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India passenger car cabin air filter market stood at USD101.45 million in FY2021 and is expected to register growth with a CAGR of approximately 11.69%. http://bit.ly/3MEeQJ5
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FY2017 – FY2027 INDIA PASSENGER CAR CABIN AIR FILTER MARKET FORECAST AND OPPORTUNITIES www.techsciresearch.com MARKET INTELLIGENCE . CONSULTING
Table of Contents S. No. Contents Page No. 1. Product Overview 2. Research Methodology 3. Executive Summary 4. Voice of Customer 4.1. Factors Influencing Purchase Decision 4.2. Aided and Unaided Brand Recall 4.3. Brand Satisfaction Level 5. India Passenger Car Cabin Air Filter Market Outlook, FY2017-FY2027F 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) By Filter Type (Particulate Activated Carbon Cabin Air Filter, Electrostatic Cabin Air Filter) Cabin Air Filter, Charcoal Cabin Air Filter, 5.2.3. 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) Market Map (By Vehicle Type, By Location, By Filter Type, By Demand Category, By Region) 5.3. 2 2 © TechSci Research Automotive
Table of Contents S. No. Contents Page No. 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 3 3 © TechSci Research Automotive
Table of Contents 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 4 4 © TechSci Research Automotive
PRODUCT OVERVIEW 5 5 © TechSci Research Automotive
Scope of Report Product of Interest (POI): Passenger Car Cabin Air Filter Cabin air filters are made to keep the air inside the car cabin clean and fresh by keeping the dust, pollen and other pollutants away from the passenger compartment, as encountering these pollutants can results in causing asthma, allergies and a host of many other respiratory ailments. Market Segmentation VEHICLE TYPE REGION Year Range North Hatchback • • East Sedan • • West SUV/MPV • • Review Period South • FY2017 – FY2020 LOCATION Base Year FILTER TYPE Glove Box • FY2021 Particulate Cabin Air • Dashboard • Filter Estimated Year Armrest • Charcoal Cabin Air Filter • FY2022 DEMAND CATEGORY Activated Carbon Cabin • Forecast Period OEM • Air Filter Replacement • FY2023 – FY2027 Electrostatic Cabin Air • Filter 6 6 © TechSci Research Automotive
RESEARCH METHODOLOGY 7 7 © TechSci Research Automotive
Research Methodology Market Profiling Data Analysis Data Data Developing List of Respondents Formulating Questionnaire Collection Validation In-depth secondary research was conducted to determine overall market size, segmental market size and top players in India passenger car cabin air filter market. The data was scrutinized using MS-Excel, statistical tools and internal proprietary database to obtain qualitative and quantitative insights about India passenger car cabin air filter market. Data obtained as a result of primary and secondary research was validated through rigorous triangulation. TechSci conducted interviews with industry experts and industry players for data collection and verification. In order to conduct industry experts’ interviews, TechSci formulated a detailed discussion guide. List of industry players and industry specialists was developed. Primary Research Desk Research Company Analysis ✓ ✓ Recent Developments Market Changing Aspects/Dynamics Government Policies Conclusion ✓ ✓ Market Participants Key Strengths ✓ Identifying Key Opinion Leaders Questionnaire Design In-depth Interviews Actionable Insights Data Filter & Analysis Business Solution Research & Intelligence Data Collection ✓ ✓ ✓ ✓ Primary Research Secondary Research Paid Sources LinkedIn TechSci Internal Database Company Websites Company Annual Reports White Paper Study Financial Reports Investor Presentations Regulatory Body Associations, etc. Factiva Hoovers ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ Source: XXXXX Note: These are dummy figures; please purchase our report for actual data 8 8 © TechSci Research Automotive
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 FY2017- FY2021, 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 9 9 © TechSci Research Automotive
Research Methodology 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 ✓ Time Series Analysis ✓ Regression Analysis ✓ Source: XXXXX Note: These are dummy figures; please purchase our report for actual data Econometric and Judgmental Analysis ✓ 10 10 © TechSci Research Automotive
Research Methodology 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 World Bank ▪ ▪ Elofic Industries Limited TechSci Research Proprietary Database & Knowledge ▪ ▪ Denso India Pvt. Ltd. Repository ▪ Hanon Climate Systems India Private Limited Company Annual Reports ▪ ▪ Valeo India Pvt Ltd Industry Magazines ▪ ▪ Lumax Auto Technologies Limited Industry Reports ▪ ▪ Donaldson India Filter System Pvt. Ltd. News Dailies ▪ ▪ Toyota Boshoku Automotive India Private Credible Paid Databases ▪ ▪ Limited Freudenberg Filtration Technologies India Pvt. ▪ Ltd. Mahle Anand Filter Systems Private Limited ▪ 11 11 © TechSci Research © TechSci Research Automotive
Industry Brief 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, FY2017 - FY2027F”, 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. 12 12 © TechSci Research Automotive
Sample Data - Snapshot India Passenger Car Cabin Air Filter Market Size, By Value (USD Million), By Volume (Million Units), FY2017-FY2027F CAGR FY2017-FY2021 By Value: XXX By Volume: XXX CAGR FY2022E-FY2027F By Value: XXX By Volume: XXX FY2017 FY2018 FY2019 FY2020 FY2021 FY2022E FY2023F FY2024F FY2025F FY2026F FY2027F Value (USD Million) Volume (Million Units) India SUV/MPV Cabin Air Filter Market Share, By Location, By Volume, FY2017-FY2027F FY2017 34.00% 33.00% 33.00% FY2018 34.00% 33.00% 33.00% FY2019 34.00% 33.00% 33.00% FY2020 34.00% 33.00% 33.00% FY2021 34.00% 33.00% 33.00% FY2022E 34.00% 33.00% 33.00% FY2023F 34.00% 33.00% 33.00% FY2024F 34.00% 33.00% 33.00% FY2025F 34.00% 33.00% 33.00% FY2026F 34.00% 33.00% 33.00% FY2027F 34.00% 33.00% 33.00% Glove Box Dashboard Armrest India Sedan Cabin Air Filter Market Share, By Demand Category, By Volume, FY2017-FY2027F FY2017 40.00% 60.00% FY2018 40.00% 60.00% FY2019 40.00% 60.00% FY2020 40.00% 60.00% FY2021 40.00% 60.00% FY2022E 40.00% 60.00% FY2023F 40.00% 60.00% FY2024F 40.00% 60.00% FY2025F 40.00% 60.00% FY2026F 40.00% 60.00% FY2027F 40.00% 60.00% Replacement OEM 13 13 © TechSci Research Automotive
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