DALLAS, Oct. 25, 2018 (GLOBE NEWSWIRE) -- 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.

Browse 77 market data tables and 112 figures spread through 189 pages and in-depth TOC on “Global Hydraulic Filter Market" at https://www.lucintel.com/hydraulic-filter-market-2018-2023.aspx

In this market, construction machinery, mining industry, petrochemical industry, marine, aerospace, and transportation are used for hydraulic filter manufacturing for end use industry. On the basis of comprehensive research, Lucintel forecasts that the construction machinery and mining industry segments will show above average growth during the forecast period.

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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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Emerging trends, which have a direct impact on the dynamics of the hydraulic filter 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 among the major suppliers of hydraulic filter.

Lucintel, a leading global market research firm, has analyzed growth opportunities in the global hydraulic filter market by product type, end use industry, mode of distribution channel, and region and has compiled a comprehensive research report entitled “Growth Opportunities in the Global Hydraulic Filter Market 2018-2023: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy by providing comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global hydraulic filter market by product type, end use industry, mode of distribution channel, and region.

For a detailed table of contents, contact Lucintel at +1-972-636-5056 or mail at helpdesk@lucintel.com.

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