Global Car Oil Filter Industry Is Estimated To Create An Absolute Dollar Opportunity Of More Than US$ 1 Bn By 2031

Car Oil Filter Sales Analysis (2016 to 2020) in Comparison to Demand Outlook (2021 to 2031)

According to the latest report by Fact.MR, the global car oil filter industry is estimated to create an absolute dollar opportunity of more than US$ 1 Bn by 2031. China, India, and Japan are responsible for most car oil filter consumption.

• The luxury passenger cars segment enjoys high revenue and accounts for 36.5% share.
• Europe is the forerunner as far as regional dominance is concerned. It has a high market share by revenue than any other region and the market is poised to grow at a steady rate.
• Cellulose filter media has a high market share but will experiences a not so high growth rate. However, the synthetic segment is poised to expand at a higher CAGR of 3.4%.
• The IAM sales channel segment enjoys the highest market revenue.
• By product type, base gaskets hold a high market share of 35.6%.

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What is Escalating Demand of Car Oil Filters across Geographies?

Car oil filters help in improving oil quality by separating contaminants from the oil, thereby keeping the oil unadulterated and safe. Rising demand for vehicles across regions is a key factor boosting market growth. Stringent regulations by governments curbing carbon emissions are driving penetration of high quality car oil filters in the market.

A prominent feature predicted to provide prospective chances for car oil filter manufacturers is increasing average age of vehicles in operation, owing to continuous improvements in vehicle quality and filter change kilometre.

Which Factors are Acting as Restraints for Car Oil Filter Industry Growth?

Introduction of electric vehicles can be a restraint to the global market for automotive oil filters. This is because vehicle oil filters will be limited to conventional vehicles. As consumers will inclined towards more sustainable options, the market will experience significant decline in sales over the coming years.

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Key Segments Covered in Car Oil Filter Industry Survey

• By Product Type

  • Base Gaskets
  • Canisters
  • Anti-drain Black Seals
  • Base Plates

• By Sales Channel

  • Car Oil Filters Sold at OEMs
  • Car Oil Filters Sold at OESs
  • Car Oil Filters Sold at IAMs

• By Vehicle Type

  • Car Oil Filters for Compact Passenger Cars
  • Car Oil Filters for Mid-sized Passenger Cars
  • Car Oil Filters for Premium Passenger Cars
  • Car Oil Filters for Luxury Passenger Cars

• By Filter Media

  • Cellulose Car Oil Filters
  • Synthetic Car Oil Filters
  • Others

Key Players Profiled

• MAHLE GmbH
• Robert Bosch GmbH
• Denso Corporation
• Mann Hummel GmbH
• Sogefi SpA.

For More Insights- https://www.einpresswire.com/article/556506843/growing-of-polyurethane-structural-insulated-panels-is-projected-to-take-demand-growth-at-5-cagr-over-the-next-10-years

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