- The key vendors in the Global Automotive Oil Filter Market 2015-2019 are Affinia Group Inc., Clarcor Inc., Cummins Inc., Denso Corp., Donaldson Inc., Mahle Group, Mann+Hummel GmbH and UCI International Inc./Fram.
London, 10 December 2014: TechNavio, an independent tech-focused global research firm, has announced the publication of its market research report on the Global Automotive Oil Filter Market 2015-2019. One of the major trends in this market is an increase in the volume of goods outsourced to low-cost countries, such as China. As a result of growing manufacturing costs, existing players in the market are shifting operations to countries where they can get labor, raw materials, and other facilities at a low cost. This helps them lower manufacturing costs and gives them an edge over their competitors. The Global Automotive Oil Filter market is expected to grow at a CAGR of 5.70 percent during the period 2014-2019.
The major end-users of the Global Automotive Oil Filter market are original equipment manuifacturers and the aftermarket. The demand for automotive oil filters from OEMs depends on consumer demand for automobiles, while the demand from the aftermarket depends on the number of on-road automobiles. The aftermarket includes consumers who replace old automotive oil filters with new ones. The demand for automotive oil filters from the aftermarket depends on road conditions, quality of fuel, number of vehicles on the road, and miles driven.
“With increasing strictness in government regulations and upcoming new initiatives for emission reduction, the demand for enhanced oil filters is increasing,” says Faisal Ghaus, Vice President of TechNavio Research.
“To meet this demand, various blends of gasoline/alcohol and diesel/bio-diesels are also becoming popular. New-generation bio-diesels and gasoline require tougher compatibility criteria of all filter components such as rubbers, elastomers, adhesives, and other polymers.”
To define the market conditions in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
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