Press release
Automotive Oil Filter Market: Synthetic Automotive Oil Filter to Gain Maximum Revenue Share || Key Players: Champion Laboratories, Inc., UFI Filters Spa, Mann+Hummel GmbH, Freudenberg & Co. KG, and Cummins Inc.
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Automotive oil filters help to remove contaminants from the oil. Oil filter in an internal combustion engine in vehicle helps to eliminate wear particles, transfers heat to cool the engine, and lubricates internal parts. With the increase in a number of vehicles manufactured, the demand for the automotive oil filter is also rising. Hence, manufacturers are working on improving the filter design and technology to ensure it works with increased engine power. Manufacturers of automotive oil engine are also focusing on developing filters, eliminating the need to change the oil filter for a long time. Automakers are also moving towards constructing replaceable element filter, leading to minimizing waste with each filter change. Better filter efficiency is also one of the vital focus areas for manufacturers. They are offering improving filter efficiency to hold or capture even the smallest particles, ensuring better engine performance.
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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North America is likely to emerge as the second most dominating market. Due to the rise in new vehicle models, new technologies are being used in automotive oil filters. Moreover, new emission norms are also being imposed by the government which is further contributing to the growth of North America automotive oil filter market.
Competition Tracking
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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