Oil Filter and Fuel Filter Market Segment Forecasts Up to 2020,Research Reports - Transparency Market Research

Fuel and oil filters in an automotive are the components which perform some important functions such as removal of dirt and sludge from the fuel and oil. This results into improved efficiency of vehicle owing to lower consumption and complete combustion of fuel and increased engine life. As the automobile engine technologies are becoming more sophisticated, the availability of clean fuel and oil for such engines has become critical issue. Thus, the importance of oil and fuel filters is increasing as the stringent emission regulations norms enforced by various legislative bodies and governments have enforced the automobile manufacturers to meet the standards, ultimately driving the demand for automotive fuel and oil filter market.

Browse Full Report with TOC: http://www.transparencymarketresearch.com/oil-filter-fuel-filter.html

Oil filter consists of various components such canister, anti-drain back seal, base plate, filtration media and base gasket. With respect to types of filters currently fuel filters hold maximum market share in terms of revenue. Per capita income of people is increasing with the development of economies resulting into the increased demand for light commercial vehicle and passenger cars segment. Thus, oil and fuel filters market is expected to witness growing demand from passenger cars and light commercial vehicle segment in coming years. Increasing production of vehicles, tighter and lower emission norms set by various countries and increasing use of personal cars in emerging economies for the daily activities are some of the major factors driving the global oil filter and fuel filter market. Development of low cost, small in size and efficient filters is expected to present a key growth opportunity to the vendors in oil and fuel filters market.

Oil filter and fuel filter market is segmented on the basis of filter type, fuel type, vehicle type and geography. Oil filter and fuel filter are the two major types of filters in this market....