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Sales of Car Fuel Filter Market to be Worth US$ 435 Million by 2022 end | Champion Laboratories, UFI Filters SpA, Valeo SA

06-03-2021 09:58 PM CET | Tourism, Cars, Traffic

Press release from: Fact.MR

The automobile industry is one of the most critical for any nation’s economic development which is why countries focus so much attention on it. Global carmakers have shifted their focus to emerging markets as the strong economic growth there has led to an increased desire for personal mobility.

Click here to Get Complete Synopsis of the Report – https://www.factmr.com/report/136/car-fuel-filter-market

With a number of emission scandals dominating headlines in the last few years, customers would naturally be concerned with the quality of fuel used in their vehicles, making the car fuel filter market get its fair share of the limelight. Proactive customers, coupled with stricter governmental regulations pertaining to emissions, are expected to make the fuel filter market boom in the long term.

The car fuel filter market is on track to record a modest CAGR of 2.8% and be worth approx. US$ 435 million by the end of the forecast period i.e. 2022.

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Highlights of the Car Fuel Filter Market

• Diesel has had a reputation for some time now as the ‘dirtier fuel’ which is why it is expected to comprise nearly 3/5th revenue share in the car fuel filter market by fuel type. Commercial vehicles in particular, both light commercial vehicles as well as heavy commercial vehicles often rely on diesel over gasoline and they would need fuel filters to ensure that their emissions are in-line with governmental norms. Diesel is much more popular in Europe as opposed to North America and the Europe diesel fuel filter market is on track to be worth almost US$ 64 million in 2022.

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• Gasoline occupies the balance 2/5th revenue share in the car fuel filter market. Gasoline is generally considered ‘cleaner’ than diesel which explains its popularity in the passenger vehicle segment. However, the fuel quality in emerging markets is often of an inferior quality when compared to developed countries for a number of reasons. If fuel filters are not deployed, there is a high probability that the combustion engine can get damaged with dust particulates. Thus, a market opportunity of just under US$ 180 million by 2022 exists in the gasoline fuel filter market as well. Companies could look at targeting North America over Europe as consumers there express an overwhelming preference for gasoline vehicles over their diesel counterparts.

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• The premium passenger car segment represents a small market opportunity in the car fuel filter market in terms of vehicle type. However, it would be unwise to ignore a market of nearly US$ 50 million by end 2022 as rising disposable incomes would make consumers demand premium passenger cars in the long run. Europe and APEJ are neck-and-neck in the premium passenger car segment and it will be interesting to see if and when APEJ outpaces Europe.

Read More Trending and Similar Reports from Fact.MR – https://www.globenewswire.com/en/news-release/2018/10/25/1627070/0/en/Automotive-Fuel-Injectors-Market-Witnesses-a-1-8x-Increase-in-Sales-of-Gasoline-Direct-Injectors-in-2018-Over-2017-says-Fact-MR.html

Market Taxonomy

Product Type
• Spin-on Fuel Filters
• Inline Fuel Filters
• Cartridge Fuel Filters
• Nylon Fuel Filters
• In-tank Fuel Filters
• Universal Fuel Filters

Sales Channel
• OEM
• OES
• IAM

Vehicle Type
• Compact Passenger Cars
• Mid-sized Passenger Cars
• Premium Passenger Cars
• Luxury Passenger Cars

Fuel Type
• Diesel Fuel Filters
• Gasoline Fuel Filters

For comprehensive insights on this market adoption, ask an analyst here - https://www.factmr.com/connectus/sample?flag=AE&rep_id=136

The car fuel filter market report has profiled prominent companies such as Champion Laboratories, UFI Filters SpA, Valeo SA, Hengst SE, Cummins Inc., and Sogefi SpA.

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Content Source: https://www.factmr.com/media-release/124/car-fuel-filter-market

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