According to
a new market report published by Lucintel, the future of the global hydraulic
filter market looks promising with opportunities in the construction machinery,
mining, petrochemical, aerospace, marine, and transportation industries. The
global hydraulic filter market is forecast to grow at a CAGR of 4.4% from 2018
to 2023. The major drivers of growth for this market are increasing production
of construction, mining, and other equipment, development of
innovative and energy efficient hydraulic filters, and increased focus on
preventive maintenance of hydraulic equipment and systems.
In this
market, construction machinery, mining industry, petrochemical industry,
agriculture, aerospace, and transportation are some of the major segments of the
hydraulic filter market by end use application. On the basis of its
comprehensive research, Lucintel forecasts that the construction machinery and
mining industry segments will show above average growth during the forecast
period.
By product
type, pressure side filter, suction side filter, return side, off-line filter,
and in-tank breather filter, are the
major segments of the hydraulic filter market. Suction side filter is expected
to show above average growth rate during the forecast period due to its low
cost which can be accommodated in all types of equipment.
APAC is expected to
remain the largest region due to high production of construction machinery, high
investment in infrastructure, government plans for smart cities.
Asia Pacific
and Europe are expected to witness significant growth over the forecast period
because of rapidly increasing demand for hydraulic
filter products from OEMs.
Emerging trends, which have a direct impact on
the dynamics of the industry, include
the introduction of new micro glass
materials, a unique six layer design that delivers 50% more dirt holding
capacity, and development of new cyclone effect technology. Parker Hannifin Corp., Mahle International
GmbH, Donaldson Company Inco, Eaton Corporation Plc., and UFI Filters are
the major hydraulic filter suppliers in the global hydraulic filter market.
Lucintel, a leading
global strategic consulting and market research firm, has analyzed growth
opportunities in the global hydraulic filter market by product type, end use
industry, mode of distribution channel, and region. Lucintel has compiled a
comprehensive research report entitled “Growth
Opportunities in the Global Hydraulic Filter Market 2018-2023: Trends,
Forecast, and Opportunity Analysis.”
The Lucintel report serves as a catalyst for growth strategy, as it provides
comprehensive data and analysis on trends, key drivers, and directions. The
study includes a forecast for the global hydraulic filter market by product
type, end use industry, mode of distribution channel, and region, as follows:
By End Use Industry ($ Million and Thousand
Units from 2012 to 2023):
- Construction Machinery
- Mining Industry
- Petrochemical Industry
- Aerospace
- Transportation
- Marine
By Product Type ($ Million and Thousand Units from
2012 to 2023):
- Pressure Side filter
- Suction Side filter
- Return Side filter
- Off-Line filter
- In-Tank Breather Filter
By Mode of Distribution Channel ($ Million and
Thousand Units from 2012 to 2023):
·
OEM
·
Aftermarket
By Region ($ Million and Thousand Units from 2012 to
2023):
- North America
o
US
o
Canada
o
Mexico
- Europe
o
Germany
o
France
o
Spain
o
United Kingdom
o
Italy
- Asia Pacific
o
China
o
Japan
o
Taiwan
o
India
o
Indonesia
- The Rest of the World
o
Brazil
This 189-page research report will enable you to make confident business decisions in this
globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056
or email us at helpdesk@lucintel.com. Lucintel offerings include Construction Market Report,
Construction Reports, SWOT Matrix, Due Diligence and Mergers & Acquisitions.
About Lucintel
Lucintel,
the premier global management consulting and market research firm, creates
winning strategies for growth. Lucintel, offers market assessments, competitive
analysis, opportunity analysis, growth consulting, M&A, and due diligence
services to executives and key decision-makers in a variety of industries. For
further information, visit www.lucintel.com.
This
report answers the following 11 key questions:
Q.1. What are
some of the most promising, high-growth opportunities for the hydraulic filter
market by end use industry (construction machinery, mining industry,
petrochemical industry, marine, aerospace, and transportation), by product (suction
side filter, pressure side filter, return side filter, off-line filter, and
in-tank breather filter), mode of distribute channel (OEM and aftermarket), and
region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace
and why?
Q.3.
Which region will grow at a
faster pace and why?
Q.4.
What are the key factors affecting
market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive
threats in this market?
Q.6. What are
the emerging trends in this market and the reasons behind them?
Q.7. What are
some of the changing demands of customers in the market?
Q.8.
What are the new developments in the
market? Which companies are leading these developments?
Q.9.
Who are the major players in this
market? What strategic initiatives are key players pursuing for business
growth?
Q.10.
What are some of the competing products
in this market and how big of a threat do they pose for loss of market share by
material or product substitution?
Q.11.
What M&A activity has occurred in the
last 5 years and what has its impact been on the industry?
