Automotive Transmission Oil Filter Market 2022 – Report Scope
The global automotive transmission oil filter market was estimated at US$ 2.5 Bn in 2022, and is projected to exhibit a CAGR of 4.5% during the forecast period of 2021-2031.
The growth of the Automotive Transmission Oil Filter market can be attributed to the increasing demand for Automotive Transmission Oil Filters from the automotive industry. Asia Pacific is projected to be the fastest-growing region in the Automotive Transmission Oil Filter market during the forecast period.
Persistence Market Research (PMR) recently published a study report on the global automotive transmission oil filter market. The report provides detailed valuation on key market dynamics, such as the drivers, trends, opportunities, and restraints, along with detailed information about the automotive transmission oil filter market structure. This market research report presents exclusive facts and figures about how the global automotive transmission oil filter market will grow over the forecast period of 2019-2029.
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Automotive transmission oil filters are gaining significant traction in the market due to their multiple benefits – smooth operation of vehicles, improved fuel efficiency, and reduced carbon emissions. High demand for automotive transmission oil filters is being witnessed for use in both, luxury and commercial vehicles. The high replacement rate of automotive transmission oil filters in agricultural and commercial vehicles will primarily drive overall aftermarket growth.
In areas like Europe and Asia Pacific, manual transmission passenger automobiles account for a significant portion of the market. In China and India, respectively, one-half and three-fourths of all passenger automobiles have manual transmissions. Comparing passenger automobiles with manual transmission to those with automatic transmission, CVT, or DCT, the installation rate of automotive transmission oil filters is lower.
The study is relevant for stakeholders in the automotive transmission oil filter market, as well as manufacturers, distributors, suppliers and investors, as it can help them understand applicable strategies to grow in the market. Stakeholders, investors, industry experts, researchers and journalists as well as business researchers in the automotive transmission oil filter market can leverage the information and statistics presented in PMR’s research report.
- MAHLE GmbH
- Donaldson Company Inc.
- AC Delco
- Tenneco Inc
- ZF Friedrichshafen AG
- Cummins Filtration
- Hitachi Automotive System Ltd.
- ALCO Filters Ltd.
- FRAM GROUP IP LLC and more
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Key Takeaways of Automotive Transmission Oil Filter Market Study
- Automatic transmission (AT) vehicles have gained higher demand owing to worsening traffic congestions and rising emphasis on ride comfort. Relatively higher installation rate of transmission oil filters in AT vehicles is creating substantial growth opportunities for the market.
- Transmission oil filters are increasingly being utilized in compact and mid-size passenger vehicles. However, the replacement rate for transmission oil filters in tractors is comparatively higher than passenger and commercial vehicles.
- Vehicle owners prefer authorized service stations until the end of the warranty period. After that, independent service stations gain an upper hand due to their affordability.
- Reusable filters are nearly ten times more expensive than disposable ones, and find significant application in sport and racing or super cars.
- Pressure filters are more often preferred in vehicles with manual transmission, dual clutch transmission, and continuously variable transmission systems, which require high-level purity of transmission fluid.
- Polyester media, owing to the use of synthetic materials, is anticipated to be the prominent choice for transmission oil filter manufacturers.
“Manufacturers of automotive transmission oil filters are using high-quality nonwoven composite media to improve fluid filtration and ensure long-lasting transmission. Out of every 100 filters sold around the world, less than ten filters are sold through online sales channels; however, the ratio is expected to increase in the favor of the online segment by end of the forecast period,” says a PMR Analyst.
Automotive Transmission Oil Filter Market: Research Methodology
In PMR’s research report, exclusive research methodology is utilized to conduct comprehensive research on the development of the automotive transmission oil filter market and reach conclusions on the future growth factors of the market. In this research methodology, secondary and primary research is utilized by assistant analysts to ensure precision and reliability of the conclusions.
Secondary resources are referred by analysts during the evaluation of the automotive transmission oil filter market study, which comprise of the facts and figures from the World Bank, OEM websites, government websites, white papers, trade journals, and external and internal databases.
Analysts have thoroughly interviewed several industry experts, such as sales supervisors, sales operation managers, product portfolio managers, senior managers, market intelligence managers, marketing/product managers, and production managers to provide insightful information.
Comprehensive information acquired from primary resources and secondary resources is validated from companies operating in the market to make PMR’s projection on growth prospects of the automotive transmission oil filter market more accurate and reliable.
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Key Questions Answered in PMR’s Automotive Transmission Oil Filter Market Report
Which region is anticipated to hold a prominent market share over the forecast period?
What will be the key driving factors propelling demand for automotive transmission oil filters during the forecast period?
How will current trends impact the automotive transmission oil filter market?
Who are significant market participants in the automotive transmission oil filter market?
What are the crucial strategies of prominent players in the automotive transmission oil filter market to upscale their positions in this landscape?
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