India Passenger Car Cabin Air Filter Market 2023

Page 1

MARKET INTELLIGENCE . CONSULTING www.techsciresearch.com
FORECAST
FY2017–FY2027
INDIAPASSENGERCARCABINAIRFILTERMARKET
ANDOPPORTUNITIES

4.1. Factors Influencing Purchase Decision 4.2. Aided and Unaided Brand Recall 4.3. Brand Satisfaction Level

5.1. Market Size & Forecast

5.1.1. By Value & Volume 5.2. Market Share & Forecast

5.2.1. By Vehicle Type (Hatchback, Sedan, SUV/MPV)

5.2.2. By Location (Glove Box, Dashboard, Armrest)

5.2.3. By Filter Type (Particulate Cabin Air Filter, Charcoal Cabin Air Filter, Activated Carbon Cabin Air Filter, Electrostatic Cabin Air Filter)

5.2.4. By Demand Category (OEM and Replacement)

5.2.5. By Region (East, West, North, South)

5.2.6. By OEM Company (FY2021)

5.3. Market Map (By Vehicle Type, By Location, By Filter Type, By Demand Category, By Region)

22 © TechSci Research Automotive S.
Page No.
No. Contents
1. Product Overview 2. Research Methodology 3. Executive Summary 4. Voice of Customer
5. India Passenger Car Cabin Air Filter Market Outlook, FY2017-FY2027F
Table of Contents

S. No. Contents

6. India Hatchback Cabin Air Filter Market Outlook, FY2017-FY2027F

6.1. Market Size & Forecast

6.1.1. By Value & Volume

6.2. Market Share & Forecast

6.2.1. By Location

6.2.2. By Filter Type 6.2.3. By Demand Category

7. India SUV/MPV Cabin Air Filter Market Outlook, FY2017-FY2027F

7.1. Market Size & Forecast

7.1.1. By Value & Volume

7.2. Market Share & Forecast

7.2.1. By Location 7.2.2. By Filter Type 7.2.3. By Demand Category

8.

India Sedan Cabin Air Filter Market Outlook, FY2017-FY2027F

8.1. Market Size & Forecast

8.1.1. By Value & Volume

8.2. Market Share & Forecast

8.2.1. By Location 8.2.2. By Filter Type 8.2.3. By Demand Category

33 © TechSci Research Automotive
Page No.
Table of Contents
44 © TechSci Research Automotive S. No. Contents Page No. 9. Market Dynamics 9.1. Drivers 9.2. Challenges 10. Market Trends and Developments 11. Policy and Regulatory Landscape 12. India Economic Profile 13. Impact of COVID-19 on India Passenger Car Cabin Air Filter Market 14. Supply Chain Analysis 15. Company Profiles 15.1. Bosch Limited 15.2. Elofic Industries Limited 15.3. Denso India Pvt. Ltd. 15.4. Hanon Climate Systems India Private Limited 15.5. Valeo India Pvt Ltd 15.6. Lumax Auto Technologies Limited 15.7. Donaldson India Filter System Pvt. Ltd. 15.8. Toyota Boshoku Automotive India Private Limited 15.9. Freudenberg Filtration Technologies India Pvt. Ltd. 15.10. Mahle Anand Filter Systems Private Limited 15.11. Mann and Hummel Filter Private Limited 15. Strategic Recommendations 16. About Us & Disclaimer Table of Contents

PRODUCT OVERVIEW

66 © TechSci Research Automotive Review Period FY2017 – FY2020 Base Year FY2021 Estimated Year FY2022 Forecast Period FY2023 – FY2027 Year Range Cabin air filters are made to keep the air inside the car cabin clean and fresh by keeping the dust, pollen and other pollutants awayfrom the passenger compartment, as encountering these pollutants canresultsincausingasthma,allergiesandahostofmanyotherrespiratoryailments. MarketSegmentation VEHICLE TYPE • Hatchback • Sedan • SUV/MPV LOCATION • Glove Box • Dashboard • Armrest REGION • North • East • West • South DEMAND CATEGORY • OEM • Replacement FILTER TYPE • Particulate Cabin Air Filter • Charcoal Cabin Air Filter • Activated Carbon Cabin Air Filter • Electrostatic Cabin Air Filter Scope of Report Product of Interest (POI): Passenger Car Cabin Air Filter

RESEARCH METHODOLOGY

Market Profiling Data Validation Data Analysis

Formulating Questionnaire

In-depthsecondary researchwasconductedto determineoverallmarket size,segmentalmarketsize andtopplayersinIndia passengercarcabinair filtermarket.

Inordertoconduct industryexperts’ interviews,TechSci formulatedadetailed discussionguide.

Data Collection DevelopingList ofRespondents

Listofindustry playersandindustry specialistswas developed.

TechSciconducted interviewswith industryexpertsand industryplayersfor datacollectionand verification.

Dataobtainedasa resultofprimary andsecondary researchwas validatedthrough rigorous triangulation.

Thedatawasscrutinized usingMS-Excel,statistical toolsandinternal proprietarydatabaseto obtainqualitativeand quantitativeinsightsabout Indiapassengercarcabin airfiltermarket.

88 © TechSci Research Automotive ✓ IdentifyingKeyOpinion Leaders ✓ QuestionnaireDesign ✓ In-depthInterviews
Data Collection Data Filter & Analysis Research & Intelligence Actionable Insights Business Solution PrimaryResearch DeskResearch CompanyAnalysis ✓ RecentDevelopments ✓ MarketChanging Aspects/Dynamics ✓ GovernmentPolicies ✓ Conclusion ✓ MarketParticipants ✓ KeyStrengths ✓ LinkedIn ✓ TechSci Internal Database ✓ Factiva ✓ Hoovers Paid Sources ✓ Company Websites ✓ Company Annual Reports ✓ White Paper Study ✓ Financial Reports ✓ Investor Presentations ✓ Regulatory Body ✓ Associations, etc. Secondary Research Primary Research Research Methodology Source: XXXXX Note: These are dummy figures; please purchase our report for actual data

Research Methodology

Baseline Methodology

Our dedicated team of industry experts has monitored and analyzed various aspects of India passenger car cabin air filter market. The team has analyzed the outlook of various segments of this market, while considering the major influencing factors such as rising expenditure on health and wellness products along with growing awareness regarding hazardous effects of air pollution. The study includes market forecasting, which would enable our clients to take better decisions while planning their strategy to achieve sustainability in India passenger car cabin air filter market.

Methodology Followed for Calculation of Market Size:

• Market Size by Value & Volume: Market size, in terms of value & volume, for the year FY2021 was calculated based on information collected through exhaustive secondary research and primary surveys, with various key opinion leaders/stakeholders, such as passenger car cabin air filter companies, channel partners, end-user industry experts, and other industry participants.

• The team interviewed more than 15 passenger car cabin air filter market companies, 100 end users, and 12 industry experts and other value chain stakeholders in India passenger car cabin air filter market to obtain the overall market size for FY2017FY2021, which was validated by the Delphi technique. Taking standard deviation into consideration, the market size data was averaged out for the historical period.

• Respondents were asked about the current and future market growth rates, market shares by vehicle type, by location, by filter type, by demand category, by region and by company. Removing the outlier responses, the geometric mean of growth

Source: XXXXX

Note: These are dummy figures; please purchase our report for actual data

99 © TechSci Research Automotive

estimates and provider wise revenue shares generated across various segments were considered, to arrive at the final revenue shares. Revenue shares generated across various segments were further triangulated from other stakeholders.

Methodology Followed for Calculation of Market Shares:

• Market shares by vehicle type, by location, by filter type, by demand category, by region and by company were calculated based on the responses received through primary surveys with industry experts, in which the respondents were asked about the market shares or revenue generated from various segments of passenger car cabin air filter market. The final shares were calculated by taking the geometric mean of the responses gathered from key opinion leaders after eliminating the outliers.

Methodology Followed for Forecasting:

• TechSci Research performed periodical checks on data collected through the surveys with logic checks and analyzed the survey results in SPSS/Tableau Software.

• Data triangulation techniques were applied to fill the gaps and to present a more meaningful picture of the market. To forecast India passenger car cabin air filter market, TechSci Research used various forecast techniques such as: ✓ Moving Average

Source: XXXXX Note: These are dummy figures; please purchase our report for actual data

1010 © TechSci Research Automotive
Research Methodology
✓ Time Series Analysis ✓ Regression Analysis
Econometric and Judgmental Analysis
1111 © TechSci Research Automotive TechSci Research used its own forecast tool, which is based on the growth of various allied industries in respective regions of India. TechSci Research also used the impact analysis during short, medium and long-term period to estimate and analyze market demand scenario. It should be noted that the figures compiled are only for the organized market including market share data. The currency used in the report is the United States Dollar (USD), with the market size indicated in USD million. Partial List of Companies Interviewed Key Secondary Sources ▪ Bosch Limited ▪ Elofic Industries Limited ▪ Denso India Pvt. Ltd. ▪ Hanon Climate Systems India Private Limited ▪ Valeo India Pvt Ltd ▪ Lumax Auto Technologies Limited ▪ Donaldson India Filter System Pvt. Ltd. ▪ Toyota Boshoku Automotive India Private Limited ▪ Freudenberg Filtration Technologies India Pvt. Ltd. ▪ Mahle Anand Filter Systems Private Limited ▪ World Bank ▪ TechSci Research Proprietary Database & Knowledge Repository ▪ Company Annual Reports ▪ Industry Magazines ▪ Industry Reports ▪ News Dailies ▪ Credible Paid Databases © TechSci Research Research Methodology

India Passenger Car Cabin Air Filter Market is expected to show robust growth due to increasing pollution levels and increasing demand for cabin air filters in the country in the forecast period, FY2017-FY2027F.

According to TechSci report on, “India Passenger Car Cabin Air Filter Market, By Region, Competition Forecast & Opportunities, FY2017FY2027F”, India passenger car cabin air filter market has shown promising growth in historical years until FY2020 and is expected to continue its growth in upcoming forecast years FY2023F to FY2027F. India passenger car cabin air filter market owes its growth to the factors like rapidly increasing instances of pulmonary disorders and lung failures caused due to higher concentration of pollutants in the air. Demand for air filters is also increasing due to rapidly increasing pollution in the country. Pollutants and exhaust gases from the vehicles are major reasons behind the growth of the India passenger car cabin air filter market in the upcoming five years. The growing automotive industry, expanding automobile fleet, and strategic capacity expansions by flagship automobile OEMs are also majorly driving the growth of the India passenger car cabin air filter market in the next five years. Market players in India have expanded their businesses, and through consistent research, they are highly invested in innovative product development. Demand for technologically advanced products and higher prevalence of incorporating scientific and technical advanced products and services in the automobile also substantiates the growth of the India passenger car cabin air filter market.

Although the higher price of the passenger cars and increasing maintenance cost of such vehicles may put a mild restraint, rising disposable income among the population is anticipated to aid the growth of the India passenger car cabin air filter market in the forecast years. In India, the level of pollution is increasing with factories adding up into the ecosystem as well as increasing greenhouse vehicle exhaust emissions. According to the United States Environmental Protection Agency, the air quality index is a measurement methodology of the level of pollutants in the air. In addition, people are getting more aware of the replacement and servicing of automobile components. With the growth of the up gradation of services provided by car manufacturers, the education and awareness of car parts are being provided to the owners for better performance of their passenger cars. Hence, the replacement of cabin air filters is expected to grow more generously in the forecast years as compared to previous years.

The India passenger car cabin air filter market is segmented by vehicle type, location, filter type, demand category, regional distribution, and competitive landscape. Based on vehicle type, the market is further fragmented into hatchback, sedan, SUV/MPV. Hatchback is anticipated to hold the largest revenue shares of the market and dominate the market segment in the upcoming five years on the ground of increasing demand for hatchback passenger cars, and diesel cars like Thar, XUV700, Range Rover, Fortuner, Scorpio, etc. Hatchback cars are often release more pollutants and exhaustive gases than other vehicles, thus the demand for the air filters increases and replacement of such product also enhances, thus regularly increasing the sales of the product, and thus the growth of the India passenger cars cabin air filter market in the upcoming five years.

A partial list of market players in the field includes Bosch Limited, Elofic Industries Limited, Denso India Pvt. Ltd., Hanon Climate Systems India Private Limited, Valeo India Pvt Ltd, Lumax Auto Technologies Limited, Donaldson India Filter System Pvt. Ltd., Toyota Boshoku Automotive India Private Limited, Freudenberg Filtration Technologies India Pvt. Ltd., Mahle Anand Filter Systems Private Limited, Mann and Hummel Filter Private Limited

“Increasing demand in the diesel cars like Thar, XUV700, Range Rover, Fortuner, Scorpio, is anticipated to influence the growth of the automotive industry in the country. Usage of diesel vehicles gives out higher exhaustive gases and pollutants in the air. Thus, diesel vehicles relatively have shorter replacement period for filters than petrol vehicles. New market players entering the market may form alliances with the existent market dominators or merger with a global giant would benefit them for their future brand establishment,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

1212 © TechSci Research Automotive
Industry Brief
1313 © TechSci Research Automotive Sample Data - Snapshot FY2017 FY2018 FY2019 FY2020 FY2021 FY2022E FY2023F FY2024F FY2025F FY2026F FY2027F Value (USD Million) Volume (Million Units) CAGR FY2017-FY2021 By Value: XXX By Volume: XXX CAGR FY2022E-FY2027F By Value: XXX By Volume: XXX India Passenger Car Cabin Air Filter Market Size, By Value (USD Million), By Volume (Million Units), FY2017-FY2027F India SUV/MPV Cabin Air Filter Market Share, By Location, By Volume, FY2017-FY2027F FY2017 FY2018 FY2019 FY2020 FY2021 FY2022E FY2023F FY2024F FY2025F FY2026F FY2027F Glove Box 34.00% 34.00% 34.00% 34.00% 34.00% 34.00% 34.00% 34.00% 34.00% 34.00% 34.00% Dashboard 33.00% 33.00% 33.00% 33.00% 33.00% 33.00% 33.00% 33.00% 33.00% 33.00% 33.00% Armrest 33.00% 33.00% 33.00% 33.00% 33.00% 33.00% 33.00% 33.00% 33.00% 33.00% 33.00% India Sedan Cabin Air Filter Market Share, By Demand Category, By Volume, FY2017-FY2027F FY2017 FY2018 FY2019 FY2020 FY2021 FY2022E FY2023F FY2024F FY2025F FY2026F FY2027F Replacement 40.00% 40.00% 40.00% 40.00% 40.00% 40.00% 40.00% 40.00% 40.00% 40.00% 40.00% OEM 60.00% 60.00% 60.00% 60.00% 60.00% 60.00% 60.00% 60.00% 60.00% 60.00% 60.00%
1414 © TechSci Research Automotive Report Order Report Name: INDIA PASSENGER CAR CABIN AIR FILTER MARKET FORECAST AND OPPORTUNITIES FY2017 – FY2027 To View Sample OR Purchase Report License Type Price Single User License $3500 Multi-User License $4500 Custom Research License $7500

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TechSci Research is a global market research and consulting company with offices in the US, UK and India. TechSci Research provides market research reports in number of areas to organizations. The company uses innovative business models that focus on improving By Productivity, while ensuring creation of high-quality reports. The proprietary forecasting models use various analyses of both industry-specific and macroeconomic variables on a state-by-state basis to produce a unique ‘bottom-up’ model of a country, regional and global industry prospects. Combined with the detailed analysis of company activity and industry trends, the result is a uniquely rich evaluation of the opportunities available in the market.

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The contents of this report are based on information generally available to the public from sources believed to be reliable. No representation is made that it is timely, accurate or complete. TechSci Research has taken due care and caution in compilation of data as this has been obtained from various sources including which it considers reliable and first hand. However, TechSci Research does not guarantee the accuracy, adequacy or completeness of any information and it is not responsible for any errors or omissions or for the results obtained from the use of such information and especially states that it has no financial liability whatsoever to the subscribers / users of this report. The information herein, together with all estimates and forecasts, can change without notice. All the figures provided in this document are indicative of relative market size and are strictly for client’s internal consumption. Usage of the same for purpose other than internal will require prior approval of TechSci Research.

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