Booming economic growth in emerging markets has culminated in nations committing big bucks towards self-sufficiency in all aspects, particularly the automotive industry that is one of the clearest signs of a nation’s economic development. As the desire of personal mobility increases, consumers may be concerned about the fuel quality that is used in their vehicles. In addition to this, increasing governmental regulations pertaining to stricter emission norms is predicted to benefit the car fuel filter market. The advantage for car fuel filter makers is that their product will be necessary irrespective of the fuel direction the market veers in – be it petrol or diesel – making the long-term prospects extremely bright in the car fuel filter market.
A fuel filter is a fuel line filter that automatically screens out rust and dust particles from the fuel and it is usually in cartridges that contain a filter paper. Fuel filters are now in almost all types of combustion engines and they serve a critical role in tight-tolerance engines. Fuel filters need to be maintained regularly and they improve performance considerably, making them vital in a combustion engine.
The Fact.MR report anticipates the car fuel filter market to grow with a modest CAGR of 2.8% to a value of almost US$ 440 million by the year 2022.
Market Taxonomy
|
Product Type |
Sales Channel |
Vehicle Type |
Fuel Type |
|
Spin-on Fuel Filters |
OEM |
Compact Passenger Cars |
Diesel Fuel Filters |
|
Inline Fuel Filters |
OES |
Mid-sized Passenger Cars |
Gasoline Fuel Filters |
|
Cartridge Fuel Filters |
IAM |
Premium Passenger Cars |
|
|
Nylon Fuel Filters |
Luxury Passenger Cars |
||
|
In-tank Fuel Filters |
|||
|
Universal Fuel Filters |
(Additional information, including cross-sectional data and country-wise analysis & forecast is available in the report)
Close Competition between Spin-on Filters and Inline Fuel Filters
The market opportunity is likely to be similar in the spin-on filter and inline fuel filter segment as both have a revenue share of more than a fifth of the car fuel filter market. The spin-on filter segment is on track to be worth more than US$ 100 million by the end of the forecast period. Europe contributes more than a quarter of the revenue in the car fuel filter market for the spin-on filter segment and companies would be advised to focus their energy on this continent. While the continent is also a strong market for inline fuel filters, APEJ is projected to record a strong CAGR and it could even become larger than Europe in the long-term on account of a massive population that seeks out personal mobility coupled with strong economic growth.
Nylon Fuel Filters Could be the Dark Horse in the Car Fuel Filter Market
At present, nylon fuel filters comprise less than a sixth of the car fuel filter market in terms of revenue. However, there is a possibility that large investments into this promising material could make it much more important in the longer term. Europe and APEJ are the only two regions that are estimated to be worth more than US$ 15 million by the end of 2022 and companies are advised to take this into consideration while devising their business strategies.
IAM Segment Considerably Larger than Either OEM or OES Channel
The IAM segment is substantially larger than the OEM and OES channel combined and has more than half the revenue share in the car fuel filter market. The IAM segment is poised to grow to just under US$ 252 million in 2022 and it wouldn’t be surprising if companies decide to target this segment over other sales channels in the car fuel filter market.
Competition Analysis
The car fuel filter market report has profiled some of the companies involved in the car fuel filter market and a few of them include Freudenberg & Co., Robert Bosch, Denso Corp., and Donaldson Company Inc.
Note: The insights mentioned here are of the respective analysts, and do not reflect the position of Fact.MR
Strong economic growth across emerging markets has put them firmly on the path of achieving developed market status in the next few decades. This will surely lead to an automotive boom in these countries which should directly benefit the car fuel filter market. Car fuel filters are required in passenger cars, LCV, and HCV vehicles and also in respect of both petrol and diesel-powered vehicles. In addition, stricter governmental norms concerning vehicle emissions will make car fuel filters the need of the hour as no manufacturer would wish to incur the costly fines for flouting guidelines along with the huge damage this causes to their global image. Fact.MR’s report offers detailed analysis about the global car fuel filter market for the period 2017-2022, and offers actionable insights on future market direction.
Scope
The scope of the report is to analyze the global car fuel filter market for the period 2017-2022 and give readers an accurate, unbiased analysis. Car fuel filter manufacturers, suppliers, and stakeholders in the overall car industry can benefit from the insights offered in this report. The comprehensive analysis offered in the report can also be of interest to leading car journals and trade magazines.
Summary
The report begins with a concise summary of the global car fuel filter market. This executive summary sets the tone for the rest of the report, giving users the scope of the report. The executive summary includes important facts and statistics on the global car fuel filter market.
Overview
The next section is an overview of the global car fuel filter market. This includes the introduction to the market and a standard definition of the product – fuel filter. In this section, year-over-year growth and market value is offered to readers. Year-over-year growth gives readers a broader picture on growth patterns during the forecast period.
The next section of the report offers a thorough description of the latest macroeconomic factors that have a bearing on the global car fuel filter market. Considering the interconnectedness of the fuel filter market to global car industry and, in general, the global economy, readers will get valuable insights on how international developments impact this market.
In a bid to keep readers up-to-date on the latest developments in the global car fuel filter market, the report offers readers a roundup of the latest trends impacting the market. As the car sector is ever-evolving, staying abreast with latest trends and developments is paramount to formulating key business strategies. Information on supply chain, cost structure, pricing analysis, raw material sourcing, and list of distributors are offered to readers in this section.
Considering the broad scope of the global car fuel filter market and to provide in-depth insights to readers, Fact.MR’s report offers segment-wise forecast and analysis. The car fuel filter market has been categorized on the basis of product type, fuel type, vehicle type, region, and sales channel. The segmentation analysis is comprehensive, with detailed country-wise forecast offered on each parameter.
The concluding section of the report profiles companies operating in the global car fuel filter market. Companies of all sizes, including market leaders, established players, and market entrants are profiled in this section. The competitive intelligence offers information on company overview and other important parameters, such as product offerings and key financials.
Research Methodology
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- Primary research
- Secondary research
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- Focused interviews
- Social media analysis
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Car Fuel Filter Market Forecast, Trend Analysis & Competition Tracking: Global Market insights 2017 to 2022