PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1290820
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1290820
The Automotive Transmission Oil Filters Market size was valued at USD 2,401.9 Million in 2022, expanding at a CAGR of 4.8% from 2023 to 2030.
Automobile transmission oil filters are made to filter out impurities from transmission fluid to maintain a smooth operation and avoid harming the transmission's components. These filters typically have a replaceable filter element inside of a metal or plastic housing that traps debris and particulates as the fluid passes through. Transmission issues might occur as a result of the filter losing efficacy and becoming clogged with particles over time. Transmission oil filter change and maintenance on a regular basis can help the transmission last longer and save money on repairs. It is advised to change the transmission oil and filter at the intervals advised by the manufacturer.
The rising demand for high-performance vehicles with cutting-edge transmission systems is one of the key factors propelling the automotive transmission oil filters market. Transmission oil filters for modern automobiles must be able to manage increased pressure, flow rates, and filtration efficiency, as well as resist challenging operating circumstances. The demand for more effective and environmentally friendly transmission oil filters is also being driven by increasing environmental legislation and sustainability concerns. As a result, producers are spending money on R&D to build more cutting-edge and efficient transmission oil filters that satisfy these specifications, which is propelling market expansion. For example, in March 2022, the EPA announced new emission restrictions for soot, smog, and other air pollutants emitted by on-highway commercial vehicles such as buses and trucks. The proposed regulation would significantly reduce the pollution and soot that come from heavy-duty commercial vehicles and buses and contribute to nitrogen oxides (NOx).
The Global Automotive Transmission Oil Filters Market is segmented on the basis of Filter Media, Vehicle Type, Technology Type, Transmission Type, Sales Channel, and Region.
The market is divided into five categories based on filter media: Cellulose, Felt, Polyester, Microglass, and Paper. The microglass segment dominates the market. Microglass filter media is the most suitable choice for use in contemporary high-performance transmission systems since it can withstand higher temperatures and more abrasive fluids than cellulose. Because of this, a lot of manufacturers are switching to Microglass filter media in the market for automotive transmission oil filters, which is anticipated to be a major growth driver in the next years.
The market is divided into two categories based on technology type: suction filters and pressure filters. While suction filters are used to remove tiny particles from fluid after it exits the pump, suction filters are often employed to remove bigger particles from transmission fluid before it enters the pump. Both kinds of filters are essential for preventing the deterioration of transmission parts and preserving the transmission system's peak performance. As a result, it is anticipated that the market for automotive transmission oil filters is expected to continue to see a rise in demand for both suction filters and pressure filters.
Geographically, this market is widespread into the regions of North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. These regions are further divided as per the nations bringing business. As they have sizable and expanding automobile markets with a high demand for transmission oil filters, nations including India, China, Japan, and South Korea are anticipated to be significant drivers of growth in the area. China continues to be the largest car market on earth in terms of both yearly sales and manufacturing output, and by 2025, domestic industry is anticipated to exceed 35 million vehicles, as reported by the International Trade Administration. According to information from the Ministry of Industry and Information Technology, approximately 26 million vehicles, comprising 21.48 million passenger cars, were sold in 2021, an increase of 7.1% from the previous year. Sales of commercial vehicles totaled 4.79 million, a 6.6% decrease from 2020.
The global market for automotive transmission oil filters is made up of both international and domestic producers due to the projected growth in demand for air conditioning, making it one of the most competitive industries in the world. There are several ways via which businesses offer their products. Manufacturers of products compete on a range of factors, such as product pricing, performance, manufacturing, technology, reputation, and availability. The introduction of new products, the growth of distribution networks, R&D expenditure, and mergers and acquisitions are some of the main strategies used by businesses to broaden their reach and increase their market share.
The scope of this report covers the market by its major segments, which include as follows: