The global automotive fuel filter market is expected to reach USD 1.9 Billion by 2028 and is anticipated at expand at a CAGR of 13.6% during the forecast period, 2021 – 2028. The growth of the market is attributed to the increasing technological advancements in the automotive industry.
Growing demand for in-tank fuel filter owing to high efficiency is propelling the market growth. This type of filer delivers better engine performance while still protecting the engine against contamination from poor quality fuel. This filter is more reliable due to its long life and also avoids towing callouts and breakdowns. In-tank filters have consistent flow rate with low pressure drop, which prevents clogging and damage to injectors, and avoids premature engine wear.
Automobile engines have a low tolerance level for low and irregular quality fuel. The high quality of oil fuel filters has become a mandate to ensure smooth running of the engine. Automotive fuel filters play an important role in controlling the emissions. The governmental agencies around the world have become vigilant in regards to adherence to emission norms, which has boosted the growth of the automotive fuel filter market.
Market Trends, Drivers, Restraints, and Opportunities
- Increasing vehicle production and rising spending on the vehicle maintenance are the key factors, driving the growth of the automotive fuel filter market.
- Rapid growth of the electric and hybrid vehicles market is a major restraint for the fuel filter market.
- Growing demand for long drain intervals can hamper the growth of the market.
- The COVID-19 pandemic had disrupted the supply chain of the entire automotive ecosystem, which in turn, halted the production of vehicles across the globe. Nevertheless, the market is slowly recovering and expected to reach pre-COVID level soon.
- Rising R&D activities from key players is anticipated to generate key opportunities for the market expansion during the projected period.
Scope of the Report
The report on the automotive fuel filter market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Automotive Fuel Filter Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast
Types (Gasoline and Diesel), Materials (Cellulose, Synthetics, and Others), Sales Channels ( OEM and Aftermarket), Vehicles Types (Passenger Cars and Commercial Vehicles)
Asia Pacific, North America, Europe, Latin America, and Middle East & Africa
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered
Denso Corporation, Parker Hannifin Corp, Mahle GmbH, Mann+Hummel, Hengst SE, Cummins Ltd, Donaldson company Inc., Robert Bosch GmbHand, Sogefi SpA, K&N Engineering, Champion Laboratories Inc., FRAM Group IP LLC, Freudenberg & Co KG, Hengst SE & Co KG, and UFI Filters Spa
Automotive Fuel Filter Market Segment Insights
In terms of types, the market is divided into gasoline and diesel. The gasoline segment is anticipated to account for a major share during the forecast period. A gasoline fuel filter is different from the diesel filters in terms of mechanical parts and functioning. The diesel fuel filters are used to remove water. Diesel contains more impurities than gasoline. This, in turn, mandates the diesel fuel system to use two filters, one to trap the bigger debris and water and another to eliminate the finer particles.
Based on materials, the market is divided into cellulose, synthetics and others. Increasing demand for cellulose that operates at high efficiency and confers excellent performance is driving the growth of the cellulose segment. Cellulose is witnessing a huge demand owing to its usage in gravimetric analysis procedures. This segment is anticipated to exhibit a high CAGR during the forecast period. The synthetic segment generated significant revenue in 2020 and is anticipated to grow at a steady rate in the coming years.
On the basis of sales channels, the market is divided into OEM and aftermarket. The OEM sales channel segment is projected to reflect a high CAGR in the global automotive fuel filter market during the forecast period. The aftermarket segment is estimated to dominate owing to increasing awareness about vehicle maintenance among the car owners.
In terms of vehicle types, the market is divided into passenger cars and commercial vehicles. The passengers vehicles segment is anticipated to account for major share of the market owing to the rising disposable income across the globe. The commercial vehicles segment is expected to grow at a moderate rate during the forecast period.
Based on regions, the market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market in North America is expand at a healthy rate owing to early adoption of latest technologies to reduce airborne contaminants in vehicles. The humongous automobile industry and increasing technological advancements for controlling pollutant levels is expected to the foster product demand in Europe. The growing automotive industry along with increasing pollutant levels is propelling the demand for automotive air filters in Asia Pacific, which in turn, is spurring the growth of the market in Asia Pacific.
- Passenger Cars
- Commercial Vehicles
- Asia Pacific
- North America
- Latin America
- Middle East & Africa
Major players of the market are Denso Corporation, Parker Hannifin Corp, Mahle GmbH, Mann+Hummel, Hengst SE, Cummins Ltd, Donaldson company Inc., Robert Bosch GmbHand, Sogefi SpA, K&N Engineering, Champion Laboratories Inc., FRAM Group IP LLC, Freudenberg & Co KG, Hengst SE & Co KG, and UFI Filters Spa.