Spin-On Hydraulic Filter Market

Spin-On Hydraulic Filter Market Segmentation,
Application, Technology & Analysis Report
Spin-On Hydraulic Filter Market study provides key insights about market
drivers, restraints, opportunities, new product launches or approval,
regional outlook, and competitive strategies adopted by the leading
Spin-on hydraulic filters are available in four configurations such as single cartridge in-line, inline 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.
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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
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
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.
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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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Spin-On Hydraulic Filter Market provides profiles of leading players in the market based on the following parameters company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies.