The global hydraulic oil filters market is anticipated to grow at a significant CAGR during the forecast period (2022-2028). The rising demand for hydraulic oil filters from end-to-end industries, including maritime, metallurgy, petrochemical, and transport industries, creates promising opportunities for manufacturers in the hydraulic filter industry. Growing concerns about the efficient and effective operation of the industry are widely expected to advance the global industrial hydraulic filters market. Increasing public-private partnerships to promote infrastructure development is the key driver of the hydraulic filter market. The boom in PPPs and investments in the channel to expand infrastructure, construction machinery, mining industry, petrochemical industry, aerospace, transportation, and maritime industry is driving the growth of the hydraulic filter market. In addition, the high mobility aspect of hydraulic filters increases their demand in the field of resources and construction.
In addition, hydraulic oil filters are highly mobile and require less time to be installed in various construction or production areas. It includes high mechanical flexibility; increased demand for hydraulic filters. However, the lack of skilled personnel for efficient hydraulic filters reduces product growth in the market. In contrast, technological advances in hydraulic filter products such as the adoption of remote applications and the use of the Internet of Thingsand Artificial Intelligence (AI), increase the efficiency of the equipment. It creates profitable market growth opportunities for hydraulic oil filters during forecasting.
In July 2021, UFI Filters launched the Heavy-Duty range of the UK and Ireland Aftermarket. It is a major business incentive in partnership with DB Schenker, it benefits from Tamworth’s extended expansion by an additional 12,000 sq.ft. It will be dedicated to the use of more than 400,000 components including 3,000 SKUs of which 725 are made for heavy-duty and off-road applications.
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Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Product
- By Distribution Channel
- By End-user
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape-Bosch Rexroth, Parker Hannifin, Mahle, Hydac, and UFI Filter, among others.
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Global Hydraulic Oil Filters Market Report by Segment
By Product
- Pressure Side Filter
- Suction Side Filter
- Return Side
- Off-Line Filter
- in-Tank Breather Filter
By Distribution Channel
- Original Equipment Manufacturer
- Aftermarket
By End-user
- Construction Machinery
- Mining Industry
- Petrochemical Industry
- Aerospace
- Transportation
- Marine
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
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