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(CityRegions.Com, January 11, 2017 ) The oil filter is basically designed to remove contaminants from lubricating oil, transmission oil, hydraulic oil and engine oil. They are used in various types of hydraulic machineries. On the other hand, fuel filters are designed to remove dirt and dust particles from the fuel. They are usually found in the internal combustion engines. The global oil filter and fuel filter market is expected to show a remarkable growth rate by coming years. One of the major factor contributing the growth of the global oil filter and fuel filter market are the increasing vehicle production and the lower and tighter emission norms.
The report contains the global scenario of oil filter and fuel filter market discussing detailed overview and market figures. The research report analyses the industry growth rate, industry capacity, and industry structure. The report analyses the historical data and forecasts oil filter and fuel filter market size, production forecasts along with key factors driving and restraining the market.
The global oil filter and fuel filter market is also segmented by market into OEM market and aftermarket (replacement) market. The market is further segmented by geography into North America, Asia Pacific, Europe and rest of the world regions. The market is dominated by the North America and Europe. Among the regions, Asia-Pacific registered the fastest growth rate from 2013 to 2019. The Middle-East and some countries from Latin America are also expected to drive the growth of the global oil filter and fuel filter market.
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The global oil filter and fuel filter market is driven by factors such as the increasing vehicle production and lower and tighter emission norms. Other factors fuelling the growth of the global oil filter and fuel filter market are the increasing use of personal vehicles in emerging economies.
Some of the factors inhibiting the growth of the global oil filter and fuel filter market are the longer drain intervals. The emerging economies and the increasing vehicle production globally is serving the opportunities fuelling the growth of the global oil filter and fuel filter market.
Some of the key players in the global oil filter and fuel filter market are AC Delco Inc., Ahlstrom Corporation, Cummins Inc., Gud Holdings Ltd., Hollingsworth & Vose Co. Inc., Affinia Group Inc., Clarcor Inc., Donaldson Co. Inc., and Hengst Gmbh & Co. Kg among others. Earlier the global oil filter and fuel filter market was dominated by few players.
However, after the increasing vehicle adoption and the rapidly increasing gasoline engines in vehicles, the demand for oil filter and fuel filter has increased among the end consumers.
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