Automotive Fuel Filter Market - Growth, Trends, COVID-19 Impact, and Forecast (2021 - 2026)

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 forecast for the automotive fuel filter market in value (USD billion) for all the above segments.

Market Snapshot

Automotive Fuel Filter Market Overview
Study Period: 2018 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: Asia Pacific
CAGR: >4 %
Automotive Fuel Filter Market Major Player

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Market Overview

The automotive fuel filter market was valued at USD 22 billion in 2020. The market is expected to reach USD 28 billion by 2026 while registering a CAGR of above 4% during the forecast period (2021-2026).

The COVID-19 pandemic has compelled about 95% of all automotive-related companies to put their workforces on hold during the lockdowns. Globally, the repercussions of the lockdown have been immense and unprecedented due to the halt of manufacturing activities. However, the market is expected to regain its momentum as economic activities resume and vehicles' production also rises across the world.

Significant expansion of the automotive industry and favorable economic reforms in developing countries are likely to 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. For instance,

· 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 one hand, increasing adoption of electric vehicles is expected to restrain the growth of market, advancements in automotive fuel filters, on the other hand, can propel growth of the market during the forecast period. 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 owing to increasing stringent emission regulations in the regions.

Scope of the Report

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.

They are crucial for the trouble-free operation of cars, as they help filter impurities that are likely to enter the engine, thereby extending the vehicle's life. The fuel filter is a type of oil filter utilized to clean the fuel, which is injected into the vehicle's engine. The scope of the report offers details about the latest technologies and developments in the market.

The automotive fuel filter market has been segmented by fuel type, vehicle type, sales channel, and geography. By fuel type, the market has been segmented into gasoline and diesel, while by vehicle type, the market has been segmented into passenger car and commercial vehicle.

By sales channel, the market has been segmented into OEM and aftermarket. Finally, by geography, the market has been segmented into North America, Europe, Asia-Pacific, and the Rest of the World. For each segment, market sizing and forecast have been done based on value (USD billion).

Fuel Type
Gasoline
Diesel
Alternative Fuels (Ethanol, CNG, etc.)
Vehicle Type
Passenger Car
Commercial Vehicle
Sales Channel
OEM
Aftermarket
Geography
North America
United States
Canada
Rest of North America
Europe
Germany
United Kingdom
France
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Rest of Asia-Pacific
Rest of the World
South America
Middle East and Africa

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Key Market Trends

Surging Demand for Electric Vehicles to hinder growth of Market

As the transition toward clean mobility intensifies across the world, the adoption of electric vehicles (EVs) has soared in a commensurate manner. Recent data released by the International Energy Agency (IEA) show that electric car sales reached 2.1 million in 2019, overtaking the levels attained in 2018. The global EV stock stood at 7.2 million in 2019, with EVs now accounting for 1% of the global car stock.

The automotive fuel filter market’s growth is likely to be hit due to the increasing demand for EVs 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 EVs 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.

Moreover, as leading countries worldwide are promoting electric mobility and taking a variety of measures, such as fuel economy standards coupled with incentives for zero- and low-emission vehicles, demand for electric vehicles is expected to increase over conventional vehicles. Thus, increasing demand for EVs to hinder conventional vehicles’ growth is, in turn, affecting automotive filters’ growth during the forecast period.

Automotive Fuel Filter Market Trends

Asia-Pacific dominating the Fuel Filter Market

In terms of geographical regions, the automotive fuel filter market is expected to be dominated by Asia-Pacific, followed by Europe and North America. The growing vehicle production in major countries, such as China, Japan, and India, is likely to drive the fuel filter market.

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 is likely to 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.

Automotive Fuel Filter Market Growth

Competitive Landscape

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 and conducting product launches in the market. For instance,

  • In June 2019, Mahle GmBH introduced a new fuel filter clean line. This fuel filter guarantees lower maintenance costs for the fuel pumps and injection nozzles. They also safeguard the injection systems though the fuel may be of poor quality.
  • In August 2019, Mann+Hummel, a global expert in filtration solutions based in Ludwigsburg, Germany, announced the finalization of the acquisition of Hardy Filtration. This acquisition is intended to expand the company's global footprint and manufacturing capabilities of the Tri-Dim Filter Corporation, which Mann+Hummel acquired in 2018.

Recent Developments

  • In 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.
  • In July 2020, Hengst Filtration announced that it had acquired the hydraulic filtration business of Bosch Rexroth AG. With this acquisition, Hengst sustainably extended its Industrial Filtration division which commenced with the take-over of Nordic Air Filtration and Delbag.
  • In June 2020, Donaldson Company, Inc. announced that it had reached a mutual agreement with Nelson Global Products, Inc. to terminate Nelson’s previously disclosed purchase offer for Donaldson’s Exhaust and Emissions (E&E) business. The transaction would have included Donaldson’s dedicated E&E sales and engineering functions, production facilities, and lab capabilities.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Industry Attractiveness - Porter's Five Forces Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Fuel Type

      1. 5.1.1 Gasoline

      2. 5.1.2 Diesel

      3. 5.1.3 Alternative Fuels (Ethanol, CNG, etc.)

    2. 5.2 Vehicle Type

      1. 5.2.1 Passenger Car

      2. 5.2.2 Commercial Vehicle

    3. 5.3 Sales Channel

      1. 5.3.1 OEM

      2. 5.3.2 Aftermarket

    4. 5.4 Geography

      1. 5.4.1 North America

        1. 5.4.1.1 United States

        2. 5.4.1.2 Canada

        3. 5.4.1.3 Rest of North America

      2. 5.4.2 Europe

        1. 5.4.2.1 Germany

        2. 5.4.2.2 United Kingdom

        3. 5.4.2.3 France

        4. 5.4.2.4 Rest of Europe

      3. 5.4.3 Asia-Pacific

        1. 5.4.3.1 China

        2. 5.4.3.2 Japan

        3. 5.4.3.3 India

        4. 5.4.3.4 South Korea

        5. 5.4.3.5 Rest of Asia-Pacific

      4. 5.4.4 Rest of the World

        1. 5.4.4.1 South America

        2. 5.4.4.2 Middle East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Vendor Market Share

    2. 6.2 Company Profiles*

      1. 6.2.1 Ahlstrom-Munksjo Oyj

      2. 6.2.2 A. KAYSER AUTOMOTIVE SYSTEMS GmbH

      3. 6.2.3 ALCO Filters Ltd

      4. 6.2.4 Cummins Inc.

      5. 6.2.5 DENSO CORPORATION

      6. 6.2.6 Donaldson Company, Inc.

      7. 6.2.7 MAHLE GmbH

      8. 6.2.8 MANN+HUMMEL

      9. 6.2.9 Robert Bosch GmbH

      10. 6.2.10 Sogefi Group

      11. 6.2.11 Parker Hannifin Corp

      12. 6.2.12 Hengst SE

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS**

**Subject to Availability

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Frequently Asked Questions

The Automotive Fuel Filter Market market is studied from 2018 - 2026.

The Automotive Fuel Filter Market is growing at a CAGR of >4% over the next 5 years.

The Automotive Fuel Filter Market is valued at 22 Billion USD in 2018.

The Automotive Fuel Filter Market is valued at 28 Billion USD in 2026.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

Asia Pacific holds highest share in 2020.

Cummins Inc., Denso Corp, MAHLE GmbH, MANN+HUMMEL, Parker Hannifin Corp. are the major companies operating in Automotive Fuel Filter Market.

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