- The key vendors in the Automotive Oil Filter Market in the APAC Region 2015-2019 are Clarcor Inc., Denso Corp., Donaldson Co. Inc., Mahle Group and Mann+Hummel GmbH
London, 17 February 2015: TechNavio, an independent tech-focused global research firm, has announced the publication of its market research report on the Automotive Oil Filter Market in the APAC Region 2015-2019. One of the major trends in this market is an increase in the volume of goods outsourced to countries, such as China, where the labor cost is low. As a result of growing manufacturing costs, existing players in the market are shifting operations to countries where they can get labor, raw materials, and other facilities at a low cost. This helps lower manufacturing costs and gives them an edge over their competitors. The Automotive Oil Filter market in the APAC region is expected to grow at a CAGR of 7.23 percent during the period 2014-2019.
“New-generation bio-diesels and gasoline require tougher compatibility criteria of all filter components such as adhesives, elastomers, rubbers, and other polymers,” says Faisal Ghaus, Vice President of TechNavio Research.
“To meet the trend of emission reduction, filters are now made from materials such as non-woven cellulose paper, electrostatically charged nylon mesh, active carbon media, and impregnated cellulose paper.”
To define the market conditions in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
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