Oil Filter Market - Global Industry Analysis

Global Oil Filter Market: Overview

The oil filter is a crucial part of the automobile engine assembly as it helps to filter polluting materials from motor engine oil which accrue over time. Clean engine oil is vital because if the oil was left unfiltered for some time, it could become saturated with small firm particles that can wear surfaces in vehicles engine. The contaminated or dirty oil can wear the machine components, which could damage the bearing surfaces in the engine. For longer and efficient working of the engine, oil circulating in the engine needs to keep at optimal conditions so it can help the engine to perform with its full capacities. This is where oil filter plays a crucial role, with growing automobile industry demand of oil filters is on the rise.

Report Scope:

Global Oil Filter Market: Growth Factors

The global oil filter market is growing at a significant rate; factors that are contributing to the growth of the market include growing demand for oil filters from the developing automobile industry, continuing demand from existing vehicles, and advancement in the oil filter technology. The automobile industry is one of the most rapidly growing sectors around the world, especially in developing countries where growth in disposable income has spurred the sale of commercial as well as personal vehicles segment. With a growing number of vehicles in all segments, oil filter demand is expected to grow at a substantial rate over the forecast period. Furthermore, routine servicing of the existing number of vehicles around the world is augmenting the demand for the oil filter. On the other hand, low awareness among the vehicle owners regarding routine services and their importance in engine health may hamper the growth of the global oil filter market over the forecast period. However, new pollution norms and improved oil filter products launched by major players are expected to provide better growth opportunities to the market growth over the forecast period.

COVID 19 pandemic situation has severely affected the growth of the global oil filter market. Strict lockdown imposed by several governments led to the temporary shutdown of all the industries and the automobile sector is one of the most affected fields during this lockdown period. Due to the halt in the vehicle manufacturing and services sector demand for oil filters reduced at a significant rate. However, the market situation is expected to return to its track by the mid of the year 2021 growing at a healthy rate over the forecast period.

Global Oil Filter Market: Segmentation

The global oil filter market is bifurcated based on fuel type, filter type, vehicle type, sale channel, and region. Based on fuel type, the global oil filter market is segmented into gasoline and diesel. The diesel segment is expected to dominate the market over the forecast period owing to frequent maintenance requirements for diesel vehicles. Based on the filter type, the market is categorized into cellulose oil filter, synthetic oil filter, and others. The vehicle type segment is divided into passenger vehicle and commercial vehicles. The commercial vehicle segment is expected to grow with the highest rate over the forecast period. Further, the sale channel segment comprising OEM and aftermarket.

Global Oil Filter Market: Regional Analysis

Asia Pacific region is expected to dominate the oil filter market over the forecast period. Asia Pacific region comprises major countries such as India and China where the vehicle number is significantly high. Furthermore, developing countries in this region are heavily investing to expand their automobile industry. These factors are expected to contribute significant revenue to the global oil filter market over the forecast period. Further, North America and Europe are expected to contribute a significant share in the global oil filter market over the forecast period. As the oil filter market in North America is matured and well established, the demand for oil filters in this region is expected to remain steady during the forecast period.

Global Oil Filter Market: Competitive Analysis

The nature of the global oil filter market is highly competitive, major players in the market are expanding their business through organic strategies to capture the untouched market around the world. Major players operating in the global oil filter market are Siam Filter Products Ltd., Part., ALCO Filters Ltd., Filtrak BrandT GmbH, Donaldson Company, Inc., A. L. Filter, MAHLE GmbH, Luman Automotive Systems Pvt. Ltd., Fildex Filters Canada Corporation, Robert Bosch GmbH, and MANN+HUMMEL GmbH.

Global Oil Filter Market: Regional Segment Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

What Reports Provides

• Full in-depth analysis of the parent market
• Important changes in market dynamics
• Segmentation details of the market
• Former, on-going, and projected market analysis in terms of volume and value
• Assessment of niche industry developments
• Market share analysis
• Key strategies of major players
• Emerging segments and regional markets
• Testimonials to companies in order to fortify their foothold in the market.