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Automotive Transmission Oil Filter Market 2022 Trends, Share, Size, Growth, Opportunity and Forecast to 2031

09-29-2022 12:24 PM CET | Industry, Real Estate & Construction

Press release from: Persistence Market Research

/ PR Agency: Persistence Market Research
Automotive Transmission Oil Filter Market 2022

Automotive Transmission Oil Filter Market 2022

Automotive Transmission Oil Filter Market 2022

The global automotive transmission oil filter market is estimated to be worth US$ 2.5 Bn in the year 2022. Thus, it's a billion-dollar market, so to state. The global automotive transmission oil filter market will witness a CAGR of 5% between 2021 and 2031. 

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Automotive transmission oil filters are gaining significant traction in the market due to their multiple benefits - smooth operation of vehicles, improved fuel efficiency, and reduced carbon emissions. High demand for automotive transmission oil filters is being witnessed for use in both, luxury and commercial vehicles.

The high replacement rate of automotive transmission oil filters in agricultural and commercial vehicles will primarily drive overall aftermarket growth.

Key Players to Retain Strong Market Positions

The automotive transmission oil filter market is fairly fragmented, with a number of global as well domestic players. Tier-I manufacturers in the global automotive transmission oil filter market, such as IBS Filtran GmbH, Fram Group IP LLC, Champion Laboratories Inc., and Mann-Hummel, are focusing on adding diverse products to their e-Commerce network and building proprietary channels to increase their customer reach.

Moreover, key players are focused on developing distributor networks by appointing authorized dealers and distributors at the regional level, and providing extended warranty services to customers to expand their market share.

Key Companies-

• MAHLE GmbH
• Donaldson Company Inc.
• AC Delco
• Tenneco Inc
• ZF Friedrichshafen AG
• Cummins Filtration
• Hitachi Automotive System Ltd.
• ALCO Filters Ltd.
• FRAM GROUP IP LLC
• Champion Laboratories, Inc.
• Ferdinand Bilstein GmbH Co. KG
• Elofic Industries Limited
• G.K Industries Ltd
• VIEROL AG
• Viking Filters Ltd.
• Sure Filter Technology Inc.
• IBS Filtran GmbH

Complete Report Details@https://www.persistencemarketresearch.com/market-research/automotive-transmission-oil-filter-market.asp

Key Takeaways of Automotive Transmission Oil Filter Market Study

• Automatic transmission (AT) vehicles have gained higher demand owing to worsening traffic congestions and rising emphasis on ride comfort. Relatively higher installation rate of transmission oil filters in AT vehicles is creating substantial growth opportunities for the market.
• Transmission oil filters are increasingly being utilized in compact and mid-size passenger vehicles. However, the replacement rate for transmission oil filters in tractors is comparatively higher than passenger and commercial vehicles.
• Vehicle owners prefer authorized service stations until the end of the warranty period. After that, independent service stations gain an upper hand due to their affordability.
• Reusable filters are nearly ten times more expensive than disposable ones, and find significant application in sport and racing or super cars.
• Pressure filters are more often preferred in vehicles with manual transmission, dual clutch transmission, and continuously variable transmission systems, which require high-level purity of transmission fluid.
• Polyester media, owing to the use of synthetic materials, is anticipated to be the prominent choice for transmission oil filter manufacturers.

"Manufacturers of automotive transmission oil filters are using high-quality nonwoven composite media to improve fluid filtration and ensure long-lasting transmission. Out of every 100 filters sold around the world, less than ten filters are sold through online sales channels; however, the ratio is expected to increase in the favor of the online segment by end of the forecast period," says a PMR Analyst.

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What Does the Future Hold?

The global automotive transmission oil filter market is estimated witness moderate growth, mainly in North America, Asia Pacific, and Europe, owing to increase in the road fleet. Market growth will be further boosted by rising focus on preventive maintenance by consumers.

Key Questions Answered in This Report.

• What will the Market growth rate in Future?
• What are the key factors driving the global Market?
• Who are the key manufacturers in Market space?
• What are the opportunities and threats faced by the vendors in the global industry?
• What are sales, revenue, and price analysis by regions of industry?

Related Reports:

Car Electronics And Communication Accessories Market - https://www.persistencemarketresearch.com/market-research/car-electronics-and-communication-accessories-market.asp

Global car electronics and communication accessories market is projected to exhibit a CAGR of 5.7% in terms of value and 3.6% in terms of volume during 2016-2024.

Electric Bicycle Motors Market - https://www.persistencemarketresearch.com/market-research/electric-bicycle-motors-market.asp

Global electric bicycle motors market was estimated to be valued at US$ 5,200 Mn in 2017 & is anticipated to touch US$ 8,500 Mn in 2025 and in the process exhibit a CAGR of 6.3% .

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