Automotive Fuel Filter Market 2018 Is Estimated to Reach US$ 1005.5 Million and Growing at 6.5% CAGR by 2023
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
Pune, India – April 30, 2018 /MarketersMedia/ —
Automotive Fuel Filter Market 2018
Automotive Fuel Filter Market Share, Size, Trends, And Business Opportunity Analysis Report 2018 include historic data, with forecast data to 2023. Automotive Fuel Filter Market report is helpful for future strategy development, and to know about Market Drivers, Restraints, Opportunities, And Global market size, share, Growth, Trends, key players forecast to 2023
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
Market Scenario
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 fuel filter market is expected to witness growth due to factors such as energy independence, growing demand in diesel vehicles, decrease in the carbon footprint, and stringent environmental norms. 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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Key Players
The key players in automotive fuel filter market are 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).
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.
Regional Analysis of Automotive Fuel Filter Market
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.
The report for Automotive Fuel Filter Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
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