Market Trends of United States Automotive Air Filters Industry
Commercial Vehicle Segment Captures Market
Growing mining and construction sector activities among developing and developed nations are expected to contribute significantly to market growth. Further, rapid growth in the transportation and logistics industry, advancements in infrastructure, and increased recreational activities in regional trade are anticipated to offer new opportunities for players in the market.
In addition, technological advancements like telematics, fleet management systems in trucks, and the evolution of the electrification of trucks are likely to enhance demand in the market over the forecast period.
Commercial vehicle fleet owners are concerned about the average yearly mileage of commercial vehicles for which they are continuously monitoring the health of the engine and other spare parts by doing timely maintenance and engine checkups. Consumers are likely to change both intake and cabin cleaners periodically to meet the stringent implementation of these air standards by the state governments, therefore, boosting the sales of automotive air filters in the country.
Trucking has been pivotal to the United States Economy, accounting for around 72% of the nation’s freight by weight, and the trend is likely to be sustained over the long term. Moreover, the country is also home to several truck manufacturing companies developing advanced powertrains to support the country’s mission of fighting emission regulations.
Truck registrations in the U.S. have been recovering steadily since the second half of 2020, with the same sustained in 2021, led by ongoing economic recovery driving up freight volumes & rates. The same has stimulated replacement demand across operators and will likely drive fleet expansion in 2021. According to research reports, In January 2021, there were 42,307 orders for Class 8 trucks and 26,403 orders for Class 5-7 trucks.
However, supply chain disruptions, rising used trucks and trailers, and a shortage of skilled drivers are anticipated to act as major restraints for market growth during the forecast period. For instance, used Class 8 retail volumes (same dealer sales) in June 2022 were 8% higher month-over-month and average age rose slightly from April, at +2%, with used trucks, on average, 7% older than when compared to used trucks sales in May 2022. This is likley to witness major growth for the market during the forecast period.
Cabin Filter Captures Market
Almost all vehicles in the country are equipped with air conditioners, and cabin Air filter is an integral part of it. The cabin air filters have an early replacement cycle as they are required to clean the air coming into the passenger cabin, which in turn is likely to enhance the demand for cabin air filters in the coming year.
The companies involved in the production of cabin air filters are spending heavily on providing the finest product-to-product dust as well as other harmful particles that get into the cabin to protect the driver and passengers from inhaling bad quality air. With the increase in air pollution, the air quality has deteriorated, and hence, the replacement of cabin air filters is scheduled for a shorter duration.
The COVID-19 pandemic changed consumer behavior toward vehicle safety, due to which increased the demand for anti-virus air filters in vehicles. This is likely to witness major growth for the market during the forecast period. Major vehicle manufacturers are introducing cabin air filters in their vehicles, which witnessed major growth during the forecast period. For instance,
- In 2021, Honda Motors introduced anti-virus protection cabin air filters in all types of cars. The air filter helps in capturing a wide range of harmful germs, impurities, and even viruses that cause significant health problems.
Growing demand for electric vehicles across the country is likely to enhance the demand for cabin air filters. The rising consumer trend toward vehicle comfort and safety is anticipated to boost the market during the forecast period.
