Oil Filter Market Share 2021: Global Industry Overview, Size, Trends, Growth and Forecast Till 2026

According to the latest report by IMARC Group, titled “Oil Filter Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global market reached a value of US$ 2.8 Billion in 2020. An oil filter refers to an appliance that eliminates foreign particles and impurities from transmission oil, engine oil, hydraulic oil, lubrication oil, etc. It prevents the pollutants from damaging the engine as oil circulates and lubricates it. The oil filter makes the engine run efficiently for more extended periods of time and protects it from premature wear. Based on new technologies, oil filters offer several functions, such as pressure monitoring, oil cooling, minimized production of oil residue, easy replacement, etc.

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The growing automotive and automobile industries are primarily driving the oil filter market. Furthermore, the growing population has resulted in an increased usage of vehicles for commuting, which is augmenting the demand for oil filters. Additionally, stringent government regulations and several initiatives to reduce carbon emissions are also propelling the market growth. Moreover, rising environmental concerns are encouraging manufacturers to develop sophisticated engine designs for oil filters, which are expected to further bolster the global market in the coming years. Looking forward, IMARC Group expects the market to grow at a CAGR of around 5% during 2021-2026.

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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Competitive Landscape with Key Players:

• Ahlstrom
• CLARCOR Inc.
• DENSO
• MAHLE
• MANN+HUMMEL

Key Highlights of the Market Segmentation:

Breakup by End-Use:

• Passenger Cars
• Commercial Vehicles
• Two-Wheelers
• Others

Breakup by End-Use:

• Passenger Cars
• Commercial Vehicles
• Two-Wheelers
• Others

Breakup by Fuel Type:

• Gasoline
• Diesel

Breakup by Region:

• Asia Pacific
• North America
• Europe
• Middle East and Africa
• Latin America

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Note: We are updating our reports, If you want the report with the latest primary and secondary data (2021-2026) including industry trends, market size and Competitive landscape, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours.

Key highlights of the report:

• Market Performance (2015-2020)
• Market Outlook (2021-2026)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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