Global Fuel Filter Market 2017-2021

This industry research report identifies DENSO, Bosch, and Affinia (acquired by MANN+HUMMEL) as the key vendors in the global fuel filter market. This industry research report also presents a competitive analysis of the market by application (passenger cars, LCVs, and M&HCVs) and by geography (the Americas, APAC, and EMEA).

Overview of the global fuel filter market

Market research analysts at Technavio predict that the global fuel filter market will grow steadily during the next four years and in terms of units, will post a CAGR of over 4% by 2021. This market research analysis identifies the increasing demand for logistics by roadways as one of the major factors that will have a positive impact on the growth of the market in the next few years. Due to the limited availability of rail freight services, the developing economies such as China highly prefer road transportation for transporting goods. Similarly factors such as the high cost of rail freight and poor last-mile connectivity are also inducing companies in India to choose road transportation for container transport. Furthermore, it has also been observed that road transportation accounted for about three-quarters of the total freight transportation in Europe during 2015, where about 90% of the total freight transport in countries such as Greece, Spain, and Ireland were through road. This growing demand for freight transportation by road will consequently increase the demand for heavy, medium, and light-duty vehicles, which will in turn, propel the growth of the fuel filter market.

One of the latest trends that will gain traction in the fuel filter market in the coming years is the increase in variety of fuel filters to suit different applications. Due to the need to improve the efficiency of the engines as well as to limit carbon emissions, there has been a growing need for clean fuel supply in internal combustion engines which contain minimum impurities. OEMs are developing fuel filters that can remove unwanted particles from the fuel. Unwanted particles like pollen, dust, liquid droplets, and rust can clog the critical components of the engine such as the carburetor, injector, and the fuel pump which may result in severe damage to the engine and increase fuel consumption. One of the major fuel filter manufacturers ALCO, already offers a number of fuel filters such as cartridge filters, spin-on filters, inline filters, and metal-free filters for various vehicle segments.

Competitive landscape and key vendors

Due to the presence of a limited number of well-established vendors, this market appears to be moderately competitive. Key vendors in this market are currently focusing on growing their customer base and are increasing their investments in R&D. Additionally, the competitive environment in the market is also expected to intensify with advances in technology and government regulations.

The leading vendors in the market are -

• DENSO
• Bosch
• Affinia (acquired by MANN+HUMMEL)

The other prominent vendors in the market include Ahlstrom, MAHLE, and SOGEFI Group.

Segmentation by application and analysis of the fuel filter market

• Passenger cars
• LCVs
• M&HCVs

During 2016, the passenger cars segment accounted for the major shares and dominated this market. Fuel economy is a key factor affecting the buying decision of consumers. The increasing demand for passenger cars especially in APAC due to their features such as the compact size and less carbon emissions, will be the major factor augmenting the growth of this market segment during the next four years.

Geographical segmentation and analysis of the fuel filter market

• Americas
• APAC
• EMEA

This market study estimates that in terms of geographic regions, APAC will be the major revenue contributor to the market throughout the revenue period. The increase in disposable income and the launch of new car models by OEMs boost the growth of the automotive industry in this region. This increase in number of automobiles will result in a rise in the rate of traffic congestion and in the levels of vehicular pollution. As a result, governments in this region will start implementing stringent regulations on the sales of passenger cars and vehicular emissions, which will consequently propel the growth of the fuel filter market.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global fuel filter market?
• What are the key market trends impacting the growth of the global fuel filter market?
• What are the challenges to market growth?
• Who are the key vendors in the global fuel filter market?
• What are the market opportunities and threats faced by the vendors in the global fuel filter market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global fuel filter market? 

Technavio also offers customization on reports based on specific client requirement.