(PRWEB) July 27, 2014
The report, Oil Filter & Fuel Filter Market by Vehicle Type (Passenger Cars, LCVs & HCVs), Market Type (OE & Aftermarket), Filter Type (Oil & Fuel), Fuel Type (Gasoline & Diesel) & Geography – Industry Trends & Forecast to 2018, defines and segments the global automotive oil and fuel filters market with analysis and forecasting of the global volume and revenue. The market for automotive oil filters is estimated to reach a revenue of $ 6.1 billion in 2018, while fuel filter market is expected to grow to $ 12.5 billion in 2018.
Browse 129 market data tables and 99 figures spread through 385 pages and in-depth TOC on Oil Filter & Fuel Filter Market – Industry Trends & Forecast to 2018.
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Asia-Pacific: From Follower to Leader
For the past few years, Asia-Pacific has been the major market for investment and expansions for the automotive industry. With the vast population and increasing disposable income of consumers in the countries of China and India, major automobile manufacturers such as BMW, Volkswagen Group, Mercedes Benz have already setup their manufacturing units in these countries to capitalize on the opportunity they provide. The Asia-Pacific region, home to some of the largest automobile producers such as Honda, Mazda, Toyota etc. along with the growing markets of India and South Korea, the region has been spearheading the automotive industry for the last few years and is expected to continue on its path to glory in the near future. The region is expected to witness a fast growth in its vehicle parc alongside the growth in the automotive manufacturing industry. These two factors coupled together are expected to catapult the market into the top spot over the period from 2013 to 2018. The regions oil and fuel filters market is expected to grow at a CAGR of 14.90% over the forecasted period.
LCVs: Raging Bull
Light commercial vehicles have been traditionally associated with the commercial side more than the personal side of their usage. But, with more and more budding small scale businesses and demand for spacious vehicles, these vehicles have gained considerable market share over the past few years and are expected to continue on their growth path over the next five years as well. The LCVs market is expected to be the strongest in the North American region, while Asia-Pacific is expected to be at the second spot in this segment. The global LCV oil and fuel filters market volumes are estimated to grow at CAGRs of 9.24% and 11.97% respectively over the next five years.
Diesel Engines: Providing Economy and Performance
Gasoline engines have enjoyed preferential treatment from automotive manufacturers as well as the consumers on account of the performance advantages they hold over diesel engines. But, with continuous advancements in diesel technology, diesel engines have slowly bridged this gap in performance and have come very close to providing the same levels of these parameters as that of gasoline engines, while providing much better fuel economy figures. In these times of high fuel prices, this has turned out to be a very lucrative proposition for the automotive manufacturers who have cashed in on the increasing demand for diesel engines by launching diesel variants of their popular models as well as developing new vehicles with diesel powertrains. This has led to diesel acquiring larger shares of the market year by year. Thus, this would give rise to increase in the installation of more oil and fuel filters in diesel vehicles.
The report encompasses automotive oil and fuel filters market in terms of volume (OE – 000 units & Replacement market – million units) and revenue ($ million) across regions such as Asia-Pacific, Europe, North America and Rest of the World (ROW). It explains the qualitative and quantitative aspects of oil and fuel filters with respect to technology and advancements over the course of history. Apart from geographic segmentation, the report also covers the OE as well as the replacement market for these filters segmented by filter type, fuel type, and vehicle type.
This report also shows an overview of the technical as well as other important aspects of the automotive oil and fuel filters market. It includes the value chain, Porters five forces analysis, the competitive landscape, and company profiles for major players in the market for these components.
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Port of Hueneme, California (PRWEB) September 23, 2014
The Port of Hueneme realized its highest international trade year in its 77 year history and its second highest year for domestic and international freight combined. The benchmark year included a 30% increase in auto exports. The total tonnage for FY 2013-2014 came in at a strong 1,438,596 metric tons representing a less than 1% decrease from last year’s all-time high. This represents a continuing path to economic recovery keeping the Port at strong trade levels.
Referring to the hearty trade figures, Port Commission President Mary Anne Rooney said, “The success of the Port ties directly to our community and strategic partners at the Port. Together we are creating jobs and building a better future for the citizens of the Port, the community and the region.”
Strong growth in freight activity was seen in the Port’s niche markets of automobiles, high and heavy cargos, fresh produce, fertilizer, and domestic commodities. Automobile imports boasted a robust 7.1% increase over last fiscal year while exports exploded by 31% over 2013 scoring the second best year on record. A large percentage of the export increase was driven by more foreign manufacturers such as Honda, Toyota, Nissan, and Acura operating from new facilities within the United States and sending their U.S. manufactured autos to the Asian market.
Hyundai/Kia lead the import arena with a strong 10% growth. According to Michael Wynn, Senior Executive Vice President at GAPS, “the Hyundai family’s overall processing volume through the Port of Hueneme’s Vehicle Distribution Center has increased over the same period last year and this trend is expected to continue for the remainder of this year.”
Wallenius Wilhelmsen Logistics (WWL) is the leading shipper handling agricultural and heavy equipment cargo at the port, and provides shipping and technical processing for automobiles. According to Rich Heintzelman, EVP and Head of Commercial for the Americas at Wallenius Wilhelmsen Logistics, “WWL’s import and export volumes at the Port of Hueneme have experienced a slight increase in 2014, as compared to the year before.” Wallenius Wilhelmsen Logistics (WWL) handles the bulk of the High and Heavy cargo as well as the transport and processing of automobiles.
On the fruit side of the Port’s business portfolio banana imports remained strong at 655,589 metric tons. Other fresh fruits and vegetables handled by Port customers grew by 1.6%. According to Del Monte’s Port manager Chuck Caulkins, “Del Monte continues to perform strongly for the Port and with the uptick in the economy we remain hopeful that the business climate in California will recognize the importance of international trade for job creation and economic development.”
Other customers of the Port includes Yara North America Inc, who manages the liquid bulk fertilizer and Air1 Diesel Exhaust Fluid (DEF) through the Port and across North America. The Air1 Diesel Exhaust Fluid is a high purity solution of urea in water (32.5%), used to chemically reduce NOx emissions from trucks, buses and other units powered by diesel engines. Yara is the world’s largest producer and supplier of this product and the Port of Hueneme is a key supply point for the company’s western United States customer base.
Shallow draft cargo (fish, lube oil, and vessel fuel) was down marginally for the year and the offshore domestic oil trade held steady.
Port Director Kristin Decas remarked on some of the core reasons for the Port’s steady growth, “This year’s cargo performance sets a new milestone for the Port. This achievement is driven by our customers and business development team. We’re committed to continuing our partnerships and strategic planning to maximize the social and economic benefit the Port brings to our community and industries.”
The Port of Hueneme is one of the most productive and efficient commercial trade gateways for niche cargo on the West Coast. The Port is governed by 5 locally elected Port Commissioners. The Port moves $ 8 billion in goods each year and consistently ranks among the top ten U.S. ports for automobiles and fresh produce. Port operations support the community by bringing $ 1.1 billion in economic activity and creating 10,226 trade-related jobs. Trade through the Port of Hueneme generates more than $ 69 million in annual state and local taxes which funds vital community services.
Irvine, CA (PRWEB) September 22, 2014
Spireon, the leading innovator of Mobile Resource Management (MRM) and Business Intelligence Solutions that connect companies to their mobile assets and workforces, will showcase its industry-leading solutions at Innovate 2014, September 21-24, 2014, at the Gaylord Texan in Grapevine, Texas. Demonstrations will include the recently announced integration of Spireons GoldStar CMS enhanced mobile platform with AutoStar Solutions Fusion dealer management software (DMS).
The GoldStar CMS integration gives Buy Here Pay Here (BHPH) automobile dealers access to the industrys leading GPS automotive collateral management business intelligence within the AutoStar environment. With the integrated solution, dealerships and automotive lenders can quickly and effectively track their assets and recover vehicles using any smart phone or tablet. Through an easy-to-use and optimized interface, dealers and lenders can access vehicle locations as well as reliable real-time vehicle information from any browser, without downloading an app.
With GoldStar CMS, BHPH dealers have access to: