DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/3ppq7g/automotive_oil) has announced the addition of the "Automotive Oil Filter Market in the APAC Region 2015-2019" report to their offering.
The Automotive Oil Filter market in the APAC region to grow at a CAGR of 7.23% over the period 2014-2019
This report covers the present scenario and the growth prospects of the Automotive Oil Filter market in the APAC region for the period 2015-2019. The report includes the entire range of oil filters available in the market. To calculate the market size, the report considers revenue generated through the sales of automotive oil filters. It analyzes the sales of automotive oil filters to OEMs and the aftermarket.
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.
According to the report, demand for automobiles directly influences demand for automotive aluminum. This demand, especially for passenger vehicles, is continually increasing worldwide and is driving demand for automotive aluminum.
Further, the report states that the quality of automotive oil filters in the aftermarket is one of the main challenges faced by the market. Original equipment manufacturers offer well-constructed oil filters that are quality controlled. Many oil filters available in the aftermarket have poorly designed bypass valves. These valves are used either when the engine oil is too viscous to flow through the filter or the oil filter is too dirty.
Other Prominent Vendors
- Bosch Group
- Gud Holdings
- Hollingsworth & Vose
- Puradyn Filter Technologies
- Tokyo Roki
- Toyota Boshoku
For more information visit http://www.researchandmarkets.com/research/3ppq7g/automotive_oil