The heavy duty road filtration aftermarket industry is expected to reach USD 1.01 billion by 2024, according to a new report by Grand View Research, Inc. Rising environmental concern across countries coupled with new norms issued by the government is expected to aid the aftermarket sales for heavy duty road filtration products over the forecast period.
To curb the alarming effect of air pollution, regulatory agencies has prescribed norms & tests against the automobiles. Filters used in these vehicles are an effective way to prevent these pollutions. As a result, these rules and regulations are mainly intended to ensure the proper functioning of emission systems.
Aftermarket sales of heavy-duty on-road transportation have the ability to curb the sulfur dioxide emissions levels. However, high cost associated with OEM filters is anticipated to be the major restraining factor for the overall market over the next eight years. Nevertheless, research and innovations are being carried out that would have the ability to reduce the amount of time and money, taken during manufacturing and testing sessions.
Special techniques along with expertise are also required for the installation and maintenance of aftermarket filters. Also, special attention has to be taken by vehicle owners when they tend to select filters which would match with their vehicles. Companies such as Donaldson and Clarcor are spreading awareness and technical support reach to customers that give them a better idea towards filter usage in their vehicles.
View
summary of this report @ http://www.grandviewresearch.com/industry-analysis/heavy-duty-road-filtration-aftermarket-industry
Further key findings from the report suggest:
·
Fuel filters are presumed to be the fastest
growing product segment growing at a CAGR of 7.1% over the forecast period. The
role of fuel filters is mainly to collect contaminants, debris and moisture in
the fuel system that allows the clean filtered fuel to enter the engine.
·
Construction application segment is presumed to
grow at a CAGR of 7.1% over the next eight years. Various filter types are used
in construction machines that primarily protect their hydraulic systems against
unnecessary wear.
·
Europe accounted for above 25% of the market in
2015 and is expected to continue the similar trend over the forecast period.
Though the European aftermarket for heavy duty filtration is declining owing to
changing economic conditions in Spain and France, it still holds a majority
portion of the production of automotive and hence, the aftermarket sales.
·
The industry is fragmented in nature with the
presence of both regional and international market participants. This had
resulted in increased competition between the manufacturers and the
distributors also.
·
Key companies in the industry include Cummins
Filtration. MANN+Hummel, UTI Filters, Parker Hannifin Corporation, Donaldson,
and SOFEGI Group.
Browse
more reports of this category by Grand View Research: http://www.grandviewresearch.com/industry/automotive-and-transportation
Grand View Research has segmented the global heavy duty road filtration aftermarket industry on the basis of product, application and region:
Global Heavy Duty Road Filtration Aftermarket Industry Product Outlook (Revenue, USD Million, 2014 - 2024)
·
Oil
·
Air
·
Cabin
·
Fuel
·
Others
Global Heavy Duty Road Filtration Aftermarket Industry Application
Outlook (Revenue, USD Million, 2014 - 2024)
·
Trucks & buses
·
Construction
·
Mining
·
Agriculture
Global Heavy Duty Road Filtration Aftermarket Industry Regional
Outlook (Revenue, USD Million, 2014 - 2024)
·
North America
- U.S.
·
Europe
·
Germany
·
France
·
UK
·
Italy
·
Spain
·
Russia
·
Belgium
·
The Netherlands
·
Asia Pacific
·
China
·
India
·
Japan
·
South Korea
·
Indonesia
·
Malaysia
·
Thailand
·
Middle East & Africa
·
Saudi Arabia
·
Kuwait
·
Central & South America
·
Brazil
For press release of this report - http://www.grandviewresearch.com/press-release/global-heavy-duty-road-filtration-aftermarket-industry
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