Hydraulic Filter Market is Expected to Grow at a CAGR of 4.4% by 2023

IRVING, Texas, February 2, 2018 (Newswire.com) - ​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.

Browse 77 market data Tables and 122 Figures spread through 189 Pages and in-depth TOC on "Hydraulic Filter Market" http://www.lucintel.com/global-prepreg-market-2017-2022.aspx

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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.

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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. 

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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

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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.

About Lucintel

Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It 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

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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?

Source: Lucintel