What Has Been The Evolution of the Oil Filter Market in Recent Years?
The oil filter market has seen considerable growth due to a variety of factors.
• In recent times, the oil filter market has shown robust growth. The market, which was worth $4.21 billion in 2024, is poised to increase to $4.53 billion by 2025, growing at a compound annual growth rate (CAGR) of 7.5%.
Various factors have contributed to the growth in the historical period. These include increasing environmental awareness, a rise in the manufacture of commercial vehicles, an increase in the average age of operating vehicles, an improvement in overall engine performance, and a surge in the popularity of electric vehicles.
What Are the Future Growth Projections for the Oil Filter Market?
The oil filter market is expected to maintain its strong growth trajectory in upcoming years.
• The market size for oil filters is slated to witness robust growth in the coming years, expanding to $5.97 billion by 2029, with a compound annual growth rate (CAGR) of 7.2%.
This predicted growth during the forecast period can be traced back to the escalating demand for vehicle safety, an increase in vehicle production, the requirement for superior hydraulic filters, the growing prevalence of electric vehicles, and heightened demand for diesel fuel oil filters for cars. Key trends for the forecast era include ongoing developments in filtration technologies, technological progression, alliances and strategic mergers, purchases, and innovations in new products.
What Are The Core Factors Supporting Growth In The Oil Filter Market?
The growth of the oil filter market is anticipated to surge due to the escalating demand for commercial vehicles. Commercial vehicles, which include trucks, buses, and vans, are motor vehicles intended for the transport of goods or passengers in a business context. The need for these vehicles has skyrocketed due to the expansion of e-commerce activities, urbanization, and infrastructure development, all of which require effective transport and logistics strategies. Oil filters play a vital role in safeguarding the engines of commercial vehicles by eliminating impurities from the oil, guaranteeing dependable performance, whilst simultaneously reducing upkeep expenses and enhancing fuel efficiency. For instance, the Society of Motor Manufacturers and Traders, a trade association based in the UK, reported that in January 2024, the demand for new light commercial vehicles (LCVs) in the UK had seen a 21.0% rise from 2023, amounting to a total of 341,455 units. Consequently, the mounting demand for commercial vehicles fuels the growth of the oil filter market.
What Are The Major Segments Within The Global Oil Filter Market?
The oil filtermarket covered in this report is segmented –
1) By Type: Fuel Filter, Engine Oil Filter, Hydraulic Filter, Other Types
2) By Media: Cellulose, Synthetic
3) By End-Use: Passenger Cars, Commercial Vehicles, Two-Wheelers, Other End-Users
Subsegments:
1) By Fuel Filter: Cartridge Fuel Filter, Inline Fuel Filter, Strainer Fuel Filter, Electric Fuel Filter
2) By Engine Oil Filter: Full-Flow Oil Filter, Bypass Oil Filter, Cartridge Oil Filter, Magnetic Oil Filter
3) By Hydraulic Filter: Return Line Filter, Pressure Line Filter, Suction Line Filter, Tank Breather Filter
4) By Other Types: Transmission Oil Filter, Air Filter, Oil Separator, Oil Filter for Heavy Machinery
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What Emerging Trends Are Influencing The Growth Of The Oil Filter Market?
Leading firms in the oil filter industry are prioritising the creation of technologically superior filtration solutions—for instance, synthetic endurance oil filters—in order to bolster longevity and augment engine performance. A synthetic endurance oil filter utilises cutting-edge synthetic materials and technology to offer exceptional filtration performance, improved longevity and amplified engine safeguarding in challenging circumstances. Illustratively, in April 2023, Fram Group Operations LLC, a US-based entity running a car repair and spare parts business, introduced the FRAM Synthetic Endurance oil filter— a high-quality product aimed to deliver superior performance and resilience. This oil filter, when paired with the right synthetic motor oil, provides protection for up to 25,000 miles. It boasts a synthetic media with high-flow capacities ensuring 99% filtration efficacy, robust steel fabrication to withstand high pressures, a 360° textured handhold for uncomplicated installation and removal, a flawless seal with a no-stick gasket for prolonged oil change intervals and a robust base plate. This product is specifically engineered to cater to the requirements of newer as well as late-model vehicles, underscoring FRAM's enduring commitment to the high standard and performance of engine oil filtration.
Who Are the Key Players In The Oil Filter Market?
Major companies operating in the oil filter market are:
• Exxon Mobil Corporation
• Robert Bosch GmbH
• Caterpillar Inc.
• Denso Corporation
• Cummins Inc.
• DAIKIN INDUSTRIES Ltd
• Eaton Corporation plc
• Tenneco Inc.
• Parker Hannifin Corporation
• Mahle GmbH
• Mann+Hummel GmbH
• Donaldson Company Inc.
• Purolator Inc.
• Sogefi Group
• Hengst SE & Co. KG
• Evotek
• Hollingsworth & Vose Company
• FRAM Group IP LLC
• GUD Holdings Limited
• Champion Laboratories Inc.
• K&N Engineering Inc.
• Bry-Air Inc.
• ACDelco
What Is The Most Dominant Region In The Oil Filter Market?
Asia-Pacific is the largest region and fastest-growing region in the oil filter market in 2024. The regions covered in the oil filter market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
