Global Fuel Filter Market Predicted to Grow at a CAGR of 4.31% during the period 2017-2021
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  • Global Fuel Filter Market Predicted to Grow at a CAGR of 4.31% during the period 2017-2021

    (Transportation-News.com, May 22, 2017 ) The basic function of fuel filters is to prevent the entry of unwanted particles into the engine, which can severely affect the performance of engines. Fuel filters trap the large particles before reaching the engine, which may otherwise clog the fuel injectors of vehicles and prevent the proper amount of fuel from entering the cylinder. A well-maintained fuel filter is vital for the proper and smooth functioning of vehicles. Fuel filters are of different types and vary from vehicle to vehicle. An engine fueled by carburetor has a low-pressure fuel system and utilizes vacuum to suck the fuel into the engine. The fuel is then passed through the rubber hoses. A fuel filter has two valves, an inlet and an outlet, through which the fuel is passed.

    Technavios analysts forecast the global fuel filter market to grow at a CAGR of 4.31% during the period 2017-2021.

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    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.

    The market is divided into the following segments based on geography:
    Americas
    APAC
    EMEA

    Technavio's report, Global Fuel Filter Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

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    Key vendors
    DENSO
    Bosch
    Affinia (acquired by MANN+HUMMEL)
    Other prominent vendors
    Ahlstrom
    MAHLE
    SOGEFI Group

    Market driver
    Increase in demand for logistics by roadways.
    For a full, detailed list, view our report

    Market challenge
    Emphasis on public transport to curb greenhouse gases.
    For a full, detailed list, view our report

    Market trend
    Increase in variety of fuel filters to suit different applications.
    For a full, detailed list, view our report

    Key questions answered in this report
    What will the market size be in 2021 and what will the growth rate be?
    What are the key market trends?
    What is driving this market?
    What are the challenges to market growth?
    Who are the key vendors in this market space?
    What are the market opportunities and threats faced by the key vendors?
    What are the strengths and weaknesses of the key vendors?

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