About Oil Filter
An oil filter is a device that removes contaminants from engine oil, transmission oil, lubricating oil, or hydraulic oil. Their main function is in internal combustion engines for motor vehicles, powered aircraft, railway locomotives, ships and boats, and static engines such as generators and pumps. Other vehicle hydraulic systems, such as those in automatic transmissions and power steering, are often equipped with an oil filter. Gas turbine engines, such as those on jet aircraft, also require the use of oil filters. The oil filter market is expected to experience stable growth in the coming years, driven by various factors like rising vehicle demand, increased maintenance awareness, and technological advancements. The oil filter market is a growing market with several opportunities for manufacturers to focus on innovation, expansion, and sustainability.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 6.3% |
The global oil filter market is highly competitive and consists of a limited number of providers who compete with each other. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for market growth. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Oil Filter market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Mann+Hummel (Germany), MAHLE GmbH (Germany), Denso Corporation (Japan), Robert Bosch GmbH (Germany), Champion Laboratories, Inc. (United States), First Brands Group LLC. (United States), ACDelco (United States), Ford Motor (United States), FCA US LLC. (United States) and Parker Hannifin Corp. (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are WIX Filters (United States), Sogefi SpA (France), Ahlstrom (Finland), Cummins Inc. (United States) and GUD Holdings Limited (Australia).
Segmentation Overview
AMA Research has segmented the market of Global Oil Filter market by Type (Cartridge Oil Filter, Magnetic Oil Filter, Centrifugal Oil Filter, Full-Flow Oil Filter and Others), Application (Passenger Car and Commercial Vehicle) and Region.
On the basis of geography, the market of Oil Filter has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Sales Channel, the sub-segment i.e. OEMs will boost the Oil Filter market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Filter Media, the sub-segment i.e. Synthetic will boost the Oil Filter market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Fuel Type, the sub-segment i.e. Gasoline will boost the Oil Filter market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Development of Technology Emphasizing Improving the Fuel Efficiency of Vehicles
Market Growth Drivers:
Growing Car Filters Demand To Reduce Airborne Contaminants in Vehicles and Increasing Stringency in Emission Norms
Challenges:
Growing Demand for Electric Vehicles and Lengthy Drain Interval
Restraints:
Incorporation of Non-Replaceable Filters
Opportunities:
Increasing Demand for Commercial Vehicles in Emerging Economies and Growing Aftermarket Services Supplementing Automotive Transmission Oil Filters Market
Market Leaders and their expansionary development strategies
In January 2023, MANN & HUMMEL Group announced a strategic partnership with M-Filter Group, the company has specialized in different areas of filtration, including air ventilation filters, HEPA filters, and oil/hydraulic filters for engines. While the brand Filterpak will complement MANN+HUMMEL’s existing portfolios in commercial and residential HVAC, M-Filter will stand for a strong input in the OEM products for industrial and engine filtration.
In April 2023, FRAM announced the launch of the FRAM Synthetic Endurance oil filter. This premium, high-flow synthetic oil filter that provides maximum protection and performance for up to 25,000 miles when paired with the appropriate synthetic motor oil.
Key Target Audience
Oil Filter Manufacturer, Suppliers & Distributors, New Entrance, Potential Investors, Research Center and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.