Automotive Fuel Filter Market Size, Share and Forecast 2023
Global Automotive Fuel Filter Market Size Information Report by Vehicle Type (Passenger Car, Light Commercial Vehicle ,Heavy Commercial Vehicle ),Filter Material (Cellulose,Synthetics,Others), by Fuel Type (Gasoline and Diesel), by sales channel (OEM and Aftermarket), and by Region - Global Forecast to 2023
(firmenpresse) - Automotive Fuel Filter Market Size – Overview
The automotive fuel filter is used to prevent the dust particles from interfering with the system. It eliminates the dust particle from the fuel, preventing the dust to enter into the fuel pump. Fuel pumps are generally used for controlling emissions to protect the environment. If dust particle enter the fuel pump, they cause a system breakdown. So fuel filters are widely used in automobiles to reduce instances of breakdown. The major drivers for the Automotive Fuel Filter Market Size are increase in the vehicle production and stringent government regulation for the emission control. Other factors that are responsible for the growth of this market are growth in automotive industry and technology advancement.
The market is driven to achieve USD 5,731.0 Million in revenues by the end of 2023.
Key Players
The notable companies functioning in the Automotive Fuel Filter Market Size are Mahle GmbH, Mann+Hummel, Donaldson Company Inc., ALCO Filters Ltd, Denso Corporation, Cummins Ltd, Ahlstrom-Munkjso, Hengst SE, Parker Hannifin Corp, and Sogefi SpA.
Segmental Analysis
The segmentation of the Automotive Fuel Filter Market Size has been conducted on the basis of the sales channel, fuel type, filter material, and vehicle type. By fuel type, the Automotive Fuel Filter Market Size has been segmented into diesel and gasoline. On the basis of filter material, the Automotive Fuel Filter Market Size consists of synthetic, cellulose, and others. The segmentation of the market for automotive fuel filter based on sales channel comprises of aftermarket and OEM. On the basis of vehicle type, the Automotive Fuel Filter Market Size comprises of light commercial vehicle, passenger car, and heavy commercial vehicle. The regions considered in the Automotive Fuel Filter Market Size are Europe, Asia Pacific, North America and the rest of the world.
Regional Analysis
The regional analysis of the Automotive Fuel Filter Market Size covers regions such as Europe, Asia Pacific, North America and the rest of the world. The Asia Pacific region is anticipated to lead to the growth of the automotive sector. The upsurge in the sales of construction vehicles and passenger vehicles has had significant implications in the progress of the Automotive Fuel Filter Market Size. The Asia Pacific region is concentrated with a number of fuel filter producers which has enabled the dominance of the Asia Pacific region. The vast automotive industry, reduced labor cost, and promising government guidelines are expected to attract further investment which will drive the progress of the Asia Pacific region. The nations of India, China, and Japan are the important contributors in the Asia Pacific region for automotive fuel filters, and China is likely to display the maximum growth in the forecast period.
The North American region is the next chief market for automotive fuel filter and was estimated at USD 1,269.2 million in 2017. The growing awareness concerning filter replacement and strict government policies have fortified the growth of the Automotive Fuel Filter Market Size. The escalated outlay of funds on the expansion of new and improved filter media in the region and incorporation of production operations is expected to aid in the development of the market. Key companies in the region have set up manufacturing facilities in Mexico and Canada which is spurring the development of the market in the region.
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Datum: 01.04.2020 - 15:47 Uhr
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News-ID 609929
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Date of sending: 1/04/2020
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