Registering a CAGR of 3% over the forecast period of 2019-2025, the global automotive transmission filter market is anticipated to reach the market value of US$ 1153.3 million in the year 2025 form US$ 1024.3 in the year 2019.
In case of passenger cars with manual transmission, the installation rate of automotive transmission oil filters is less when compared to those with automatic transmission, DCT or CVT. However, the rate has increased in recent years due to strict government norms which can be because of efforts towards reduction of CO2 emissions, higher fuel efficiency in vehicles and long lasting & reliable operation.With every change in transmission fluid, automotive transmission oil filters are replaced, a factor like these will play an important role in the growth of the market. The ley players in the market are Tenneco, Toyota, Donaldson Company Inc, AC Delco and MAHALE GmbH who combine possess a market share of more than 50%.
Recently, Demand for automatic transmissions is increasing—and thus also demand for services for this type of transmission. Following the successful first automatic transmission service unit generation, MAHLE Service Solutions is now bringing the next generation to the market. The new ATX 180 offers workshops an even easier, quicker, and more precise automatic transmission service according to the E³ principle by MAHLE Service Solutions.
Top Key players in the Automotive Transmission Filter Market have been identified through secondary research, and their market shares have been determined through primary and secondary research. The global Automotive Transmission Filter Market is fragmented with a large number of small players operating worldwide. The companies referred in the market research report includes Mann-Hummel, MAHLE, Cummins Filtration, Toyota Boshoku, Fram, Filtration, Donaldson, Parker Hannifin, AC Delco, Freudenberg, Hengst, Febi Bilstein, Sure Filter Technology and others.
Global Automotive Transmission Filter Market research provides a detailed Analytical Insights of global market size, regional and country-level scope, segmentation wise growth, global share, Competition Scenario, sales analysis, impact global market players on domestic players, value chain optimization, trade regulations, Latest developments, future opportunities, product launches, expanding marketplaces, and New technological innovations.
The report offers in-depth assessment of the growth and other aspects of the Automotive Transmission Filter Market in important regions, including the U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, Taiwan, Southeast Asia, Mexico, and Brazil, etc. Key regions covered in the report are North America, Europe, Asia-Pacific and Latin America.
North America is projected to be the largest aftermarket for automotive filters during the forecast period. The large vehicle parc and high average miles driven per year in countries such as the US and Mexico are driving the automotive filters market in this region. In North America, the large vehicle parc is attributed to passenger cars and LCVs. However, in Asia Pacific and Europe, vehicle parc is dominated by the contribution of passenger vehicles as the sales of LCVs are very less in these regions. The automotive filters OE value market is smaller than the filters aftermarket. In the OE market, filters are installed in vehicles only once, which is during their production. While in the aftermarket, filters are replaced at a regular interval after certain miles driven. This ultimately increases the filters aftermarket size as compared to the OE market in North America.
The report incorporates in-depth assessment of the competitive landscape, product market sizing, product benchmarking, market trends, product developments, financial analysis, strategic analysis and so on to gauge the impact forces and potential opportunities of the market. Apart from this the report also includes a study of major developments in the market such as product launches, agreements, acquisitions, collaborations, mergers and so on to comprehend the prevailing market dynamics at present and its impact during the forecast period 2021-2026. The report presents the analysis of Automotive Transmission Filter Market for the historical period of 2017-2021 and the forecast period of 2021-2026.
The key insights of the report have been presented through the frameworks of Major Mergers & Acquisitions, Technological Innovations, and Role of Manufacturers during COVID19 Pandemic. Additionally, the major opportunities, trends, drivers and challenges of the industry has been analyzed in the report.
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Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.