Oil Filter Market Size To Expand at a Notable CAGR Of 5.6% During 2022- 2030

Market Research Future (MRFR) has published on the “Oil Filter  Market”

Global Oil Filter  Market

A filter designed to remove contaminants from engine oil, transmission oil, lubricating oil, or hydraulic oil is known as an oil filter. Their primary application is in internal-combustion engines for on- and off-road vehicles, powered aircraft, railway locomotives, ships and boats, and static engines such as generators and pumps. Other hydraulic systems in vehicles, such as those in automatic transmissions and power steering, are frequently outfitted with an oil filter. Oil filters are also required for gas turbine engines, such as those found in jet aircraft. Oil filters are found in a wide range of hydraulic machinery. Filters are used in the oil industry for oil production, pumping, and recycling. Most modern engine oil filters are "full-flow" (inline) or "bypass."

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Market Synopsis

Global 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.

Competitive Landscape

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.

Segmentation

By Filter Type

1. Fuel Filter: The Fuel Filter removes dangerous particles from the fuel line. Tiny paint chips, dirt, and rust from underground fuel containers enter your gas tank every time you fill up. Because of their abrasive nature, if these substances are not removed before the fuel enters your engine, they will cause rapid wear and failure of the fuel pump and injectors.


2. Engine Oil Filter: An oil filter is a mechanical device that removes contaminant, dirt, and unburned fuel from circulating. The component allows just the circulation of fresh oil into the engine, and it keeps the dirt. This is why the oil filter needs to be treated or change within some period of time.


3. Hydraulic Filter: A hydraulic filter is a hydraulic system component that removes harmful particulates by forcing hydraulic fluid through a porous filter element. The filter element captures contaminants and prevents them from reentering the fluid flow and causing damage to other downstream equipment.


4. Others: These includes Full-Flow Oil Filter, Secondary Oil Filter, Spin-On Oil Filter, etc. There are many different types of oil filters for cars on the market, as well as different oil filter sizes, but they all have one thing in common: they all play an important role in protecting the engine's health. The motor oil in your car absorbs contaminants that can harm the engine, and the oil filter purifies the fluid. It ensures that the oil in your car is as clean as possible before it enters the engine.

By Media

1. Cellulose: Cellulose filter media is used in disposable oil filters. This media can hold particles as small as 8 to 10 microns and clean up to 40% of the motor oil. It is recommended that you have your mechanic check/replace them every 3,000 miles.


2. Synthetic: Synthetic media is used in higher-quality oil filters. This media effectively removes 50% of particles with sizes ranging from 20 to 40 microns and 24% of particles with sizes ranging from 8 to 10 microns. Every 5,000 to 7,000 miles, these oil filters should be checked and replaced.


3. Others: This segment includes Micro glass filter media. The majority of high-end oil filters contain an extremely fine metal media or micro glass. The fibres used to make this micro glass mesh are ten times finer than cellulose fibres. They also restrict the flow of motor oil far less and only need to be checked/replaced every 2 to 5 years or 10,000 miles (whichever comes first).

By Region

1. North America: North America dominated the global 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.


2. Europe: 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.


3. Asia-Pacific: 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.