Press release
Global Car Oil Filter Market Rising Demand Leads to Sustained Growth during the Period 2017-2022
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The report is an overview of the global car oil filter market. This includes the introduction to the market and a standard definition of the product – car oil filter. In this section, year-over-year growth and market value is offered to readers. Year-over-year growth gives readers a broader picture on growth patterns during the forecast period.
The next section of the report offers a thorough description of the latest macroeconomic factors that have a bearing on the global car oil filter market. Considering the interconnectedness of the car oil filter market to global automotive market and, in general, the global economy, readers will get valuable insights on how international developments impact this market.
In a bid to keep readers up-to-date on the latest developments in the global car oil filter market, the report offers readers a roundup of the latest trends impacting the market. As the automotive sector is ever-evolving, staying abreast with latest trends and developments is paramount to formulating key business strategies. Information on supply chain, cost structure, pricing analysis, raw material sourcing, and list of distributors are offered to readers in this section.
Highlights on Global Car Oil Filter Market
1) The luxury passenger car segment by vehicle type enjoys a higher market share by revenue and accounts for 36.5% share which is higher than all other segments during the period of forecast. The premium passenger car segment reflects a similar growth rate as the luxury passenger car segment but has less market share. The compact passenger car segment grows at a steady rate
2) Europe region is on the vanguard as far as regional dominance is concerned. It has a higher market share by revenue than any other region and is poi9sed to grow at a steady growth rate. Asia-Pacific excluding Japan (APEJ) region reflects the highest growth rate to register a CAGR of 3.5% during the period of forecast. This can be attributed to the rising number of passenger cars in this region
3) Cellulose segment by filter media has a high market share by revenue but experiences a not so high growth rate. However, the synthetic segment is poised to grow at a higher CAGR of 3.4% among other filter media segments during the period of forecast
4) The OEM segment is poised to grow at a slow rate during 2017 to 2022, with a low market share by revenue. IAM segment enjoys the highest market revenue share and is growing at higher rate to attain a CAGR of 3.2% along with a gain in the BPS by the end of 2022
5) By product type, the anti-drain black seal has higher growth rate during the period of forecast and gains the highest BSP by the end of 2022. The base gasket segment has a high market share by revenue and accounts for 35.6%. APEJ region is a lucrative region for the base gasket segment
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IAM Segment Registers a Higher Market Share by Revenue
The IAM segment by sales channel is expected to grow at a higher pace during the forecast period and reflects a higher market share by revenue of about 54% as compared to other channels. The OEM segment and OES segment reflect a dull growth rate and supposed to experience a loss in the BPS by the end of 2022, while the IAM segment is anticipated to gain a higher BPS by 2022-end.
Competition Tracking
The report also profiles companies that are expected to remain active in the expansion of the global car oil filter market through 2022, which include MAHLE GmbH, Robert Bosch GmbH, Denso Corporation, Donaldson Company Inc., Mann Hummel GmbH, Sogefi SpA., Hollingsworth and Vose Company, K&N Engineering Inc., Ahlstrom Corporation, Alco Filters ltd., Cummins Inc., Hengst SE and Co. KG, Freudenberg & Co. KG, UFI Filters SpA and Champion Laboratories Inc.
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