Hydraulic Filter Market Research Investigates World Market Analysis 2018-2028

Posted on 2019-08-28 by Mark Hub in Industrial // 0 Comments

Fact.MR recently published a market study, “Hydraulic Filter Market: Global Industry Analysis and Opportunity Assessment, 2018-2028”. This report features the most critical growth prospects of the hydraulic filter market. The market report presents thorough information and it elucidates how the hydraulic filter market will expand during the assessment period 2018-2028 with
the help of important market dynamics.

In Brief

During 2013-2017, the hydraulic filter market revenues grew at a modest 3.5% CAGR, with a significantly high demand for hydraulic filters and lube oil filters in the aerospace industry.
In 2018, the hydraulic filter market reached US$ 1.8 billion and it is expected to record 4.0% y-o-y in 2019. With the rapidly expanding range of end-use applications of hydraulic filters, the global market is estimated to grow at a healthy 4.5% CAGR during the forecast period 2018-2028.
Asia Pacific is a leading market for hydraulic filters with over one-third revenue share of the global market. China will generate positive growth opportunities for hydraulic filter manufacturers despite fluctuating raw material prices in the Asia Pacific region.
Asia Pacific will continue to remain the high-growth market for hydraulic filters, as end-use industries in the region, such as power generation, construction, and steel industry, are likely to gain traction in the upcoming years.

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Key Growth Drivers of the Hydraulic Filter Market

Development of new raw materials, such as micro glass materials, signify the stakeholders’ increasing efforts to boost innovations in the design and features of new models of hydraulic filters.
Leading manufacturers are introducing hydraulic filters to suit the specific requirements of end-users from diverse industries—aerospace and defense industry will remain a primary focus for most.
Increasing growth of the leading end-use industries, including marine, steel construction machinery, petrochemical, and transportation industries, are creating promising opportunities for manufacturers in the hydraulic filter industry.

An upsurge in demand for industrial hydraulics over mobile hydraulics is shaping new trends in the hydraulic filter market, according to the study. Manufacturers are diversifying their product portfolios with innovative designs of suction filters and return line filters, which are most suitable for various industrial applications. Leading companies, including Parker Hannifin Corp., Walter Stauffenberg GmbH & Co. KG, and Filtration Group Corporation, are gearing up to capitalize on increased demand for industrial filters in various end-use industries, especially in the aerospace and defense industry.

Hydraulic Filter Market – Competitive Landscape

Parker Hannifin Corp.

Founded in 1918, Parker Hannifin Corp. is headquartered in Ohio, U.S. The company offers a product portfolio that includes crankcase ventilation filtration, air filtration, and fuel filtration based on its motion and control technologies. Parker Hannifin’s key strategies are mainly focused on boosting innovation to consolidate its position in aerospace and defense markets.

Bosch Rexroth AG

Bosch Rexroth AG was founded in 2001 and is headquartered in Lohram Main, Germany. The company has established its strong presence in the hydraulic filters market with its expertise in electric drives and control technology, gear technologies, and linear motion and assembly technologies for mobile applications.

Filtration Group Corporation

Founded in 1943, Filtration Group Corporation is based in Illinois, U.S. The company designs and manufactures filtration systems, including indoor air quality products, such as dust collection filters, overspray collectors, custom air filters, and gas phase air filtration systems. The company’s key strategies reflect its plan to strengthen its position in the marine, aviation, and diversified industrial markets.

Donaldson Company, Inc., Parker Hannifin Corp., Eaton Corporation Plc., Bosch Rexroth, Mahle International GmbH (Filtration Group Corporation), UFI FILTERS, HYDAC Verwaltung GmbH, Mann+Hummel Group, MP Filtri S.p.A., Walter Stauffenberg GmbH & Co. KG (Stauff), OMT S.p.A., Pall Corporation, Caterpillar Inc., SMC Corporation, and Yamashin Filter Corp are among the key companies in the hydraulic filter market.

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