Global Oil Filter Market Overview
Oil Filter Market Size was valued at USD 3.3 billion in 2022. The Oil Filter Market industry is projected to grow from USD 3.3 billion in 2022 to USD 5.2 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 5.6% during the forecast period (2023- 2030). Increasing environmental concerns among people and government entities worldwide as a result of considerable greenhouse gas emissions are mostly to blame for higher oil filter sales (GHGs). As a result, the market is expected to rise as consumer demand for improved engine performance and increased vehicle safety grows. Also, the expanding commercial vehicle market brought on by increased construction activity is driving up oil filter demand worldwide together with the expanding automotive industry. Major manufacturers are also making significant R&D (Research and Development) investments in order to include clean fuel levels into oil filters. Also, to increase productivity and durability, auto owners everywhere are focusing on preventive maintenance.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Oil Filter Market Trends
- Surging Demand for Electric Vehicles to hinder growth of Market.
- Since oil filters are largely used in conventional, fossil fuel-powered automobiles, the expansion of the oil filter industry is projected to be hampered by the rising popularity of electric vehicles. Because of the growing popularity of electric vehicles, manufacturers will have less motivation to create and use these components, their excessive reliance on automobile filters to reduce carbon emissions would therefore be counterproductive for this industry. The development of this market will consequently suffer.
- As the engines of electric cars are fuel-free, they don't need to have their oil changed. The filter can only be used to clean the energy inside the vehicle as a result. Sales of automotive filter fuel may suffer in the next years due to the limited range of filter application in electric vehicles.
Oil Filter Market Segment Insights
Oil Filter Type Insights
The Oil Filter Market segmentation, based on type, the Oil Filter Market has been segmented into Fuel Filter, Engine Oil Filter, Hydraulic Filter Others. The engine oil filter segment is expected to dominate the market share of Oil Filter Market due to engine oil filters enable proper fluid flow to the engine and components, thus maintaining the quality of lubricating oil. They minimize ignition issues, which can lead to major drivability problems, and improve the pollution control system. The engine can run smoothly with proper fuel flow, which lowers emissions and fuel consumption. During the forecast period, these factors are projected to have a significant impact on the demand for automobile oil filters.
Figure 3: OIL FILTER MARKET SHARE BY FILTER TYPE 2022 (%)
Oil Filter By Filter Media Insights
The Oil Filter Market segmentation, based on filter media, the market has been segmented into Cellulose, Synthetic, Other. By filter media, the Cellulose filter media category dominates the global market for automotive transmission oil filters and holds a significant market share. The frequency of filter replacement depends significantly on the filter medium. Most of the filter media for gasoline and oil filtering is made utilizing wet-laid techniques and cellulosic fibers. As cellulose type of filter media is having low initial cost, efficient capture power, good dirt holding capacity, and its durability owing to which cellulose type filter media segment is having a prominent market share in the global Automotive Transmission Oil Filter Market.
Oil Filter Vehicle Type Insights
Based on Vehicle Type, the Oil Filter Market has been segmented into Gasoline and Diesel. The diesel segment is expected to dominate the market share of Oil Filter Market owing to diesel is becoming more popular as a fuel since it is widely used in medium and heavy commercial vehicles. As a result, it is anticipated that demand for car diesel fuel oil filters would increase. The condition of the engine is quite important, and oil lubrication makes the engine last longer. The automotive oil filter industry is expected to expand as people become more aware of engine economy. As part of routine maintenance and repairs, oil filter replacement is anticipated to grow the market for automotive oil filters.
Oil Filter Regional Insights
In terms of revenue, North America dominated the Oil Filter Market, Due to the expanding popularity of automobiles and rising investment in emerging nations like Mexico and the United States within this region, North America dominates the global market for automotive oil filters. Furthermore, it is projected that during the projection period, factors including the region's strong availability of large manufacturing enterprises, low manufacturing labour costs, and accessibility to large raw material supplies would drive market expansion. The need for automobile oil filters has also been greatly increased by the region's top aftermarket suppliers, including K & N Engineering and Donaldson. The market in North America will be primarily driven by the tightening emission rules. North American automakers are developing more advanced engine technologies and supplying clean oil to these complex engines is critical.
Asia Pacific is anticipated to witness significant growth in the upcoming years owing to the factors such as rapid urbanization, huge investments in the growth of infrastructure and connectivity, rapid industrialization, and growing demand for the passenger vehicles.
The major players in the automobile industry have access to the most lucrative growth prospects in nations like China and India. Furthermore, China and India are positioned to become the world's manufacturing hub because to the accessibility of cheap labor and raw resources as well as expanding government efforts to entice foreign investment.
Figure 3: OIL FILTER MARKET SHARE BY REGION 2022 (%)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
The Europe automotive industry is the well settled sector and highly competitive market with 40 companies offering their products in each of the automobile segment. The economic growth in Europe has slowed down recently, which has had a significant influence on the region's manufacturing sector. However, the automobile sector, which makes up the majority of the region's industrial sector, has demonstrated a significant growth over time. Vehicle manufacturing is rising gradually and is expected to continue to do so in the near future. The European Union's government has enacted strict emission standards and environmental laws. The regulated usage of oil filters and their replacement at regular intervals have expanded the market for oil filters in the area as a result of the rising CO2 emissions in the environment from automobiles. Due to consumer preferences for environmentally friendly transportation methods and the frequent replacement of oil filters, aftermarket companies have a significant opportunity to expand. Low-cost synthetic filters have been produced and are extremely popular in the area thanks to ongoing research and development to improve filter performance, creating a potential market for automakers to grow in.
Oil Filter Key Market Players & Competitive Insights
The Mann+Hummel Group, Ahlstrom Corporation, Rank Group Limited (UCI-FRAM), Cummins Inc., Sogefi SpA, Donaldson Company, Inc., MAHLE GmbH, Clarcor Inc., Denso Corporation, Hengst Se & Co. Kg, AC Delco Inc., GUD Holdings Limited, and others are significant market participants in the oil and fuel filters industry. Key manufacturers are concentrating on growing their regional market and are working to establish their direct presence in local markets through mergers and acquisitions with regional suppliers. They are also putting more of an emphasis on growing the dealer network in the vicinity of potential hotspots for demand. Product designers aspire to create models-specific items. According to end-user needs, automotive OEMs offer model-specific filters with various types of oil and gasoline filter media.
Partnerships, strategic mergers, and acquisitions are likely to be the most successful tactics for industry participants to acquire rapid access to developing markets while also enhancing technological skills. In addition, product differentiation and advancements, as well as service growth, are predicted to help firms survive in the market. For instance, Mahle GmBH has unveiled a limited selection of improved-productivity gasoline channels. Mahle announced the new channels and asserted a proficiency improvement of 4-6 percent. This action is a component of Mahle's improvement and creation dispatch processes, which are essential to the long-term expansion of the business. For instance, the Japanese auto parts producer Denso Corporation recently announced the acquisition of EASE Simulation Inc., a business that makes significant investments in the research and development of auto diagnostics.
Key Companies in the Oil Filter Market includes.
- The Mann+Hummel Group
- Ahlstrom Corporation
- Rank Group Limited (UCI-FRAM)
- Cummins Inc.
- Sogefi SpA
- Donaldson Company, Inc.
- MAHLE GmbH
- Clarcor Inc.
- Denso Corporation
- Hengst Se & Co. Kg
- AC Delco Inc.
- GUD Holdings Limited
- Others
Oil Filter Industry Developments
April 2024: MG Motor India has made an announcement on an exclusive ownership experience program for the MG Gloster. By ensuring that there is no expenditure on automobile maintenance and providing complete peace of mind by ensuring that there are no charges associated with maintenance and repair for the first three years of ownership, this program intends to go one step further in elevating the experience.
The coverage includes fees for wear-and-tear items, such as oil filters, wiper blades, engine oil, electrical wiring, hoses, motors, and brake pads. This ensures that owners will not incur any costs for maintenance over the course of the policy. It is important to note that this does not apply to expenses linked to battery replacement or tyre wear.
There are three distinct trim levels available for the Gloster: Super, Sharp, and Savvy. Additionally, the Gloster is available in both six and seven-seater configurations. A 12.3-inch touchscreen infotainment system, a 12-speaker audio system, more than 75 connected car features, Apple CarPlay and Android Auto, a navigation system sourced from MapmyIndia, an all-terrain system with seven modes, a dual panoramic sunroof, 12-way adjustable electric seats, a driver massage and ventilation function, wireless charging, and a great deal more are some of the features that are included in the SUV.
The Gloster is equipped with six airbags, electronic stability control, traction control, hill hold, and advanced driver assistance systems (ADAS) features such as forward collision warning, autonomous emergency braking, lane-departure warning, adaptive cruise control, hands-free parking, Door Open Warning, Rear Cross Traffic Alert, and Lane Change Assist. These safety features include hill hold.
The Gloster's power source is a 2.0-liter turbocharged diesel engine. This engine is offered in two different tunings: 160 horsepower and 375 Nm and 215 horsepower and 480 Nm. Both engines are mated to a standard eight-speed automatic transmission.
January 2023 The MANN+HUMMEL Group sets up new strategic business areas in Scandinavia and the Baltic States in partnership with the Finnish filtration firm M-Filter. With MANN+HUMMEL as a solid partner, M-Filter will be able to grow in the area and provide clients with a wider range of products.
Oil Filter Market Segmentation
Oil Filter Type Outlook
- Fuel Filter
- Engine Oil Filter
- Hydraulic Filter
- Others
Oil Filter Media Outlook
Oil Filter Vehicle Type Outlook
Oil Filter Regional Outlook
-
North America
-
Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
-
Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
-
Rest of the World
-
Middle East
-
Africa
-
Latin America
Report Attribute/Metric |
Details |
Market Size 2022 |
USD 3.2 billion |
Market Size 2023 |
USD 3.7 billion |
Market Size 2030 |
USD 5.2 billion |
Compound Annual Growth Rate (CAGR) |
5.6% (2023-2030) |
Base Year |
2022 |
Forecast Period |
2023-2030 |
Historical Data |
2018 , 2019 & 2020 |
Forecast Units |
Value (USD billion) |
Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
Segments Covered |
Filter type, Filter Media , Vehicle Type and Region |
Geographies Covered |
North America, Europe, Asia Pacific, and Rest of the World |
Countries Covered |
The U.S, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
Key Companies Profiled |
• The Mann+Hummel Group • Ahlstrom Corporation • Rank Group Limited (UCI-FRAM) • Cummins Inc. • Sogefi SpA • Donaldson Company, Inc. • MAHLE GmbH • Clarcor Inc. • Denso Corporation • Hengst Se & Co. Kg • AC Delco Inc. • GUD Holdings Limited • Others |
Key Market Opportunities |
Advancements in Filter Media/Technology to Accelerate the Market Growth |
Key Market Dynamics |
Increasing Vehicle Production to Foster Market Growth Prospects |
Oil Filter Market Highlights:
Frequently Asked Questions (FAQ) :
Oil Filter market is estimated USD 3.3 Billion.
U.S Market is estimated USD 2.64 billion.
5.6% is the growth rate of Oil Filter market.
North America region held the largest market share in the Oil Filter market.
The Mann+Hummel Group, Ahlstrom Corporation, Rank Group Limited (UCI-FRAM), Cummins Inc., Sogefi SpA, Donaldson Company, Inc., MAHLE GmbH, Clarcor Inc., Denso Corporation, Hengst Se & Co. Kg, AC Delco Inc., GUD Holdings Limited, and others are key players in the market.
Engine Oil Type led the Oil Filter market.
Disel vehicle type had the largest market share in the Oil Filter market.