Global Fuel Filter Market 2017-2021
About Fuel Filter
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.
Technavio’s analysts forecast the global fuel filter market to grow at a CAGR of 4.31% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global fuel filter market for 2017-2021. To calculate the market size, the report considers the number of vehicles sold in different regions.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Fuel Filter Market 2017-2021
Technavio recognizes the following companies as the key players in the global fuel filter market: DENSO, Bosch, and Affinia (acquired by MANN+HUMMEL).
Other Prominent Vendors in the market are: Ahlstrom, MAHLE, and SOGEFI Group.
Commenting on the report, an analyst from Technavio’s team said: “One trend in market is increase in variety of fuel filters to suit different applications. There has been a growing need for clean fuel supply in internal combustion engines, which contains minimum impurities, to improve the efficiency of the engines as well as to curb carbon emission. The combustion chamber is where the fuel is contaminated with unwanted particles such as pollens, dust, liquid droplets, and rust.”
According to the report, one driver in market is increase in demand for logistics by roadways. Growing preference for road transportation and subsequent increase in the use of heavy, medium, and light-duty vehicles in emerging countries, such as China and India, will see less share of rail being used for transport. In China, huge traffic congestions are caused due to large heavy-duty trucks transporting goods from inner Mongolia to Beijing. One of the main reasons for opting road transport for transporting cargo is the limited number of rail freight services within the country. The lack of sufficient freight services is causing companies to choose roadways as a reliable mode of transportation of products.
Further, the report states that one challenges in market is rising demand for electric vehicles. The electric vehicle sales started picking up since 2014. The electric vehicles market is nurtured by the governments, globally, to curb carbon emission. The global electric vehicle market is flourishing due to numerous benefits and subsidies provided by the governments and increased awareness among the people to curb greenhouse gases. Other factors, such as the existence of stringent carbon emission norms targeting the OEMs, increased cooperation among foreign and regional players toward a cleaner environment, and increased consumer interest to adopt electric vehicles, contribute to the rising demand for electric vehicles.
DENSO, Bosch, and Affinia (acquired by MANN+HUMMEL), Ahlstrom, MAHLE, and SOGEFI Group.
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