Automotive filters are used to prevent the entry of dust particles, exhaust fumes and bacteria into the vehicle engine and reduce maintenance costs. It also helps in reducing air pollution. Stringent emission laws on vehicular emissions by governments of various countries are driving sales in the automotive filter market. A set of standard rules apply to passenger cars and light-duty vehicles around the world, to reduce the risk of hazardous gases resulting from vehicle emissions.
Gases emitted by vehicles such as hydrocarbons (HC), nitrogen oxides (NOx), and carbon monoxide (CO) are extremely harmful to the environment. These factors are expected to boost the sales of automotive filters to reduce carbon emissions. The increase in research and development (R&D) activities in various developing economies to extend the service life of automotive filters is expected to propel the market growth during the forecast period.
Impact of COVID-19 on the Global Automotive Filters Market
The rapid spread of coronavirus across the globe and the lockdown implemented in several countries has had a negative impact on the global automotive filter market. This has disrupted the supply chain, halting the production of vehicles around the world. However, manufacturers operating in the automotive and transportation industries are recovering from losses caused by a troubled ecosystem and declining sales of automotive vehicles. In the global automotive filter market, manufacturers are focusing on increasing their production capacity to generate revenue gains.
The increasing production of passenger cars in emerging economies is a major factor driving the growth of the market. Technological improvements in filter media types are also anticipated to provide significant opportunities for automotive filter manufacturers over the next few years.
Drivers of Automotive Filter Market
Automotive filters prevent the ingress of dust particles such as pollen, exhaust fumes and bacteria into the carburetor and engine. This reduces air pollutants emitted by vehicles, reduces maintenance costs and prolongs the service life of the vehicle. The government and emissions bodies have enacted stringent emission laws for vehicles that emit hazardous gases such as hydrocarbons (HC), nitrogen oxides (NOx), and carbon monoxide (CO).
For example, in the US the Environmental Protection Agency (EPA) has amended standards such as the National Program for Greenhouse Gas Emissions (GHG) and fuel economy standards for light vehicles (passenger cars and trucks). These factors are expected to drive the automotive filter market across the globe.
Rising automobile sales and growing environmental concerns have prompted the governments of many countries to create stringent standards regarding greenhouse gas (GHG) emissions and the fuel economy of vehicles. This, in turn, is promoting the adoption of different types of filters in automobiles to reduce carbon emissions.
In addition, major players are investing in research and development (R&D) activities to increase the service life of automotive filters. Further, these factors are expected to drive the automotive filter market during the forecast period.
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Fact.MR is an independent, pure play market intelligence company with the mission of delivering high-quality, tailored market analysis solutions that enable our customers to enter the market effectively, armed with actionable insights that can influence key business decisions. Our laser-like emphasis on delivering fact-based solutions is based on insights gathered from more than 100 million data points, carefully compiled over the last decade and consolidated across a wide range of sectors of the industry.
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