Global Oil Filter Market Size, Share And Global Trend By Fuel Type (Gasoline & Diesel), By Filter Type (Fuel Filter, Engine Oil Filter, Hydraulic Filter & Others), By End Use (Oems & Aftermarket); By Region (U.S., Canada, Mexico, Rest Of North America, The UK, France, Germany, Italy, Spain, Nordic Countries (Denmark, Finland, Iceland, Sweden, Norway), Benelux Union (Belgium, The Netherlands, Luxembourg), Rest Of Europe, China, Japan, India, New Zealand, Australia, South Korea, Southeast Asia (Indonesia, Thailand, Malaysia, Singapore, Rest Of Southeast Asia), Saudi Arabia, UAE, Egypt, Kuwait, South Africa, Rest Of Middle East & Africa, Brazil, Argentina, Rest Of Latin America) – Global Insights, Growth, Size, Comparative Analysis, Trends And Forecast, 2021-2030Industry: Automotive & Transportation
The Global Oil Filter Market size was USD 3.2 Billion in 2021 and is projected to reach USD 4.9 Billion by 2030, exhibiting a CAGR of 5.6% during the forecast period. Oil filter is a car component that maintains the vehicle's oil quality. The purpose of an oil filter is to isolate impurities from the oil and filter them out, leaving the oil pure and safe. This improves oil quality and longevity while also ensuring smooth vehicle running. As a result, safe pure oil ensures the engine's health. Because the pistons work on the oil level inside the engine, impurities can enter the pistons and cause damage to the engine. As a result, the need for oil filters is growing to ensure the engine's and vehicle's safety, resulting in the rise of the oil filter market in the near future.
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When compared to gasoline and alternative fuels, diesel combustion produces more harmful carbon and greenhouse gases. Increased diesel combustion will very certainly endanger the environment. In some areas, deteriorating environmental conditions have created major environmental concerns. Vehicle emissions result in the generation of greenhouse gases like carbon dioxide and methane, which contaminate the air and cause a variety of respiratory problems. To reduce rising carbon emissions from autos, regulatory organizations are setting strict environmental standards. All of these things are anticipated to improve the oil filter market's prospects. Lubrication and proper fluid delivery are critical for the engine's efficiency and proper operation. Filtration is an important part of the fluid supply process before it reaches the components, and hydraulic and other filters play an important role. As a result, the hydraulic oil filter market for automobiles is expected to grow. During the projected period, however, the adoption of electric vehicles is likely to limit the oil filter market.
Increased sales of oil filters are mostly due to increased environmental concerns among individuals and government organizations in numerous nations as a result of significant greenhouse gas emissions (GHGs). As a result, the market's growth is being bolstered by the growing need for vehicle safety and improving the overall performance of the engine. Apart from that, the growing automotive industry, in tandem with the rising production of commercial vehicles as a result of increased construction activity, is stimulating global demand for oil filters. Furthermore, major manufacturers are investing heavily in research and development (R&D) to introduce clean fuel levels into oil filters. Aside from that, car owners all around the world are concentrating on preventive maintenance to improve productivity and longevity.
Global Oil Filter Market Report Coverage
|Market Size in 2021:||USD 3.2 Billion|
|Forecast Period:||2021 - 2030|
|Forecast Period 2021 - 2030 CAGR:||5.6%|
|2030 Value Projection:||USD 4.9 Billion|
|Historical Data for:||2017 - 2020|
|No. of Pages:||220|
|Tables, Charts & Figures:||122|
|Segments covered:||By Fuel Type, By Filter Type, By End Use, By Region|
|Companies Covered:||MAHLE Aftermarket GmbH, Robert Bosch GmbH, DENSO CORPORATION, Donaldson Company Inc, MANN+HUMMEL, Hollingsworth & Vose, K&N Engineering Inc, Ahlstrom-Munksjö, ALCO Filters Ltd, Cummins, Freudenberg Filtration Technologies GmbH & Co. KG, UFI Filters, Champion Laboratories Inc, Sogefi SpA.|
|Growth Drivers:||1) The diesel segment is expected to dominate the market share 2) The engine oil filter segment is expected to dominate the market share|
|Pitfalls & Challenges:||COVID-19 Empact, Challenge, Future, Growth, & Analysis|
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Fuel Type Outlook
The diesel segment is expected to dominate the market share in 2020 of global oil filter market owing to diesel is becoming more popular as a fuel since it is widely used in medium and heavy commercial vehicles. As a result, demand for car diesel fuel oil filters is expected to rise. The engine's health is a crucial concern, and oil lubrication extends the engine's life. The oil filter market for automobiles is predicted to grow as people become more cognizant of engine efficiency. Oil filter replacement is projected to enhance the vehicle oil filter market as part of routine maintenance and repairs.
Filter Type Outlook
The engine oil filter segment is expected to dominate the market share in 2020 of global oil filter market due to engine oil filters enable proper fluid flow to the engine and components, thus maintaining the quality of lubricating oil. They help enhance the emission control system and minimalize ignition problems, which can give rise to serious drivability issues. Proper fuel flow enables the engine to function perfectly, thereby reducing fuel consumption as well as emissions. These factors are likely to drive the demand for automotive oil filters considerably during the forecast period.
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Asia Pacific is expected to dominate the market share in 2020 of global oil filter market. The regional market has benefited by an increasing need for efficiency and productivity, as well as a push to enhance industrial activity. In Asia Pacific nations such as China, Japan, and Korea, IC engine vehicle production is significant, and the fuel filter and engine oil filter sectors of the market in these countries are expected to develop at a modest rate over the projected period. Increased passenger vehicle production in emerging countries such as India and Indonesia is expected to drive the automotive oil filters market, owing to factors such as lower production costs, improved economic conditions, higher GDP per capita income, the introduction of affordable car models aimed at low-income groups, the introduction of app-based cab services such as OLA and Uber, and lower car interest rates.
Key Companies & Recent Developments
Partnerships, strategic mergers, and acquisitions are expected to be the most successful strategies for industry participants to get speedy access to growing markets while also improving technological capabilities. In addition, product differentiation and developments, as well as service expansion, are projected to help organizations thrive in the market. For instance, Mahle GmBH has released its most recent and select range of gasoline channels with improved productivity. Mahle unveiled the new channels and claimed a 4-6 percent increase in proficiency. This move is part of Mahle's creation dispatch and improvement procedures, which are critical to the company's long-term growth. For instance, Denso Corporation, a Japanese auto parts manufacturer, announced the acquisition of EASE Simulation Inc., a company that invests heavily in auto diagnostics research and development.
Market Segmentation of Global Oil Filter Market
By Fuel Type
By Filter Type
- Fuel Filter
- Engine Oil Filter
- Hydraulic Filter
By End use
- MAHLE Aftermarket GmbH
- Robert Bosch GmbH
- DENSO CORPORATION
- Donaldson Company Inc.
- Hollingsworth & Vose
- K&N Engineering Inc.
- ALCO Filters Ltd.
- Freudenberg Filtration Technologies GmbH & Co. KG
- UFI Filters
- Champion Laboratories Inc.
- Sogefi SpA
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