Analysis of Car Oil Filter market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
The global car oil filter market is projected to expand at a CAGR of around 4% over the decade (2021 to 2031), and reach a valuation of around US$ 2 Bn by the end of 2031. Car oil filter sales account for approximately 25% share in the global automotive oil filter market. Continuously growing automotive industry is one of the primary reasons driving overall car oil filter demand across regions.
|Car Oil Filter Market Size (2021)||US$ 2 Bn|
|Market Forecasted Value (2031)||US$ 3 Bn|
|Global Market Growth Rate (2021-2031)||4% CAGR|
|Market Share of Top 5 Car Oil Filter Manufacturers||10%|
Strict government regulations have compelled vehicle manufacturers to design efficient engines, and technological advancements in vehicle oil filters have aided growth of the global market. Europe has the highest potential and captures 25% share of the global market due to strict emission regulations in the region.
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According to the latest report by Fact.MR, the global car oil filter industry is estimated to create an absolute dollar opportunity of more than US$ 1 Bn by 2031. China, India, and Japan are responsible for most car oil filter consumption.
Car oil filters help in improving oil quality by separating contaminants from the oil, thereby keeping the oil unadulterated and safe. Rising demand for vehicles across regions is a key factor boosting market growth. Stringent regulations by governments curbing carbon emissions are driving penetration of high quality car oil filters in the market.
A prominent feature predicted to provide prospective chances for car oil filter manufacturers is increasing average age of vehicles in operation, owing to continuous improvements in vehicle quality and filter change kilometre.
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Introduction of electric vehicles can be a restraint to the global market for automotive oil filters. This is because vehicle oil filters will be limited to conventional vehicles. As consumers will inclined towards more sustainable options, the market will experience significant decline in sales over the coming years.
Concerns about engine damage caused by impurities in oil continue to be a major driver of investment in the automotive oil filter market. To maintain and increase engine efficiency, oil filters composed of various types of filter media, such as cellulose filter, synthetic filter, and others, are used, which is aiding in higher adoption of car oil filters.
Manufacturers of car oil filters are continuing to focus on the development of durable and low-price oil filters to fulfil the ever-changing needs for longer oil change period.
Companies in the market are focusing on putting more efforts on manufacturing high-quality oil filters using premium components. Furthermore, major competitors in the car oil filter industry are replacing metallic oil filter parts with plastic oil filters in order to keep up with the widespread trend of 'low weighting'.
Germany accounts for around 30% share of the European market for car oil filters. Germany was the largest vehicle manufacturing country in Europe in 2020. The country produced approximately 3.4 Mn passenger cars and around 147,000 commercial vehicles.
The market in Germany for automotive transmission oil filters is poised to expand at a CAGR of 3.6% over the forecast period.
China, Japan, and India are the leading countries in term of car oil filter revenue generation. The Asia pacific car oil market is poised to expand at a CAGR of 3.5% over the forecast period. High demand is due to rapid expansion and enlargement of the automotive sector in these countries.
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The premium passenger cars segment and luxury passenger cars segment reflect the same compounded annual growth rate of 3.1%; however, market share by revenue of the luxury passenger cars segment is almost 4X than that of the premium cars segment.
The luxury passenger cars segment by far has the highest market share compared to all other segments. The compact passenger cars segment is next in line from a growth rate point of view, with a medium market share on a global basis. Yet, it will register a loss in BPS by 2031-end. The luxury passenger cars segment is poised to enjoy a higher BPS than any other passenger cars segment over the coming years.
Synthetic car oil filters are set to experience a higher growth rate and gain BPS by 2031-end. This segment is expected to witness a CAGR of 3.4%, but has a low market share by revenue as compared to cellulose and other segments.
The cellulose segment holds the highest market share by revenue, and the trend will continue through 2031. Europe synthetic car oil filters and is the largest market share contributor. However, synthetic filter demand in Asia Pacific is also growing and will reach a significant market revenue share by 2031.
Synthetic car oil filter demand is growing on account of vital advantages offered by the material with respect to life, efficiency, and suitability to any type of oil.
The anti-drain black seal segment by product type is expected to expand at the highest pace to reflect a promising CAGR of close to 4%, leaving the canister segment at the second position. Market share by revenue of anti-drain black seal is lower than the canister segment, but it can be inferred that the anti-drain black seal segment can attain a much better position in terms of market share by the end of 2031.
According to the market research analysis, top manufacturers in the car oil filter market, to increase their penetration in profitable areas, are resorting to new product launches, product changes, constructive collaborations, and partnerships with small manufacturers and start-ups. Players are imbedding a combination of growth strategies to increase their car oil filter sales and geographical reach.
Similarly, recent developments related to companies offering car oil filters have been tracked by the team at Fact.MR, which are available in the full report.
|Historical Data Available for||2016-2020|
|Market Analysis||‘’000 Units for Volume and US$ Mn for Value|
|Key Regions Covered||
|Key Countries Covered||
|Key Market Segments Covered||
|Key Players Profiled||
|Pricing||Available upon Request|
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Global market value from sales of car oil filters is estimated to be around US$ 2 Bn in 2021.
Sales of car oil filters are projected to increase at a CAGR of over 4% during 2021 – 2031.
Car oil filter industry analysis showcases an absolute dollar opportunity of more than US$ 1 Bn over the decade.
Increasing passenger vehicle fleet and growing automation are escalating car oil filter sales.
Top 5 manufacturers of car oil filters account for around 10% share in the market, dominated by those in the United States
The U.S., U.K., Germany, France, and Spain are responsible for most of the demand for car oil filters.
Europe accounted for over 25% of global car oil filter sales in 2020, and this regional market is expected to rise at a CAGR of close to 3.5% during 2021 – 2031.
Car oil filter sales in Germany are slated to increase at 3.6% CAGR, accounting for more than 30% share in European market.
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