Hydraulic Filter Market

Global Hydraulic Filter Market Snapshot

The global hydraulic filter market is estimated at USD 2,124.3 Million in 2022 and is forecast to surpass USD 3,251.8 Million by 2032, growing at a CAGR of 4.3% from 2022 to 2032.

Report Attributes	Details
Base Year Value (2021A)	USD 2,046.5 Million
Estimated Year Value (2022E)	USD 2,124.3 Million
Projected Year Value (2032F)	USD 3,251.8 Million
Global Growth Rate (2022-2032)	CAGR 4.3%
North America Market Share in 2021	~31%
North America Growth Rate (2022-2032)	CAGR ~4.5%
Collective Value Share (US, China, India) 2022: Top 3 Countries	~42%
Top 5 Companies Market Share in 2021	~24%
Key Companies Profiled	Donaldson Company Inc. Eaton Corporation Plc UFI Filters Parker Hannifin Corp. Bosch Rexroth AG Filtration Group Corporation HYDAC Filtertechnik GmbH Walter Stauffenberg GmbH & Co. KG Other Market Players

The global hydraulic filter market is likely to create an absolute dollar opportunity of USD 1,127.5 Million by the end of 2032. The global hydraulic filter market holds ~3% of the global filters market.

2017-2021 Global Hydraulic Filter Market Outlook in Comparison to 2022-2032 Growth Forecast

The hydraulic filters guard the hydraulic system from injury because of the particles or oil contamination. Approximately 1 million particles enter the compression system every moment and can affect hydraulic system parts. In order to increase the hydraulic component lifetime, the need to maintain good water filtration system is necessary as the adulteration of compression oil is easy. The effectiveness of the system is measured by its ability to remove impurities, removing particles and purifying the oil.

Manufacturers in the hydraulic filter market are focusing on building new technology and software’s, generating new models for businesses, which is in turn is expected to generate additional revenue streams for the manufacturers in the hydraulic filter market in coming years.

Fact.MR projects the hydraulic filter market is expected to witness exhibiting growth at 4.3% CAGR during 2022 and 2032 in comparison to a CAGR of 2.8% with which it grew from 2017 and 2021.

Growth Drivers Supporting 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. Growing concerns regarding efficient & effective operations in industry is highly anticipated to drive the global industrial hydraulic filters market. Thus, all the above listed factors are estimated to support market demand by 1.7X during the forecast years of 2022-2032.

Key Challenges in the Growth of Hydraulic Filter Market

High maintenance and replacement costs and increased downtime are among the key drawbacks of hydraulic filters, and end-users are likely to prefer more robust and cost-effective alternatives such as lubrication system filters. The complex installation process of hydraulic filters creating challenges for market players to attract more customers and boost profitable sales.

End-users’ concerns about hydraulic fluid leakages and hydraulic filter efficiency are forcing manufacturers to introduce electric filters, which may cannibalize sales of hydraulic filters in the coming years. Therefore, this is likely to hinder the hydraulic filter market growth by 0.6X over the assessment period of 2022-2032.

High Demand for Return Line Filters to Prevail

Return line filters and suction filters are among the most popular types of low-pressure hydraulic filters. However, a majority of end-users are choosing return line filters over suction filters, especially in open-loop applications, with growing needs for improved efficiency at maintaining high fluid cleanliness levels.

In addition, installing hydraulic filters on a return line of an application ensures the availability of sufficient pressure for forcing the fluid through fine media. Moreover, improved performance characteristics, such as high chemical resistance, contamination retention capacity, and high burst pressure resistance, are likely to contribute to the increasing demand for return line filters in the coming future.

Competitive Landscape: Top Companies in Hydraulic Filter Market

The global hydraulic filter market is highly fragmented and competitive owing to the existence of many domestic and regional players. Various marketing strategies are adopted by key players such as mergers and acquisitions, expansions, collaborations and partnerships.

Also, new product development as a strategic approach is adopted by the leading companies to upscale their market presence among consumers. These strategies have resulted in the growth of hydraulic filter market.

Fact.MR has provided detailed information about price points of key manufacturers in hydraulic filter market positioned across regions, sales growth, production capacity, and speculative technological expansion in the recently published report.

For instance:

• In January 2019, Eaton Corporation plc – a multinational power management company – announced that the Aftermarket division of its Vehicle Group’s has entered an agreement with Bezares SA – a leading manufacturer of pumps, motors, and hydraulic systems – to improve its presence in North America. The company also declared that the partnership with Bezares will enable the company to offer a comprehensive mobile power hydraulic portfolio, including hydraulic filters, to cater to the North American customers’ dynamic needs.
• In March 2019, UFI Filters – an Italian manufacturer in the hydraulic filter market – announced that it has expanded its aftermarket base in the UK with the launch of a new warehouse and a dedicated office. The new distribution center features over 3,000 SKUs in its aftermarket catalogue. The company aims to benefit from its newly-appointed supply chain partner DB Schenker – a German logistics company – to gain momentum in highly fragmented Irish and UK Aftermarkets, in the coming years.

Global Hydraulic Filter Market by Category

• By Product Type, Global Hydraulic Filter Market is segmented as:

  • Suction Filter
  • Pressure Filter
  • Return Line Filter
  • Off-line Filter
  • Breather Filter
  • Other Product Type

• By Technology Type, Global Hydraulic Filter Market is segmented as:

  • With Sensor
  • Without Sensor

• By End-Use Industry, Global Hydraulic Filter Market is segmented as:

  • Industrial
    • Steel
    • Machine Tools
    • Presses
    • Pulp and Paper
    • Power Generation
    • Plastic Injection Molding
    • Marine
  • Mobile
    • Construction
    • Agriculture
    • Mining
    • Forestry
    • Material Handling/Lifting

• By Distribution Channel, Global Hydraulic Filter Market is segmented as:

  • Original Equipment Manufacturer (OEM)
  • Aftermarket

• By Region, Global Hydraulic Filter Market is segmented as:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Oceania
  • MEA