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Car Oil Filter Market

Growing Demand for Regulation-Bounded Vehicles Surging Need for Car Oil Filters, States Fact.MR

Published : 01 Dec 2021 Industry: Automotive

In the latest report on the car oil filter market by Fact.MR, a market research and competitive intelligence provider, the global market is estimated to expand at a CAGR of 4% during the assessment period (2021 to 2031).

Increase in the number of vehicles along with strict government regulation on adverse environmental effect is propelling demand for car oil filters all across the globe. Market participants are coming up with dual textured elements that are coarse on outside and fine from the inside to achieve high filtration rate and resists clogging.

Canister type is considered to have higher consumer inclination as it is considered as 'eco oil filter'. These filters are usually made up of paper filter media and plastic, and are primarily termed as the spin-on type as they are able to degrade and considered sustainable post utilization.

As automotive components require high maintenance and replacement, the aftermarket for car oil filters is attractive in terms of value generation. Market frontrunners have developed robust distribution networks in order to cater dynamic demand from the aftermarket sales of car oil filters across regions.

Key Takeaways from Market Study

  • The global car oil filter market is projected to expand at a CAGR of 4% during the forecast period and reach a market valuation of US$ 3 Bn by the end of 2031.
  • Under product type, anti-drain black seals is the fastest-growing segment at a CAGR of nearly 3.6%.
  • Premium passenger cars and luxury passenger cars are capturing more than 45% market share.
  • Europe is the leading regional market, reaching a market value of US$ 700 Mn by the end of 2031.

“Stringent automotive regulations is the primary reason shaping the global market for car oil filters,” says a Fact.MR analyst.

Winning Strategy

Majority of market players are involved in product development that would reduce replacement rate and increasing the product lifespan. Recently, manufacturers have been developing filters that release low emissions. This strategy is initiated by frontrunners to increase adoption of filter across vehicle types.

Growing collaborations and mergers among market competitors are creating an opportunity for brand building and helping manufacturers increase their consumer base.

More Valuable Insights on Offer

Fact.MR, in its new offering, presents an unbiased analysis of the global car oil filter market, presenting historical market data (2016-2020) and forecast statistics for the period of 2021-2031.

The study revels essential insights on the basis of product type (base gaskets, canisters, anti-drain black seals, and base plates), sales channel (OEM, OES, and IAM), vehicle type (compact passenger cars, mid-sized passenger cars, premium passenger cars, and luxury passenger cars), filter media (cellulose, synthetic, and others), and region (North America, Latin America, Europe, East Asia, South Asia & Oceania, and the Middle East & Africa).

Fact.MR’s Domain Knowledge in Automotive Division

Expert analysis, actionable insights, and strategic recommendations of the highly seasoned automotive team at Fact.MR helps clients from across the globe with their unique business intelligence needs.

With a repertoire of over thousand reports and 1 million-plus data points, the team has analysed the automotive industry across 50+ countries for over a decade. The team provides unmatched end-to-end research and consulting services. Reach out to explore how we can help.

For more information, refer to our market research report or contact the PR author.

Shubham Patidar

Fact.MR

Consultant – Automotive

E-mail: shubham@factmr.com

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Car Oil Filter Market

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Car Oil Filter Market Analysis, By Product Type (Base Gaskets, Canisters, Anti-Drain Black Seals, Base Plates), Sales Channel (OEM, OES, IAM), Vehicle Type (Compact, Mid-Sized, Premium, Luxury Passenger Cars), Filter Media (Cellulose, Synthetic, Others) - Regional Forecast 2021-2031