Automotive Fuel Filter Market Is Expected To Grow At A CAGR Of 6.5% By 2023

Market Highlights:
The automotive fuel filter is used to prevent the dust particles from interfering with the system. It eliminates the dust particle from the fuel, preventing the dust to enter into the fuel pump. Fuel pumps are generally used for controlling emissions to protect the environment. If dust particle enter the fuel pump, they cause a system breakdown. So fuel filters are widely used in automobiles to reduce instances of breakdown. The major drivers for the automotive fuel filter market are increase in the vehicle production and stringent government regulation for the emission control. Other factors that are responsible for the growth of this market are growth in automotive industry and technology advancement.

Key Players:
The key players in automotive fuel filter market are Mann+Hummel (Germany), ALCO Filters Ltd (Cyprus), Ahlstrom Corporation (Finland), Cummins Inc. (U.S.), Sogefi SpA (Italy), Donaldson Co. Inc. (U.S.), Mahle GmbH (Germany), Clarcor Inc. (U.S.), Denso Corp. (Japan), and Hengst SE & Co. KG (Germany).

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Market Research Analysis:
Asia-Pacific is expected to dominate the automotive fuel filter market during the forecast period due to the rising vehicle production in the developing countries such as India, China, South Korea, and Indonesia. The rising per capita income in these countries is also expected to result in the growth of this region. North America is expected to be the second largest region in the fuel filter market due to the increase in the number of the eco-friendly automobiles and stringent government regulations for the use of eco-friendly components in the vehicles. Europe is expected to emerge as a small portion of the fuel filter market during the forecast period. The global automotive fuel filter market is expected to grow at a CAGR of 6.5 % during the forecast period.

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Scope of the Report:
This study provides an overview of the global automotive fuel filter market, tracking three market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global automotive fuel filters market by its vehicle type, by fuel type, by sales channel, and by region.

By Vehicle Types
• Passenger car
• LCV
• HCV

By Fuel Type
• Gasoline
• Diesel

By Sales Channel
• OEM
• Aftermarket

By Region
• North America
• Europe
• Asia Pacific
• Rest of the World

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This release was published on openPR.