K1002210
YASSIAN or Your's
Caterpillar
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Product Description
Market Analysis of Lubricating Oil Filters
The global market size of construction machinery filters reached $8.2 billion in 2024, with lubricating oil filters accounting for 35%. The Asia-Pacific region saw the fastest growth in demand due to the infrastructure boom (CAGR 8.7%). Trends worth noting:
The penetration rate of magnetic filters in mining machinery has reached 41%.
The price of smart filters (with RFID chips) has decreased by 15% annually.
Remanufactured filters have occupied a 28% share of the aftermarket.