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Fuel pumps and injectors are subjected to high contamination ratios owing to rampant adoption of unfiltered fuel. Additionally, deposition of contaminants and rust caused by moisture accumulation in fuel tanks necessitate adoption of car oil filters. Matured markets comprising Europe and North America lead the squad in terms of lucrative prospects. However, astounding number of commercial vehicles and passenger cars across emerging economies are estimated to soon follow suit, thereby promising novel growth scope for veterans in car oil filter market.
Owing to limited life span of car oil filters, frequent maintenance and replacement remain persistent challenges for car owners. However, independent aftermarket as well as OEMs are expected to explore the drawback, thereby churning maximum revenues from optimum car oil filter replacement. On the back of premiumlization of cars, luxury cars have crafted decent customer loyalty. The trend is expected to propel car oil filters market towards lurking opportunities in the near future.
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Premium Ties with Luxury in Terms of Growth, yet Luxury Enjoys an Upper Hand
The premium passenger cars segment and luxury passenger car segment by vehicle type reflect same compounded annual growth rate of 3.1% throughout the forecast period of 2017-2022, however, the market share by revenue of luxury passenger car segment is almost four times than that of the premium cars segment.
Anti-Drain Black Seal to Seal its First Position; Canister Left Behind
The anti-drain black seal segment by product type is expected to grow at the highest pace to reflect a modest CAGR of 3.9% leaving canister segment at the second position. The market share by revenue of anti-drain black seal segment is lower than the canister segment but it can be inferred that the anti-drain black seal segment can attain a much better position in terms of market share by the end of 2022.
Car Oil Filter Market: Competition Landscape
The report has also profiled leading players in the global market for car oil filters, which would remain active through 2022. These include companies like Champion Laboratories Inc., UFI Filters SpA, Freudenberg & Co. KG, Hengst SE and Co. KG, Cummins Inc., Alco Filters ltd., Ahlstrom Corporation, K&N Engineering Inc., Hollingsworth and Vose Company, Mann Hummel GmbH, Sogefi SpA., Donaldson Company Inc., Denso Corporation, Robert Bosch GmbH and MAHLE GmbH.
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