Global Oil Filter Market Size, Share, Forecast Report, 2020-2027

Oil filter is designed to cleanse oil from destructive contaminants such as transmission oil, lubricating or hydraulic oil, engine oil, and oil-dependent systems. In the automotive industry, an oil filter is considered as an integral part of all ICE engine driven on- and off-road motor vehicles. An oil filter in plays an important role to enhance engine performance and reduce vehicle emissions. The increasing vehicle running and pollution level due to rising dust particles in the atmosphere has made the replacement of an oil filter by every four to six months imminent. This replacement is desirable to avoid wear and tear of the oil pump’s machined components and damage of the bearing surfaces in the engine.

The key driving factors of this market are improving automotive infrastructure, particularly in developing regions, increasing production and sales of vehicles globally, stringent environmental norms, increasing concern over environment safety and vehicle emissions, and growing miles drive. Growing commercial vehicle demand globally, improving economy, growing population, and rising purchasing power of people from countries like China, India and Middle East countries are providing ample opportunities to the growth of this market. However, lack of skilled labor, increasing electric vehicle sales, and measures taken by major countries to phase out internal combustion vehicles in the near future could pose a threat to the market.

The global oil filter market is projected to witness a significant growth during the study period. Growing need for vehicle safety and to enhance engine performance is accelerating the growth of the oil filter market. Furthermore, the one of the key factors considered for the growth of this market is the growing competition between oil filter manufacturers, service providers and increasing support from the local governing bodies of different countries, which has fortified filter manufacturers to design the product as per the guidelines set by governing bodies operating in automotive sector across different regions.

Oil Filter Market Segmentation
The global oil filter market is segmented on the basis of filter type, filter media, vehicle type, sales channel, fuel type, and region. On the basis of filter type, the market has been segmented into fuel filter, engine oil filter, hydraulic filter, and others. On the basis of filter media, the market has been segmented into cellulose, synthetic, and other oil filter. On the basis of vehicle type, the market has been segmented into passenger car and commercial vehicle. On the basis of fuel type, the market is segmented into gasoline and diesel. On the basis of sales channel, the market has been segmented into OEM and aftermarket.

Geographically, the global Automotive oil filter market has been segmented into four major regions namely North America, Europe, Asia-Pacific, and the Rest of the World. The Asia-Pacific region is estimated to hold the largest market share during the forecast period owing to improving automotive infrastructure and increasing government efforts and incentives to curb vehicle emissions across the region. Moreover, growing disposable incomes in India and China is expected to boost the demand for oil filter in this region.

The prominent players in the global Oil Filter industry include MAHLE GmbH (Germany), A.L Filter (Israel), MANN+HUMMEL GmbH (Germany), North American Filter Corporation (U.S.), Robert Bosch GmbH (Germany), Fildex Filters Canada Corporation (Canada), Filtrak BrandT GmbH (Germany), Siam Filter Products Ltd., Part. (Thailand), ALCO Filters Ltd. (Cyprus), and Luman Automotive Systems Pvt. Ltd. (India).