To improve the website's functionality, we use cookies, including third-party cookies. Read our Privacy Policy for more information
I AgreeAnalysis of Hydraulic Filter market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
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 |
|
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.
Don't Need a Global Report?
Save 40% on Country & Region specific reports
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.
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.
More Insights, Lesser Cost (-50% off)
Insights on import/export production,
pricing analysis, and more – Only @ Fact.MR
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.
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.
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
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:
- Premium Report Details -
- Let's Connect -
- Quick Contact -
- Get Started -
Get insights that lead to new growth opportunities
Buy NowGet A Special pricing for start-ups and universities
Enquiry Before Buying- Humble, Yet Honored -
- Related Reports -
The global value of hydraulic filter market is estimated to be worth over USD 2,124.3 Million in 2022.
The demand is anticipated to surpass USD 3,251.8 Million by 2032 end.
During 2017-2021, global hydraulic filter market grew at 2.8% CAGR.
Some of the prominent players in hydraulic filter market are Donaldson Company Inc., Eaton Corporation Plc, UFI Filters, Parker Hannifin Corp., Bosch Rexroth AG, etc.
North America tops the global hydraulic filter market accounting for 31.4% of global market share in 2022.
Suction filter segment under the product type segment contributes 27.8% of market share in global sales of hydraulic filter.