n n n ‘. concat(e. i18n. t(“search. voice. recognition_retry”),’n
Dublin, December 08, 2023 (GLOBE NEWSWIRE) — The report “Indonesia Oil and Fuel Filters Market Outlook: Market Forecast Through Vehicle, Through Sales Channel, Through Filter Type, Through Filter Media and Competitive Landscape” has been added to ResearchAndMarkets. com offers.
Indonesia Oil and Fuel Filter market revenue size is projected to grow at a CAGR of 5.8% from 2023E-2029
The automotive industry is one of the primary pillars supporting the development of the industrial sector and the overall national economy, as evidenced by the growth of the transportation and shipping industry by 21.27% in 2021-2022 and as estimated almost 4% of Indonesia’s GDP comes from the car industry alone.
According to government statistics, about $9 billion has been invested in the automotive industry, which will result in the production of 2. 35 million cars in 2021. In addition, sales tax discounts filed through the government for cars are expected to increase their use and functionality. of automotive components, while reducing sales disruptions and driving the expansion of the automotive industry in the coming years.
The increasing demand for advertising cars along with car fleets would lead to an increase in the demand for oil and fuel filters in the near future. Indonesian Oil & Fuel Filter Market Overview
Indonesia’s oil and fuel market following the COVID-19 pandemic, in 2020, was negatively impacted by a decline in car sales caused by border closures, lockdowns, and supply chain disruptions. fountain.
The disruptions were further exacerbated by limitations on imports of many critical vehicle components, as well as a global shortage of semiconductor chips used in automobiles. However, with a double-digit growth rate of 17. 82% in 2021, Indonesia’s automobile sector has witnessed normal growth.
A total of 1. 79 million passenger cars and advertising vehicles were produced annually in 2022, propelling the market to similar sub-sectors to witness an expansion momentum. Indonesia’s growing vehicle fleet is expected to drive the demand for oil and fuel filters in the long term due to the need to replace more oil filters to improve engine performance.
Market through the vehicle
Passenger cars accounted for the highest revenue and volume share in 2022 and are expected to witness the same in coming years owing to the rise in production and sales of ICE coupled with the rising fleet.
Market through the sales channel.
Aftersales segment is expected to grow the most in the Indonesia Oil And Fuel Filter market during the forecast period, owing to the higher frequency of changing of oil and fuel filters in old vehicles to enhance engine performance and fuel efficiency which could enhance the longevity of engine and components and prevent costly repairs.
Market through filter type
Oil filters accounted for the majority of gains and volume percentage in 2022 and are expected to see the same long-term trend due to the need to upgrade oil filters to improve the longevity and functionality of the ICE.
Marketing through filter media
Synthetic laminated filters in the Indonesian oil and fuel market accounted for the percentage of profit and volume in 2022 and would witness the same trend in the long term due to wider application and popularity among OEMs due to their increased durability.
Key Highlights of the Report
Indonesia Oil And Fuel Filter Market Overview
Indonesia Petroleum and Fuel Filters Market Outlook
Indonesia Oil and Fuel Filter Market Forecast
Indonesia Fuel and Oil Filters Market Historical Data and Revenue Forecast 2019-2029F
Indonesia Petroleum and Fuel Filters Market Revenue Historical Data and Forecast, Through Vehicles, 2019-2029F
Indonesia Fuel and Oil Filters Market Historical Data and Revenue Forecast, Up to Sales, 2019-2029F
Indonesia Oil & Fuel Filters Market Historical Data & Revenue Forecast, Through Filter, 2019-2029F
Historical Knowledge and Profit Forecast of Indonesia’s Oil and Fuel Cleanup Market, Through Cleanup Media, for the 2019-2029F Era
Industry Factors and Limitations
Industry Life Cycle
Porter’s Five Forces Analysis
Impact Analysis of COVID-19
Industrial trends
Indonesia Oil And Fuel Filter Market Import-Export Trade Statistics
Key Indicators
Company Classifications
Competitive Benchmarking
Company Profiles
Key Policy Recommendations
Company Profiles
Anugerah Sejahtera Spare Parts
Sakura Filter
Parker Hannifin Corporation
Micfil Ultra Fine Filter Gmbh
K Engineering
Ahlstrom
Bosco
Duta Nichirindo Pratama
Pt Jimco Sukses
Market Scope and Segmentation
By vehicle
Passenger Cars
LCV (Light Commercial Vehicle)
HCV (Heavy Duty Vehicle)
By Sales Channel
OEM
Secondary Market
By Filter Type
Oil Filter
Fuel Filter
By Filter Media
Cellulose
Synthetic Laminate
Pure Glass
For more data on this report, https://www. researchandmarkets. com/r/cvldks
About ResearchAndMarkets. com ResearchAndMarkets. com is the world’s leading source for foreign market research and market knowledge reports. We provide you with the latest knowledge on foreign and regional markets, key industries, larger companies, new products, and the latest trends.