Global Construction Machinery Filter Market (2020 to 2025) - Featuring Donaldson, Bosch Rexroth and Baldwin Among Others - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Dec 23, 2020--
The “Construction Machinery Filter Market - Forecasts from 2020 to 2025” report has been added to ResearchAndMarkets.com’s offering.
The construction machinery filter market is expected to grow at a CAGR of 6.69% over the forecast period to reach a total market size of $1,304.347 billion by 2025, increasing from $884.404 million in 2019.
Construction machinery filters protect the system components from the damage caused due to contamination. The work of each type of filter used in construction machinery is to enable flows and catch impurities such as dust (contaminants in the air), impurities in the fuel. Expanding construction activities in various parts of the world coupled with increasing investment in infrastructure is expected to drive the growth of the market during the forecast period.
- Groupe HIFI
- YAMASHIN-FILTER CORP
- Bosch Rexroth
- Parker Hannifin
- Hydac, Eaton PLC
- Pall Corporation
- UFI Filters
Growing road construction
The growth of the market is attributed due to the increasing road and paving construction which uses heavy machinery. The use of construction machinery filter reduces the maintenance costs, therefore a significant increase in the efficiency of construction machinery for road construction across the various developing economies due to the fact the heavy investments are being done in countries such as China, India, and Indonesia for the construction of highly advanced and durable road transport networks.
In addition, the development of rural areas in major developed economies like the United States has led to the construction of new roads and highways networks for the connection of rural and urban communities. For instance, recently, the U.S. Transportation Secretary announced the availability of US$900 million in an infrastructure grant for the better connection of rural and urban communities and will facilitate the development of roads, rails, bridges, and transits, among others.
High investment in infrastructure across countries
Growing infrastructure investment across countries is expected to boost the demand for Structural Health Monitoring (SHM) systems due to the benefits they add pertaining to the sustainability of structures and low cost in maintenance and inspection after being built. Emphasis on superior infrastructure is a key policy factor in both the developing and the developed world as a robust infrastructure forms the base for overall economic growth and high productivity in public as well as private sectors. Be it the building of bridges, dams, buildings, stadiums, flyovers, railway stations, and shopping malls, or be it applications such as diagnosing vessels and platforms in marine industries, aircraft frames in aerospace and defense, and inspection of large machines, heavy investments are being made in all the above, hence, likely to give a push to the adoption of premium quality construction machines filters at an even larger scale.
By 2040, the global population is expected to grow by almost two billion people which shows an increase of twenty percent. Rural to urban migration will continue with the urban population growing by 46%, triggering massive demand for infrastructure support (source: The Global Infrastructure Outlook, GIHub). Besides, it is also estimated that the global infrastructure investment needs will reach nearly US$94 trillion by the end of 2040 to keep pace with profound economic and demographic changes in various parts of the world (source: The Global Infrastructure Outlook, GIHub). Over half of the global infrastructure needs are in the Asia Pacific region and the United States of America is projected to witness the largest gap between actual and expected investment.
The North American and European region is holding a significant share in the market
The increasing need for capital investment in upgrading the existing old structures in the developed economies like the United States, Germany, UK, and France is expected to drive the growth of the market for construction machinery filter market during the forecast period. For instance, according to the National Bridge inventory report of the United States conducted by Federal highway administration in 2015, there are about 58,495 structurally deficient bridges in the United States which have advanced corrosion, deterioration, cracking, or chipping to the deck and erosion of concrete bridge piers.
Key Topics Covered:
2. Research Methodology
3. Executive Summary
4. Market Dynamics
4.1. Market Drivers
4.2. Market Restraints
4.3. Porters Five Forces Analysis
4.4. Industry Value Chain Analysis
5. Global Construction Machinery Filter Market Analysis, By Type
5.2. Hydraulic fluid filters
5.3. Transmission filters
5.4. Engine oil filters
5.5. Fuel filters
6. Global Construction Machinery Filter Market Analysis, By Construction Machine
6.3. Backhoe Loader
6.4. Crawler loader
6.5. Skid Steer Loader
6.6. Wheeled Loader
6.8. Off-Highway Trucks
7. Global Construction machinery filter Market Analysis, By Application
7.2. New Market
7.3. Replacement Market
8. Global Construction Machinery Filter Analysis, by Geography
8.2. North America
8.3. South America
8.5. The Middle East and Africa
8.6. Asia Pacific
9. Competitive Environment and Analysis
10. Company Profiles
For more information about this report visit https://www.researchandmarkets.com/r/i1406t
View source version on businesswire.com:https://www.businesswire.com/news/home/20201223005308/en/
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INDUSTRY KEYWORD: CONSTRUCTION & PROPERTY OTHER CONSTRUCTION & PROPERTY
SOURCE: Research and Markets
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PUB: 12/23/2020 09:51 AM/DISC: 12/23/2020 09:51 AM