Improving Automotive Infrastructure to Have Positive Impact on Oil Filter Market

The global Automotive Oil Filter Market is poised to grow at a 5% CAGR over the forecast period (2018-2023), reveals the latest Market Research Future (MRFR) report. Oil filters are filters that have been designed for removing contaminants from transmission oil, engine oil, hydraulic oil or lubricating oil. It is used in different types of machinery. These filters play a vital role to ensure that the oil that is transferred through the car engine is of superior quality. Its key function is in sifting out foreign particles present in the oil for maintaining the oil quality that circulates in the lubrication system along with other vital components, namely the turbocharger. Decreasing fuel consumption, increasing engine performance, new challenges in car manufacture, and high-performance lubricating oils are placing additional needs on oil filters.

Various factors are pushing the growth of the oil filter market. These factors, in accordance to the Market Research Future (MRFR) report, include improving automotive infrastructure, growing production and sales of cars, stringent environmental norms, rising concern over vehicle emissions, and environment safety, growing demand for commercial vehicle, growing population, and various initiatives to reduce carbon emissions. Additional factors pushing the market growth include improving economy, the rising purchasing power of people in India, China, and the Middle East countries, improved engine performance, and growing need for vehicle safety.

On the contrary, measures undertaken by major countries for phasing out internal combustion cars, increasing sales of electric vehicles, and scarcity of skilled labor are factors that may restrict the oil filter market growth over the forecast period.

Market Segmentation

The Market Research Future report offers a wide segmental analysis of the oil filter market on the basis of fuel type, sales channel, vehicle type, filter media, and type.

Based on filter type, the oil filter market is segmented into the hydraulic filter, engine oil filter, fuel filter, and others. Of these, the fuel filter will have the largest share in the market over the forecast period.

Based on filter type, the oil filter market is segmented into synthetic, cellulose, and others. Of these, the cellulose segment will dominate the market over the forecast period.

Based on vehicle type, the oil filter market is segmented into commercial vehicles and passenger cars. Of these, the passenger cars will lead the market over the forecast period.

Based on the fuel type, the oil filter market is segmented into diesel and gasoline. Of these, the gasoline segment will have the maximum share in the market over the forecast period.

Based on the sales channel, the oil filter market is segmented into aftermath and OEM.

Regional Analysis

Based on the region, the oil filter market report covers growth opportunities and the latest trends across the Asia Pacific, Europe, North America, and Rest of the World. Of these, Asia Pacific will remain at the forefront in the market over the forecast period. This is owing to the incentives to curb car emissions in the region, increasing government efforts, and improving automotive infrastructure. Moreover, rising disposable incomes in China and India is predicted to drive the demand for oil filters in this region.

Key Players

Leading players profiled in the oil filter market report include Luman Automotive Systems Pvt. Ltd. (India), ALCO Filters Ltd. (Cyprus), Siam Filter Products Ltd., Part. (Thailand), Filtrak BrandT GmbH (Germany), Fildex Filters Canada Corporation (Canada), Robert Bosch GmbH (Germany), North American Filter Corporation (U.S.), MANN+HUMMEL GmbH (Germany), A.L Filter (Israel), and MAHLE GmbH (Germany).

May 2019- Scientists at South Ural State University have created an oil filter that has a signaling device. The specialty of this invention is that it will provide drivers timely alerts of the requirement to change the oil. This oil filter does not need changing the complete structure of the lubrication system to install the filter. It can be installed after the car has been used. Low cost and simple structure are the key benefits of this oil filter.

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