Automotive Fuel Filter Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 4.00 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | Asia-Pacific |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Automotive Fuel Filter Market Analysis
- The automotive fuel filter market was valued at USD 22 billion and is expected to reach USD 28 billion while registering a CAGR above 4% during the forecast period.
- The COVID-19 pandemic compelled about 95% of all automotive-related companies to put their workforces on hold during the lockdowns, especially in the first half of 2020. Globally, the repercussions of the lockdown have been immense and unprecedented due to the halt of manufacturing activities.
- However, post the pandemic-associated lockdown, vehicle production witnessed significant growth in the second half of 2020 and continued growth in 2021. However, vehicle sales and production in the year 2021 could not rebound to their level of 2019, primarily attributed to the global semiconductor shortage. Although, the market is anticipated to hamper during the forecast period, primarily attributed to growing sales of battery electric vehicles.
- Over the long term, significant expansion of the automotive industry and favorable economic reforms in developing countries will likely boost the automotive fuel filter market. Moreover, rising concerns about the environment and stringent emission standards applicable to the automotive industry enacted by regulatory bodies are anticipated to drive the automotive fuel filter market demand. According to the United States Environmental Protection Agency, there has been a proposal to amend the greenhouse emission standard and corporate average fuel economy (CAFE) standard for vehicle models covering cars and light commercial vehicles.
- Though, on the other hand, increasing adoption of electric vehicles is expected to restrain the market's growth, advancements in automotive fuel filters, on the other hand, can propel the market's growth during the forecast period. Moreover, aftermarket prospects will likely remain critical for industry participants due to the shorter replacement cycle. Furthermore, rising global vehicle production is expected to open up more fuel filter opportunities in the automotive filter aftermarket shortly.
- Geographically, Asia-Pacific is expected to dominate the market owing to rising sales and production of vehicles in the region. North America and Europe are also likely to witness optimistic growth due to increasingly stringent emission regulations in the regions.
Automotive Fuel Filter Market Trends
This section covers the major market trends shaping the Automotive Fuel Filter Market according to our research experts:
Surging Demand for Electric Vehicles to hinder growth of Market
- As the transition toward clean mobility intensifies worldwide, the adoption of electric vehicles has soared in a commensurate manner. According to EV-Volumes data, 1.3 million battery electric vehicles were sold in Europe in 2021. This represents a 65 percent increase in battery electric vehicle sales in the region in 2020. Between 2016 and 2021, the global volume of battery electric vehicles sold increased steadily.
- The automotive fuel filter market's growth is likely to be hit due to the increasing demand for electric vehicles, as these filters are primarily utilized in conventional, fossil fuel-driven vehicles. The heavy reliance of vehicle manufacturers on automotive filters to minimize carbon emissions will thus prove counterproductive for this market, as the growing adoption of electric vehicles will lower the incentives for manufacturers to produce and deploy these components. As a result, the growth of this market will suffer in the process.
- Electric vehicles do not require oil changes or fuel tanks, as no fuel is used to power the engines. As a result, the filter's application is restricted to purifying the energy within the vehicle. The limited scope of filter application in electric vehicles may have a negative impact on automotive filter fuel sales in the coming years.
- Furthermore, as leading countries worldwide promote electric mobility and implement various policies, such as fuel economy standards in conjunction with incentives for zero- and low-emission vehicles, demand for electric vehicles is expected to outpace conventional vehicles. As a result of increasing demand for electric vehicles stifling traditional vehicle growth, the growth of automotive filters is impacted during the forecast period.
Asia-Pacific dominating the Fuel Filter Market
- In terms of geographical regions, Asia-Pacific is expected to lead the automotive fuel filter market, followed by Europe and North America. The fuel filter market is expected to be driven by rising vehicle production in major countries such as China, Japan, and India.
- Regional automakers have been investing in new technologies to augment the production of vehicles, which is stoking the adoption of filters in this region. Moreover, owing to the rapid expansion and enlargement of the auto manufacturing sector in India and China, the demand for automotive filters will likely go up during the forecast period.
- In addition, accelerated urbanization and escalating pollution levels in this region will also promote the uptake of automotive filters. In North America, the market will be primarily driven by the increasing stringency of emission regulations. Automotive engine technologies in North America are becoming increasingly sophisticated, and supplying clean fuel to these complex engines is critical.
- Fuel filters are an integral part of conventional engine vehicles, as they filter the fuel and play a major role in engine efficiency and emissions. Since stringent emission and fuel efficiency norms have been enforced by governments and governing bodies in the region, automotive manufacturers are now compelled to seek different methods to meet these standards. This is driving the demand for automotive fuel filters in these regions.
- For instance, in August 2022, in China, Xi'an Cummins Engine Co., Ltd., a division of Cummins Inc. (Cummins), saw the Xiaoxiang M15 15L engine roll off the assembly line. Customers can change their engine oil every 150,000 kilometers owing to the NanoNet fuel filters.
Automotive Fuel Filter Industry Overview
The market is dominated by key players, such as Denso Corporation, Parker Hannifin Corp, Mahle GmbH, Mann+Hummel, and Cummins Ltd. The major companies are investing in expanding their business by opening new production plants, conducting product launches, and getting into new contracts in the market.
For instance, in October 2022, Sogefi S.p.A (Sogefi) announced that during the first nine months of 2022, the Filtration division obtained contracts for the supply of air purification filters and oil and fuel module filters.
Automotive Fuel Filter Market Leaders
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Cummins Inc.
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Denso Corp
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MAHLE GmbH
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MANN+HUMMEL
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Parker Hannifin Corp.
*Disclaimer: Major Players sorted in no particular order
Automotive Fuel Filter Market News
- September 2022: Gessner of Germany introduced three-layer fuel filter media to protect diesel engines in trucks. Modern trucks travel hundreds of kilometers per day and must be reliable. The high-efficiency filter element adequately protects the engine in harsh environmental conditions. This filter is useful for trucks with high injection pressures.
- August 2022: Hengst Filtration announced its solutions for fuel cells, alternative fuels, oil filtration, and vehicle interiors at the IAA Transportation show in Hannover. Hengst Filtration offers an intelligent fuel filter concept based on commonly available base versions that can be enhanced with innovative add-ons to ensure the increasingly high level of fuel purity required for modern diesel engines.
- April 2021: At the Technology and Maintenance Council (TMC) Spring Meeting, Donaldson Company, Inc. announced its Filter Minder Connect solution, which is available for monitoring fuel filters and engine oil conditions on heavy-duty engines. This product development focuses on increasing filtration efficiency.
Automotive Fuel Filter Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Industry Attractiveness - Porter's Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 Fuel Type
5.1.1 Gasoline
5.1.2 Diesel
5.1.3 Alternative Fuels (Ethanol, CNG, etc.)
5.2 Vehicle Type
5.2.1 Passenger Car
5.2.2 Commercial Vehicle
5.3 Sales Channel
5.3.1 OEM
5.3.2 Aftermarket
5.4 Geography
5.4.1 North America
5.4.1.1 United States
5.4.1.2 Canada
5.4.1.3 Rest of North America
5.4.2 Europe
5.4.2.1 Germany
5.4.2.2 United Kingdom
5.4.2.3 France
5.4.2.4 Rest of Europe
5.4.3 Asia-Pacific
5.4.3.1 China
5.4.3.2 Japan
5.4.3.3 India
5.4.3.4 South Korea
5.4.3.5 Rest of Asia-Pacific
5.4.4 Rest of the World
5.4.4.1 South America
5.4.4.2 Middle East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Vendor Market Share
6.2 Company Profiles*
6.2.1 Ahlstrom-Munksjo Oyj
6.2.2 A. KAYSER AUTOMOTIVE SYSTEMS GmbH
6.2.3 ALCO Filters Ltd
6.2.4 Cummins Inc.
6.2.5 DENSO CORPORATION
6.2.6 Donaldson Company, Inc.
6.2.7 MAHLE GmbH
6.2.8 MANN+HUMMEL
6.2.9 Robert Bosch GmbH
6.2.10 Sogefi Group
6.2.11 Parker Hannifin Corp
6.2.12 Hengst SE
7. MARKET OPPORTUNITIES AND FUTURE TRENDS**
Automotive Fuel Filter Industry Segmentation
An automotive filter, such as a fuel filter, prevents the physical elements present in the fuel from entering the vehicle's engine. Components integrated along with the fuel filter are collectively termed the automotive fuel filter system.
The automotive fuel filter market report has been segmented by fuel type (gasoline, diesel, and alternate fuels), vehicle type (passenger car and commercial vehicle), sales channel (OEM and aftermarket), and geography (North America, Europe, Asia-Pacific, and Rest of the World).
The report offers market size and forecasts for the automotive fuel filter market in value (USD billion) for all the above segments.
| Fuel Type | |
| Gasoline | |
| Diesel | |
| Alternative Fuels (Ethanol, CNG, etc.) |
| Vehicle Type | |
| Passenger Car | |
| Commercial Vehicle |
| Sales Channel | |
| OEM | |
| Aftermarket |
| Geography | |||||||
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Automotive Fuel Filter Market Research FAQs
What is the current Automotive Fuel Filter Market size?
The Automotive Fuel Filter Market is projected to register a CAGR of greater than 4% during the forecast period (2024-2029)
Who are the key players in Automotive Fuel Filter Market?
Cummins Inc., Denso Corp, MAHLE GmbH, MANN+HUMMEL and Parker Hannifin Corp. are the major companies operating in the Automotive Fuel Filter Market.
Which is the fastest growing region in Automotive Fuel Filter Market?
Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Automotive Fuel Filter Market?
In 2024, the Asia-Pacific accounts for the largest market share in Automotive Fuel Filter Market.
What years does this Automotive Fuel Filter Market cover?
The report covers the Automotive Fuel Filter Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Automotive Fuel Filter Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Automotive Filters Industry Report
Statistics for the 2024 Automotive Filters market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Automotive Filters analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
