Hydraulic Filter Market Forecast, Trend Analysis & Competition Tracking - Global Review 2018-2028

Published on : Apr-2019 | List of Tables : 30 | List of Figures : 53 | No. of Pages : 170 | Report Code : FACT3477MR |

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.
hydraulic filter market snapshot

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What are the 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.

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What are the Key Challenges in the 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.
hydraulic filter market key buying factors

Hydraulic Filter Market – Competitive Landscape

hydraulic filter market structure analysis
  • In May 2018, Donaldson Company, Inc. – a vertically integrated filtration company – announced that it has doubled the size of its distribution network in Belgium with the opening of its new 45,000 square meter distribution facility in Brugge. The company declared that the new distribution facility has an annual outbound goods volume of over 17 million units and it aims to offer the high-quality customer service experience to its ever-expanding customer base in European hydraulic filter market.
  • 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.

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.

HYDAC Filtertechnik GmbH

HYDAC Filtertechnik GmbH was founded in 1963, and is based in Sulzbach, Germany. Company’s strong product portfolio includes hydraulic accumulators, manifolds, pipe connections, valves, fittings, pumps, heat exchangers, cooling systems, sensors, housings, and cylinders, along with maintenance services.

Walter Stauffenberg GmbH & Co. KG (Stauff)

Founded in 1963, Walter Stauffenberg GmbH & Co. KG (Stauff) is headquartered in Werdohl, Germany. Stauff is a subsidiary of Lukad Holding GmbH & Co. KG – a German owner-managed family company that develops, manufactures, and supplies hydraulic and fastening systems through its subsidiaries. Stauff offers pipework equipment and hydraulic components used in a wide range of industrial sectors such as agricultural/forestry machinery, oil and gas, construction machinery, marine, railway, and wind energy industries.

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.

Note: To gain more information on the competitive landscape in the hydraulic filter market, get the summary of this report.

Hydraulic Filter Market – Additional Insight

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.

Scope of the Report

hydraulic filter market research scope

Research Methodology

A unique methodology and holistic approach is adapted to carry out a detailed analysis on the growth of the hydraulic filter market to during the assessment period 2018-2028. The Fact.MR report includes detailed information about the growth prospects of the market and offers exclusive conclusions about the future of in the hydraulic filter market.

Detailed secondary and primary market research is conducted to acquire comprehensive information about historical and current growth parameters of the hydraulic filter market featured in the report. Secondary market research on the hydraulic filter explains facts and data the historical and current facts and industry-validated information about the hydraulic filter market. Leading manufacturers, suppliers, distributors, and investors in the hydraulic filter market are interviewed as a part of primary market research, which is conducted after secondary research.

hydraulic filter market research methodology

The authenticity of the conclusions, both quantitative and qualitative, is maintained by the tried-and-tested research methodology followed by Fact.MR analysts. The research methodology helps to reach the exact factors that will influence growth of the hydraulic filter market during the forecast period.

Request Research Methodology of this Report.

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.

The report includes unique and accurate information on salient growth prospects of the hydraulic filter market to help stakeholders to make value-based business decisions. Important indicators of the hydraulic filters market growth, which include value chain analysis, Compound Annual Growth Rate (CAGR), Year-on-Year (Y-o-Y) growth, and supply chain analysis, are assessed thoroughly in the report to understand the growth prospects of the hydraulic filter market for the assessment period.

On assessing industry-validated data, market-related facts, and important data about the global expansion of the hydraulic filter market, unique and comprehensive information about the growth prospects of the hydraulic filter market is presented in a seamless format in the report. The information featured in the report is segmented into chapters to offer a comprehensive structure to the hydraulic filter market report.

Chapter 1 – Executive Summary

This chapter provides the outlook of key growth prospects as a results of thorough analysis on the hydraulic filter market. The chapter includes comprehensive information about supply side trends, demand side trends, and technology roadmap associated with the hydraulic filter market. It also provides quick insights on the summary of global hydraulic filter demand and supply across the world.

Chapter 2 – Market Overview

Definition of hydraulic filter market is included in this chapter along with a detailed introduction to hydraulic filter market with the help of the market structure. This chapter offers an information on prospects the hydraulic filter market will grow during 2018-2028 in terms of value (US$ billion) and volume (units).

Chapter 3 – Key Market Trends

This chapter provides thorough information about key trends in the hydraulic filter market and how these trends will influence prospects of the market in coming future.

Chapter 4 – Market Background

With the help of the outlook of the construction equipment industry, the agricultural machinery industry, petrochemical industry, as well as the steel additives industry, this chapter explains its effect on the market for hydraulic filter.

The chapter also provides insights on growth of the marine industry and the aerospace industry to offer unique information about the demand for hydraulic filter. This chapter also includes information about other micro and macroeconomic factors that will influence the growth of the hydraulic filter market during 2018-2028.

The chapter also shed lights on current industry trends in the hydraulic filter industry and analysis on adoption of hydraulic filter across various industrial sectors to help readers in understanding various other factors that can influence growth of the hydraulic filter market.

This chapter includes market dynamics, Porter’s five forces analysis supply chain analysis, regional price point analysis, and value chain analysis.

Chapter 5 – Global Hydraulic Filter Market Demand Volume (Units) Analysis 2013-2017 Forecast, 2018-2028

This chapter processes information about historic growth parameters and future prospects of the hydraulic filter market in terms of volume (units). The chapter also provides information about Y-o-Y growth trend analysis and global average pricing analysis benchmark for the forecast period 2018-2028.

Chapter 6 – Global Hydraulic Filter Market - Pricing Analysis

In this chapter, readers can find thorough analysis of the hydraulic filter pricing depending on types, regions, and pricing break-up through 2028, along with the information associated with factors that are affecting pricing of hydraulic filter available across the world.

Chapter 7 - Global Hydraulic Filter Market Demand (US$ Mn) Analysis 2013-2017and Forecast, 2018-2028

This chapter processes information about historic growth parameters and future prospects of the hydraulic filter market in terms of value (US$ million). The chapter also provides information about Y-o-Y growth trend analysis and global average pricing analysis benchmark for the forecast period 2018-2028.

Chapter 8 – Global Hydraulic Filter Market Analysis 2013-2017 and Forecast 2018-2028, by Product Type

This chapter explains how growth prospects of the hydraulic filter market change based on the product types of hydraulic filter, such as suction filters, pressure filter, return line filter, off-line filter, and breather filter.

Chapter 9 – Global Hydraulic Filter Market Analysis 2013-2017 and Forecast 2018-2028, by End Use Industry

This chapter explains how growth prospects of the hydraulic filter market change based on end-use industries, which include industrial (Steel, Machine Tools, Presses (Automotive Plant), Pulp & Paper, Power Generation (incl. Renewable Energy), Plastic Injection Moulding, and Marine) and Mobile (Construction, Agriculture, Mining, Forestry, and Material handling/Lifting).

Chapter 10 - Global Hydraulic Filter Market Analysis 2013-2017 and Forecast 2018-2028, by Technology

This chapter explains how growth prospects of the hydraulic filter market change based on the technologies incorporated to design hydraulic filters, which include with sensor technologies and without sensor technologies.

Chapter 11 – Global Hydraulic Filter Market Analysis 2013-2017 and Forecast 2018-2028, by Distribution Channel

This chapter explains how growth prospects of the hydraulic filter market change based on the distribution channels, which include OEM and aftermarket.

Chapter 12 – Global Hydraulic Filter Market Analysis 2013-2017 and Forecast 2018-2028, by Region

This chapter explains how growth prospects of the hydraulic filter market change based on geographical regions, such as Americas, Europe, Asia Pacific (APAC), and Middle East & Africa (MEA).

Chapter 13 – Americas Hydraulic Filter Market Analysis 2013-2017 and Forecast 2018-2028

In this chapter, information on how hydraulic filter market will grow in the Americas during 2018-2028 is included. Readers can also find growth prospects of the North America hydraulic filter market in the United States, Canada, Mexico, and Brazil in terms of market value (US$ billion) and volume by 2028.

Chapter 14 – Europe Hydraulic Filter Market Analysis 2013-2017 and Forecast 2018-2028

Readers can also find growth prospects of the hydraulic filter market in Europe, based on the estimates on market value (US$ billion) and volume by 2028. Readers can find critical growth prospects of the hydraulic filter market in the leading countries in Europe such as Germany, France, UK, Spain, Italy, Sweden, Belgium, Netherlands, and Russia.

Chapter 15 – APAC Hydraulic Filter Market Analysis 2013-2017 and Forecast 2018-2028

Readers can also find growth prospects of the hydraulic filter market in Asia Pacific (APAC), based on the estimates on market value (US$ billion) and volume by 2028. Readers can find critical growth prospects of the hydraulic filter market in the leading APAC countries, including China, India, Japan, Indonesia, Australia and South Korea.

Chapter 16 – Middle East and Africa Hydraulic Filter Market Analysis 2013-2017 and Forecast 2018-2028

This chapter focusses on growth prospects of the hydraulic filter market in the Middle East and Africa region, based on the estimates on market value (US$ billion) and volume by 2028. This chapter provides readers with detailed information on growth of the hydraulic filter market in major countries in MEA region, such as Northern Africa, GCC Countries, Turkey, and South Africa, during the forecast period.

Chapter 17 – Market Structure Analysis

This chapter also provides critical information about hydraulic filter market structure, financial share analysis key financials, and competitive developments of each stakeholder in the hydraulic filter market. This can help them to comprehend insights about the competitive landscape in the hydraulic filter market with information about leading and emerging stakeholders in the market.

Chapter 18 – Competition Analysis

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.

Chapter 19 – Assumption and Acronyms Used

Important acronyms and assumptions are featured in the last chapter of the Fact.MR report on hydraulic filter market, which can help readers to ensure to appropriate understanding of the information featured in the report.

Chapter 20 – Research Methodology

Important information about the research methodology is featured in this chapter.

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Hydraulic Filter Market Forecast, Trend Analysis & Competition Tracking - Global Review 2018-2028