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.
Browse
Details of Report @
http://www.grandviewresearch.com/industry-analysis/heavy-duty-road-filtration-aftermarket-industry
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.
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
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