Global Market Study on Light Vehicle (LV) Cabin AC Filters: Particle Filter and Very High Efficiency Filter Segments Projected to Account for Significant Market Share During 2016 – 2024


  • Report code : PMRREP14779 |
  • Industry : Automotive |
  • Published On : Mar-2017 |
  • Pages : 182 Pages |
  • Format :

Persistence Market Research provides a comprehensive analysis of the global LV Cabin AC filters market in the new report titled “LV Cabin AC Filters Market: Global Industry Analysis & Forecast, 2016 - 2024”. The main aim of this report is to offer thorough analysis and provide insights pertaining to the global LV cabin AC filters market. This report offers an exclusive analysis of the global LV Cabin AC filters market in terms of market value (US$ Mn) & Volume (‘000 units) and year-wise sales of cabin AC filters according to sales channel such as OEM, OES and IAM. For better understanding of the market, the report is loaded with analysis of factors such as drivers, trends, restraints, and their impact on the market dynamics. The report is segmented into three sections viz. by technology, by sales channel and by region, to offer better insights on the global LV cabin AC filters market.

Report Description

The report on the global LV cabin AC filters market starts with the executive summary and market overview, which provides a complete view of the global LV cabin AC filters market. This section includes an analysis of region-wise price, equipment rate and replacement rate, product lifecycle analysis and market dynamics. The section that follows analyzes the global LV cabin AC filters market on the basis of key segments and presents a comprehensive forecast for the period of 2016-2024.

The last section of the report includes the global LV cabin AC filters market competitive landscape, which provides information about market participants and an analysis of companies based on categories of manufacturers across the value chain and their presence in the global LV cabin AC filters market. This section is intended to give readers an in-depth insight into the business strategies and operations of key players operating in the global LV cabin AC filters market along with an assessment of their performance, new product information, and other developments in the global LV cabin AC filters market.

Market Segmentation

By Technology

  • Particle Filter
  • Combined Filter
  • Anti-allergen Filter
  • Very High Efficiency Filter

By Sales Channel

  • Original Equipment Manufacturer (OEM)
  • Original Equipment Supplier (OES)
  • Independent Aftermarket (IAM)

By Region

  • North America
  • Europe
  • Asia Pacific (APAC)
  • Latin America
  • Middle East & Africa (MEA)

Research Methodology

For the market analysis, the report considers historical data from 2012 to 2014 and 2015 as the base year with estimated new LV cabin AC filters sale in 2016 and forecast made for the period 2017 to 2024. The market size is calculated with different type of filters and according to their selling prices offered by OEM, OES and IAM respectively. Further, data points such as filters split, sales channel spit and regional split, along with qualitative inputs from primary and secondary research are incorporated in order to provide accurate market analysis. The forecast presented in this report estimates the total revenue that is expected to be generated across the LV cabin AC filters market over the forecast period (2016–2024). In this report, the market forecasts have been conducted in terms of CAGR and Persistence Market Research analysts have also analyzed the global LV cabin AC filters market on the basis of Year-on-Year (Y-o-Y) growth in order to understand the behavior of the market and to identify emerging opportunities in the global LV cabin AC filters market. Moreover, for better understanding of each segment growth, the report analyzes the global LV cabin AC filters market in terms of Absolute Dollar Opportunity and Basis Point Share (BPS), which provide in-depth information about potential resources and key trends likely to emerge in the global LV cabin AC filters market. Along with this, Persistence Market Research has developed a unique market attractiveness index that provides information about the performance and growth of each key segment in the global LV cabin AC filters market.

Cabin AC filter is a component that prevents the entry of dust, airborne pollen and other allergic materials, which result in an unpleasant environment and can cause harm to people. It maintains the quality of air inside the cabin of a vehicle. Cabin AC filters are divided into four types based on the filtration media and purposes. A basic and common type of filter is particle type that comprises fine mesh to trap large particles. Combined type of cabin AC filter has a layer of fine activated charcoal to neutralize bad odor and improve air quality. The third type of filter is anti-allergen filters, wherein filter media is provided with certain type of surface treatment, which has anti-allergenic properties. Fourth type is the high efficiency cabin filter having efficiency over 92.5% and can trap particles of smaller size.

The global LV cabin AC filters market was estimated to be valued at over US$ 3,000 Mn by 2016 end and is expected to reach a market valuation in excess of US$ 4,500 Mn by the end of 2024, expanding at a CAGR of 5.1% over the forecast period. The global LV cabin AC filters market is anticipated to represent incremental opportunity of US$ 1,523.5 Mn between 2016 and 2024. In terms of volume, the global LV cabin AC filters market was estimated to reach 372,274 (‘000) units by 2016 end and is anticipated to increase to 549,545 (‘000) units by 2024, exhibiting a CAGR of 5.0% over the forecast period.

Factors influencing the global LV cabin AC filters market growth

Steady rise in vehicle production around the globe, rising adoption of cabin AC filter to filter out pollutant, dust, soot, bacteria and other particles will drive the global demand for cabin AC filters during the forecast period. The cabin AC filter is an essential part of HVAC systems and its operational efficiency is mainly dependent on the cabin filters; thus growing demand for effective HVAC systems will help drive the global LV cabin AC filters market. However, lack of awareness about cabin AC filter and its replacement cycle may hinder the revenue growth of the global LV cabin AC filters market during the forecast period. Integration and customization of LV cabin AC filters is one of the prominent trends likely to emerge in the global LV cabin AC filters market. Leading players of cabin AC filters across the world are focusing on expanding their product offering through the adoption of strategies such as collaborations, mergers and acquisitions, etc. Also, to increase aftermarket presence, prominent manufacturers are focusing on offering new and innovative products to customers.

Global LV Cabin AC Filters Market Analysis by Technology

By technology, the particle filter segment is projected to dominate the global LV cabin AC filters market over the forecast period. The particle filter segment in the global LV cabin AC filters market was valued at US$ 1,340.1 Mn in 2015 and is anticipated to increase 1.6X to be valued in excess of US$ 2,000 Mn by the end of 2024. This segment is projected to gain 90 BPS by 2024 as compared to that in 2016, expanding at a healthy CAGR of 5.4% over the forecast period. Steady growth of this segment can be attributed to the rising adoption of cabin AC air filters in OEM and aftermarket in the APAC region, especially in countries such as China and India. The very high efficiency filter segment is estimated to gain 10 BPS by 2024 as compared to that in 2016, expanding at a healthy CAGR of 5.1% over the forecast period. The combined and anti-allergen filter segments are projected to lose 40 BPS and 70 BPS respectively by 2024 as compared to that in 2016, expanding at a CAGR of 4.8% and 3.6% respectively over the forecast period. The particle filter segment and the very high efficiency filter segment are collectively estimated to hold a little over 75% of the revenue share of the global LV cabin AC filters market by 2024. This growth is largely due to the efficiency of filters to trap particles of very small size i.e. less than 0.1μm and a comparatively less pricing than the combined and anti-allergen filters.

lv cabin ac filters market

Company Profile

  • Robert Bosch GmbH
  • MAHLE GmbH
  • Denso Corporation
  • Sogefi SpA
  • Valeo SA
  • Donaldson Company, Inc.
  • ACDelco
  • Mann+Hummel GmbH
  • K&N Engineering, Inc.
  • Hengst SE & Co. KG
  • ALCO Filters Ltd.
  • EuroGIELLE S.r.l.
  • Airmatic Filterbau GmbH
  • Freudenberg & Co. KG
  • Ahlstrom Corporation
  • Others.
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