Automotive Oil Filter Market Scope
The automotive oil filter is aimed to eliminate grime from engine oil. This helps to lubricate internal vehicle parts leading to elongation of engine lifespan, decreasing emission, and lower fuel consumption. Ignition of diesel results in the emission of harmful greenhouse gases as compared to the ignition of gasoline and substitute fuels. The rise in diesel incineration is likely to pose a hazard to the environment. Regulatory bodies of key nations are commanding stringent environmental standards to reduce rising carbon emissions of automobiles. Developing economies like China, India and Brazil are creating favorable markets for enterprises catering to manufacturing oil and fuel filters. Also, demand for passenger and commercial vehicles is on the upswing, owing to the rise in the per capita income within this region. In addition, an increase in vehicle miles driven through the globe upsurges, the rate of replacement of oil filters thereby propelling market growth. All these aspects are expected to offer vast opportunity and revenue generation for the automotive oil filter market in the long-standing.
According to AMA, the Global Automotive Oil Filter market is expected to see growth rate of 4.96%Automotive oil filter market is fragmented owing to the number of players present in the market. Technological development to improve the fuel efficiency of the vehicle and growing aftermarket services expected to drive the automotive oil filter market. Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Automotive Oil Filter market throughout the predicted period.
A. L. Filter (Israel), Fildex Filter Canada (Canada), K&N Engineering, Inc. (United States), ALCO Filter Ltd. (Cyprus), Mann+Hummel Group (Germany), Ahlstrom Corporation (Finland), Fram Group (United States), Cummins Inc. (United States), Sogefi SpA (Italy), Donaldson Co. Inc. (United States), Mahle GmbH (Germany), Robert Bosch GmbH (Germany), Denso Corp. (Japan) and Baldwin Filtering Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Gud Holdings (Australia), Hengst (Germany), Clarcor Inc. (United States), Siam Filter Products LTD. (Thailand) and BIG Filter (Russia).
Segmentation Overview
The study have segmented the market of Global Automotive Oil Filter market by Type (Fuel Filter, Engine Oil Filter, Hydraulic Filter and Others) and Region with country level break-up.
On the basis of geography, the market of Automotive 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).
Influencing Trend:
Increase in Global Vehicle Prac and Development of Technology Emphasizing on Improving the Fuel Efficiency of Vehicles
Market Growth Drivers:
Growing Vehicle Production Driving Automotive oil Filter Market and Presence of Stringent Emission Control Norms
Challenges:
Growing Demand for Electric Vehicle and Non-replaceable Filters and Lengthy Drain Interval
Restraints:
Incorporation of Non-replaceable Filters and Increasing Prizes of Combustible Fuel Limiting Vehicle Purchase
Opportunities:
Increasing Demand for Commercial Vehicle in Emerging Economies and Growing Aftermarket Services Supplementing Automotive Transmission Oil Filters Market
Market Leaders and their Expansionary Development Strategies
In April 2023, Ahlstrom launched a new renewable and sustainable filter solution for automotive applications. Ahlstrom ECO is a technology that supports the growing sustainability needs of the global transportation market and provides a new choice for filter manufacturers. A new renewable and sustainable filter media developed by Ahlstrom utilizes a lignin-based* impregnation to replace fossil-based resins. The resin solution contains a significant amount of bio-based renewable lignin and maintains the mechanical properties and durability of the filter media even in demanding environments.
Technological advancement are being driven for the market owing to rising focus on environmental impact due to use of combustible fuels. The regulatory bodies across the globe have determined the permitted carbon emission for each vehicle, which in turn is expected to promote higher sales of automobile oil filters.
Key Target Audience
Automotive Oil Filter Manufacturers, Suppliers and Distributors, Government Regulatory and Research Organizations, Investment Research Firms / Associations and Others
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.