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Automotive Hydraulic Oil Filters Market by Type (Bag Filter, Screen Filter, Magnetic filter), Application (Passenger Cars, Commercial Vehicle) Region Industry Growth 2021-2027

Format: PDF | Pages: 355 | Report ID: MRS1007


Report Description

The global Automotive Hydraulic Oil Filters market size is estimated at USD 800.6 million in 2020, expanding at a CAGR 4.3% from 2021-2027 to reach 1,908.8 million USD in 2027.

Market Dynamics

An automotive oil filter is a filter designed to remove contaminants from engine oil, transmission oil, lubricating oil, or hydraulic oil. The rising vehicle production which directly impacts the filter market is expected to grow at a significant level during the forecast period. For instance, According to the ACEA (European Automobile Manufacturers’ Association), passenger car production hit 78.6 million in 2018, with the Asia Pacific and North America estimated to be the leading regions. A steady recovery in vehicle production post the COVID-19 impact is expected to drive the market growth for automotive filters.

In addition, the growing demand for energy fuel-efficient filters in the market is anticipated to fuel the market growth during the forecast period. Moreover, advances in the automotive industry in the past few years and growing technological explorations are projected to drive the automotive hydraulic filters market besides the wide range of functions of automotive hydraulic filters for an immense range of advantages such as longer combustion engine service life, optimum efficiency, gas mileage enhancement and more during the forecast period.

Based on application, commercial vehicles witnessed to grow at a very fast pace during the forecast period. This is attributable to the production and population across the globe.

Regionally, APAC holds 36% of the market share in 2019 and is expected to register its dominance during the forecast period. Asia-Pacific region comprises countries such as China, India, and Japan. The region is dominated by developing countries like India, Japan, and China, where the automotive industry is growing at a very fast pace. Moreover, the growing demand for vehicles in developing economies, stringent governmental policies regarding vehicle emissions, and increasing adoption of personal vehicles for daily commutes are driving the Asia-Pacific Automotive Oil Filter Market. APAC is followed by North America and Europe, Latin America.

On the other hand, North America is anticipated to hold a 28% market share of the global market over the forecast period. The automotive filters aftermarket in North America is driven by the factors such as people’s awareness about the advantages offered by the filter and the people’s practice of do-it-yourself service in the region.

The merger & acquisitions and product launches play an important role in the company's expansion and remain competitive in the market. Some of the prominent players are Pall Corporation, HYDAC Technology Corporation, Parker Hannifin Corporation, Baldwin Filters Inc., and SMC Corporation. Recently, In March 2020, In March 2020, Donaldson and Geotab (Canada), a leading player in IoT and connected transportation, announced a new integration that will enable Geotab customers to utilize Donaldson’s wireless Filter Minder monitoring system, which is a first-of-its-kind remote, wireless filter-monitoring system for trucks and heavy-duty equipment. Filter Minder provides real-time engine filter performance data to help fleet operators optimize vehicle maintenance and improve productivity.

The report begins with an overview of the Industry Chain structure and describes the industry environment, and then analysis market size and forecast of the Automotive Hydraulic Oil Filters Market by type, application, and region. In addition, this report introduces the market competition situation among the vendors and company profile, besides, market price analysis and value chain features are covered in this report.

Company Coverage (Company Profile, Sales Revenue, Price, Gross Margin, Main Products, etc.):

  • Pall Corporation
  • HYDAC Technology Corporation
  • Parker Hannifin Corporation
  • Baldwin Filters Inc.
  • SMC Corporation
  • Rexroth Bosch Group
  • Donaldson Company Inc.
  • UFI Filters SPA
  • Mahle GmbH
  • Schroeder Industries
  • Others

Type Coverage (Market Size & Forecast, Main Consumer Analysis, etc.):

  • Bag Filter
  • Screen Filter
  • Magnetic filter

Application Coverage (Market Size & Forecast, Main Consumer Analysis, etc.):

  • Passenger Cars
  • Commercial Vehicle

Region Coverage (Regional Consumption, Demand & Forecast by Countries, etc.):

  • North America (U.S., and Canada)
  • Europe (Germany, U.K., France, Italy, Spain, etc.)
  • Asia-Pacific (China, India, Japan, Indonesia, Malaysia, Australia, South Korea, etc.)
  • South America (Brazil, Mexico, Argentina, etc.)
  • Middle East & Africa (Saudi Arabia, Kuwait, UAE, South Africa, etc.)

Frequently Asked Questions

The global Automotive Hydraulic Oil Filters market size is estimated at USD 800.6 million in 2020, expanding at a CAGR 4.3% from 2021-2027 to reach 1,908.8 million USD in 2027.
North America captured the highest revenue in 2021 and is projected to continue its dominance during the study period.
The global industry is growing at a promising growth rate over the study period.
Asia Pacific (especially China, and India) region is projected to grow at the fastest growth rate during the study period.
The merger & acquisitions and product launches play an important role for the company expansion and remain competitive in the market. Some of the prominent players are Pall Corporation, HYDAC Technology Corporation, Parker Hannifin Corporation, Baldwin Filters Inc., and SMC Corporation.

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