The hydraulic Filters Market is valued at USD 2.1 billion in 2021 and is expected to reach USD 2.9 billion by 2028, growing at a CAGR of 4.8% from 2022 to 2028. The global market provides a detailed overview of the market, which can be segmented by product, distribution channel, and end user. By product, the Hydraulic Filters market has been segmented into Pressure Side Filter, Suction Side Filter, Return Side, Off-line Filter, and In-tank Breather Filter. The Return Side segment is likely to be the largest and fastest-growing segment in terms of products. The Hydraulic Filters market has been segmented by distribution channel into Original Equipment Manufacturers (OEM) and Aftermarket. The Aftermarket segment will hold a significant revenue share in 2022. Based on the end user, the Hydraulic Filters are segmented into Construction Machinery, Mining Industry, Petrochemical Industry, Aerospace, Transportation, and Marine. According to precision business insights, the Petrochemical Industry segment is predicted to register the fastest growth rate during the forecast period.
In March 2019, UFI Filters, an Italian manufacturer in the hydraulic filter market, expanded its aftermarket base in the UK with the launch of a new warehouse and a dedicated office. Also, In July 2021, introduced the Heavy-Duty range for the UK and Ireland Aftermarket.