The automotive industry of North America accounts for 40% of all trade in the region. Since early 1980s automotive industry has become highly integrated sector in the region, after going through the recession in latter 2008 the North America automotive industry has shown significant growth owing to the linearization of trade and investment auto-firms in the region are expanding and integrating production operations. Countries like Mexico and USA coming up as the hub of automotive industry, the automobile demand in the region is increasing at the faster rate comparatively.
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. The government throughout the world has imposed stringent emission norms and environmental regulations on the original equipment manufacturers over emission control and fuel economy. OEMs have made their priority to adopt technologies leading to lower emissions. Thus the demand of fuel filter is high throughout the world. Filters with low cost, small size and high efficiency are in demand, OEMs are pushing manufacturers to develop the filters in order to meet the consumer requirements. This has given large opportunity to manufacturers to grow.
The report North America 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 North America fuel filter market will grow at a CAGR of 15.5% during the period 2013 to 2018 generating revenue of $143.78 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 North America fuel filter market.
Key question answered
- What are the market estimates and forecasts for the North America 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 North America fuel filter market
- Analysis of recent developments, alliances, joint ventures, and mergers & acquisitions in the North America fuel filter market
Audience for this report
- Manufacturer of North America fuel filter companies
- Suppliers for North America fuel filter market manufacturers
- Traders, distributors, and suppliers in the North America 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.