Vehicle Fuel Filters reach $5 billion globally as Producers Push New Technology

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May 28, 2019, 13:40 ET

CLEVELAND, May 28, 2019 /PRNewswire/ -- According to the new study Global Filters, global demand for internal combustion engine fuel filters is forecast to expand 4.8% annually to nearly $5.0 billion in 2022. In addition to the global expansion in the production and use of internal combustion engine transportation equipment and off-road machinery, gains will be aided by technological innovation, particularly as the types of fuels used (e.g., gasoline, low-sulfur diesel, ethanol and ethanol blends, and biodiesel and biodiesel blends) continue to evolve, because different fuel formulations present different challenges to fuel filters.

More information about the study is here: https://www.freedoniagroup.com/industry-study/global-filters-3711.htm

Through 2022, the majority of new fuel filter demand will be concentrated in the massive Asia/Pacific market, which is expected to register the largest gains in transportation equipment and off-road machinery production. The growing use of these machines in the region will also greatly contribute to gains. Advances in the Africa/Mideast and Central and South American markets are also expected to exceed the global average pace, supported by these same trends.

Among the leading producers of internal combustion engine fuel filters are:

CLARCOR (Parker-Hannifin)
Cummins
DENSO
Donaldson
MAHLE
MANN+HUMMEL
UCI

Global Filters (published 04/2019, 470 pages) is available for $6500 from The Freedonia Group. Please link citations to https://www.freedoniagroup.com/Global-Filters-Market-Forecast.html

About The Freedonia Group, a division of MarketResearch.com – The Freedonia Group is a leading international industrial research company publishing more than 100 studies annually. Since 1985, we have provided research to customers ranging in size from global conglomerates to one-person consulting firms. More than 90% of the industrial companies in the Fortune 500 use Freedonia Group research to help with their strategic planning. Additional Industrial Components studies can be purchased at www.freedoniagroup.com, www.marketresearch.com and www.profound.com.

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SOURCE The Freedonia Group