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Global Filtration Market Report: 2011 Edition
Koncept Analytics, March 2011, Pages: 30
With increasing industrialization and growing concerns about health and environmental protection, filtration has acquired a place of increasing importance. Filtration is an integral function in numerous machines and processes. Automobiles constitute the major segment where filters are used in different applications, such as filtration of fuel, oil, and air. Hence, the growth in automobile industry directly reflects the growth of automotive filters market. As the world recovers from the recent economic crisis, the growth in the filtration market has become evident.
The use of filters in both on-road and off road vehicles is increasing rapidly. The increasing demand for automotive filters is primarily driven by growth in emerging markets, for example, China's booming automobile industry is expected to bring unprecedented growth in the nation’s automotive filters market. Governments of various nations have proposed new regulations with respect to installation of filtration equipments in vehicles which has resulted in increased demand. In addition, due to rising awareness about environmental issues and health concerns, the usage of cabin air filters by the Chinese and American manufacturers is also increasing. The aftermarket sales of filters in North America is expected to increase in the coming years driven by the growth in heavy duty vehicle operations and decline in sales of new cars in the region.
The global filtration industry is characterized by increasing consolidation and product innovation. The modifications in engine design driven by changes in emission control regulations are driving the market of automotive filters, worldwide. In addition, the rapid growth of automotive market, both with respect to sale of new cars as well as replacement of auto parts, is causing increased demand for filters.
Competition among the global filter manufacturers is intense with several large companies competing on the basis of geographic presence, product performance and price, among several other factors. The leading players include Pall Corporation, Donaldson, Clarcor, and MANN + HUMMEL among others.
The report provides an overview of the global filtration market. It analyzes the size and growth of the filtration market by segments and by geography. The report also discusses the factors driving the growth of the industry. The competitive landscape of the market has also been assessed.
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