase in production of commercial vehicle which in turn expected to boost the growth of air filter market. However vehicle manufactures are increasing heavy trucks and containers for construction industries and other which are also driving the commercial vehicle air filter market. Thus increase in vehicle production will lead to increase in consumption of Air filters and is expected to have substantial growth into the market.

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:

Report Code: AIR 0311

Report Code: AM 36980

For more Automotive related reports, please click here

1. Commercial Vehicle Air Filter Market Overview
    1.1 Definitions and Scope
2. Commercial Vehicle Air Filter Market - Executive Summary
    2.1 Market Revenue, Market Size and Key Trends by Company
    2.2 Key trends By Application
    2.3 Key trends segmented by Geography
3. Commercial Vehicle Air Filter Market – Market Landscape
    3.1 Comparative Analysis
        3.1.1 Product/Company Benchmarking-Top 5 Companies
        3.1.2 Top 5 Financial Analysis
        3.1.3 Market Value Split by Top 5 Companies
        3.1.4 Patent Analysis
        3.1.5 Pricing Analysis (Comparison of General Price of Industry Solutions)
4. Commercial Vehicle Air Filter Market – Industry Market Entry Scenario Premium (Premium)
    4.1 Regulatory Scenario
    4.2 Ease of Doing Business Index
    4.3 Case Studies
    4.4 Customer Analysis
5. Commercial Vehicle Air Filter Market – Startup Company Scenario (Premium)
    5.1 Venture Capital and Funding Scenario
    5.2 Startup Company Analysis
6. Commercial Vehicle Air Filter Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porters five force model
        6.3.1 Bargaining power of suppliers
        6.3.2 Bargaining powers of customers
        6.3.3 Threat of new entrants
        6.3.4 Rivalry among existing players
        6.3.5 Threat of substitutes
7. Commercial Vehicle Air Filter Market – By Strategic Analysis (Market Size -$Million/Billion)
    7.1 Value Chain Analysis
    7.2 Opportunities Analysis
    7.3 Product Life Cycle/Market Life Cycle Analysis
8. Commercial Vehicle Air Filter Market – By Application (Market Size -$Million/Billion)
    8.1 Engine Air Filter
    8.2 Cabin Air Filter
9. Commercial Vehicle Air Filter Market – By Type (Market Size -$Million/Billion)
    9.1 Paper Air Filter
    9.2 Gauze Air Filter
    9.3 Foam Air Filter
    9.4 Others
10. Commercial Vehicle Air Filter Market – By Vehicle Type (Market Size -$Million/Billion)
    10.1 LCV
    10.2 HCV
11. Commercial Vehicle Air Filter Market – By Vehicle Fuel Type (Market Size -$Million/Billion)
    11.1 ICE
        11.1.1 Diesel
        11.1.2 Petrol
    11.2 BEV
    11.3 BHEV
    11.4 HEV
12. Commercial Vehicle Air Filter Market - By Geography (Market Size -$Million/Billion)
    12.1 North America
        12.1.1 U.S
        12.1.2 Canada
        12.1.3 Mexico
    12.2 Europe
        12.2.1 Germany
        12.2.2 France
        12.2.3 UK
        12.2.4 Italy
        12.2.5 Spain
        12.2.6 Russia
        12.2.7 Netherlands
        12.2.8 Others
    12.3 APAC
        12.3.1 China
        12.3.2 Japan
        12.3.3 South Korea
        12.3.4 India
        12.3.5 Australia
        12.3.6 Indonesia
        12.3.7 Malaysia
        12.3.8 Others
    12.4 South America
        12.4.1 Brazil
        12.4.2 Argentina
        12.4.3 Chile
        12.4.4 Colombia
        12.4.5 Others
    12.5 RoW
        12.5.1 Middle East
        12.5.2 Africa
13. Commercial Vehicle Air Filter Market - Market Entropy
    13.1 New product launches
    13.2 M&A's, collaborations, JVs and partnerships
14. Commercial Vehicle Air Filter Market – Industry Competitive Landscape (Premium)
    14.1 Market Share – Global
    14.2 Market Share by Region
    14.3 Market Share By Application
15. Commercial Vehicle Air Filter Market – Key Company List by Country Premium (Premium)
16. Commercial Vehicle Air Filter Market - Company Analysis
    16.1 Company 1
    16.2 Company 2
    16.3 Company 3
    16.4 Company 4
    16.5 Company 5
    16.6 Company 6
    16.7 Company 7
    16.8 Company 8
    16.9 Company 9
    16.10 Company 10

LIST OF TABLES

1.Global Major Manufacturers Introduction Market 2019-2024 ($M)
1.1 Manufacturers List Market 2019-2024 ($M) - Global Industry Research
1.1.1 Future Strategic Planning Market 2019-2024 ($M)
2.Global Major Manufacturers Introduction Market 2019-2024 (Volume/Units)
2.1 Manufacturers List Market 2019-2024 (Volume/Units) - Global Industry Research
2.1.1 Future Strategic Planning Market 2019-2024 (Volume/Units)
3.North America Major Manufacturers Introduction Market 2019-2024 ($M)
3.1 Manufacturers List Market 2019-2024 ($M) - Regional Industry Research
3.1.1 Future Strategic Planning Market 2019-2024 ($M)
4.South America Major Manufacturers Introduction Market 2019-2024 ($M)
4.1 Manufacturers List Market 2019-2024 ($M) - Regional Industry Research
4.1.1 Future Strategic Planning Market 2019-2024 ($M)
5.Europe Major Manufacturers Introduction Market 2019-2024 ($M)
5.1 Manufacturers List Market 2019-2024 ($M) - Regional Industry Research
5.1.1 Future Strategic Planning Market 2019-2024 ($M)
6.APAC Major Manufacturers Introduction Market 2019-2024 ($M)
6.1 Manufacturers List Market 2019-2024 ($M) - Regional Industry Research
6.1.1 Future Strategic Planning Market 2019-2024 ($M)
7.MENA Major Manufacturers Introduction Market 2019-2024 ($M)
7.1 Manufacturers List Market 2019-2024 ($M) - Regional Industry Research
7.1.1 Future Strategic Planning Market 2019-2024 ($M)

LIST OF FIGURES

1.US Commercial Vehicle Air Filter Market Revenue, 2019-2024 ($M)
2.Canada Commercial Vehicle Air Filter Market Revenue, 2019-2024 ($M)
3.Mexico Commercial Vehicle Air Filter Market Revenue, 2019-2024 ($M)
4.Brazil Commercial Vehicle Air Filter Market Revenue, 2019-2024 ($M)
5.Argentina Commercial Vehicle Air Filter Market Revenue, 2019-2024 ($M)
6.Peru Commercial Vehicle Air Filter Market Revenue, 2019-2024 ($M)
7.Colombia Commercial Vehicle Air Filter Market Revenue, 2019-2024 ($M)
8.Chile Commercial Vehicle Air Filter Market Revenue, 2019-2024 ($M)
9.Rest of South America Commercial Vehicle Air Filter Market Revenue, 2019-2024 ($M)
10.UK Commercial Vehicle Air Filter Market Revenue, 2019-2024 ($M)
11.Germany Commercial Vehicle Air Filter Market Revenue, 2019-2024 ($M)
12.France Commercial Vehicle Air Filter Market Revenue, 2019-2024 ($M)
13.Italy Commercial Vehicle Air Filter Market Revenue, 2019-2024 ($M)
14.Spain Commercial Vehicle Air Filter Market Revenue, 2019-2024 ($M)
15.Rest of Europe Commercial Vehicle Air Filter Market Revenue, 2019-2024 ($M)
16.China Commercial Vehicle Air Filter Market Revenue, 2019-2024 ($M)
17.India Commercial Vehicle Air Filter Market Revenue, 2019-2024 ($M)
18.Japan Commercial Vehicle Air Filter Market Revenue, 2019-2024 ($M)
19.South Korea Commercial Vehicle Air Filter Market Revenue, 2019-2024 ($M)
20.South Africa Commercial Vehicle Air Filter Market Revenue, 2019-2024 ($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