South Korea Automotive Airfilters Market Size, Share, and COVID-19 Impact Analysis, By Type (Air Intake Filters, Cabin Air Filters), By Application (Passenger Cars, Commercial Vehicles), and South Korea Automotive Airfilters Market Insights Forecasts to 2033

Industry: Automotive & Transportation

RELEASE DATE Dec 2023
REPORT ID SI3316
PAGES 200
REPORT FORMAT PathSoft

South Korea Automotive Airfilters Market Insights Forecasts to 2033

  • The Market Size is Growing at a CAGR of 4.76% from 2023 to 2033.
  • The South Korea Automotive Airfilters Market Size is Expected to Hold Significant Share by 2033.

 

South Korea Automotive Airfilters Market

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The South Korea Automotive Airfilters Market Size is Expected to Hold Significant Share by 2033, at a CAGR of 4.76% during the forecast period 2023 to 2033.

 

Market Overview

The automotive air filters remove dirt, trash, and other particles that could harm the engine. Making ensuring only clean air enters a car's engine is the goal of an engine air filter. With increasing air pollution and dangerous emissions from automobiles throughout the country, the government is implementing strict measures to reduce pollutant levels in the environment. In addition to improving engine performance, air cleaners assist in lowering the emission of dangerous gases. The industry is seeing an increase in demand due to rising environmental awareness and end users making the most of their engines. The end-user is being forced to service their vehicles on time and replace their spare parts on a regular basis due to increased knowledge of environmental issues and vehicle performance. This is reducing pollutants in the environment and maximizes engine performance. Furthermore, growing consumer health concerns, combined with increased South Korean environmental pollution awareness, are likely to boost the overall South Korea market throughout the forecast period. Major players in the market integrate newer fiber materials and innovative technology to enhance the industry's value chain.

 

Report Coverage

This research report categorizes the market for South Korea Automotive Airfilters Market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the South Korea Automotive Airfilters Market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the South Korea Automotive Airfilters Market.

 

South Korea Automotive Airfilters Market Report Coverage

Report CoverageDetails
Base Year:2023
Forecast Period:2023 - 2033
Forecast Period 2023 - 2033 CAGR:4.76%
Historical Data for:2019 - 2022
No. of Pages:200
Tables, Charts & Figures:110
Segments covered:By Type, By Application, and COVID-19 Impact Analysis.
Companies Covered: Allena Group, Wsmridhi Manufacturing Co. Pvt. Ltd., Mann Hummel, K&N Engineering, JS Automobiles, AL Filters, Purolator Filters LLC, Advanced Flow Engineering Inc., AIRAID, S&B Filters Inc., and Others
Pitfalls & Challenges:COVID-19 Empact, Challenge, Future, Growth, & Analysis

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Driving Factors

The growing concern about health problems caused by car emissions of undesired, harmful gases is the primary driver of industry expansion. Improved engine and cabin air intake quality will increase passenger comfort and support the expansion of the vehicle air filter market. In addition, more people are traveling by car in several developed nations. The potential of plug-in and battery electric vehicles to emit no emissions and not require fuels like gasoline or diesel is likely to draw consumers' attention, which would likely limit market growth over the projected period.

 

Restraining Factors

Since EVs do not have engine air filters, the shift in mobility preference from ICEs to EVs to manage emissions levels may limit the sale of automobile air filters. The cabin air filter and the battery air filter are the only two filters found in EVs. Throughout the projection period, the market size for automobile air filters is expected to be negatively impacted by the increasing sales of EVs.

 

Market Segment

  • In 2023, the air intake filters segment accounted for the largest revenue share over the forecast period.

Based on the type, the South Korea automotive airfilters market is segmented into air intake filters, and cabin air filters. Among these, the air intake filters segment has the largest revenue share over the forecast period. The intake products form a key component of an automotive engine as it maintains better performance and efficiency, and extends engine life. The air filter is a mandatory component for all automotive internal combustion engines to maintain a constant inflow of clean air in the cylinder compartments.

 

  • In 2023, the commercial vehicles segment is expected to hold the largest share of the South Korea automotive airfilters market during the forecast period.          

Based on the application, the South Korea automotive airfilters market is classified into passenger cars, and commercial vehicles. Among these, the commercial vehicles segment is expected to hold the largest share of the South Korea automotive airfilters market during the forecast period. Commercial vehicles, such as medium and heavy-duty trucks, typically travel longer than passenger cars. They thus frequently need to be serviced. Because they traverse great distances in a short amount of time, even their cycle of part and component maintenance and replacement is more frequent.

 

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the South Korea automotive airfilters market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

 

List of Key Companies

  • Allena Group
  • Wsmridhi Manufacturing Co. Pvt. Ltd.
  • Mann Hummel
  • K&N Engineering
  • JS Automobiles
  • AL Filters
  • Purolator Filters LLC
  • Advanced Flow Engineering Inc.
  • AIRAID
  • S&B Filters Inc.

 

Key Target Audience

  • Market Players
  • Investors
  • End-users
  • Government Authorities 
  • Consulting and Research Firm
  • Venture capitalists
  • Value-Added Resellers (VARs)

 

Market Segment

This study forecasts revenue at regional, and country levels from 2022 to 2033. Spherical Insights has segmented the South Korea Automotive Airfilters Market based on the below-mentioned segments:

 

South Korea Automotive Airfilters Market, By Type

  • Air Intake Filters
  • Cabin Air Filters

 

South Korea Automotive Airfilters Market, By Application

  • Passenger Cars
  • Commercial Vehicles

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