Power steering filter market size in terms of volume and value 2016-2 FMI | Page 3

Report
Description
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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