In accordance with a new FMI report, the automotive oil strainer market is estimated to reach US$ 215.9 million in 2022 and grow at a CAGR of 8.4% from 2022 to 2032. In 2032, the automotive oil strainer market is predicted to be worth US$ 657.1 million.
The rapid expansion of the automotive industry around the world is anticipated to boost the automotive oil strainer market. Rising fuel economy regulations and increasing vehicle emission stringency are predicted to stimulate sales of automotive oil strainers in the coming years.
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Intense Competition for Safe Transportation Services May Compel the Expansion of the Automobile Oil Strainer Market
Rising demand for passenger cars, endorsed by the entry of various international automobile manufacturers into largely untapped markets, as well as heavy investments in the development of luxurious and safe transportation systems, are expected to spur market growth. Another important factor that is likely to strengthen the market is increased awareness about the importance of maintaining a healthy air cabin quality.
Due to the technological developments in filter media types, the replacement cycle of automotive oil strainers is points higher. The urgent need to boost oil quality by separating the oil from contaminants to keep it safe and pure is also expected to propel the market during the period of assessment.
Intensity of Rivalry among Top Names and IAM Companies to Stymie the Growth of the Automotive Oil Strainer Market
The automotive transmission oil filter market is made up of various Original Equipment Suppliers (OES) and Independent Aftermarket Suppliers (IAS) (IAM). Several IAM companies that specialize in manufacturing automotive oil strainers are scheduled to compete vehemently with industry giants.
It is likely to occur since IAM players can satisfy customer needs by delivering higher-quality products at a lower cost than Tier 1 companies. The foregoing factors are predicted to push up demand for automotive oil strainers in the years ahead.
North America
According to FMI, North America is projected to stay on top by accumulating the largest automotive oil strainer market share during the assessment period. The increased implementation of stringent regulations as a result of rising awareness about the environmental impact of air pollutants is expected to boost the regional market.
Asia Pacific
A large number of automotive component manufacturers in developing countries is expected to boost sales of automotive oil strainers in the Asia Pacific, according to FMI. Rising demand for synthetic automotive oil strainers due to their high adaptability and reliability to any type of oil is predicted to propel the local market. Furthermore, the rapid expansion of India’s automotive industry is expected to bode well for the automotive transmission oil filter market.
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Key Takeaways
- In the year 2029, the automotive transmission oil filter market is expected to be worth US$ 379.71 million.
- In the year 2025, the automotive transmission oil filter market is expected to reach US$ 275 million.
- The top five players account for more than half of the automotive transmission oil filter market. MAHALE GmbH, AC Delco, Donaldson Company, Tenneco Inc., and Toyota are among them.
- North America controls more than 40% of the automotive transmission oil filter market and may maintain its dominance in the future.
- Europe’s automotive transmission oil filter market is expected to grow at a 3% annual rate.
- Japan and South Korea are two of the top five countries propelling the automotive transmission oil filter market forward.
Market Competition
Triple R America, Parker Hannifin Corp., TECNECOFILTRATION, Delphi Auto Parts, Champion Laboratories, Inc., DaikyoNishikawa Corporation, VANTECH CO., LTD., ELOFIC INDUSTRIES LIMITED, ALCO Filters Ltd., Lucas Industries Ltd., and Anhui Meiruier Filter Co. Ltd. are among the key players in the automotive oil strainer market.
The automotive transmission oil filter market is fragmented, with several regional and international companies present. To increase their penetration in highly profitable areas, the majority of the leading players are turning to partnerships with small-scale manufacturers, new product launches, constructive collaborations, and product design changes.
Key Segments Profiled in the Automotive Oil Strainer Industry Survey
By Vehicle Type:
- Passenger Cars
- Compact Cars
- Mid-Sized Cars
- Luxury
- SUVs
- Commercial Vehicles
- LCVs (Light Commercial Vehicles)
- HCVs (Heavy Commercial Vehicles)
By Cover Type:
- Floating Type Automotive Oil Strainer
- Fixed Type Automotive Oil Strainer
By Sales Channel:
- OEMs
- Aftermarket
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- APEJ
- Japan
- Middle East and Africa
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Recent Development
- Agreement
Parker Hannifin Corporation, a global leader in motion and control technologies, announced that it has reached an agreement on the terms of a recommended cash acquisition of Meggitt, a global leader in aerospace and defence motion and control technologies.
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