Automotive Transmission Oil Filter Market

Automotive Transmission Oil Filter Market Vehicle Type Insights

Automotive Transmission Oil Filter Market (Global) Segmented by Vehicle Type: Passenger Cars, Commercial Vehicles, and Off-Highway Vehicles. It is forecast that the passenger cars segment will keep up its superiority over the other two throughout the forecast period. The growth of this segment relates to the increasing production and sales of passenger cars on a global scale. In 2023, the revenue generated from automotive transmission oil filters in the passenger car segment accounted for almost two-thirds of total market revenues for this product across all regions worldwide.

Commercial Vehicles are expected to witness a steady growth rate during the forecast period.

This growth in commercial vehicles owes to expanding demand from various industries like transportation, logistics, and construction sectors for such vehicles. In 2023, automotive transmission oil filters sold in commercial vehicles represented around one-fourth of total market revenues across the geographies where they were marketed. During the forecast period, moderate growth is anticipated in off-highway vehicles. For instance, agriculture, mining, and construction are some sectors that necessitate an increase in demand for off-highway vehicles.

The increase in vehicle production and sales, as well as growing awareness about following regular maintenance schedules with regard to replacing transmission oil filters, explain why the market is projected to grow further.

Source: Primary Research, Secondary Research, Market Research Future Database and Analyst Review

Automotive Transmission Oil Filter Market Transmission Type Insights

The world automotive transmission oil filter market has been segmented based on transmission type into automatic transmissions, manual transmissions, and automated manual transmissions. Of these, automatic transmissions dominated the market in 2017, accounting for over 60% of the global revenue share of the automotive transmission oil filter market. This is due to the increasing use of automatic transmissions in passenger cars as they are easy to operate and have more fuel efficiency compared to manual ones.

However, manual transmissions are expected to lose their market share due to their low fuel economy and increased demand for automatic ones during the forecast period.

Further, AMTs, which combine both traditional manual and automatics, are expected to gain momentum owing to better fuel efficiency and driving experience than conventional manuals.

Automotive Transmission Oil Filter Market Oil Filter Type Insights

The market for global transmission oil filters in the automotive sector is categorized according to filter types, namely traditional oil filters, synthetic oil filters, semi-synthetic oil filters, and reusable oil filters. Traditional oil filters are built of paper or cellulose and are the most common type. They are relatively inexpensive and efficient at removing impurities from oils. However, they have to be changed more often than other kinds of oil filters. Traditional Oil Filters are likely to generate USD 0.94 billion in revenue by 2024, growing at a CAGR of 4.8%

Synthetic Oil Filters, on the other hand, are composed of synthetic materials like fiberglass or polyester. They last longer than traditional oil filters but cost more; hence, they can filter out contaminates super efficiently within a short duration. The Synthetic Oil Filters expect revenues worth USD 0.76 billion by 2024 because it will grow at a rate of 5.2% p.a. Semi-Synthetic Oil Filters combine conventional and synthetic ones; thus, they incorporate elements made out of both paper and synthetics. Semi-Synthetic Oil Filters have better performance compared to conventional types; however, unlike synthetic products, they are cheaper.

Semi-synthetic oil Filters could sell USD63 billion by 2024, which had increased by 5%. Reusable Oil Filters, on the other hand, can be reused after cleaning since they are manufactured from metallic or plastic material. They also represent the highest-priced category of these devices, saving money in the long run. Reusable Oil Filters expect revenues worth USD26 billion by 2024 because it will grow at a rate of 4%. Breakthroughs happening within the economy today have been due to rising demand for fuel-efficient cars.

The role played by transmission oil filters is crucial in preserving wear and tear on the transmission system.

As fuel-efficient vehicles continue to be in greater demand, so does the demand for transmission oil filters.

Automotive Transmission Oil Filter Market Application Insights

The global market for automotive transmission oil filters is divided into original equipment (OE) and Aftermarket. It is expected that the OE segment will have the largest slice of the pie in 2023 due to growing new vehicle demand. The Aftermarket part is expected to expand quicker with a CAGR over the forecast period primarily because there are more vehicles on the road, and extended warranties are being embraced more often. In 2023, it is estimated that around 60% of Automotive Transmission Oil Filter Market revenue would come from the OE segment, while Aftermarket’s contribution would account for about 40%.

In 2032, Aftermarket would be contributing approximately half of the global economy because online retailers are gradually making their way into people’s hearts as well as Do-it-yourself (DIY).

Automotive Transmission Oil Filter Market Market Tier Insights

The Automotive Transmission Oil Filter Market is divided into different levels of segmentation based on supplier landscape and respective market shares. Tier 1 players, which include key market participants in the industry, hold a sizable percentage of the market share due to strong brand names, well-established distribution channels, and a broad range of products offered. Those categorized as Tier 2 have an average presence in the market, mostly focusing on specific segments or regions. Those considered as tier 3 are smaller regional suppliers having limited product lines and a small share of the total addressable market.

During the forecast period, it is expected that the Tier 1 segment will continue to dominate the Automotive Transmission Oil Filter Market due to leading players’ strong positions in their respective markets.