The oil filter in an automobile are few of the key components, which are smaller in size but plays a very important role performing large number of functions. The functions include removal of sludge and dirt making the engine function smoothly in turn reducing the emission, increased engine service life and low fuel annual consumption. With advancement in research and development the bio fuels obtained from animals, plants and algae are gaining popularity as an alternative automobile fuel in passenger cars and LCV segment of vehicles. The sophisticated automobile engine technologies have led to availability of oils very critical. Owing to this the oil filters have now become the integral part of the automotive industry.
Oil filters clean all the gunk that the engine picks up before it go and mix into the internal combustion; it cleans the lubricant which facilitates the engine to run smoothly. An initiative taken by the government and the people around the globe to reduce the green house gases emission from automobiles which contributes around 14% of the total carbon dioxide in the atmosphere has triggered immense competition among OEMs to introduce automobiles according to the consumer’s preference. Thus, stringent emission norms imposed in the different regions globally and increasing environmental awareness throughout the world has increased the use and replacement of oil filters. Filters with different technologies are being developed and installed by the OEMs in the automobiles to control the emission rate and increase the fuel economy driving the future of oil filters market across the globe.
The report global oil filter market covers the global market of the regions – Asia-Pacific, Europe, North America and is further segmented based on vehicle type (Passenger cars, LCVs & HCVs) and fuel type (Gasoline & Diesel). The study shows that the global oil filter market will grow at a CAGR of 11.1% during the period 2013 to 2018 and will reach a value of $ 336.78 million by 2018. The growing awareness of environment among the consumers globally will drive the market in the future taking it to the new heights where regular replacement of these filters will open opportunities to the after-market suppliers. Further the report gives a technological overview gives new technologies being used to develop the oil filters. The report includes the company profile of key market players in the field of oil filter market. It covers qualitative data providing a comprehensive review of major market drivers, restraints and opportunities, winning imperatives and key burning issues in automotive global oil filter market.
Key question answered
- What are the market estimates and forecasts for the global oil filter market?
- What are the trends based on the key countries of the region?
- Identification of market dynamics and impact of the same on global oil filter market
- Analysis of recent developments, alliances, joint ventures, and mergers & acquisitions in the oil filter market
Audience for this report
- Manufacturer of global oil filter companies
- Suppliers for oil filter manufacturers
- Traders, distributors, and suppliers in the global oil filter market
- Automobile associations
- Automotive industry as end user industry
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North America Oil Filter
Owing to the increased pollution levels affecting the climatic conditions, stringent emission norms have been introduced by the government of the region. Oil filters which are responsible of cleaning all the gunk that the engine picks up before it go and mix into the internal combustion; it cleans the lubricant which facilitates the engine to run smoothly thereby decreasing the emissions. This factor is driving the future of oil filter market in the region. The North America automotive oil filter market is estimated to grow at a CAGR of 11.1% during 2013 to 2018 reaching a value of $47.15 million by 2018.
Europe Oil Filter
With the increasing CO2 emission in the environment by the automobiles has caused the government to impose stringent emission norms. This has caused the regulated use of oil filters and its replacement at regular intervals has increased the market of oil filter in the region. The Europe automotive oil filter market is estimated to grow at a CAGR of 8.3% during 2013 to 2018 reaching a value of $74.09 billion by 2018.
Asia-Pacific Oil Filter
Owing to the stable economic conditions resulting into the rising purchasing power of the individuals has increased the vehicle production in the region. Production of oil filters can be linked directly with the production of vehicles thus found with the increasing trend in the Asia-Pacific market. . The Asia-Oceania automotive oil filter market is estimated to grow at a CAGR of 12.7% during 2013 to 2018 generating revenue of $195.33 million by the end of 2018.