Automotive Oil Filter Market Insights, Forecast to 2025
Verfasser: riyasharma24mr on Thursday, 6 June 2019The automotive oil filter is designed to remove dirt from engine oil which helps to lubricate internal vehicle parts. These oil filters are very small in size and help in increasing engine life, reducing emission and also leads to low fuel consumption. There are various types of oil filters used in vehicles such as cartridge and spin-on, high-efficiency oil filters, magnetic oil filters, etc.
In terms of region, the global Automotive Oil Filter market can be segmented into North America, Europe, Asia Pacific, and Middle East & Africa. Asia Pacific is likely to hold a prominent share of the global market due to high vehicle production in the region.
The market in Latin America is anticipated to expand at a substantial growth rate during the forecast period. GDP of countries in Latin America is expanding at a significant growth rate. Moreover, increase in the number of production plants for passenger and commercial vehicles due to high demand for these vehicles and presence of rapidly expanding economies such as Mexico and Brazil are anticipated to drive the market in the region. The light commercial vehicles sub-segment of the market in North America is expanding at substantial pace due to extensive usage of these vehicles to transport daily goods in the region.
Report Sample includes:
- Table of Contents
- List of Tables & Figures
- Charts
- Research Methodology