Global Automotive Oil Filter Market - A Report by Fact.MR
Fact.MR, in its latest business intelligence study, depicts the nuts and bolts of the global automotive oil filter market. The automotive oil filter market report presents detailed information regarding the drivers, restraints, opportunities and trends affecting market growth. Each segment along with its sub-segment is analyzed in terms of value and volume. Further, the automotive oil filter market report elaborates the market behavior of each vendor operating in the automotive oil filter market.
According to a recent report by Fact.MR, worldwide sales of automotive oil filter are estimated to surpass US$ 2,400 Mn in 2019, up from US$ 2,329.3 Mn in 2018. Drastic increase in vehicle sales depicts a bright future for the global automotive sector, which in turn is working in favor for the manufacturers of automotive oil filters during the forecast period. Dramatic transformations in the automotive landscape, primarily shaped by evolving customer expectations and new regulations, are further upholding the growth of automotive oil filter market.
The automotive oil filter market report considers the following years to present the overall market growth:
History Year: 2012-2016
Base Year: 2012
Estimated Year: 2022
Forecast Year: 2017 – 2022
Key findings of the automotive oil filter market study:
Regional breakdown of the automotive oil filter market based on predefined taxonomy.
Innovative manufacturing processes implemented by automotive oil filter market vendors in detail.
Region-wise and country-wise fragmentation of the automotive oil filter market to grasp the revenue, and growth outlook in these areas.
Changing preferences among consumers across various regions and countries.
Factors (Positive and Negative) impacting the growth of the global automotive oil filter market.
According to the report, synthetic oil filters continue to be the top-selling variant, with global sales estimated to exceed US$ 760 Mn in 2019. High-performance engines in case of new age automobiles require synthetic oil to keep up with the evolving efficiency standards. In line with aforementioned, synthetic oil filters are in high demand, on account of the cutting-edge filtration capabilities.
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As per the research study, independent aftermarket (IAM) will continue to be the most-promising sales channel, with global demand anticipated to surpass US$ 870 Mn in 2019. Demand for routine maintenance parts, including wiper blades, oil filters, brake pads, and others is expected to witness a steep rise, which is a key factor underpinning growth of IAM channels in the automotive oil filter market space.
On the basis of sales channel, the automotive oil filter market study consists of:
On the basis of vehicle type, the automotive oil filter market study incorporates:
Compact Passenger Cars
Mid-sized Passenger Cars
Premium Passenger Cars
Luxury Passenger Cars
Light Commercial Vehicles
Heavy Commercial Vehicles
On the basis of region, the automotive oil filter market study contains:
North America (U.S., Canada)
Latin America (Brazil, Mexico)
Europe (U.K., Germany)
APEJ (China, India)
Key players analyzed in the automotive oil filter market study:
Donaldson Company Inc.
Robert Bosch GmbH
K & N Engineering Inc.
Champion Laboratories Inc.
FRAM Group IP LLC
Freudenberg & Co KG
SE.& Co. KG
UFI Filters Spa
Queries addressed in the automotive oil filter market report:
How has the global automotive oil filter market grown over the historic period of 2012-2016?
Why are the automotive oil filter market players targeting region for increased product sales?
What patented technologies are the players utilizing in the global automotive oil filter market?
Which regions are displaying the fastest growth in the automotive oil filter market?
What are the underlying micro- macroeconomic factors affecting the global automotive oil filter market?
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