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Automotive Fuel Filter Market

Automotive Fuel Filter Market

Automotive Fuel Filter Market Analysis by Filter Type (Gasoline, Diesel), by Filter Media (Cellulose Filter, Synthetic Filter), by Vehicle Type, by Sales Channel, by Region - Global Forecast 2022-2032

Automotive Fuel Filter Market
FACT289MR
  • Feb-2022
  • List of Tables : 78
  • List of Figures : 140
  • 170 Pages
  • Automotive

Global Automotive Fuel Filter Market Snapshot

The global automotive fuel filter market is estimated at USD 2.6 Billion in 2022 and is forecast to surpass USD 4.7 Billion by 2032, growing at a CAGR of 6.0% from 2022 to 2032.

Report Attributes

Details

Base Year Value (2021A)

USD 2,480 Million

Estimated Year Value (2022E)

USD 2.6 Billion

Projected Year Value (2032F)

USD 4,700 Billion

Global Growth Rate (2022-2032)

 CAGR 6.0%

Europe Market Share in 2021

~35.6%

Europe Growth Rate (2022-2032)

CAGR 5.3%

Collective Value Share (USA, Germany and China) 2021: Top 4 Countries

~45%

Top 5 Companies Market Share in 2021

~23%

Key Companies Profiled

  • 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
  • UFI Filters Spa
  • Other Key Players

The global automotive fuel filter market held around ~12% share in the global automotive filter market during 2021 and is projected to provide considerable opportunities to automotive fuel filter manufacturers during the forecast period.

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2017-2021 Global Automotive Fuel Filter Market Outlook in Comparison to 2022-2032 Growth Forecast

In history, the automotive fuel filter market value witnessed a growth of 4.6% CAGR from 2017 to 2021. The global automotive fuel filter market has seen an absolute dollar opportunity of more than USD 497 Million in the last half-decade. It is estimated to offer an absolute dollar opportunity of closely USD 999 Million and USD 1.4 Billion during 2022-27 and 2027-32 respectively.

Moreover, the European automotive fuel filter market holds for largest market share in the global market which is likely to gain 50 BPS at a CAGR of 5.3%. Also, the German automotive fuel filter market is the leading consumer as well as a manufacturer of automotive fuel filters in the regional market. It is likely to grow at a CAGR of more than 6.2% amid the assessment period.

Further, South Asia & Oceania automotive fuel filter market has seen noteworthy growth in the last half-decade. It has acquired an 11% market share which is projected to grow at a CAGR of 7% in the forecast period. However, South Asia & Oceania is assessed to add more than 76 BPS and create an absolute dollar opportunity of nearly USD 267 Million amid 2022 & 2032.

From the segmental study, based on filter type, Diesel is one of the notable market shareholders. It accounts largest market shares and is likely to raise at the CAGR of 5.7% by the end of the assessment period.

Fact.MR projects the automotive fuel filter market is likely to observe growth at 6.0% CAGR during 2022 & 2032 in contrast to a CAGR of 4.6% with which it raised amid 2017 and 2021.

How growing aftermarket opportunities for market players led to encompass a notable share of market?

Filters are automotive components that must be replaced after a set amount of time (half-yearly or annually) depending on their use. Unlike certain other stationary automobile components, filters provide significant aftermarket options.

Because of the shorter replacement cycle, aftermarket prospects are likely to remain crucial for industry participants. Furthermore, increasing vehicle production around the world is likely to open up more fuel filters in automotive filter aftermarket prospects in the near future.

Aftermarket performance filters that outperform OEM filters are being used by automotive enthusiasts to replace their OEM filters. This pattern is anticipated to continue during the assessment period. Furthermore, higher engine evaporative emission and exhaust particulate rules implemented by regulatory authorities have encouraged automakers to invest substantial research into vehicle fluid and air induction systems.

An Adaptive Approach to Modern-day Research Needs

How Increasing Sales of Automobile Activating the Demand?

In recent years, global automotive sales have remained favorable, with the United States and China leading the charts in terms of both sales and production. As the U.S. economy progressively recovers, the country's automotive sector accelerates, notably in the auto components vertical.

However, China is going to enter a maturity period in which it will be more sensitive to macroeconomic consequences. Emerging markets such as Brazil, Mexico, and India are also being examined.

Moreover, the expansion of these countries' economies has lured a number of globally known automotive manufacturers to them. The vehicle demand has from both passenger and commercial increased dramatically in these countries.

Further, growing automotive production continues to be a primary driving force in the worldwide automotive filters market. By adopting innovative raw material combinations, filter producers are boosting production efficiency and lowering costs.

How Increasing Admiration of Electric Vehicles likely to Hamper the Global Sales of Fuel Filters in Automotive Filter Industry?

In electric vehicles, the filters are used to a limited extent. Governments are also strengthening public infrastructure to make EV operations in transportation more convenient.

Since there is no oil or fossil fuel used to power the engines, electric automobiles do not require oil changes or fuel tanks. All-electric vehicles, such as the Roadster, Tesla and Nissan LEAF, do not have tailpipes because no heat or gas is emitted while they are functioning. As a result, the filter's use is limited to purifying the fuel within the car. The limited scope of filter application in electric vehicles may have a detrimental impact on fuel filter sales in automotive filters in the next years.

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Country-wise Insights

What is the North America Automotive Fuel Filter Market Scenario?

The automobile industry in North America is gaining impetus with the increasing growth of the demand for vehicles in the region. Rising market competition along with consumer complexity is boosting the demand for automotive fuel filters in the North American market.

Further, the United States is the largest market holder with nearly 91% market share owing to the larger manufacturer as well as consumer base in the region. These Manufacturers are owning advanced technologies due to which they have a competitive edge in the industry.

Overall, the automotive fuel filter market in North America is likely to observe momentous growth. It is projected to gain nearly 53 BPS in the global market during 2022 & 2032.

Which Region holds for More Higher Demand for Automotive Fuel Filter Market?

The Asia Pacific region has been bifurcated into two parts including East Asia and South Asia & Oceania. South Asia & Oceania automotive fuel filter market is holding significant market share and growing rapidly. It has projected to gain nearly 76 BPS of the global automotive fuel filter market.

Further, East Asia showed tremendous growth in the last half-decade where the Chinese automotive fuel filter market accounts for ~1/10th market share in the global market in 2022. It is estimated to offer an absolute dollar opportunity of USD 247 million during the forecast period.

Automotive Fuel Filter Market forecast analysis by Fact.MR

Category-wise Insights

Which Filter Media of Automotive Fuel Filter is The Largest Contributor to the Automotive Fuel Filter Market?

The automobile fuel filters act as a link between the gasoline tanks and the fuel pumps, preventing contaminants from entering the engine. Automobile gasoline filters are progressively being integrated to prevent the accumulation of debris, pollutants, and dirt, since there is a growing desire for optimum economy and performance.

Synthetic filter, a filter media type, is likely to keep its dominance in the automotive fuel filter market over the assessment years, in terms of value, which holds for 1/4th shares in 2022. Additionally, the segment is forecast to grow at a CAGR of 5.8% and gain nearly 12 BPS by 2032.

Which Sales Channel is poised to Witness Rewarding Growth in Automotive Fuel Filter Market?

With continual use, the fuel injectors get sealed with dirt, dust, and contaminations, causing the pump to apply higher pressure in order to give adequate fuel for the vehicle to run. Inadequate fueling results in inefficient combustion, which damages the engine's other components. However, fuel filters in automobiles must be updated at regular intervals due to wear and tear over time. This opens up the potential for OEMs to sell automobile fuel filter replacements.

The OEM sales channel is largely adopted by the different industries due to which it is anticipated to grow at a CAGR of 6.2% during the assessment period. This is projected to offer an absolute $ opportunity of nearly USD 755 Million to the automotive fuel filter market over the forecast period. 

Competitive Landscape: Top Companies in Automotive Fuel Filter Market

Companies working in the automotive fuel filter industry are widening their product portfolio by introducing new products as demand for fuel filter is decreasing owing to higher demand for e-vehicles.

Also, the key companies have adopted numerous strategies including partnership, merger & acquisition, expansion etc. product development is the key strategy to upscale their market presence among consumers.

Fact.MR has provided detailed information about price points of top manufacturers of automotive fuel filter market positioned across regions, sales growth, production capacity, and speculative technological expansion in the recently published report.

For instance:

  • On October 2021, Donaldson Company, Inc. was recognized by Frost & Sullivan with the 2021 North American Customer Value Leadership Award for increasing the life of customers' equipment with its filters.
  • On 28th July 2021, MAHLE has expanded its range of aftermarket solutions including transmission oil management, calibration, and air conditioning service. In addition, the Group will offer aftermarket solutions for alternative drives through to fuel cell  and battery maintenance.

Global Automotive Fuel Filter Market Segments

  • By Filter Type :

    • Gasoline
    • Diesel
  • By Filter Media :

    • Cellulose Filter
    • Synthetic Filter
    • Others Filter Media
  • By Sales Channel :

    • OEM
    • OES
    • IAM
  • By Vehicle Type :

    • Compact Passenger Cars
    • Mid-sized Passenger Cars
    • Premium Passenger Cars
    • Luxury Passenger Cars
    • Light Commercial Vehicles
    • Heavy Commercial Vehicles
    • Off-Road Vehicles
    • Powersports
    • Lawn Mower
  • By Region :

    • North America
    • Latin America
    • Europe
    • East Asia
    • South Asia & Oceania
    • MEA

- FAQs -

The global value of automotive fuel filter market is estimated to be worth over USD 2.6 Billion in 2022.
The demand is anticipated to surpass USD 4.7 Billion by 2032 end.
During 2017-2021, global automotive fuel filter market grew at 4.6% CAGR.
Some of the prominent players in automotive fuel filter market are Donaldson Company Inc., Robert Bosch GmbH, Mahle Group, Denso Corporation, Sogefi SpA etc.
Europe is projected to lead global automotive fuel filter market by accounting ~35% of global market share in 2022.
Synthetic Filter under the filter media type segment contributed ~29% of market share in global sales of automotive fuel filter during 2021.

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