Rockville, MD -- (SBWire) -- 07/10/2018 --A recent offering by FactMR focusing on the exclusive updates and opportunities in the global car fuel filter market has been broadcasted to its mega-repository. This 170 page study is titled as "Car Fuel Filter Market Forecast, Trend Analysis & Competition Tracking: Global Review 2017 to 2022", which acts as an essential tool for various prime players involved in the manufacturing of car fuel filter market. Besides, the report can support readers to gain sharp insights into the market with which they can make informed decisions and also frame effective key strategies for the future. With an extensive forecast to 2022, the study aims to provide a holistic perspective on the market's growth in terms of revenue in US$ Mn and CAGR.
Request Free Sample Report- https://www.factmr.com/connectus/sample?flag=S&rep_id=136
A fuel filter is a fuel line filter that automatically screens out rust and dust particles from the fuel and it is usually in cartridges that contain a filter paper. Fuel filters are now in almost all types of combustion engines and they serve a critical role in tight-tolerance engines. Fuel filters need to be maintained regularly and they improve performance considerably, making them vital in a combustion engine. The FactMR report anticipates the car fuel filter market to grow with a modest CAGR of 2.8% to a value of almost US$ 440 million by the year 2022.
Highlights of the Car Fuel Filter Market
1. 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.
2. 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.
3. 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.
4. The compact car segment accounts for a third of the revenue share in the car fuel filter market by vehicle type and is especially important in emerging economies where the price-sensitivity is higher than in Europe or North America. The compact car segment is predicted to be worth roughly US$ 120 million in 2022 and companies in the car fuel filter market are advised to make their business strategies keeping this in mind.
Browse Full Report with TOC- https://www.factmr.com/report/136/car-fuel-filter-market
Close Competition between Spin-on Filters and Inline Fuel Filters
The market opportunity is likely to be similar in the spin-on filter and inline fuel filter segment as both have a revenue share of more than a fifth of the car fuel filter market. The spin-on filter segment is on track to be worth more than US$ 100 million by the end of the forecast period. Europe contributes more than a quarter of the revenue in the car fuel filter market for the spin-on filter segment and companies would be advised to focus their energy on this continent. While the continent is also a strong market for inline fuel filters, APEJ is projected to record a strong CAGR and it could even become larger than Europe in the long-term on account of a massive population that seeks out personal mobility coupled with strong economic growth.
Nylon Fuel Filters Could be the Dark Horse in the Car Fuel Filter Market
At present, nylon fuel filters comprise less than a sixth of the car fuel filter market in terms of revenue. However, there is a possibility that large investments into this promising material could make it much more important in the longer term. Europe and APEJ are the only two regions that are estimated to be worth more than US$ 15 million by the end of 2022 and companies are advised to take this into consideration while devising their business strategies.
Buy this Report- https://www.factmr.com/checkout/136/S
Global Car Fuel Filter Market Poised to Expand at a Robust Pace over 2022
A fuel filter is a fuel line filter that automatically screens out rust and dust particles from the fuel and it is usually in cartridges that contain a filter paper.