Asia Pacific is the fastest growing region; countries like China and India are evolving as the automotive hub contributing the maximum share in the automotive industry. The region has left North America and Europe behind in terms of volume however these regions still excel in terms of technology. The rising share of Asia-Pacific in automotive sector is fuelled by rising economy, relaxed trade policies and increasing disposable income of the consumers. The growing concern of the consumers and government of the region regarding the rising levels of green house gases out of which automobiles contribute to 14% of the total carbon dioxide in the atmosphere has resulted in the rising demand of the fuel filters. The demand of fuel filters can be linked directly with the vehicle production which is showing the increasing trend in the region. Thus the demand of fuel filters is also at inclination.
The fuel filter are responsible of cleaning the particles if any in the fuel before it hits the injectors thus keeping the injectors cleans enabling them to function properly. Countries constituting Asia Pacific like India, South Korea, Japan, China and Thailand are the automotive hub constituting a significant share globally. The increasing environmental consciousness in the region has compelled government to introduce strict emission norms giving the fuel filter market to grow at faster rate. After market plays a greater role in the segment as the replacement of the filters at a regular time interval is very important. Price of the gasoline are going high in the region due to which people are adopting low quality fuel which produces large amount of co2 and other green house emission thus reducing the life of the fuel filter. Thus, this reduces the replacement period of fuel filters increasing the opportunities for the after-market supplier.
The report Asia-pacific fuel filter market covers the major countries of the region and is segmented based on vehicle type (Passenger cars, LCVs & HCVs), fuel type (Gasoline & Diesel). The study show that the Asia-Pacific fuel filter market will grow at a CAGR of 13.1% during the period 2013 to 2018 generating revenue of $536.78 Million by 2018. Further the report gives a technological overview introducing new technologies being used to develop the fuel filters for automobiles. The report includes the company profile of key market players in the field of fuel filters. It covers qualitative data providing a comprehensive review of major market drivers, restraints and opportunities, winning imperatives and key burning issues in automotive Asia-Pacific fuel filter market.
Key question answered
- What are the market estimates and forecasts for the Asia-Pacific fuel filter market?
- What are the trends based on the key countries of the region?
- Identification of market dynamics and impact of the same on Asia-Pacific fuel filter market
- Analysis of recent developments, alliances, joint ventures, and mergers & acquisitions in the fuel filter market
Audience for this report
- Manufacturer of global fuel filter companies
- Suppliers for fuel filter market manufacturers
- Traders, distributors, and suppliers in the Asia-Pacific fuel filter market
- Automobile associations
- Automotive industry as end user industry
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North America Fluid Filter
The North American fluid filter market is estimated to grow from $97.76 million in the year 2013 to a projected value of $190.93 million by the year 2018 at a rate of 14.3%. It constitutes 13.27% of the Global fluid filter market and is poised to grow its market share to 14.74% by the end of 2018. Stringent emission norms and environmental regulations have made OEMs to adopt technologies leading to lower emissions. The increasing research and development for developing more advance products has led to the introduction of technologies which has increased the life of the filters. However the large use of vehicle for daily activities, preference of private vehicles over public transport has reduced the life of filters thus replacement of filters takes place frequently.
Europe Fluid Filter
The Europe automotive fuel filter market is estimated to grow at a CAGR of 9.2% during 2013 to 2018 reaching a value of $294.56 Million by 2018. The increasing CO2 emission in the environment by the automobiles has caused the government to impose stringent emission norms. This has caused the regulated use of filters and its replacement at regular intervals has increased the market of filters in the region.
Asia-Pacific Fluid Filter
The Asia-Oceania automotive fuel filter market is estimated to grow at a CAGR of 13% during 2013 to 2018 generating a revenue of $732.12 Million by the end of 2018. Owing to the stable economic conditions resulting into the rising purchasing power of the individuals has increased the vehicle production in the region.The rising consciousness regarding the environment has pushed the government of the region to impose regulation norms which is driving the future of filter market which are responsible of restricting the entry of unwanted particles present in the fuel to reach injectors allowing them to function smoothly. This decreases the carbon vehicle emission in the atmosphere. After market plays an important role since in the region fuel used is dirty and also the diesel which consists of high particulate matter is getting popular hence the replacement of these filters will take place frequently opening the opportunities for after-market players.