Automotive Oil Strainer Market

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Industry Size (2022)
USD 215.9 Mn
Forecast (2032)
USD 657.1 Mn
CAGR (2022 to 2032)
8.4%

Automotive Oil Strainer Market Snapshot (2022-2032)

[250 Pages Report] The global automotive oil strainer market size is anticipated to be valued at US$ 657.1 Million in 2032. Rising number of fuel economy regulations and surging stringency of vehicle emission are expected to push sales of automotive oil strainers in the upcoming years.

As per a new report by FMI, the automotive oil strainer market is projected to reach US$ 215.9 Million in 2022 and exhibit steady growth at a CAGR of 8.4% in the forecast period from 2022 to 2032. Rapid expansion of the automotive industry across the globe is set to drive the market.

Automotive Oil Strainer Market
Automotive Oil Strainer Market
Report Attribute Details
Automotive Oil Strainer Market Estimated Base Year Value (2021) US$ 194.5 Million
Automotive Oil Strainer Market Expected Market Value (2022) US$ 215.9 Million
Automotive Oil Strainer Market Anticipated Forecast Value (2032) US$ 657.1 Million
Automotive Oil Strainer Market Projected Growth Rate (2022-2032) 8.4% CAGR

Automotive oil strainers are mainly integrated into vehicles to get hold of large-sized contaminants. These large-sized contaminants are impurities that are larger than 40 microns.

 

The demand for automotive oil strainers is likely to grow at a rapid pace in the forthcoming years stoked by their ability to hold contaminants of sizes surpassing 240-micron level. Today’s innovative oil strainers have a 60 mesh strainer container.

Stringent government regulations in various parts of the globe are expected to compel automobile manufacturers to produce efficient engines, as well as develop technologically advanced engine designs to accelerate oil filtration.

Rising demand for luxury passenger cars, especially in developed countries, such as the U.S., U.K., Germany, and Italy is another crucial factor that is estimated to augment growth.

High Demand for Safe Transportation Services to Push the Automotive Oil Strainer Market Growth

Rising demand for passenger cars backed by the entry of various international automobile manufacturers in untapped areas, as well as rising investments in the development of luxurious and safe transportation systems is expected to boost the automotive oil strainer market growth. Increasing awareness about the importance of maintaining a healthy air cabin quality is another vital factor that is likely to augment the market.

Moreover, the replacement cycle of automotive oil strainers is usually optimized because of technological advancements in filter media types. Urgent need to enhance the oil quality by separating the oil from contaminants to keep it safe and unadulterated is also projected to push the market in the assessment period.

Tough Competition among Leading Players and IAM Companies May Hinder the Automotive Oil Strainer Market Growth

The global market consists of various Original Equipment Suppliers (OES) and Independent Aftermarket (IAM). Several IAM companies present in the field of automotive oil strainers are expected to provide tough competition to the market leaders, especially in India and China.

It is likely to occur as IAM players are capable of matching the requirements of customers by delivering better quality products, compared to Tier 1 companies at a relatively low cost. Spurred by the aforementioned factors, the demand for automotive oil strainers is anticipated to surge at a fast pace in future years.

Concerns about the Environmental Impact of Air Pollutants in North America to Boost the Automotive Oil Strainer Market

According to FMI, North America is expected to remain at the forefront by generating the largest automotive oil strainer market share in the evaluation period. Increasing implementation of stringent regulations owing to the rising awareness about the environmental impact of air pollutants is likely to spur the regional market.

Besides, high average miles driven per year and large vehicle parc in Canada, Mexico, and the U.S. are some of the other major factors that are expected to drive the North America market. As per the U.S. Department of Transportation, in 2020, nearly 105,143,990 new vehicle registrations took place in the country. The number is anticipated to grow at a fast pace, thereby propelling the North America market.

Ongoing Development of Passenger Cars in India to Drive the Asia Pacific Automotive Oil Strainer Market

The presence of a large number of automotive component manufacturers in developing countries, such as China, is anticipated to foster sales of automotive oil strainers in Asia Pacific, finds FMI. Rising demand for synthetic automotive oil strainers owing to their high suitability and efficiency to any type of oil is likely to drive the regional market.

In addition to that, rapid expansion of the automotive industry in India is projected to bode well for the market. According to the India Brand Equity Foundation (IBEF), between April to October 2021, approximately 13 million vehicles were produced in the country. Also, sales of passenger vehicles reached 3.08 million units in CY21. The trend is expected to continue throughout the forthcoming years, thereby accelerating the Asia Pacific market.

Market Competition

Some of the leading players present in the global automotive oil strainer market include Triple R America, Parker Hannifin Corp., TECNECOFILTRATION, Delphi Auto Parts, Champion Laboratories, Inc., DaikyoNishikawa Corporation, VANTECH CO., LTD., ELOFIC INDUSTRIES LIMITED, ALCO Filters Ltd., Lucas Industries Ltd., and Anhui Meiruier Filter Co. Ltd., among others.

The global market is fragmented in nature with the presence of several regional and international companies. The majority of the leading players are resorting to partnerships with small-scale manufacturers, new product launches, constructive collaborations, and product design changes to surge their penetration in highly profitable areas.

Meanwhile, some of the other key players are focusing on combining various growth strategies to propel their geographical reach and increase sales of their in-house automotive oil strainers to compete with rivals.

Report Scope

Report Attribute

Details

Growth Rate

CAGR of 8.4% from 2022 to 2032

Base Year for Estimation

2021

Historical Data

2015-2020

Forecast Period

2022-2032

Quantitative Units

Volume, USD Million, and CAGR from 2022-2032

Report Coverage

Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis

Segments Covered

  • Vehicle Type
  • Cover Type
  • Sales Channel
  • Region

Regions Covered

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ
  • Japan
  • Middle East and Africa

Key Countries Profiled

  • U.S
  • Canada
  • Brazil
  • Argentina
  • Germany
  • U.K
  • France
  • Spain
  • Italy
  • Nordics
  • BENELUX
  • Australia & New Zealand
  • China
  • India
  • ASEAN
  • GCC
  • South Africa

Key Companies Profiled

  • Triple R America
  • Parker Hannifin Corp.
  • TECNECOFILTRATION
  • Delphi Auto Parts
  • Champion Laboratories, Inc.
  • DaikyoNishikawa Corporation
  • VANTECH CO., LTD.
  • ELOFIC INDUSTRIES LIMITED
  • ALCO Filters Ltd.
  • Lucas Industries Ltd.
  • Anhui Meiruier Filter Co. Ltd.

Customization

Available Upon Request

Key Segments Profiled in the Automotive Oil Strainer Industry Survey

By Vehicle Type:

  • Passenger Cars
  • Compact Cars
  • Mid-Sized Cars
  • Luxury
  • SUVs
  • Commercial Vehicles
  • LCVs (Light Commercial Vehicles)
  • HCVs (Heavy Commercial Vehicles)

By Cover Type:

  • Floating Type Automotive Oil Strainer
  • Fixed Type Automotive Oil Strainer

By Sales Channel:

  • OEMs
  • Aftermarket

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ
  • Japan
  • Middle East and Africa

Frequently Asked Questions

What is the projected size of the global automotive oil strainer market by 2032?

The global automotive oil strainer market is projected to surpass US$ 657.1 Million in 2032.

Which region is set to lead the automotive oil strainer market?

North America is set to lead the automotive oil strainer market in the forecast period.

Which are some of the renowned companies in the automotive oil strainer market?

Triple R America, Parker Hannifin Corp., TECNECOFILTRATION, Delphi Auto Parts, Champion Laboratories, Inc., and DaikyoNishikawa Corporation are some of the renowned companies in the automotive oil strainer market.

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Automotive Oil Strainer Market