Supply Chain Council of European Union | Scceu.org
Procurement

Global Hydraulic Filter Market (2020 to 2027)

Dublin, Nov. 18, 2020 (GLOBE NEWSWIRE) — The “Hydraulic Filter Market Forecast to 2027 – COVID-19 Impact and Global Analysis by Product and End User, and Geography” report has been added to ResearchAndMarkets.com’s offering.

In 2019, North America led the global hydraulic filter market with 36.81% revenue share, followed by Europe and North America. North America comprises developed economies, including the US and Canada, and developing economies, such as Mexico. This region’s significant share is mainly due to high customer awareness and greater acceptance of innovative technologies.

Hydraulic filter is increasingly used in high-risk environments, including mining operations, oil & gas recovery, and construction sites. Increased consolidation of farms, increased government support through subsidies, a positive economic outlook, and a large production base are driving sales of high capacity hydraulic filter equipment. Hydraulic filter manufacturers are at the forefront of the agricultural sector’s change and evolution, which gives rise to the modern-day integrated farm management approach.

Farmers are increasingly adopting advanced technologies-such as GPS-controlled agricultural machinery-and precision farming systems form the backbone of these technologies in most North American markets. Growing adoption of precision farming is one of the critical factors influencing the market’s growth over the forecast period. Companies are continuously developing their overall business processes to meet consumers’ demands for high-quality goods.

Moreover, the US aerospace, automotive, and defense sectors have been the major driving factors for metal-forming hydraulic filters. The requirement for manufactured metal products is high in these industries. As Industry 4. has gained momentum throughout the manufacturing sector, it is also affecting the hydraulic filters’ market to become part of the smart systems. Industry 4. can improve the use of hydraulic filter in fabrication operations by cutting down on idle time. The trade deal between the US and China, which could significantly increase Chinese imports of US agricultural products, may boost agricultural equipment investment. The market players are focusing on both organic and inorganic growth strategies to sustain the competitive environment.

For instance, in January 2019, Eaton Corporation plc-a multinational power management company-announced that the Aftermarket division of its Vehicle Group had entered an agreement with Bezares SA for improving its presence in the North American region. The agreement would also enable the company to offer a comprehensive mobile power hydraulic portfolio, including hydraulic filters, to cater to the North American customers’ dynamic needs.

In 2019, Europe stood second in the hydraulic filter market with a decent market share and it is anticipated to witness a steady CAGR from 2020 to 2027. The European continent involves Germany, France, the UK, and Italy, among others. 2019 showed promising results for tech investments in Europe, as European tech continues to break records despite the UK and EU economic slowdowns. Over the past five years, capital invested in European technology has grown by 124%, with a 39% increase between 2018 and 2019 alone, reaching US$ 34. billion in capital investment for 2019. This compares with reductions in investment in both the US and Asian capital between 2018 and 2019. Western Europe is renowned for its improved living conditions, with higher income levels among residents.

Companies adopt inorganic market strategies to expand their footprints across the world and meet the growing demand. The hydraulic filter market players mainly focus on the acquisition strategy to expand their business and maintain their brand name globally. For instance, in 2020, Pall Corporation formed a joint venture named Pall Arabia with Tanajib, a leading petroleum services company in GCC. Under the JV, Pall Arabia would market and distribute Pall corporation’s products in GCC

Impact of COVID-19 on Hydraulic Filter market

Coronavirus or COVID-19 outbreak first began in Wuhan, China, during December 2019, and since then, it has spread at a fast pace across the globe. The coronavirus outbreak has affected economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The global electronics & semiconductor industry is one of the primary sectors suffering severe disruptions, such as supply chain breaks, technology event cancellations, and office shutdowns. China is the global hub of manufacturing and the largest raw material supplier for various industries, and it is also one of the worst-affected countries.

The lockdown of different plants and factories in China affects the global supply chains and negatively impacts the manufacturing of various electronic goods. The international travel bans imposed by countries in Europe, Asia, and North America affect business collaborations and partnerships opportunities. All these factors are anticipated to affect the electronic & semiconductor industry negatively and thus act as a restraining factor for the growth of various markets related to this industry in the coming months, such as the hydraulic filters market. Due to COVID-19 pandemic, the manufacturing plants, construction industry, automotive industry, and several other businesses are functioning slowly, negatively impacting the hydraulic filters market. Adding to this, the prices of hydraulic filter raw-materials fluctuate at a high pace due to lockdown and travel restrictions. This is also anticipated to negatively impact the growth of the hydraulic filters market during the forecast period.

Reasons to Buy

  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global hydraulic filters market
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the global hydraulic filters market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution

Key Topics Covered:

1. Introduction
1.1 Study Scope
1.2 Report Guidance
1.3 Market Segmentation

2. Key Takeaways

3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research

4. Hydraulic Filters Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America – PEST Analysis
4.2.2 Europe – PEST Analysis
4.2.3 APAC – PEST Analysis
4.2.4 MEA – PEST Analysis
4.2.5 SAM – PEST Analysis
4.3 Ecosystem Analysis

5. Hydraulic Filters Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Growing Digitization is Driving Demand for Hydraulic Filter
5.1.2 Increasing Investment in the Construction Industry
5.2 Market Restraints
5.2.1 Slow Design and Complicated Installation Process to Restrain the Growth of Hydraulic Filters Market
5.3 Market Opportunities
5.3.1 Development of Hydraulic Filters with Cyclone Effect Technology
5.4 Future Trends
5.4.1 Introduction of Advanced Products for Enhanced Filtering Capacity
5.5 Impact Analysis of Drivers and Restraints

6. Hydraulic Filters – Global Market Analysis
6.1 Overview
6.2 Hydraulic Filters Market – Revenue and Forecast to 2027 (US$ Million)
6.3 Market Positioning – Global Market Players Ranking

7. Hydraulic Filters Market Analysis – By Product
7.1 Overview
7.2 Hydraulic Filters Market, By Product (2019 and 2027)
7.3 Suction Filter
7.3.1 Overview
7.3.2 Suction Filter: Hydraulic Filters Market – Revenue and Forecast to 2027 (US$ Million)
7.4 Pressure Filter
7.4.1 Overview
7.4.2 Pressure Filter: Hydraulic Filters Market – Revenue and Forecast to 2027 (US$ Million)
7.5 Return Line Filter
7.5.1 Overview
7.5.2 Return Line Filter: Hydraulic Filters Market – Revenue and Forecast to 2027 (US$ Million)
7.6 Off-Line Filter
7.6.1 Overview
7.6.2 Off-Line Filter: Hydraulic Filters Market – Revenue and Forecast to 2027 (US$ Million)
7.7 Breather Filter
7.7.1 Overview
7.7.2 Breather Filter Market Revenue and Forecast to 2027 (US$ Million)
7.8 Others
7.8.1 Overview
7.8.2 Others Market Revenue and Forecast to 2027 (US$ Million)

8. Hydraulic Filters Market Analysis – By End-User
8.1 Overview
8.2 Hydraulic Filters Market Breakdown, by End-User, 2019 & 2027
8.3 Manufacturing
8.3.1 Overview
8.3.2 Manufacturing Market Revenue and Forecast to 2027 (US$ Million)
8.4 Marine
8.4.1 Overview
8.4.2 Marine Market Revenue and Forecast to 2027 (US$ Million)
8.5 Automotive
8.5.1 Overview
8.5.2 Automotive Market Revenue and Forecast to 2027 (US$ Mn)
8.6 Chemical and Petrochemical
8.6.1 Overview
8.6.2 Chemical and Petrochemical Market Revenue and Forecast to 2027 (US$ Mn)
8.7 Power Generation
8.7.1 Overview
8.7.2 Power Generation Market Revenue and Forecast to 2027 (US$ Mn)
8.8 Agriculture
8.8.1 Overview
8.8.2 Agriculture Market Revenue and Forecast to 2027 (US$ Mn)
8.9 Construction
8.9.1 Overview
8.9.2 Construction Market Revenue and Forecast to 2027 (US$ Mn)
8.10 Metal and Mining
8.10.1 Overview
8.10.2 Metal and Mining Market Revenue and Forecast to 2027 (US$ Mn)
8.11 Others
8.11.1 Overview
8.11.2 Others Market Revenue and Forecast to 2027 (US$ Mn)

9. Hydraulic Filters Market – Geographic Analysis
9.1 Overview
9.2 North America: Hydraulic Filters Market
9.3 Europe: Hydraulic Filters Market
9.4 APAC: Hydraulic Filters Market
9.5 MEA: Hydraulic Filters Market
9.6 SAM: Hydraulic Filters Market

10. Impact of COVID-19 Outbreak
10.1 Impact of COVID-19 Pandemic on Global Hydraulic Filters Market
10.1.1 North America: Impact Assessment of COVID-19 Pandemic
10.1.2 Europe: Impact Assessment of COVID-19 Pandemic
10.1.3 Asia-Pacific: Impact assessment of COVID-19 Pandemic
10.1.4 Middle East and Africa: Impact Assessment of COVID-19 Pandemic
10.1.5 South America: Impact Assessment of COVID-19 Pandemic

11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 Merger and Acquisition

12. Company Profiles
12.1 Bosch Rexroth AG
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Donaldson Company, Inc.
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Eaton Corporation plc
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Filtration Group Corporation
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 HYDAC TECHNOLOGY Limited
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 MANN+HUMMEL International GmbH & Co. KG
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 MP Filtri S.p.A
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Pall Corporation
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Parker Hannifin Corporation
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 YAMASHIN-FILTER CORP.
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments

13. Appendix
13.1 About the Publisher
13.2 Word Index

For more information about this report visit https://www.researchandmarkets.com/r/56ker7

Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.

CONTACT: ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

Related posts

The Procurement Function: A Major Driving Force in Corporate America

scceu

Procurement Outsourcing Market COVID 19 Impacted In-Depth Analysis including key players Accenture  Capgemini  Genpact  GEP  IBM  Xchanging

scceu

Stamford Foodbank received support from staff at the Chartered Institute of Procurement and Supply

scceu

Leave a Comment