Global OEM Components Market Research Report
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Europe Air Filter The availability of clean air in the combustion chamber leads to complete fuel combustion, thus, resulting in reduced exhaust emissions. This increases the demand of air filters in Europe where the government has imposed stringent vehicle emission norms on the OEMs to control the carbon footprint of the vehicles and improve the fuel efficiency driving the demand of air filter market. After market also play a very important role due to the replacement of the filters at regular interval of time. The Europe automotive air filter market is estimated to grow at a CAGR of 4.2% during 2013 to 2018 reaching a value of $157.15 million by 2018. |
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Asia-Pacific Air Filter The rising production trend of vehicle owing to the stable economic conditions and increasing purchasing power of the individual are driving the air filter market. The growing concern of the consumers regarding the emissions has increased the replacement of these filters at regular interval of time opening the opportunity for the after-market players. The Asia-Oceania automotive air filter market is estimated to grow at a CAGR of 8.2% during 2013 to 2018 generating a revenue of $327.96 million by the end of 2018. |
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Europe Automobile Lighting The strict lighting and safety regulations in the European region pose a challenge for the manufacturers to provide advanced technologies at an affordable price. The European automotive lightings market was valued at $5.88 billion in 2013, to grow at 5.5% annually. It is projected to reach $7.69 billion by the end of 2018. |
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Asia-Pacific Automobile Lighting The automotive lighting manufacturing companies have started to look at Asia-Pacific as the largest destination for the automotive lighting. The Asia-Pacific automotive lightings market was valued at $9.20 billion in 2013, and expected to grow at 7.5% annually. It is projected to reach $13.23 billion by the end of 2018. |
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North America Automobile Lighting The North American automotive lightings market was valued at $4.06 billion in 2013, to grow at 6.9% annually. It is projected to reach $5.68 billion by the end of 2018. The major lighting technologies used in vehicles in this region are halogen based. The demand for LED technology is estimated to increase with an implementation of low cost of LED technologies that is under development. |
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Asia and Oceania Steering System In terms of market volume, the Asia-Oceania region is the leader in automobile steering systems across the globe. The growth in the emerging countries like China, India, Japan and South Korea, is on a rise and in turn growing the market for steering systems. This is mainly due to the increasing industrialization, rapid growth in infrastructure development and urbanization in the aforementioned countries. The Asia-Oceania Steering systems market was valued at $11.49 billion in 2013, and expected to grow at 7.8% annually. It is projected to reach $16.71 billion by the end of 2018. |
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North America Steering System The need for technologies that increase the fuel efficiency and are also sophisticated and safe are in demand by the consumers in wake of the depleting oil reserves which are in turn increasing the oil prices has created a demand for the Electronic Power Steering (EPS). EPS is expected to dominate the North American market and will replace traditional manual, hydraulic, and electro-hydraulic steering systems in due course of time. The North American Steering systems market was valued at $5.11 billion in 2013, to grow at 7.7% annually. It is projected to reach $7.40 billion by the end of 2018. |
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Europe Steering System Europe is the second largest market for steering systems across all the major regions. The major driver for the European steering systems market is the stringent emission as well as fuel efficiency norms. The slow economic growth affects the vehicle production in the region to a great extent as the market for steering systems is co-related with the vehicle production and is one of the major restraints for the steering systems market in this region. The European steering systems market was valued at $5.24 billion in 2013, to grow at 4.3% annually. It is projected to reach $6.48 billion by the end of 2018. |
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Asia-Pacific Exhaust System The growing economies of countries like China, India and Korea coupled with the constant increase in the disposable income and the improving lifestyle, the Asia-Pacific region is growing at a much faster rate. The different government’s initiatives have also made the region, most opportunistic in the world. The Asia-Pacific region has become an automotive hub due to all the aforesaid factors and in turn has increased the automotive exhaust systems market. The Asia Pacific Automobile exhaust system market was valued at $9.20 billion in 2014, and expected to grow at 10.6% annually. It is projected to reach $15.25 billion by the end of 2018. |
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Asia and Oceania Suspension The demand for the suspension systems is co-related with the production and the demand for automobiles and hence most of the major suspension systems manufactures have also shifted their focus on the emerging markets of Asia-Pacific region, making it the leading region for automobile suspension systems as well. The Asia-Oceania Suspension systems market was valued at $23.55 billion in 2013, and expected to grow at 7.1% annually. It is projected to reach $33.14 billion by the end of 2018. |
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Europe Suspension The suspension system in a vehicle is a point of concern as it forms a key part of the vehicles’ chassis, as it provides comfort to the occupants and at the same time protects all the components of the vehicle from jerks caused due to uneven road conditions. To meet the required suspension standards and to abide by the government regulations, advanced technologies are being implemented in the suspension systems used in vehicles produced in the region to help minimize the discomfort, lower the vehicle weight , increase suspension efficiency and eventually the fuel economy of the vehicle The European suspension systems market was valued at $12.55 billion in 2013, to grow at 2.8% annually. It is projected to reach $14.44 billion by the end of 2018. |
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North America Suspension All the factors like new product launch coupled with low-cost credit, rising household income, along with better government regulations have resulted in the increase in production of vehicles, which has ultimately resulted in better scope for the automobile suspension systems manufacturers in this region. The North American Suspension systems market was valued at $12.06 billion in 2013, to grow at 6.3% annually. It is projected to reach $16.36 billion by the end of 2018. |
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Asia-Pacific Turbocharger Turbocharged gasoline engines have gained consumer preference in the region long back, at instance the growing gasoline prices has made diesel as auto fuel popular in the region. The OEMs have introduced diesel power trains and turbocharged diesel engines in the Asia-Oceania market which is driving the future of turbochargers in the region. The Asia-Oceania turbochargers market is estimated to grow at a CAGR of 11.6% during 2013 to 2018 reaching a value of $5.53 billion by the year 2018. |
May 2015 |
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Europe Turbocharger Europe is the largest turbocharger market in the world, stringent vehicle emission norms and fuel efficiency norms has triggered the competition in the market. Low sulphur diesel is the readily available cheaper fuel in the region various OEMs are introducing diesel turbocharged engines designed under various technologies. Thus Diesel turbocharged vehicles are driving the future of the Europe automotive turbochargers market. The study shows that the market will grow at a CAGR of 8.6% during 2013 to 2018 reaching a value of $6.56 billion by 2018 |
Apr 2015 |
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Asia-Pacific Brake The Asia-Pacific Brake market was valued at $10.44 billion in 2013, and expected to grow at 7.8% annually. It is projected to reach $15.21 billion by the end of 2018. The Asia-Pacific region is the leader in the drum brakes market across all the regions with China being the leader in the Asia-Pacific region followed by Japan. The growing demand for higher performing vehicles & longer service interval are some of the other factors that drive the market for Disc Brakes in the Asia-Pacific region, while the market being concentrated with smaller and cheaper vehicles using drum brakes acts as a restraining factor. |
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Europe Brake The European Brake market was valued at $5.02 billion in 2013, to grow at 5.5% annually. It is projected to reach $6.57 billion by the end of 2018. The increasing demand for small and cheaper cars in the major countries in the region like Germany, Russia and France has boosted the drum brakes market. Also since price of the disc brakes is much higher than the drum brakes, the consumers tend to go for cheaper drum brakes even though they are not as efficient as disc brakes. Germany is the leader in the European disc brake market and also holds its leadership for being the largest automobile market in the region. It is followed by Russia and France which holds the second and third position respectively in terms of disc brake market in the region. |
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North America Brake The North American Brake market was valued at $3.69 billion in 2013, to grow at 7.5% annually. It is projected to reach $5.30 billion by the end of 2018. The U.S and Mexico are the major market for drum brakes in the North American region due to its growing vehicle production and the increasing demand for cheaper cars. Another reason for the growth of drum brake sin the North American region is mainly due to the increasing cost of disc brakes which has pushed the cost-centric buyers’ to opt for the cheaper drum brakes. The North American disc brake market is driven by factors such as—fast growth in luxury and sports vehicle segment and stringent emission norms. The low end vehicles in the region refrain from using the disc brakes due to its initial cost. |
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North America Turbocharger Owing to the stringent fuel efficiency, vehicle emission norms, and downsizing of the engine trend has increased the demand of turbochargers in North America. However the growth is steady owing to the gasoline the most preferred fuel which demands for gasoline turbocharged engine. From the study it is anticipated that the market will grow at faster rate in the near future. The Europe automotive turbocharger market is estimated to grow at a CAGR of 11% during 2013 to 2018 reaching a value of $2.46 billion by 2018. |
May 2015 |
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Latin America Turbocharger The Latin America automotive turbocharger market is estimated to grow at a CAGR of 10.1% during 2013 to 2018 reaching a value of $3.48 billion by 2018. |
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Americas HVAC System Heating Ventilation and Air conditioning System (AMERICAS) is the technology for indoor and automotive ambient comfort, it also facilitates in managing the pleasant climate and restricts the entry of dirt inside the cabin. The consumers in the region are health conscious and are prone to illness, thus demand for the vehicles equipped with AMERICAS system. The North America automotive AMERICAS market is estimated to grow at a CAGR of 8.2% during 2013 to 2018 reaching a value of $9.99 billion by 2018 |
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OEM Components
