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Spin-On Hydraulic Filter Market

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The research report on Spin-On Hydraulic Filter Market is segmented by Application, by Distribution Channel and by Geography - Size, Share, Trends and Forecast to 2026
Spin-On Hydraulic Filter Market - Size,
Share, Trends and Forecast to 2026
Spin-on hydraulic filters are available in four configurations such as single cartridge
in-line, in-line with two parallel cartridge on the same axis, in-line with two parallel
cartridge mounted side-by-side, and single cartridge flange for installation to the tank
cover. Moreover, spin-on hydraulic filters are easy to service due to the disposable filter
cans, which can be replaced by a replacement element. The spin-on hydraulic filters are
sized based on the liquid flow passing through the filters at a particular pressure drop.
Furthermore, factors such as liquid type, viscosity, and the quality & efficiency of filter
media are to be considered while sizing filters.
Market Drivers:
Rapidly increasing vehicle production across the globe leading to rising demand for
spin-on hydraulic filters is one of the major factors propelling growth of the spin-on
hydraulic filter market. For instance, according to the International Organization of Motor
Vehicle Manufacturers’ statistics, in 2016, vehicle production in the world accounted for
97,302,534 units in 2017, as compared to the production in previous year, which was
around 94,976,569 units.
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Agriculture machinery segment is expected to exhibit the highest CAGR over the
forecast period (2018-2026)
Among application, agriculture machinery segment is expected to exhibit the highest
CAGR by 2025. The spin-on hydraulic filters are used in agriculture machinery to filter
hydraulic fluids and lubricating oils in power units. Agriculture equipment, which uses
the hydraulic filters takes lubricant consolidation, which consists of fluid filters. A fine
mesh suction filter protects hydraulic components from contaminants generated by the
gear drives mainly due to the wear on gears, wet brakes, and clutches. The spin-on
hydraulic filters in return line ensure the level of oil cleanliness the system requires.
These filters aid in high corrosion environments. Moreover, use of these filters in
agriculture vehicles benefits in providing absolute filtration of the oil for hydrostatic drive
and protection against damages from cavitation under adverse conditions.
Aftermarket segment is expected to account for the largest market share by 2026
Among distribution channel, aftermarket segment accounted for the largest share in the
global spin-on hydraulic filter market in 2017. As per the data published by the
Automotive Aftermarket Products Expo (AAPEX) in 2018, global automotive aftermarket
industry accounted for US$ 740 billion with around 1.2 billion units of vehicles on the
road. Furthermore, the industry is expected to exhibit annual growth rate of around
3.4% over the forecast period.
The Middle East, Latin America, and Africa regions are expected to exhibit the
highest CAGR in the market over the forecast period
The growth of spin-on hydraulic filter market in the Middle East and Africa is attributed
to increasing vehicle production. For instance, according to Export.gov (The
International Trade Administration (ITA), U.S. Department of Commerce manages
Export.gov), Saudi Arabia is the largest market for automotive and auto parts market in
the Middle East, accounting for an estimated 40% of all vehicles sold in the region.
Moreover, according to the Organisation Internationale des Constructeurs
d'Automobiles (OICA), vehicle production was 1,515,396 in 2017, which increased by
18.19% from 2016. Therefore, growing vehicle production will increase the demand for
spin-on hydraulic filters in this region.
Latin America spin-on hydraulic filter market is witnessing growth due to increasing
production of vehicles in this region. For instance, according to the Brazil Nation
Association of Automobile Manufacturers Anfavea, the production of cars in Brazil
increased by 14.6% in the first three months of 2018, as compared to in 2017, as
manufacturers ramped up output to meet growing domestic demand. Therefore,
increasing vehicle production is proportionally increasing the demand for spin-on
hydraulic filters in this region, thereby boosting growth of the market in this region.
Key companies
Major players operating in the global spin-on hydraulic filter market include Parker
Hannifin, Eaton Corporation Plc., Mahle Gmbh, Schroeder Industries, LLC, Yamashin
Filter Corp., Bosch Rexroth AG, Donaldson, Baldwin Filters, Inc., Ikrol S.r.l., Cim-Tek
Filtration, Olaer Group Limited, Xinxiang Aviation Industry (Group) Co., Ltd., SOFIMA
FILTER, OMT SPA, Marion Fluid Power, Wix Filter, Hydac International Gmbh, SMC
Corporation, Lenz Inc., HiFi Filter, Filtrec, and EPE Ltdons.
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