About the Oil Filter Market
Oil filters remove impurities and undesired components from circulating and transmission oil, lubricating oil, engine oil, and hydraulic oil in automobiles, naval vessels, and light aircraft. Engine oil needs to be free from particles that may increase friction during piston movement and affect engine efficiency. Canister-type filters are the most commonly used automotive oil filters.
Technavio’s analysts forecast the Global Oil Filter Market to grow at a CAGR of 4.52% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the Global Oil Filter Market for 2016-2020. The market size has been calculated by estimating the demand for oil filters from various end-user segments.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Oil Filter Market 2016-2020
Technavio recognizes the following companies as the key players in the Global Oil Filter Market: Ahlstrom, Clarcor, DENSO, MAHLE, MANN+HUMMEL.
Other Prominent Vendors in the market are: Cummins Filtration, Donaldson Engine-Products Segment, GUD Holdings-Automotive Products, Hengst Automotive, K&N Engineering, Neenah Technical Products, Parker-Hanninfin Industrial,Roki, ITW Automotive OEM, Robert Bosch, Lydall Industrial Filtration, Tokyo Roki, Toyota Boshuku Filtration & Powertrain Components.
Commenting on the report, an analyst from Technavio’s team said: “One trend boosting market growth is the increased demand for commercial aircraft. Over the past 25 years, the aviation sector has been experiencing recession, aviation fuel price shocks, and security threats. Yet, global air traffic has been growing at the rate of 5.5% annually. The aerospace industry is expected to experience steady demand for oil filter solutions, especially in the commercial aircraft market.”
According to the report, a key growth driver is the increase in the sales of passenger cars. The major application of oil filters is in internal combustion engines of vehicles, both on-road and off-road. Nowadays, oil filters are also used in hydraulic systems such as power steering and automatic transmission.
Further, the report states that one challenge that could hamper market growth is the enforcement of stringent emission standards for diesel engines. "
Ahlstrom, Clarcor, DENSO, MAHLE, MANN+HUMMEL, Cummins Filtration, Donaldson Engine-Products Segment, GUD Holdings-Automotive Products, Hengst Automotive, K&N Engineering, Neenah Technical Products, Parker-Hanninfin Industrial,Roki, ITW Automotive OEM, Robert Bosch, Lydall Industrial Filtration, Tokyo Roki, Toyota Boshuku Filtration & Powertrain Components.
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