April 26, 2019 by Steve Blade
The global automotive fuel filter market is expected to register a robust growth attributed to increasing demand for performance efficiency in the vehicles. Launch of advanced technology for fuel filters by leading suppliers is further expected to impact growth of the global market
Growth of the global market of automotive fuel filter is bound by several macro-economic, and micro-economic factors. With increasing need to safeguard the fuel lines in a vehicle, adoption of fuel filters is likely to increase among the manufacturers. Accumulation of contamination, dust, dirt, and dander leads to blocked filters and injectors, which obstructs the functioning of the vehicles. Accumulating pollutants further seal the fuel filters, due to which additional pressure is exerted by the pump in order to supply sufficient fuel for combustion.
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Inadequate combustion due to insufficient supply further leads to harmful emission in the vehicle. Clogged filters further continues to damage the other components of the engine. Bound to these factors, demand for automotive fuel filter continue to increase among the automotive manufacturers globally. Increasing demand for performance efficiency is projected to fuel adoption of fuel filter in the automotive industry. Moreover, growing need to replace the clogged fuel filters is projected to impact the global market growth of fuel filter significantly. Fact.MR projects the global automotive fuel filter market to reflect a CAGR of 5.8% over the forecast period, 2017-2022.
Replacement to Drive Growth of the Automotive Fuel Filter Market
Automotive fuel filters need to be replaced at regular intervals, as they undergo wear and tear over a period of time. This creates opportunities for automotive fuel filter replacement sales through OEMs. Over time with continuous use, the fuel injectors are subject to be sealed with debris, dust, and contaminations, due to which the pump exerts additional pressure to supply adequate fuel for the vehicle to function. Insufficient fuel results in inadequate burning, which damages the other components of the engine.
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OEM Continues to Remain an Attractive Sales Channel
With increasing demand for fuel efficiency, adoption of diesel filters are expected to increase in the automotive industry. Diesel filter is predicted to sell more than the gasoline filters in the global market. Demand for diesel filters is likely to surpass US$ 400 Mn by 2022-end. On the other hand, the gasoline filters will continue to witness fastest growth in the global market through 2022.
By sales channel, the OEM segment will continue to generate significant revenues, recording more than US$ 230 Mn by 2017-end. The OEM sales channel segment is projected to reflect a relatively high CAGR in the global automotive fuel filter market through 2022.
Leading players operating in the automotive fuel filter market include Donaldson Company Inc., Robert Bosch GmbH, Mahle Group, Denso Corporation, Sogefi SpA, K&N Engineering, Champion Laboratories Inc., Cummins Inc., FRAM Group IP LLC, Freudenberg & Co KG, Hengst SE & Co KG, Mann + Hummel GmbH, and UFI Filters Spa.
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