Global Internal Combustion Engine & Related Filters Market By Type, Market and Region
NEW YORK, June 7, 2017 /PRNewswire/ -- Continued growth in the global motor vehicle park will support internal combustion engine filter sales expansion.
Global demand for internal combustion engine and related filters will be bolstered by a healthy outlook for the global motor vehicle park, particularly in developing countries such as China and India. Automotive production increases will also support demand increases, although the majority of demand for these products is found in the aftermarket. Increasing use of less established products such as cabin air and diesel particulate filters will also support growth.
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Key Findings in the Internal Combustion Engine & Related Filter Markets Study
Rapid Growth in Developing World Markets
The strongest increases in internal combustion engine filter sales in percentage terms will be found in the Africa/Mideast region, followed by the Asia/Pacific region. Growth in these regions will be supported by rapidly expanding motor vehicle parks in a number of developing countries. Furthermore, as income levels rise in many of these countries, vehicle owners will be better able to adhere to recommended filter replacement intervals. Motorcycles are also often used as a primary means of transportation in these regions, supporting a large and growing replacement filter market.
Diesel Particulate Filters Lead to Strong Filter Growth in Western Europe
European Union emission standards have led to diesel particulate filters being effectively required on diesel light vehicles utilized in member countries. Filter demand in the region has been bolstered as manufacturers have had to incorporate these expensive products into their diesel light vehicles. Going forward, sales will be supported as these filters age and need replacing in vehicles in use.
Study Coverage
This study presents historical demand and shipment data (2005, 2010, and 2015) and forecasts (2020 and 2025) on a country-by-country basis. Demand is broken out by product (oil filters, air intake filters, fuel filters, and other filter types) and by market (motor vehicles, other transportation equipment, and off-highway equipment and other markets).
Read the full report: http://www.reportlinker.com/p04895351/Global-Internal-Combustion-Engine-Related-Filters-Market-By-Type-Market-and-Region.html
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