• Blog
  • Hydraulic Filter Market Growth Analysis | 2023-2028

    Hydraulic Filter Market Growth Analysis | 2023-2028

    Hydraulic Filter Market Growth Analysis | 2023-2028
    Report code - SR2577 Delivery - 2 Weeks
    Hydraulic Filter Market Size, Share, Trends, Forecast, & Growth Analysis - 2023-2028
    See more...

    Market Insights

    The hydraulic filter market was estimated at USD 3.45 billion in 2022 and is likely to grow at a CAGR of 4.71% during 2023-2028 to reach USD 4.55 billion in 2028.

    Hydraulic-Filter-Market-Insights

    Want to know more about the market scope? Register Here

    What are hydraulic filters?

    Hydraulic filters are essential components used in hydraulic systems to remove contaminants and maintain the cleanliness of hydraulic fluids. These filters play a crucial role in ensuring the efficient operation and longevity of hydraulic equipment by preventing damage caused by particulate matter, debris, and other impurities in the fluid.

    Hydraulic Filter Market Report Highlights

    Market Size in 2022

    USD 3.45 billion

    Market Size in 2028

    USD 4.55 billion

    Market Growth (2023-2028)

    4.71% CAGR

    Base Year of Study

    2022

    Trend Period

    2017-2021

    Forecast Period

    2023-2028

    Market Dynamics

    Many industries that heavily rely on hydraulic systems, such as construction, manufacturing, and transportation, experienced a decline in activity during the pandemic. This reduction in operations led to a decreased demand for hydraulic filters as equipment usage and maintenance requirements were scaled back. While some sectors saw reduced demand, certain industries deemed essential during the pandemic, such as healthcare, agriculture, and logistics, continued to require hydraulic equipment and filters. The demand in these sectors remained relatively stable or even experienced slight growth.

    One of the key reasons propelling the hydraulic filter market is the rise in private-public partnerships (PPPs) to support infrastructure development. Private-public partnerships have been used in a number of nations, including South Korea, India, and others. The increase in PPPs and investments made through these avenues may contribute to the expansion of the infrastructure, construction equipment, mining, petrochemical, aerospace, transportation, and marine sectors, which in turn may boost demand for hydraulic filters. Additionally, hydraulic filters are more in demand than static filters, which are typically employed in the utilities and construction sectors.

    Hydraulic-Filter-Market-Dynamics

    Want to have a closer look at this market report? Click Here.

    Key Players

    The market is highly populated, with the presence of several local, regional, and global players. Most of the major players compete on some of the governing factors, including price, product offerings, regional presence, etc. The following are the key players in the hydraulic filter market. Most of the major players are providing complete profile systems including profile seals.

    • Toyoda Gosei Co., Ltd
    • Mahle International
    • Donaldson Company
    • Parker Hannifin
    • Eaton Corp
    • UFI FILTERS
    • Danaher

    Segment Analysis

    Segmentations

    List of Sub-Segments

    Dominant and Fastest-Growing Segments

    Product-Type Analysis

    Suction Side Filter, Pressure Side Filter, Return Side Filter, Off-Line Filter, In-Tank Breather Filter, And Others

    Pressure Side Filter is anticipated to remain the biggest demand generator for hydraulic filter in the years to come.

    End-User-Type Analysis

    Construction Machinery, Transportation, Petrochemical Industry, Marine, Mining Industry, and Aerospace

    Construction Machinery is anticipated to remain the largest segment for hydraulic filters in the years to come.

    Distribution-Type Analysis

    OEM, and Aftermarket

    OEM is anticipated to remain the dominant segment for hydraulic filters in the years to come.

    Regional Analysis

    North America, Europe, Asia-Pacific, and Rest of the World

    Asia Pacific is expected to remain the largest market over the next five years, whereas Asia-Pacific is likely to grow at the fastest rate.

     

    By Product Type

    The hydraulic filter market is segmented into construction machinery, transportation, petrochemical industry, marine, mining industry, and aerospace. Construction Machinery is expected to remain the largest in the market during the forecast period due to the growing need for hydraulic filters in construction equipment, which can assist keep the machine clean and extend the lifespan of the engine and hydraulic components. 

    By Distribution Type

    The market is segmented into OEM and Aftermarket. OEM is expected to remain the dominant as well as the fastest-growing material type in the market during the forecast period. Due to the challenges faced in terms of space available for the machines that are now in use, there is a significant demand from OEMs for these hydraulic filters, especially in small packages that provide high-quality performance.

    Regional Insights

    Asia-Pacific is expected to remain the largest market for hydraulic filters during the forecast period. Owing to the many new projects under development in countries like India, China, Japan, Vietnam, Thailand, and other Asian countries. In countries like India, the government and commercial construction companies are investing heavily in smart city projects. Such factors will boost market growth.

    Hydraulic-Filter-Market-Regional-Insights

    Know the high-growth countries in this report. Register Here

    Critical Questions Answered in the Report

    • What are the key trends in the global market?
    • How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
    • What is the impact of COVID-19 on the global market?
    • What are the key strategies adopted by the major vendors to lead in the market?
    • What is the market share of the top vendors?

    Market Segmentation

    This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

    The hydraulic filter market is segmented into the following categories.

    By Product Type

    • Pressure Side Filter
    • Return Side Filters
    • Off-Line FIlters
    • Intank Breather Filters
    • Suction Side Filters
    • Others

    By End-Use Industry Type

    • Construction Machinery
    • Transportation
    • Petrochemical Industry
    • Marine
    • Mining
    • Aerospace

    By Distribution Type

    • OEM
    • Aftermarket

    By Region

    • North America (Country Analysis: The USA, Canada, and Mexico)
    • Europe (Country Analysis: Germany, France, The UK, Russia, and The Rest of Europe)
    • Asia-Pacific (Country Analysis: Japan, China, India, and the Rest of Asia-Pacific)
    • Rest of the World (Country Analysis: Brazil, Argentina, and Others)

    Hydraulic-Filter-Market-Segmentation

    Click Here, to learn the market segmentation details.

    Research Methodology

    This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s hydraulic filter market realities and future market possibilities for the forecast period. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market.

    The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.

    This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.

    More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data.

    We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market.

    What Deliverables Will You Get in this Report?

    Key questions this report answers

    Relevant contents in the report

    How big is the sales opportunity?

    In-depth Analysis of the Hydraulic Filter Market

    How lucrative is the future?

    Market forecast and trend data and emerging trends

    Which regions offer the best sales opportunities?

    Global, regional, and country-level historical data and forecasts

    Which are the most attractive market segments?

    Market Segment Analysis and Forecast

    Which are the top players and their market positioning?

    Competitive landscape analysis, Market share analysis

    How complex is the business environment?

    Porter’s five forces analysis, PEST analysis, Life cycle analysis

    What are the factors affecting the market?

    Drivers & challenges

    Will I get the information on my specific requirements?

    10% free customization

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to three players)
    • SWOT analysis of key players (up to three players)

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.

    Frequently Asked Questions (FAQ)

    Hydraulic filters are essential components used in hydraulic systems to remove contaminants and maintain the cleanliness of hydraulic fluids. These filters play a crucial role in ensuring the efficient operation and longevity of hydraulic equipment by preventing damage caused by particulate matter, debris, and other impurities in the fluid.

    The hydraulic filter market was estimated at USD 3.45 billion in 2022.

    The hydraulic filter market is likely to reach USD 4.55 billion in 2028.

    The hydraulic filter market is likely to grow at a CAGR of 4.71% during 2023-2028.

    Mahle International, Donaldson Company, Parker Hannifin, Eaton Corp., UFI FILTERS, Danaher, and Bosch Rexroth are the leading players in the market.

    Asia Pacific is estimated to remain dominant in the market in the foreseeable future due to increasing production of construction machinery, high investment in infrastructure, and government plans for smart cities.

    Asia-Pacific is estimated to remain the fastest-growing market for hydraulic filter in the foreseeable future.

    Construction machinery is estimated to be the major segment by end user industries for hydraulic filters due to various upcoming projects in the near future.