Oil Filter Market Report 2024

This Oil Filter market report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.

The oil filter market size has grown strongly in recent years. It will grow from $3.94 billion in 2023 to $4.21 billion in 2024 at a compound annual growth rate (CAGR) of 6.9%. The growth during the historic period can be attributed to heightened environmental concerns, a rise in commercial vehicle production, an increase in the average age of vehicles in operation, improvements in overall engine performance, and the growing popularity of electric vehicles.

The oil filter market size is expected to see strong growth in the next few years. It will grow to $5.57 billion in 2028 at a compound annual growth rate (CAGR) of 7.2%. The anticipated growth during the forecast period can be attributed to the increasing need for vehicle safety, a rise in vehicle manufacturing, demand for high-quality hydraulic filters, growing adoption of electric vehicles, and higher demand for diesel fuel oil filters for cars. Key trends expected include ongoing advancements in filtration technologies, technological innovations, strategic partnerships and mergers, acquisitions, and new product developments.

The increasing demand for commercial vehicles is expected to drive growth in the oil filter market. Commercial vehicles, which include trucks, buses, and vans designed for transporting goods or passengers for business purposes, are seeing higher demand due to rising e-commerce activities, urbanization, and infrastructure development. This surge in demand necessitates efficient transportation and logistics solutions. Oil filters are crucial for these vehicles as they remove contaminants from the oil, ensuring reliable engine performance, reducing maintenance costs, and improving fuel efficiency. For example, in January 2024, the Society of Motor Manufacturers and Traders, a UK-based trade association, reported a 21% increase in demand for new light commercial vehicles (LCVs) in the UK in 2023, totaling 341,455 units. This growing need for commercial vehicles is fueling the expansion of the oil filter market.

Leading companies in the oil filter industry are focusing on developing advanced filtration technologies, such as synthetic endurance oil filters, to enhance durability and engine performance. Synthetic endurance oil filters are designed with advanced synthetic materials to provide superior filtration, longer service life, and better engine protection under challenging conditions. For instance, in April 2023, Fram Group Operations LLC, a US-based provider of car repair and replacement parts, introduced the FRAM Synthetic Endurance oil filter. This high-performance filter is designed to last up to 25,000 miles when used with the appropriate synthetic motor oil. It features high-flow synthetic media with 99% filtration efficiency, heavy-duty steel construction, a 360° textured grip for ease of installation and removal, a Perfect Seal No-Stick Gasket for extended oil change intervals, and a durable base plate. This product is tailored for newer and late-model vehicles, reflecting FRAM's commitment to quality and performance in oil filtration.

In March 2024, Vance Street Capital, a US-based private equity firm, formed a partnership with Keltec Technolab. This investment is expected to enhance Keltec’s customer experience, accelerate product development, and support strategic mergers and acquisitions to strengthen its position as a leading provider of aftermarket filtration solutions. Keltec Technolab, based in the US, specializes in designing, developing, and manufacturing filtration solutions, including oil filters.

Major companies operating in the oil filter market are Exxon Mobil Corporation, Robert Bosch GmbH, Caterpillar Inc., Denso Corporation, Cummins Inc., DAIKIN INDUSTRIES Ltd, Eaton Corporation plc, Tenneco Inc., Parker Hannifin Corporation, Mahle GmbH, Mann+Hummel GmbH, Donaldson Company Inc., Purolator Inc., Sogefi Group, Hengst SE & Co. KG, Evotek, Hollingsworth & Vose Company, FRAM Group IP LLC, GUD Holdings Limited, Champion Laboratories Inc., K&N Engineering Inc., Bry-Air Inc., ACDelco.

Asia-Pacific is the largest region and fastest-growing region in the oil filter market in 2023. The regions covered in the oil filter market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the oil filter market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

An oil filter is a device used in engines to eliminate contaminants like dirt, metal particles, and carbon from the oil before it circulates through the engine. This process helps protect the engine by keeping the oil clean, ensuring it can effectively lubricate the moving parts and minimize wear and tear.

The primary types of oil filters include fuel filters, engine oil filters, hydraulic filters, and others. Fuel filters are designed to remove contaminants such as dirt, rust, and debris from the fuel before it reaches the engine. Oil filters are classified based on their media types, which include cellulose and synthetic materials. They are used in various applications, including passenger cars, commercial vehicles, two-wheelers, and other machinery.

The oil filter market research report is one of a series of new reports that provides oil filter market statistics, including oil filter industry global market size, regional shares, competitors with an oil filter market share, detailed oil filter market segments, market trends and opportunities, and any further data you may need to thrive in the oil filter industry. This oil filter market research report delivers a complete perspective on everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The oil filter market consists of sales of automotive oil filters, heavy-duty oil filters, high-performance oil filters, bypass oil filters, cartridge oil filters, and spin-on oil filters. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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