Power Steering Filter Market

Global Power
Steering Filter
Market
Share, Global Trends,
Analysis, Research, Report,
Opportunities,
Segmentation and Forecast,
2016
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Report Description
Power steering systems provide easy navigation of vehicle for drivers at typical speeds
over traditional steering system. In the present scenario, the power steering system is
available in almost every vehicle ranging from passenger cars to heavy commercial
vehicles. The essential components of the power steering system includes power steering
fluid, rack and pinion, steering pump and power steering fluid filter among others. The
power steering fluid filter ensures that no debris like metal, rust get into the power
steering fluid clogging the pump resulting in failure of the system. The power steering
systems market is expected to show significant growth in the coming years, which in turn
is expected to propel the market for power steering filter market as well.
Global Power Steering Filter Market: Drivers & Restraints
The global power steering filter market is primarily driven by the increasing application of
the power steering systems in the vehicles from compact size cars to the heavy
commercial vehicles coupled with the increase in sales and production vehicles. Some of
the macroeconomic factors such as GDP growth of developing regions along with
increase in disposable income of people can be attributed to have a positive impact on
the power steering filter market globally. However, the increasing popularity of electronic
power steering system might pose as a restraint for the global power steering filter
market.
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Report Description
Global Power Steering Filter Market: Market Segmentation
Based on power steering filter type, the global power steering filter market can be
segmented into:
Direct Fit Filters
In-Line Filters
Based on vehicle type, the global power steering filter market can be segmented into:
PC (Passenger Cars)
LCV (Light Commercial Vehicles)
HCV (Heavy Commercial Vehicles)
Based on distribution channel, the global power steering filter market can be segmented
into:
OEM (Original Equipment Manufacturers)
Aftermarket
Global Power Steering Filter Market: Regional Outlook
Based on the geographic regions, global power steering filter market is segmented into
seven key market segments namely North America, Latin America, Western Europe,
Eastern Europe, Asia Pacific, Japan, and Middle East & Africa

Report Description
Among the aforementioned regions, the Western Europe market holds the largest share
of global power steering filter market in terms of consumption due to presence of
prominent automotive manufacturers in the region. The APEJ market is followed by the
Western Europe market with the automotive industries booming in the countries such as
China, India is expected to attract the market for power steering filters in the region by
the end of forecast period. The Latin America market is also expected to show
considerable growth over the forecast period. Globally, the market for power steering
filter is expected register a single digit CAGR over the forecast period.
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Global Power Steering Filter Market: Key Players
Some of the key players identified in the global power steering market are MAGNEFINE
FILTERS, CARDONE Industries, KRC Power Steering, Focus Technology Co., Ltd., and
Autohidraulika among others.

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