The production of oil filters, petrol filters, and intake air filters in Germany is forecasted to experience a gradual increase in the coming years. In 2023, the value of production stood at an actual 1.55 billion Euros, serving as a baseline for subsequent projections. Over the forecasted period from 2024 to 2028, the production is expected to grow annually, with a year-on-year increase ranging from approximately 0.95% to 1.12%. This indicates a steady upward trend, resulting in a projected CAGR of around 1.07% over these five years.
Future trends to watch for include potential market disruptions caused by the increasing adoption of electric vehicles, which could reduce demand for traditional combustion engine components. Additionally, technological advancements in filter materials and regulations aimed at reducing emissions may influence production practices and market dynamics in this sector.
