Asia-Pacific Oil Filter Market

Asia-Pacific is evolving as the potential market in the field of automotive sector. The region is taking the increasing share of global vehicle sales and is the only major market expected to see strong growth over the next few years. Countries like China, Japan and India are evolving as the automotive hub in the region. The growing demand of the vehicle owing to the economic growth, increasing middle class population and increased disposable income of the consumers has resulted into the accelerated vehicle production in Asia-Pacific.

Asia pacific houses the countries with highest vehicle production rate, the oil filter market can be linked directly with the vehicle production. The increasing demand of automobiles in the region has made it the potential market for various companies to build their business and lure the advantage. At present automobiles contribute about 14.0% of total carbon dioxide in the atmosphere; with the rising pollution content the governments throughout the region have introduced stringent emission norms and environmental regulations. China follows European emission standards, in India Bharat Stage emission standards equivalent to European standards are instituted by the government. Various technologies are being developed and implemented by the OEMs to control emissions and improve fuel efficiency of the automobiles. OEMS are concentrating more on fuel efficiency technologies to be implemented in the middle segment of the automobiles. The increasing environmental consciousness in the region has compelled government to introduce strict emission norms giving the oil 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.

The automotive oil filter market is estimated to grow at a CAGR of 12.7 % during the period of 2013 to 2018 and will reach a value of $195.78 million by 2018. The report Asia-Pacific oil filter market covers the major countries of the region and is further segmented based on vehicle type (Passenger cars, LCVs & HCVs) and fuel type (Gasoline & Diesel). The growing awareness of environment among the consumers globally will drive the market in the future taking it to the new heights where regular replacement of these filters will open opportunities to the after-market suppliers. Further the report gives a technological overview introducing new technologies being used to develop the oil filters. The report includes the company profile of key market players in the field of oil filter market. 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 oil filter market.

Key question answered

• What are the market estimates and forecasts for the Asia-Pacific oil 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 oil filter market
• Analysis of recent developments, alliances, joint ventures, and mergers & acquisitions in the oil filter market

Audience for this report

• Manufacturer of Asia-Pacific oil filter companies
• Suppliers for oil filter manufacturers
• Traders, distributors, and suppliers in the  Asia-Pacific oil filter market
• Automobile associations
• Automotive industry as end user industry

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