New York, NY -- (SBWIRE) -- 12/10/2018 -- The automotive oil filter is designed to remove dirt from engine oil which helps to lubricate internal vehicle parts. These oil filters are very small in size and help in increasing engine life, reducing emission and also leads to low fuel consumption. There are various types of oil filters used in vehicles such as cartridge and spin-on, high-efficiency oil filters, magnetic oil filters, etc.
Automotive oil filter manufacturers are moving towards developing advanced filters that can fit with powerful engines. They are also emphasizing on improving the efficiency of the filter, resulting in better performance. Changing oil and oil filter from time to time is important, however, manufacturers are planning to introduce oil filter for vehicles that can work for a long period of time, without the need to change it. With the introduction of new stringent emission rules, oil filters are also witnessing technological advancements in filter capacity, filter media. Recycling of used automotive oil filters is also being done on a large scale, due to the new regulations and also some countries have declared automotive oil filters as hazardous waste.
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According to the latest report by Fact.MR, the global market for automotive oil filter is expected to experience a steady growth throughout the forecast period. The market is projected to reach US$ 2,868.3 million revenue by the end of 2022. Automotive oil filter manufacturers are developing advanced filters for more powerful engines. The rise in stringent emission regulation in various countries is also driving the growth of oil filters in vehicles. Improving filter efficiency to capture particles, ensuring better lubrication is also gaining traction among the manufacturers.
Highest Sales through IAM
Among various sales channels for automotive oil filters, IAM is expected to be the biggest sales channel. During the forecast period from 2017 to 2022, IAM is anticipated to create more than US$ 200 million incremental opportunity. IAM will also gain more than one-third of the share in terms of revenue by the end of 2017.
Synthetic Automotive Oil Filter to Gain Maximum Revenue Share
Compared to the cellulose filter, synthetic oil filter for automotive will witness better growth in the automotive oil filter market. By the end of 2022, synthetic filter is estimated to reach close to US$ 900 million revenue. While cellulose filter will also witness above-average growth between 2017 and 2022.
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Mid-Sized Passenger Cars to Witness Steady Growth
Among various types of vehicles, mid-sized passenger cars are expected to be the major users of the automotive oil filters. In terms of revenue, mid-sized passenger cars are estimated to account for nearly one-fourth of the share towards 2017 end. Witnessing steady growth, mid-sized passenger cars are estimated to exceed US$ 500 million by 2022 end.
The report profiles various major companies that are expected to remain active in the expansion of global market for automotive oil filter through 2022, which include Mahle Group, Hengst SE & Co. KG, Donaldson Company, Inc., Denso Corporation, Robert Bosch GmbH, K & N Engineering Inc., Sogefi SpA, FRAM Group IP LLC, Champion Laboratories, Inc., UFI Filters Spa, Mann+Hummel GmbH, Freudenberg & Co. KG, and Cummins Inc.
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