DUBLIN--(BUSINESS WIRE)--The "Oil Filter Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023" report has been added to ResearchAndMarkets.com's offering.
According to the report, the global oil filter market reached a value of US$ 3 Billion in 2017. The market is further expected to reach a value of US$ 4 Billion in 2023, exhibiting a CAGR of 4.8% during 2018-2023.
Flourishing automobile and automotive industries represent one of the primary drivers facilitating the growth of the global oil filter market. In recent years, the rising population has resulted in a surge in the vehicle fleet and usage of vehicles for commuting, particularly in the developing regions. This in turn, has augmented the demand for oil filters. Apart from this, stringent government regulations and various initiatives for reducing carbon emissions across various nations have also proliferated the demand for oil filters. Moreover, several manufacturers have been developing sophisticated engine designs and clean fuel levels in oil filters.
The report has segmented the market on the basis of end-use into passenger cars, commercial vehicles and two wheelers.
On a regional-basis, Asia-Pacific represents the largest market, accounting for the majority of the total share. Other major markets include North America, Europe, Middle East and Africa, and Latin America.
Based on import and export trends, the United States represents the largest importer while Germany is the biggest exporter.
Key global players: Ahlstrom, Clarcor, DENSO, MAHLE and Mann+Hummel.
Key Topics Covered
2 Scope and Methodology
3 Executive Summary
5 Global Oil Filter Market
6 Market Breakup by End-Use
7 Market Breakup by Fuel Type
8 Market Breakup by Region
9 Imports and Exports
10 Oil Filter Manufacturing Process
11 Competitive Landscape
For more information about this report visit https://www.researchandmarkets.com/research/8sv24p/global_oil_filter?w=4