Global Oil Filter Market Share, Size, Price Trends And Forecast (2018-2023)

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Global Oil Filter Market Fuelled by Flourishing
Automobile Industry
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Report Description and Highlights
Report Description
Global Oil Filter Market Fuelled by Flourishing
Automobile Industry The global oil filter
market has been witnessing a positive growth over
the past few years. This can be attributed to the
significant increase in the production of
vehicles across emerging countries and
introduction of stringent regulations by various
governments to decrease carbon emissions
generated by automobiles. Oil filter is a device
which is specifically designed for eliminating
foreign particles and impurities from different
types of automotive oils such as transmission,
engine, hydraulic and lubricating oil. In case
the oil is left unfiltered for a longer period of
time, it can get saturated and damage the bearing
surfaces of the engine. Oil filters eliminate
dirt and sludge which enables the engine to
function smoothly while reducing emissions as
well as decreasing the annual consumption of
fuel. In addition to this, these filters help in
monitoring the pressure and cooling the oil,
leave no oil residue and are easy to replace. A
new research report by IMARC Group, titled Oil
Filter Market Global Industry Trends, Share,
Size, Growth, Opportunity and Forecast
2018-2023, estimates that the global oil filter
market was worth US 3 Billion in 2017. The
report further anticipates the market to cross
US 4 Billion by 2023, at a projected CAGR of
nearly 5 over the forecast period.
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Report Description and Highlights
Report Description

• Global Oil Filter Market Drivers/Constraints
• There has been a significant rise in the
  production of commercial vehicles owing to an
  upsurge in construction activities in the urban
  areas. This is one of the major factors which has
  been driving the growth of the market.
• Governments of numerous nations have introduced
  various regulations to limit the rising amount of
  greenhouse gases and pollutants generated by
  automobiles. This has, in turn, contributed
  towards an augmented demand for oil filters
  across the globe.
• Some of the factors which have been positively
  influencing the market growth include flourishing
  automotive industry as well as the development of
  sophisticated engine designs and clean fuel
  levels in oil filters by various manufacturers.
• There has been a rapid rise in the demand for
  electric vehicles across the globe which is
  considered to be one of the major factors
  impeding the growth of the global oil filter
  market.
• Read more here https//www.imarcgroup.com/oil-fil
  ter-market

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Report Description and Highlights
Report Description
End-Use Insights On the basis of end-use, the
market has been segmented into passenger cars,
commercial vehicles and two-wheelers. Amongst
these, passenger cars represent the largest
segment owing to changing lifestyles, rising
disposable incomes and improving economic
situations across emerging nations. Fue
l Type Insights Based on fuel type, the market
has been segregated into gasoline and diesel.
Currently, gasoline holds majority of the market
share, whereas diesel is expected to grow rapidly
over the next few years. Request Sample Of The
Report https//www.imarcgroup.com/request?typere
portid865flagB
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Report Description and Highlights

• Regional Insights
• On a geographical front, Asia-Pacific represents
  the largest market for oil filters. This can be
  attributed to an increase in the production of
  vehicles in countries such as China, Japan,
  India, and South Korea. The other major markets
  include North America, Europe, Middle East and
  Africa, and Latin America.
• Import and Export Insights
• The report has also analysed the import and
  export trends of the global oil filter market
  according to which the United States represents
  the largest importer, whereas Germany is the
  biggest exporter of oil filters.
• Competitive Landscape
• The market is highly fragmented in nature with
  the presence of numerous small and large
  manufacturers who compete in terms of prices and
  quality. Some of the leading players operating in
  the market are
• Ahlstrom
• CLARCOR Inc.
• DENSO
• MAHLE
• MANNHUMMEL

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Report Description and Highlights

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Report Description and Highlights
Report Description

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