Global Oil Filter Market 2016-2020

Overview of the global oil filter market

Technavio’s market research analyst predicts the global oil filter market to grow at a CAGR of more than 4% by 2020. Oil filters remove impurities and other waste components from circulating and transmission oil, lubricating oil, engine oil, and hydraulic oil in automobiles. Due to the introduction of stringent government regulations and the implementation of new initiatives for emission reduction, several manufacturers have been compelled to develop sophisticated engine designs and clean fuel levels in oil filters. Since the growth prospects for this market are heavily dependent on the sales of commercial and passenger vehicles, the rapid growth of the commercial and passenger vehicle industries will augment the need for oil filters over the next four years.

Another factor impelling the prospects for growth in this market is the recent rise in demand for agricultural tractors. Agricultural tractors have a lifespan of 10-15 years. As a result, the timely replacement of these tractors will become necessary for their smooth operation. Proper maintenance of such equipment will also help to bring about cost reduction, improvement in productivity, and boost revenue generation. This will fuel the demand for replacement in regions like North America and Western Europe, where farmers seek to increase efficiency by replacing older machinery with technologically sophisticated equipment. This preference for equipment replacement will, in turn, bolster the demand for oil filter during the next four years.   

Segmentation by end user and analysis of the oil filter market

• Passenger cars
• Commercial vehicle
• Two wheelers

The passenger cars segment will be the largest end user in the global oil filter market and is expected to occupy around 53% of the total market share by 2020. The demand for passenger cars will increase due to factors like improving economic situation, evolving lifestyle, rising income levels, and high consumer confidence.

Geographical segmentation and analysis of the oil filter market

• APAC
• North America
• Western Europe

APAC is the fastest-growing region in the oil filter market and will grow at a CAGR of more than 5% during the forecast period. Much of this region’s growth can be attributed to the increased demand for passenger cars and commercial vehicles. Factors such as growing investments in agricultural equipment also will fuel the demand for oil filters in the region during the predicted period.

Competitive landscape and key vendors

This market is highly fragmented with the presence of several global and local players. The key players dominate the market because of factors like their good business relations with OEMs, ability to produce high-quality products, ownership of mass production facilities, and the presence of established distribution networks. Competition in this market is primarily based on quality, availability, customer relationships, pricing, and R&D.

Key vendors in the market are -

• Ahlstrom
• Clarcor
• DENSO
• MAHLE
• MANN+HUMMEL

Other prominent vendors in the oil filter market include Cummins Filtration, Donaldson Engine - Products Segment, GUD Holdings - Automotive Products, Hengst Automotive, K&N Engineering, Neenah Technical Products, Parker-Hanninfin Industrial, Roki, ITW Automotive OEM, Robert Bosch, Lydall Industrial Filtration, Tokyo Roki, and Toyota Boshoku Filtration & Powertrain Components.

Key questions answered in the report include

• What will the market size and the growth rate be in 2020?
• What are the key factors driving the global oil filter market?
• What are the key market trends impacting the growth of the global oil filter market?
• What are the challenges to market growth?
• Who are the key vendors in the global oil filter market?
• What are the market opportunities and threats faced by the vendors in the global oil filter market?
• Trending factors influencing the market shares of APAC, North America, and Western Europe.
• What are the key outcomes of the five forces analysis of the global oil filter market?

Technavio also offers customization on reports based on specific client requirement.

Related reports:

• Global Automotive Oil Filter Market 2015-2019
• Oil Filter Market for Automobile in APAC 2015-2019

An oil filter is used to remove impurities from engine oil, transmission oil, lubricating oil, or hydraulic oil. A primary use of the oil filter is in internal-combustion engines in motor vehicles, light aircraft, and naval vessels. Moreover, industries such as oil production, transport, and recycling facilities also employ these filters in their manufacturing process.

The report, global oil filter market, is part of Technavio’s heavy industry research portfolio. This portfolio provides a comprehensive market analysis along with the market share, market sizing, and market segmentations covering areas such as construction, engineering tools, test and measurement, tools and components, and unit operations. These market research reports provide a perspective on the various market opportunities and market threats along with the key trends that would influence the market growth during the forecast period. It presents insights into the changing competitive landscape and a detailed profiling and market analysis of the vendors. Also covered in the research are the key regions or countries that would have an impact on the market during the assessment years.