SAN FRANCISCO, Oct. 21, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Oil Filters - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE
Edition: 8; Released: April 2021
Executive Pool: 378
Companies: 17 - Players covered include ACDelco; Ahlstrom-Munksjo Oyj; Cummins Filtration; Donaldson Co., Inc.; GUD Filters; Hengst SE; Hollingsworth & Vose Company; ITW AUTOMOTIVE OEM; K&N Engineering, Inc.; Lydall Industrial Filtration; MAHLE GmbH; MANN+HUMMEL Intern. GmbH & Co. KG; Neenah, Inc.; Parker Hannifin India Pvt.Ltd.; Robert Bosch GmbH; Sogefi Group; The Federal-Mogul Corporation; Tokyo Roki Co., Ltd.; Toyota Boshoku Corporation and Others.
Coverage: All major geographies and key segments
Segments: End-Use (Passenger Cars, Commercial Vehicles, Other End-Uses)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.
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Global Oil Filters Market to Reach $3.9 Billion by 2026
Amid the COVID-19 crisis, the global market for Oil Filters estimated at US$3.2 Billion in the year 2020, is projected to reach a revised size of US$3.9 Billion by 2026, growing at a CAGR of 3.3% over the analysis period. Passenger Cars, one of the segments analyzed in the report, is projected to record a 3.7% CAGR and reach US$2.1 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Commercial Vehicles segment is readjusted to a revised 2.9% CAGR for the next 7-year period.
The U.S. Market is Estimated at $880.6 Million in 2021, While China is Forecast to Reach $785.5 Million by 2026
The Oil Filters market in the U.S. is estimated at US$880.6 Million in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$785.5 Million by the year 2026 trailing a CAGR of 6.1% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 0.9% and 2.5% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 1.6% CAGR. More
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Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.
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SOURCE Global Industry Analysts, Inc.