Metal Free Oil Filters Market Scope
Metal-free oil filters are manufactured from raw materials such as durable paper media, rustproof metal, long-lasting plastic, and rubber sealants along with strict quality control inspections before the manufacturing process. The United States metal free oil filters market is expected to grow at a moderate pace during the forecast period, according to the AMA study. The rising commercial vehicle production across the United States and increasing demand from the aftermarket are expected to be some of the major factors aiding the growth of the market. However, the market is expected to witness a decline in growth during FY 2020 but it is again expected to rise at a healthy pace after the COVID-19 pandemic is over.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | ACDelco (United States), Bengbu Phoenix International Co., Ltd. (China), Briggs & Stratton, LLC (United States), Calumet Branded Products, LLC (United States), Denso (Japan), Exxon Mobil Corporation (United States), Ford Motor Company (United States), FIRST BRANDS GROUP LLC (United States), GAUBB GROUP (China), K&N Engineering, Inc. (United States), MAHLE GmbH (Germany), Mann+Hummel (Germany), Robert Bosch GmbH (Germany), Sogefi SpA (Italy), Solberg Manufacturing, Inc. (United States), The Detroit Automobile Company (United States), The Freudenberg Group (Germany), Toyota Corporation (Japan) and UFI Filters (Italy) |
CAGR | 13.7% |
The vendors in this market are majorly focusing on developing innovative products and solutions in order to cater to the market's demands to remain competitive in the market. According to the recent global industry crisis in the Fy 2020 due to the outbreak of COVID-19 is expected to be one of the major challenges for the vendors of this market as the production and markets of different industries had been shut down for a long period of time which had been resumed in FY 2021 later. Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Metal Free Oil Filters market throughout the predicted period.
ACDelco (United States), Bengbu Phoenix International Co., Ltd. (China), Briggs & Stratton, LLC (United States), Calumet Branded Products, LLC (United States), Denso (Japan), Exxon Mobil Corporation (United States), Ford Motor Company (United States), FIRST BRANDS GROUP LLC (United States), GAUBB GROUP (China), K&N Engineering, Inc. (United States), MAHLE GmbH (Germany), Mann+Hummel (Germany), Robert Bosch GmbH (Germany), Sogefi SpA (Italy), Solberg Manufacturing, Inc. (United States), The Detroit Automobile Company (United States), The Freudenberg Group (Germany), Toyota Corporation (Japan) and UFI Filters (Italy) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Valeo Service (France) and Zhejiang Universe Filter Co., Ltd. (China).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Metal Free Oil Filters market by Type , by Application (Passenger Vehicles and Commercial Vehicles {LCV, MCV, HCV}) and Region with country level break-up.
On the basis of geography, the market of Metal Free Oil Filters 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).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In April 2024, Valmet has completed the acquisition of the Process Gas Chromatography & Integration business from Siemens AG. The closing of the transaction follows the agreement that was announced on July 17, 2023
In June 2020, FIRST BRANDS GROUP LLC announced that it has launched its new innovative FRAM Titanium and FRAM Force Oil Filters which are are the latest filter technologies in a long line of oil, air, and cabin air filtration products available for vehicle service professionals.
Stringent Government Regulations Regarding the Environmental Emissions from Automobiles is Impacting the Market Across the United States
Influencing Trend:
The Growing Demand for Lightweight Oil Filter Components Across the Automotive Industry
Market Growth Drivers:
The Rising Demand for Commercial Vehicle Production Across the United States and The Increasing Demand from Automotive Aftermarket
Challenges:
Increasing Demand for Electric Vehicles is Becoming One of the Major Challenges for Metal-Free Oil Filter Manufacturers Due to Rising Electrification Across the Automobile Sector in the United States
Restraints:
Fluctuations in Raw Materials Prices
Opportunities:
The Rising Sales of Commercial Vehicles Owing to High Demand from Transportation & Logistics Sector Across the United States is Expected to Generate Huge Opportunities for Market Vendors During the Forecast Period
Analyst View
Since the COVID-19 virus outbreak in December 2019, the disease has spread to more than 200 countries across the world along with the World Health Organization declaring it a public health emergency. The impact of the COVID-19 has already hit many industries and will affect the United States metal free oil filters market in FY 2020. The outbreak of COVID-19 has brought effects on many aspects, like scheduled public transportation cancellations; downfall in the real estate sector; travel bans and quarantines; closed operations across hotels & restaurants; banning of public gatherings & events; large slow-down in the supply chain of different markets; stock market unpredictability; declining business assurance, and uncertainty in the future market dynamics.
Key Target Audience
Manufacture, Supplier, Provider and Others