The Automotive Fuel Filter Market report evaluates the important characteristics of the Automotive Fuel Filter market based on present industry scenarios, market demands and business strategies. The Market report separates the Automotive Fuel Filter industry based on the Types, Applications, Key Players & Regions.
The automotive fuel filter market is expected to register a CAGR of 7.68% during the forecast period. Automobile engines around the world have become very sophisticated and advanced in recent years. These engines have a low tolerance level for low and irregular quality fuel. The high quality of oil fuel filters is thus required to ensure the smooth running of the engine.
Stringent emission regulations
Automotive fuel filters play a very important role in controlling emissions. After the Volkswagen emission scandal, government agencies around the world have become very vigilant with regards to adherence to emission norms, and this has boosted the fuel filters market. Due to alarming pollution levels in cities, emission norms, especially in emerging markets like India and China, are being upgraded at a high rate. India, in order to curb pollution, has decided to leapfrog BS 5 and jump straight to BS 6 by 2022. This is expected to bring the emission requirements of automobiles in India on par with the European norms of 2017. As a result, the fuel filters market in India is anticipated to increase exponentially by 2023.
Asia-Pacific dominating the market growth
The Asia-Pacific Region, despite the sluggish growth in the Chinese market (the largest automobile market in the world), is expected to lead the growth in the automotive oil and fuel filters market. The European and North American markets are also anticipated to see strong levels of growth by 2023 in the light of the recovering automotive sector post the 2008-09 crises. The South American market is forecasted to see sluggish growth due to poor automobile sales as a result of the economic crisis in the Region but is anticipated to bounce back post-2022.
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Automotive Fuel Filter market report provides the comprehensive analysis of the market, based on leading players of present, past of Automotive Fuel Filter Industry and resourceful data that will act as a supportive guide for leading players.
Major Key Players of Automotive Fuel Filter Market Report: Acdelco Corporation, Affinia Group, Alco, Ashley Filters, Cummins, Denso, Mahle, Mann + Hummel Group, Muller, Sogefi Group.
Key Stakeholders in Automotive Fuel Filter Market Report:
- Automotive Fuel Filter Manufacturers
- Automotive Fuel Filter Distributors/Traders/Wholesalers
- Automotive Fuel Filter Subcomponent Manufacturers
- Industry Association
- Downstream Vendors
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In a word, the Automotive Fuel Filter Market report provides major statistics on the state of the Automotive Fuel Filter industry and is a valuable source of guidance and direction for companies and individuals interested in the market.