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Automotive Filters Market Growth Projections and Opportunities
The global market for automotive fuel filters is expected to grow by 5.05% every year from 2018 to 2023. In 2017, Asia Pacific was the leader in this market, with 35.26% share, followed by North America with 29.58% and Europe with 24.12%. This growth is driven by strict rules about fuel quality, more major companies selling fuel filters after the initial sale, and fast improvements in technology.
The global automotive fuel filter market is divided into different categories, including the type of fuel, where the filters are sold, the material of the filter, the type of vehicle, and where in the world the filters are used. Among all types of fuel, diesel was the most common, making up 57.9% of the global market for automotive fuel filters. On the other hand, gasoline was the second most common type of fuel, making up 42.1% of the market in the same year. When it comes to the material used for the filter, cellulose was the most common, accounting for 45.7% of the global market for automotive fuel filters. In the same year, synthetic materials made up 38.4% of the market. In terms of where the filters are sold, the aftermarket was the most common, making up 52.4% of the global market for automotive fuel filters, while the original equipment manufacturer (OEM) segment made up 47.6%. When it comes to the type of vehicle, passenger cars made up 64.0% of the global market for automotive fuel filters, and light commercial vehicles made up 25.8%.
The demand for automotive fuel filters is increasing due to stricter regulations, more companies selling filters after the initial sale, and technological advancements. Diesel fuel filters are the most common, and cellulose is the most widely used filter material. Most filters are sold in the aftermarket, and passenger cars are the main vehicles using these filters. This growth trend is expected to continue in the coming years, shaping the automotive fuel filter market.
Covered Aspects:| Report Attribute/Metric | Details |
|---|---|
| Market Size Value In 2022 | USD 25.1 Billion |
| Market Size Value In 2023 | USD 25.8 Billion |
| Growth Rate | 3.00% (2023-2032) |
Automotive Filters Market Highlights:
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