About Hydraulic Filter
Hydraulic filters are adapted to operate in extreme conditions due to high pressure as and its efficiency to remove contaminants from the oil. It is also used in automotive industry under difficult conditions. The reliability of this filter depends in large part, on the properties of the oil. The performance for hydraulic filter is measured by the rate at which it removes contamination efficiently, i.e. high dirt-holding capacities. Further, growing urbanization & industrial activities coupled with increase in demand for oil in many countries is driving the market of hydraulic filters.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 4.54% |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Parker Hannifin (United States), Wix, Inc. (Israel), Hydac (Germany), Baldwin (United States), Donalson (United States), UFI Filter (Italy), Bosch Rexroth (Germany), Eaton Corporation plc (Ireland), SMC Corporation (Japan), Mahle GmbH (Germany), Yamashin (Japan), Caterpillar, Inc. (United States) and Schroeder Industries (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Cim-Tek Filtration (United States), Ikron (United States), Sofima (Italy), OMT S.p.A (Italy) and Micronics (United States).
Segmentation Overview
AMA Research has segmented the market of Global Hydraulic Filter market by Type (In-line, Off-line, Tank, Spin-on and Return line), Application (Agricultural machinery, Metallurgical industry, Construction machinery, Machine tools and Others) and Region.
On the basis of geography, the market of Hydraulic Filter has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Filter Type, the sub-segment i.e. Pressure Side filter will boost the Hydraulic Filter market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution channel, the sub-segment i.e. Direct Sales will boost the Hydraulic Filter market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Filter Media, the sub-segment i.e. Cellulose will boost the Hydraulic Filter market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Demand for Oil in Several Countries and Significant Increase in the Sale of Hydraulic Filters
Market Growth Drivers:
Growing Demand for Passenger and Commercial Vehicles, Increasing production of Construction, Mining, and Several Other Equipment and Rising Concerns About the Environment
Challenges:
High Maintenance and Replacement Costs and Increased Downtime
Restraints:
Slow Replacement and Complex Installation Process in Industrial Hydraulic Filters
Opportunities:
Increasing Production of Hydraulic Filters in Automotive Industry and Setting up of New manufacturing Facilities using Hydraulic Filters
Market Leaders and their expansionary development strategies
In January 2019, Eaton Corporation plc 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 catalog. 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.
Key Target Audience
Hydraulic filters Manufacturers, Industry Association, Potential Investors, Traders, Distributors, and Suppliers, Government and Regulatory Bodies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.