Automotive Fuel Filter Market: OEMs Remain the Most Lucrative Sales Channel Globally

Factmr

Dublin 2, Ireland, 10 Oct 2017: Increasing demand for performance efficiency is projected to fuel adoption of fuel filter in the automotive industry. Moreover, growing need to replace the clogged fuel filters is projected to impact the global market growth of fuel filter significantly. Fact.MR projects the global automotive fuel filter market to reflect a CAGR of 5.8% over the forecast period, 2017-2022.

 

Factors Fuelling Growth of the Global Market:

Growth of the global market of automotive fuel filter is bound by several macro-economic, and micro-economic factors. With increasing need to safeguard the fuel lines in a vehicle, adoption of fuel filters is likely to increase among the manufacturers. Accumulation of contamination, dust, dirt, and dander leads to blocked filters and injectors, which obstructs the functioning of the vehicles. Accumulating pollutants further seal the fuel filters, due to which additional pressure is exerted by the pump in order to supply sufficient fuel for combustion. Inadequate combustion due to insufficient supply further leads to harmful emission in the vehicle. Clogged filters further continues to damage the other components of the engine. Bound to these factors, demand for automotive fuel filter continue to increase among the automotive manufacturers globally.

Major market players are increasingly concentrating on launching advanced technology for the fuel filters that extends the interval of replacements. In addition, several leading suppliers are concentrating on developing gasoline direct injection integrated with enhanced technology, which lowers the production of CO2 and improves fuel economy of the vehicles. Demand for fuel filters integrated with enhanced technology in the transport, agriculture, and healthcare industry will continue to increase in the global market.

Adoption of fuel filters will also continue to increase attributed to growing need for replacement of a clogged fuel filter in the vehicles. Clogged filters can obstruct the functioning of the engine, which further lowers the performance of the vehicle. As focus on fuel efficiency gains traction, manufacturers are likely to incorporate advanced filters. This is likely to create new growth avenues for the automotive fuel filter industry.

 

OEM Continues to Remain an Attractive Sales Channel:

With increasing demand for fuel efficiency, adoption of diesel filters are expected to increase in the automotive industry. Diesel filter is predicted to sell more than the gasoline filters in the global market. Demand for diesel filters is likely to surpass US$ 400 Mn by 2022-end. On the other hand, the gasoline filters will continue to witness fastest growth in the global market through 2022.

By sales channel, the OEM segment will continue to generate significant revenues, recording more than US$ 230 Mn by 2017-end. The OEM sales channel segment is projected to reflect a relatively high CAGR in the global automotive fuel filter market through 2022.

On the basis of filter media, the cellulose filter media segment will continue to witness the fastest growth.

Adoption of fuel filters will be high in compact cars as compared to other passenger cars. The compact passenger car vehicle type segment will continue to represent a relatively high growth in terms of revenue, recording more than US$ 120 Mn by 2017-end.

Market Players:

Major players in the global market of automotive fuel filter are Robert Bosch GmbH, Donaldson Company Inc., Denso Corporation, Mahle Group, K&N Engineering, Sogefi SpA, Cummins Inc., Champion Laboratories Inc., Freudenberg & Co KG, FRAM Group IP LLC, Mann + Hummel GmbH, UFI Filters Spa, and Hengst SE & Co KG.

 

About Fact.MR:

Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that’s why we publish multi-industry global, regional, and country-specific research reports.

 

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5 Key Projections on Automotive Oil Filter Market for Forecast Period 2017-2022

 

Dublin 2, Ireland, Oct 9, 2017– Automotive oil filters help to remove contaminants from the oil. Oil filter in an internal combustion engine in vehicle helps to eliminate wear particles, transfers heat to cool the engine, and lubricates internal parts. With the increase in a number of vehicles manufactured, the demand for the automotive oil filter is also rising. Hence, manufacturers are working on improving the filter design and technology to ensure it works with increased engine power. Manufacturers of automotive oil engine are also focusing on developing filters, eliminating the need to change the oil filter for a long time. Automakers are also moving towards constructing replaceable element filter, leading to minimizing waste with each filter change. Better filter efficiency is also one of the vital focus areas for manufacturers. They are offering improving filter efficiency to hold or capture even the smallest particles, ensuring better engine performance.

According to the report compiled by Fact.MR, the global automotive oil filter market is likely to witness a steady growth, registering 5.4% CAGR during 2017-2022. Owing to the increasing number of cars manufactured globally, the demand for the automotive oil filter is also rising. With new car models and advanced engine, manufacturers of automotive oil filters are also using advanced technology to capture and hold particles, ensuring smooth engine function. Below given insights show how the global market for automotive oil filter will perform in the coming years.

 

5 Forecast Highlights on Global Automotive Oil Filter Market

Europe is expected to remain dominant in the global automotive oil filters market. Europe automotive oil filter market is estimated to exceed US$ 1,000 million value by the end of 2022. Stringent emission norms and rising environmental awareness by the government is one of the factors driving the demand for automotive oil filters in the region.

North America is likely to emerge as the second most dominating market. Due to the rise in new vehicle models, new technologies are being used in automotive oil filters. Moreover, new emission norms are also being imposed by the government which is further contributing to the growth of North America automotive oil filter market.

Sales of automotive oil filters is expected to be highest through IAM. Towards the end of 2022, IAM is likely to surpass US$ 1000 million revenue. Meanwhile, OEM will also account for nearly two-fifth of the revenue share by 2017 end.

The synthetic automotive oil filter is likely to be one of the highly preferred oil filters for vehicles. During 2017-2022, the synthetic filter is projected to create an incremental opportunity of more than US$ 200 million.

Mid-sized passenger cars are likely to emerge as the largest users of the automotive oil filters. Mid-sized passenger cars are projected to bring in nearly US$ 600 million revenue towards 2022 end. Although compact passenger cars will also witness steady growth during the forecast period, 2017-2022.

The report also provides a detailed profile of the various key players in the global automotive oil filter market, to remain active through 2022. These include companies such as FRAM Group IP LLC, Sogefi SpA, Donaldson Company, Inc., Mann+Hummel GmbH, Cummins Inc., Denso Corporation, K & N Engineering Inc., Champion Laboratories, Inc., Hengst SE & Co. KG, Mahle Group, UFI Filters Spa, Freudenberg & Co. KG, and Robert Bosch GmbH.

 

About Fact.MR

Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that’s why we publish multi-industry global, regional, and country-specific research reports.

 

Contact Fact.MR

 

Fact.MR

Office: Dublin 2

Suite 9884

27 Upper Pembroke Street,

Dublin 2, Ireland

Tel: +353-1-6111-593

Email: sales@factmr.com

Web: http://www.factmr.com/

Norway Oil and Gas Industry Market Research by Key Regions, Type, Industry Analysis and Forecasts 2017

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This strategic Oil and Gas industry report also details key drivers and issues in 2017 and for long term future. The pdf offers in-depth insights into the country’s oil and gas market in current dynamic global conditions with clear future trends.

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With 12+ years of energy industry expertise, our analysts offer unparalleled independent research and analysis on different factors affecting the growth of Norway oil and gas markets. Industry approved forecasts enable oil and gas industry planners to make confident business decisions. Our proprietary market and modelling expertise ensures most reliable forecasts for the future of Norway oil and gas with forecasts based on wide set of underlying parameters.

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