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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 Industry is market to expand moderately at a CAGR of 5.05% over the forecast period of 2018-2023.
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 Industry. 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 Industry. 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.
Segmentation
The global Automotive Fuel Filter Industry has been segmented on the basis of fuel type, filter material, sales channel and vehicle type. Based on fuel type, the Automotive Fuel Filter Industry has been segmented into gasoline and diesel. The diesel segment command for the major share in the global Automotive Fuel Filter Industry 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 Industry 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 Industry. Based on sales channel, the Automotive Fuel Filter Industry has been segmented into OEM and aftermarket. The aftermarket segment is forecasted to expand significantly in the global Automotive Fuel Filter Industry during the forecast period. Based on vehicle type, the Automotive Fuel Filter Industry 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 Industry owing to the increased sales of passenger vehicles in the global market.
Regional Analysis
geographically, the global Automotive Fuel Filter Industry 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 Industry 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 Industry in the Asia Pacific region. The Automotive Fuel Filter Industry 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 Industry 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 Industry 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 Industry 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 Industry.
The prominent players profiled by MRFR that are operating in the global Automotive Fuel Filter Industry 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.
Read More :
https://github.com/samirk18/MRFR-SagarKinagi/issues/35#issue-577775210
https://issuu.com/www.marketresearchfuture.com/docs/industrial_packaging_industry_
https://www.docdroid.net/FX9ySI1/anti-counterfeit-packaging-market-size.pdf
https://www.4shared.com/office/Jutpx_cOiq/Bioplastic_Packaging_Market_Sh.html
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