Share, Trends, Key Players, Growth Statistics, with historic and forecast data up to 2023. For better easy understanding this report segments Global Automotive Fuel Filter Market 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

The prominent players profiled by MRFR that are operating in the global automotive fuel filter market are Mann+Hummel, Cummins Ltd, Ahlstrom-Munkjso, ALCO Filters Ltd, Denso Corporation, Parker Hannifin Corp, Donaldson Company Inc., Hengst SE, Mahle GmbH, and Sogefi SpA.

MRFR reports in its study that the global market for automotive fuel filter will witness a steady CAGR of 5.05% between 2018 and 2023.

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Market Overview:

Automotive fuel filter aids in improving efficiency of automotive engine and reducing the emission rate of automobiles by effectively filtering the fuel utilized for combustion. Market Research Future (MRFR) has published a report asserting that the global automotive fuel filter market is market to expand moderately at a CAGR of 5.05% over the forecast period of 2018-2023.

Market Drivers:

Rapid rise in global population and increased disposable income have led to the rise in demand for automobiles all over the world, which in turn is propelling the growth of the global automotive fuel filter market. Stringent regulatory framework imposed by the government of various regions in order to control the emission rate of vehicles and need for improvement in vehicle efficiency with reduced fuel consumption are some other factors that are fueling the expansion of the global automotive fuel filter market. Additionally, introduction of high performance automotive engines and rise in demand for luxury vehicles are leading to the growth of the global automotive fuel filters market during the forecast period.

Market Segmentation:

The global automotive fuel filter market has been segmented on the basis of fuel type, filter material, sales channel and vehicle type. Based on fuel type, the automotive fuel filter market has been segmented into gasoline and diesel. The diesel segment command for the major share in the global automotive fuel filter market and is projected to expand at a CAGR of 4.9% during the forecast period owing to the increased sales of diesel cars and rapid development of transport industry. Based on filter material, the automotive fuel filter market has been segmented into cellulose, synthetics and others. The cellulose segment commands for the major share of 45.7% in the global automotive fuel filter market. Based on sales channel, the automotive fuel filter market has been segmented into OEM and aftermarket. The aftermarket segment is forecasted to expand significantly in the global automotive fuel filter market during the forecast period. Based on vehicle type, the automotive fuel filter market has been segmented into passenger car, light commercial vehicle and heavy commercial vehicle. The passenger vehicle segment commands for the major share of 64% in the global automotive fuel filter market owing to the increased sales of passenger vehicles in the global market.

Regional Analysis:

geographically, the global automotive fuel filter market has been segmented into North America, South America, Europe, Asia Pacific and the Middle East and Africa. The Asia Pacific region commands for the major share in the global automotive fuel filter market owing to the rise in demand for automobiles, increasing disposable income, upsurge in the infiltration level of vehicles and rise in emergence of reduced emission rate of vehicles in this region. The presence of large number of fuel filter manufacturers in the emerging economies is also attributing to the expansion of the automotive fuel filter market in the Asia Pacific region. The automotive fuel filter market in the North America region is expanding at a significant growth rate and commands for the second largest share in the global automotive fuel filter market owing to the high demand for automotive and strict regulatory framework imposed by government regarding the emission rate of the vehicles in this region. The Europe region is likely to witness substantial growth in the global automotive fuel filter market over the assessment period owing to the strategic planning for emission reduction by 20% by the end of 2020 in this region. Flourishing automobile industry is aiding the expansion of the automotive fuel filter market in South America and the Middle East and Africa region.

Competitive Analysis:

The players operating in the global fuel filter market are focusing on business expansion by increasing the investment on research activities in order to develop highly efficient fuel filters that can significantly reduce the vehicle emission. The initiatives such as strategic mergers and acquisitions are aiding the players in sustaining the competitive environment of the global automotive fuel filter market.

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