The heavy duty road filtration aftermarket industry is forecast to reach a value of USD 1.01 billion by 2024.
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.
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.
- Cummins Filtration
- UTI Filters
- Parker Hannifin Corporation
- SOFEGI Group
1 Methodology And Scope
2 Executive Summary
3 Market Summary
4 Heavy Duty Road Filtration Aftermarket Industry Outlook
5 Market Categorization 1: Product Estimates & Trend Analysis
6 Market Categorization 2: Application Estimates & Trend Analysis
7 Market Categorization 3: Regional Estimates & Trend Analysis, by Product & Application
8 Competitive Landscape
9 Company Profiles
For more information about this report visit http://www.researchandmarkets.com/research/92hwwf/heavy_duty_road
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SOURCE Research and Markets