Market Research Future published a research report on “Global Automotive Fuel Filter Market Research Report- Forecast 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.
Pune, India -- (SBWIRE) -- 01/16/2018 -- Global Automotive Fuel Filter Market Information Report by Vehicle Type (Passenger Car, LCV (Light Commercial Vehicle), and HCV (Heavy Commercial Vehicle), by Fuel Type (Gasoline and Diesel), by sales channel (OEM and Aftermarket), and by Region - Global Forecast to 2023
Mann+Hummel (Germany), ALCO Filters Ltd (Cyprus), Ahlstrom Corporation (Finland), Cummins Inc. (U.S.), Sogefi SpA (Italy), Donaldson Co. Inc. (U.S.), Mahle GmbH (Germany), Clarcor Inc. (U.S.), Denso Corp. (Japan), and Hengst SE & Co. KG (Germany) and others are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global Automotive Fuel Filter Market.
Automotive Fuel Filter Global Market – Overview
The Global Automotive Fuel Filter Market is growing with the rapid pace. According to a recent study report published by the Market Research Future, The global market of Automotive Fuel Filter will grow at a rapid pace over the forecast period. The market is forecasted to witness slow but steady growth by 2027, which will be a surplus growth at a moderate CAGR during the projected period (2016 -2027).
The global Automotive Fuel Filter Market is expected to account for USD 1005.5 million by 2023 with 6.5 % CAGR.
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Automotive fuel filters are used to eliminate the dirt particles from the fuel. They are generally placed in the internal combustion engines. They play a very important role in controlling emissions as the dust particles, if not removed before the fuel enters into the system, will cause failure of the fuel pump and injectors. For the protection of the fuel pump, fuel filters are widely used. They also improve the performance of the system, as there are fewer contamination in the fuel.
The major factor that has been a restraint for the Automotive Fuel Filter is the government regulations over its certification. The Automotive Fuel Filter needs to clear all the certification process led by government and transportation department. However, several manufacturers face various difficulties in getting NOCs from these departments. Moreover, the manufacturers need to obtain these certificates to sell or export their products to other countries such as US's DOT, China's CCC, Brazil's INMETRO, Japan's JAS, India's RTO. Therefore, owing to this factors, the market has faced various challenges that could obstruct the market growth.
In automotive market, consumer preferences are continuously changing. Across the world, the demand for various factors such as high performance, high efficiency, increased safety, and security are increasing for different automotive applications. At the same time, when it comes to the actual purchase of a vehicle, consumers prefer a model having all of the above mentioned parameters but preferably at a lower cost (price). Due to changing consumer needs across global markets, rapid technological advancements are taking place in Automotive Fuel Filter industry to introduce differentiate products. While considering the above improvements, product pricing (low cost) is given a prominent weightage during initial development phase. This is a big challenge for the manufacturers as a lot of research and development (R&D) activities go into the new product development phase, which requires huge investments.
Major automotive companies of the world are now expanding quickly in the regions such as Asia-Pacific (especially China, Japan, Thailand, India, and Malaysia), and Latin America (Brazil). These giant companies perceive a huge potential of Automotive Fuel Filter and other automotive components in these countries and are investing to earn the benefits until the market matures. Also, new entrants in emerging economies are investing in infrastructure development, large scale, and long term projects with the major automotive companies. The emerging economies such as China, Brazil, India, and Japan are boosting the automotive bumper as well as other components market. The growth of the country is eventually helping to increase the purchasing power of the customers, which in turn boosting the growth of the industries.
Industry/ Innovation/ Related News:
June, 2017 - Leading filtration materials developer Ahlstrom, launched Ahlstrom Capitmax, a new fuel filter media at the IDEA13 exhibition in Miami Beach, Florida. Ahlstrom Capitmax is said to be suited for use in fuel filters in passenger and commercial heavy-duty vehicles and off-road machinery. It is also being evaluated for use in other applications such as hydraulic and fuel water separation.
March, 2014– Donaldson Company, a leading, worldwide manufacturer of filtration systems and parts, is announced that the company's ground-breaking fuel filtration technology is now available for Cummins® QSK engines.Branded as Donaldson Blue™, these new DBF5782 fuel filters are manufactured using Donaldson's Synteq XP™ media technology. On-engine fuel filters offer the last chance to remove damaging contaminants from your fuel system. Therefore, it's essential that fuel filters remove and retain as much contaminant as possible in all types of operating conditions. Donaldson Blue filters with Synteq XP media offer best-in-class contaminant removal and retention – tests show that they deliver fuel that is four times cleaner over the life of the filter – all under the dynamic operating conditions that your engines and equipment experience every day.
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- Automotive fuel filter manufacturers
- Distributer &Supplier companies
- End Users
- consultants and Investment bankers
- Government as well as Independent Regulatory Authorities
Automotive Fuel Filter Market – Segmentation
The Global Automotive Fuel Filter Market is segmented in to 4 key dynamics for the convenience of the report and enhanced understanding;
Segmentation by Vehicle Type: Comprises Passenger Car, LCV (Light Commercial Vehicle), and HCV (Heavy Commercial Vehicle.
Segmentation by Fuel Type: Comprises Gasoline and Diesel
Segmentation by Channel: Comprises OEM and Aftermarket
Segmentation by Regions: Comprises Geographical regions - North America, Europe, APAC and Rest of the World.
Automotive Fuel Filter Market: Regional Analysis
The automotive fuel filter market can be geographically segmented as North America, Europe, Asia Pacific, and Rest of the World. Asia-Pacific region is expected to witness the highest growth during the forecast period due to increase in vehicle production in countries such as China, India, and South Korea. This will result in the increase in demand of the fuel filter market. North America is expected to have the second highest CAGR during the forecast period. Europe is also expected to have steady growth during the forecast period.
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