Press release
Rising Demand for Commercial Vehicles to Contribute Significantly to Automotive Hydraulic Oil Filters Market Growth
Hydraulic Oil Filters
The global automotive hydraulic oil filters market size was valued at USD 800.6 Mn in 2021 and is projected to reach USD 1,908.8 Mn by 2028, exhibiting a CAGR of 4.3% during the forecast period. An engine oil, transmission oil, lubricating oil, or hydraulic oil filter is referred to as an "automotive hydraulic oil filter" since it serves the aim of filtering out impurities. The pumps and valves of the hydraulic system are lubricated and kept cool by a hydraulic filter system, which also cleans the oils and removes copper and iron from the system oil. The continuous removal of metal particles from oil and cleansing of the oil is made easier by a hydraulic filter.
๐๐๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ฉ๐ฒ ๐จ๐ ๐๐๐ฉ๐จ๐ซ๐ญ@ https://www.extrapolate.com/sample/Automotive/automotive-hydraulic-oil-filters-market/25675
Also, an increase in the need for energy-efficient filters is predicted to drive market growth. The market is also projected to be driven by the numerous functions of hydraulic filters since they offer an enormous number of benefits, including optimum effectiveness, a longer lifespan for combustion engines, increased fuel efficiency, and others. Moreover, current developments in the automotive sector and expanding technical exploration are anticipated to drive market growth.
๐๐จ๐ฆ๐ฆ๐๐ซ๐๐ข๐๐ฅ ๐๐๐ก๐ข๐๐ฅ๐๐ฌ ๐๐๐ ๐ฆ๐๐ง๐ญ ๐ญ๐จ ๐๐๐๐ ๐ญ๐ก๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ก๐๐ซ๐ ๐๐ฐ๐ข๐ง๐ ๐ญ๐จ ๐๐ข๐ฌ๐ข๐ง๐ ๐๐จ๐ฉ๐ฎ๐ฅ๐๐ญ๐ข๐จ๐ง ๐๐๐ซ๐จ๐ฌ๐ฌ ๐ญ๐ก๐ ๐๐ฅ๐จ๐๐
On the basis of the application, the global automotive hydraulic oil filters market is bifurcated into passenger cars and commercial vehicles. The commercial segment has dominated the market share in 2021 and is projected to continue to hold the largest market share throughout the forecast period. The considerable increase in the segment's growth can be attributed to a number of important factors, including the rising production of vehicles.
๐๐ซ๐จ๐ฐ๐ฌ๐ ๐๐จ๐ซ๐ ๐๐๐ญ๐๐ข๐ฅ๐ฌ ๐๐ข๐ญ๐ก ๐๐๐@ https://www.extrapolate.com/Automotive/automotive-hydraulic-oil-filters-market/25675
Furthermore, the commercial vehicles segment is anticipated to grow significantly as a result of the surging consumer demand for cars. Moreover, the increasing world population is expected to support the further growth of the segment.
๐๐จ๐ฏ๐๐ซ๐ง๐ฆ๐๐ง๐ญ ๐๐๐ ๐ฎ๐ฅ๐๐ญ๐ข๐จ๐ง๐ฌ ๐ญ๐จ ๐๐ซ๐๐ฏ๐๐ง๐ญ ๐๐๐ซ๐๐จ๐ง ๐๐ฆ๐ข๐ฌ๐ฌ๐ข๐จ๐ง๐ฌ ๐ญ๐จ ๐ ๐ฎ๐๐ฅ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐จ๐ฐ๐ญ๐ก
The global market is predicted to experience growth due to stricter emission laws being enacted to reduce environmental carbon emissions. The increasing number of automobiles on the road causes more carbon dioxide to be discharged into the atmosphere. Air pollution is a key cause of public health problems in the majority of developing cities, including Bangkok, Delhi, and other locations. The government is also taking various actions in response to the large rise in pollution brought on by vehicle carbon emissions, such as transitioning to emission-friendly technology such as electric vehicles and making cost-effective production changes.
Therefore, by imposing stringent requirements on companies that produce new cars, the government is concentrating on reducing the emission discharge level from cars. For instance, the pollution prevention act was created to reduce expenses associated with vehicle manufacturing and operation. Thus, it is projected that the market for automotive hydraulic oil filters will expand as a result of severe government rules limiting carbon emissions.
๐๐๐๐ ๐๐ ๐๐๐ ๐๐๐๐๐๐๐๐๐ ๐๐๐๐ ๐๐๐๐:
-Pall Corporation
-HYDAC INTERNATIONAL GmbH
-PARKER HANNIFIN CORP
-SMC Corporation
-Bosch Rexroth AG
-Eaton Corporation
-Donaldson Company, Inc.
-UFI Filters
-MAHLE Aftermarket GmbH
-Schroeder Industries
๐๐๐๐๐๐๐๐๐๐๐๐
๐๐ฒ ๐๐ฒ๐ฉ๐
-Bag Filter
-Screen Filter
-Magnetic filter
๐๐ฒ ๐๐ฉ๐ฉ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง
-Passenger Cars
-Commercial Vehicle
๐๐๐ฒ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐ฆ๐๐ง๐ญ๐ฌ:
โ The British aftermarket presence of Italian hydraulic filter producer UFI Filters has grown as a result of the opening of a new warehouse and specialist office, the company reported in March 2019. The aftermarket inventory at the new distribution facility has approximately 3,000 SKUs. In the next years, the company hopes to gain traction in the extremely fragmented Irish and UK aftermarkets with the help of its recently chosen supply chain partner, German logistics company DB Schenker.
๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐๐๐จ๐ฎ๐ญ ๐๐๐ฉ๐จ๐ซ๐ญ@ https://www.extrapolate.com/enquire/Automotive/automotive-hydraulic-oil-filters-market/25675
๐๐ฌ๐ข๐ ๐๐๐๐ข๐๐ข๐ ๐ญ๐จ ๐๐จ๐ฆ๐ข๐ง๐๐ญ๐ ๐ญ๐ก๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ก๐๐ซ๐ ๐๐ฐ๐ข๐ง๐ ๐ญ๐จ ๐๐ซ๐จ๐ฐ๐ข๐ง๐ ๐๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐ข๐ง ๐ญ๐ก๐ ๐๐๐ ๐ข๐จ๐ง
The Asia Pacific is projected to dominate the automotive hydraulic oil filters market share as a result of the growing automotive sector in several major nations such as India and China. The demand for automotive hydraulic filters in this region is anticipated to rise as a result of a huge consumer base, increasing annual incomes, and a sizable investment in the automotive sector.
Europe is anticipated to grow at a rapid CAGR rate in the automotive hydraulic filters market owing to the surging demand and production of automobiles in this region. The automotive hydraulic filters market in the region is expected to grow substantially due to rising urbanization and customer demand for vehicles.
๐๐๐ฒ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ ๐ญ๐จ ๐ ๐จ๐๐ฎ๐ฌ ๐จ๐ง ๐๐ข๐ ๐ง๐ข๐ง๐ ๐๐ ๐ซ๐๐๐ฆ๐๐ง๐ญ๐ฌ ๐ญ๐จ ๐๐จ๐ฅ๐ ๐๐จ๐ฉ ๐๐จ๐ฌ๐ข๐ญ๐ข๐จ๐ง ๐ข๐ง ๐ญ๐ก๐ ๐๐ฅ๐จ๐๐๐ฅ ๐๐๐ซ๐ค๐๐ญ
The market for vehicle hydraulic oil filters is highly fragmented, with a number of players holding the majority of the market. In order to raise their revenue share and keep up with their competition in the global marketplace, these businesses have put a variety of business growth methods into practice. Leading manufacturers use a variety of important tactics to expand their businesses, including agreements, alliances, collaborative partnerships, mergers, and acquisitions.
๐๐๐๐๐ ๐๐ ๐๐๐๐๐๐๐๐:
Chapter 1. Executive Summary
Chapter 2. Research Methodology
Chapter 3. Market Outlook
Chapter 4. COVID-19 Impact On Automotive Hydraulic Oil Filters Market
Chapter 5. Global Automotive Hydraulic Oil Filters Market Overview, By Type, 2015 - 2028(USD Million)
Chapter 6. Global Automotive Hydraulic Oil Filters Market Overview, By Application, 2015 - 2028(USD Million)
Chapter 7. Global Automotive Hydraulic Oil Filters Market Overview, By Geography, 2015 - 2028(USD Million)
Chapter 8. North America Automotive Hydraulic Oil Filters Market Overview, By Countries, 2015 - 2028(USD Million)
Chapter 9. Europe Automotive Hydraulic Oil Filters Market Overview, By Countries, 2015 - 2028(USD Million)
Chapter 10. Asia Pacific Automotive Hydraulic Oil Filters Market Overview, By Countries, 2015 - 2028 (USD Million)
...Continued
๐๐จ๐ง๐ญ๐๐๐ญ ๐๐ฌ:
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๐๐๐จ๐ฎ๐ญ ๐๐ฌ
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