After the economic downfall of 2009 the region has recovered well and so the automotive sector which contributes a large share to make the economy stable. The Europe automotive industry is the well settled sector and highly competitive market with 40 companies offering their products in each of the automobile segment. The major OEMs in the region are focusing on most cost-effective technologies capable of being deployed on mass produced models to significantly reduce the carbon footprint of their lineup. This is the driving factor of the fuel filter market in the region.
Europe government has imposed stringent emission norms and fuel efficiency norms to control the increasing levels of green house gases in the atmosphere. Fuel filters play an important role in this and thus the demand of high technology fuel filter is increasing in the region. With the increasing CO2 emission in the environment by the automobiles, the regulated use of oil filters and replacement of it at regular intervals has increased the market of oil filter in the region. Consumers are also inclined to environmental friendly means of transport thus replacement of oil filters is common at regular intervals giving aftermarket suppliers great opportunity to grow. Diesel which is gaining consumer preference due to its low prices in Europe, contains more particulate matter in comparison to other automobile fuels; it is less costly and is getting quite popular in commercial vehicles. In order to regulate emission caused by burning of diesel, high quality of filters must be incorporated in the vehicles. Diesel filter market is evolving with great potential for many manufacturers to grow.
The report Europe 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 Europe fuel filter market will grow at a CAGR of 9.5% during the period 2013 to 2018 generating revenue of $220.46 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 Europe fuel filter market.
Key question answered
- What are the market estimates and forecasts for the Europe 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 Europe fuel filter market
- Analysis of recent developments, alliances, joint ventures, and mergers & acquisitions in the Europe fuel filter market
Audience for this report
- Manufacturer of Europe fuel filter companies
- Suppliers for Europe fuel filter market manufacturers
- Traders, distributors, and suppliers in the Europe fuel filter market
- Automobile associations
Automotive industry as end user industry
Please fill in the form below to receive a free copy of the Summary of this Report
Please visit http://www.micromarketmonitor.com/custom-research-services.html to specify your custom Research Requirement
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.