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The global oil filter market reached a value of US$ 3.2 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 4.4 Billion by 2027, exhibiting a CAGR of 5.8% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
Oil filter is a device designed for eliminating impurities and foreign particles from automobile oils. It removes dirt and sludge, which further helps in keeping the oil safe and unadulterated, protecting the engine from premature wearing, enabling it to function efficiently, reducing emissions and decreasing the overall consumption of fuel. Its utilization assists in preventing contaminants from damaging the engine as oil left unfiltered can become saturated. Besides this, it is easy to replace and leaves no residue and helps in cooling the oil and monitoring the pressure.
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The increasing sales of oil filters are predominantly dependent on the growing environmental concerns among individuals as well as governing agencies of several countries due to considerable emissions of greenhouse gases (GHGs). In line with this, the rising need for vehicle safety and enhancing the overall performance of the engine is strengthening the growth of the market. Apart from this, the burgeoning automotive industry, in confluence with the increasing production of commercial vehicles on account of the surging construction activities, is catalyzing the demand for oil filters around the world. Moreover, leading manufacturers are significantly funding research and development activities (R&D) to introduce clean fuel levels in oil filters. Besides this, vehicle owners worldwide are focusing on preventive maintenance to increase the productivity and longevity of vehicles. This, in turn, is impelling the growth of the market. Furthermore, the growing average age of vehicles in operation due to continual improvement in the quality of vehicles and associated functionalities is envisaged to offer lucrative growth opportunities to market players.
IMARC Group provides an analysis of the key trends in each sub-segment of the global oil filter market, along with forecasts at the global and regional level from 2022-2027. Our report has categorized the market based on end-use and fuel type.
Breakup by End-Use:
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Passenger cars currently hold the largest market share on account of rapid urbanization, inflating disposable incomes and consequently altering lifestyles.
Breakup by Fuel Type:
At present, gasoline accounts for the majority of the total market share.
Breakup by Region:
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The Asia Pacific dominates the market due to the implementation of stringent emission regulations in different parts of the region.
Competitive Landscape:
The competitive landscape of the market has been analyzed in the report, along with the detailed profiles of the major players operating in the industry. Some of these players are Ahlstrom-Munksjö Oyj, CLARCOR Inc., DENSO Corporation, MAHLE GmbH, and MANN+HUMMEL International GmbH & Co. KG.
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2021 |
| Historical Period | 2016-2021 |
| Forecast Period | 2022-2027 |
| Units | US$ Billion |
| Segment Coverage | End-Use, Fuel Type, Region |
| Region Covered | Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
| Companies Covered | Ahlstrom-Munksjö Oyj, CLARCOR Inc., DENSO Corporation, MAHLE GmbH and MANN+HUMMEL International GmbH & Co. KG |
| Customization Scope | 10% Free Customization |
| Report Price and Purchase Option | Single User License: US$ 2499 Five User License: US$ 3499 Corporate License: US$ 4499 |
| Post-Sale Analyst Support | 10-12 Weeks |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
The global oil filter market was valued at US$ 3.2 Billion in 2021.
We expect the global oil filter market to exhibit a CAGR of 5.8% during 2022-2027.
The expanding automotive industry, along with the rising need for vehicle safety and enhancing the
overall performance of the engine, is currently driving the global oil filter market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent
lockdown regulations across several nations resulting in temporary closure of numerous
manufacturing units for oil filters.
Based on the end-use, the global oil filter market has been segmented into passenger cars,
commercial vehicles, two-wheelers, and others. Among these, passenger cars currently represent
the largest market share.
Based on the fuel type, the global oil filter market can be bifurcated into gasoline and diesel.
Currently, gasoline accounts for the majority of the total market share.
On a regional level, the market has been classified into Asia Pacific, North America, Europe, Middle
East and Africa, and Latin America, where Asia Pacific currently dominates the global market.
Some of the major players in the global oil filter market include Ahlstrom-Munksjö Oyj, CLARCOR
Inc., DENSO Corporation, MAHLE GmbH, and MANN+HUMMEL International GmbH & Co. KG.
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