August 07, 2023 07:48 ET | Source: Transparency Market Research Transparency Market Research
Wilmington, Delaware, United States, Aug. 07, 2023 (GLOBE NEWSWIRE) -- Transparency Market Research Inc. - The global automotive oil filter market is projected to flourish at a CAGR of 0.2% from 2022 to 2031. As per the report published by TMR, a valuation of US$ 4.3 billion is anticipated for the market in 2031. As of 2023, the market for automotive oil filters is expected to close at US$ 4.21 billion. Air Compressor
A rising automotive sector and increasing awareness of vehicle maintenance contributed to market expansion. Increasing vehicle sales such as passenger cars, commercial vehicles, and motorcycles, has driven the need for automotive oil filters.
The expansion of the global vehicle fleet has been a significant driver for the automotive oil filter market. As vehicles age, they require regular maintenance, including oil filter replacement,