The global hydraulic filter market is forecast to grow at a CAGR of 4.4% from 2018 to 2023

LONDON, Feb. 28, 2018 /PRNewswire/ — Trends, opportunities and forecast in hydraulic filter market to 2023 by end use industry (construction machinery, mining industry, petrochemical industry, marine, aerospace, and transportation), by product (suction side filter, pressure side filter, return side filter, off-line filter, and in-tank breather filter), mode of distribute channel (OEM and aftermarket), and region (North America, Europe, Asia Pacific, and the Rest of the World)

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The future of the global hydraulic filter market looks promising with opportunities in the construction machinery, mining, petrochemical, aerospace, marine, and transportation industries. The global hydraulic filter market is forecast to grow at a CAGR of 4.4% from 2018 to 2023. The major drivers of growth for this market are increasing production of construction, mining, and other equipment, development of innovative and energy efficient hydraulic filters, and increased focus on preventive maintenance of hydraulic equipment and systems.

Emerging trends, which have a direct impact on the dynamics of the hydraulic filter industry, include the introduction of new micro glass materials, a unique six layer design that delivers 50% more dirt holding capacity, and development of new cyclone effect technology.

Hydraulic Filter Market TrendsHydraulic Filter Market Forecast
Global Hydraulic Filter Market by Region

The study includes the market size and forecast for the global hydraulic filter market through 2023, segmented by product type, end use industry, mode of distribution channel, and region, as follows:

Hydraulic Filter Market by End Use Industry ($ Million and Thousand Units from 2012 to 2023)
Construction
Machinery
Mining Industry
Petrochemical Industry
Aerospace
Transportation
Marine

Hydraulic Filter Market by Product Type ($ Million and Thousand Units from 2012 to 2023)
Pressure Side filter
Suction Side filter
Return Side filter
Off-Line filter
In-Tank Breather Filter

Hydraulic Filter Market by Mode of Distribution Channel ($ Million and Thousand Units from 2012 to 2023)
OEM
Aftermarket

Hydraulic Filter Market by Region ($ Million and Thousand Units from 2012 to 2023)
North America US Canada Mexico Europe Germany France Spain United Kingdom Italy Asia Pacific China Japan Taiwan India Indonesia The Rest of the World Brazil

Some of the hydraulic filter companies profiled in this report include Parker Hannifin Corp., Mahle International GmbH, Donaldson Company Inco, Eaton Corporation Plc. and UFI Filters among others.

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On the basis of its comprehensive research, Lucintel forecasts that the construction machinery and mining industry segments will show above average growth during the forecast period.

By product type, pressure side filter, suction side filter, return side, off-line filter, and in-tank breather filter, are the major segments of the hydraulic filter market. Suction side filter is expected to show above average growth rate during the forecast period due to its low cost which can be accommodated in all types of equipment.

APAC is expected to remain the largest region due to high production of construction machinery, high investment in infrastructure, government plans for smart cities.

Some of the features of “Hydraulic Filter Market Report: Trends, Forecast and Competitive Analysis” include:
Market size estimates: Global hydraulic filter market size estimation in terms of value ($M) and volume (Thousand Units) shipment.
Trend and forecast analysis: Market trend (2012-2017) and forecast (2018-2023) by segments and region.
Segmentation analysis: Global hydraulic filter market size by various applications such as product type, end use industry, and mode of distribution channel in terms of value and volume shipment.
Regional analysis: Global hydraulic filter market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
Growth opportunities: Analysis on growth opportunities in different applications and regions of hydraulic filter in the global hydraulic filter market.
Strategic analysis: This includes M&A, new product development, and competitive landscape of hydraulic filter in the global hydraulic filter market. Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

This report answers the following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the hydraulic filter market by end use industry (construction machinery, mining industry, petrochemical industry, marine, aerospace, and transportation), by product (suction side filter, pressure side filter, return side filter, off-line filter, and in-tank breather filter), mode of distribute channel (OEM and aftermarket), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this hydraulic filter market?
Q.6. What are the emerging trends in this hydraulic filter market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the hydraulic filter market?
Q.8. What are the new developments in the hydraulic filter market? Which companies are leading these developments?
Q.9. Who are the major players in this hydraulic filter market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this hydraulic filter market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the hydraulic filter industry?