The Global Light Vehicle (LV) Cabin AC Filters Market, By Technology (Particle Filter, Combined Filter, Anti-allergen Filter and Very High Efficiency Filter), By Sales Channel (OEM (Original Equipment Manufacturer), OES (Original Equipment Supplier) and IAM (Independent Aftermarket)) and by Region (North America, Latin America, Europe, Asia Pacific, Middle East and Africa) - Global Forecast to 2027”, is expected to be valued at US$ 4,136.6 Million by 2027, exhibiting a CAGR of 5.1% during the forecast period (2020-2027), as highlighted in a report published by Coherent Market Insights.

Overview

Cabin AC filter is one of the critical parts of the HVAC system of a vehicle. The primary task of a cabin AC filter is to remove harmful pollutants such as dust and air pollutants. There are different types of cabin AC filters including anti-allergen filters, combine filters, particle filters, and very high-efficiency filters. On the basis of region, the market is divided into North America, Europe, Latin America, Asia Pacific, and Middle East & Africa.

The global Light Vehicle (LV) Cabin AC Filters Market was accounted for US$ 27,67.4 Mn in terms of value and 429,139 Thousand Units in terms of volume in 2019 and is expected to grow at CAGR of 5.1% for the period 2020-2027.

Market Driver

Increasing demand for the efficient HVAC system is expected to drive growth of the global light vehicle (LV) cabin AC filters market during the forecast period

HVAC systems operate by drawing power from the engine. Generally, fuel consumption increases when the efficiency of the HVAC system decreases. The primary reason behind this is the clogging of dust particles and other various microparticles in the evaporator of the HVAC system. To counter this, occupants tend to increase the blower speed of the HVAC system, which in turn leads to higher fuel consumption. This is usually avoided by decreasing the occurrence of particulate clogging in the evaporator unit. Therefore the implementation of cabin AC filters at the air intake also provides the advantage of enhancing the efficiency of the HVAC system, which in turn, is augmenting fuel efficiency. Hence, these factors are expected to drive growth of the global light vehicle (LV) cabin AC filters market during the forecast period.

Market Opportunity

Strict regulatory policies regarding emission norms can present lucrative growth opportunities

Government of various countries has started imposing strict regulatory norms regarding automotive emission. As a result of this, the demand for cabin AC filters is increasing rapidly. Key players in the market can capitalize on these opportunities by providing novel cabin AC filters and gain a competitive edge in the market.

Market Restraint

Rising sales of battery electric vehicles are expected to hamper the global light vehicle (LV) cabin AC filters market growth over the forecast period

Battery electric vehicles have witnessed significant popularity in the recent past. This is owing to high efficiency, low emission, and better performance as compared to gasoline-powered vehicles. As a result of this, the demand for air, oil, and fuel filters declining rapidly. Hence, these factors are expected to hinder the global light vehicle (LV) cabin AC filters market growth over the forecast period.

Market Trends

  1. Merger and acquisition activities among market players

Major companies in the global light vehicle (LV) cabin AC filters market are focused on merger and acquisition activities, in order to expand product portfolio and gain a competitive advantage in the market. For instance, in June 2015, MAHLE GmbH acquired Japan-based Kokusan Denki and in the following month, the company acquired a China-based joint venture, Shanghai Delphi Automotive AirConditioning System Co. Ltd. Moreover, in August 2016, Donaldson Company, Inc. acquired Industrias Partmo S.A. in Colombia through its newly owned subsidiary Filtros Partmo S.A.S. with an aim to increase sales of its replacement filters brand Partmo in Latin America. This trend is expected to continue during the forecast period.

  1. Research and development activities by key manufacturers

Key manufacturers in the industry are involved in research and development activities, in order to innovate novel cabin AC filters. The introduction of new cabin filters into their product catalog is further fueling the growth of the light vehicle cabin air filters among the consumers. For instance, in September 2014, Mann+Hummel GmbH launched a new FreciousPlus cabin filter with a bio-functional coating that have a tendency to trap allergens such as bacteria and fungi.

Competitive Section

Key players involved in the global light vehicle (LV) cabin AC filters market are Robert Bosch GmbH, Donaldson Company, Inc., MAHLE GmbH, Valeo SA, Denso Corporation, Sogefi SpA, ALCO Filters Ltd., ACDelco, Ahlstrom Corporation, Mann+Hummel GmbH, Freudenberg & Co. KG, K&N Engineering, Inc., Airmatic Filterbau GmbH, Hengst SE & Co. KG, and EuroGIELLE S.r.l. 

Key Developments

  1. Key players are focused on product launches, in order to expand the product portfolio. For instance, in February 2019, ACDelco, a subsidiary of General Motors, introduced Cabin AC filter at ACMA Automechanika show today.
  2. Major market players are focused on capacity and business expansion, in order to gain a competitive edge in the market. For instance, in February 2017, Freudenberg & Co. KG expanded its production facility situated at Hopkinsville, Kentucky, which is mainly engaged in the manufacturing of cabin air filters.

Segmentation

Market Taxonomy:

  1. By Technology
  • Particle Filter
  • Combined Filter
  • Anti-allergen Filter
  • Very High Efficiency Filter
  1. By Sales Channel
  • OEM (Original Equipment Manufacturer)
  • OES (Original Equipment Supplier)
  • IAM (Independent Aftermarket)
  1. By Region
  • North America
  • Europe
  • Asia Pacific (APAC)
  • Latin America
  • Middle East & Africa (MEA)
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