Automotive Hydrostatic Fan Drive System Market Forecasts to 2028 – Global Analysis By Component (Electronic Control Unit (ECU), Fixed Gear/Hydraulic Motor, and Others), Pump Type, Vehicle Type and By Geography
According to Stratistics MRC, the Global Automotive Hydrostatic Fan Drive System Market is accounted for $153.61 million in 2020 and is expected to reach $301.62 million by 2028 growing at a CAGR of 8.8% during the forecast period. Government initiatives across the world to reduce carbon emissions, growing demand for hydrostatic fans and advancements in engine manufacturing are driving the market growth. However, high initial capital and maintenance costs required are hampering the growth of the market.
Automotive hydrostatic fan drive system is an essential component employed in the automobile that assists with control units, sensors and lubrication. The primary aim of a fan drive system is to get rid of excess heat and regulate temperature in the vehicle when the engine heats up.
Based on the vehicle type, the off-road vehicles segment is going to have lucrative growth during the forecast period owing to the stringent emission regulations and norms for off-highway vehicles which led to a requirement for effective cooling systems which in turn drive the growth of this segment. By geography, Asia Pacific is going to have high growth during the forecast period due to the rise in demand for agricultural tractors and construction equipment due to agricultural advancements in developing nations like India and China.
Some of the key players profiled in the Automotive Hydrostatic Fan Drive System Market include Avid Impex, Axiomatic Technologies, Bondioli & Pavesi, Bosch Rexroth AG, Bucher Hydraulics, Casappa, Concentric AB, Danfoss, Eaton, Enovation Controls, Hawe Hydraulik, Hydac International, Hydraforce Hydraulics, Hydrosila Group and JTEKT Corporation.
Estimated Market Size in 2020:
USD 153.61 million
Compound Annual Growth Rate (CAGR) from 2020 to 2028:
Predicted 2028 Value:
USD 301.62 million
Tables, Graphs & Figures
Component, Pump Type, Vehicle Type and Region
Core Drivers and Opportunities:
Restraining Factors & Market Threats:
• Electronic Control Unit (ECU)
• Fixed Gear/Hydraulic Motor
• Hydraulic Valves & Sensors
• Oil Cooler
• Variable Axial Piston/Hydraulic Pump
Pump Types Covered:
• Fixed Displacement Pump
• Variable Displacement Pump
Vehicle Types Covered:
• On-Road Vehicles
• Off-Road Vehicles
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019, 2020, 2024 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Key Questions Answered In The Report
The Global Automotive Hydrostatic Fan Drive System Market is majorly driven by government initiatives across the world to reduce carbon emissions, growing demand for hydrostatic fans and advancements in engine manufacturing.
The fixed gear/hydraulic motor segment is growing at a highest CAGR owing to the shift from a fixed displacement pump to variable displacement pump, which is the costliest and vital component of the system.
Asia Pacific dominated with a significant market share due to the factors such as increase in infrastructural developments in emerging countries such as China and India and the growing stringency of emission regulations.
South America market is growing at a highest CAGR owing to the development in agriculture industry and mining industry which led to the adoption of more commercial and off-highway vehicles in the region.
Key players in Automotive Hydrostatic Fan Drive System Market include Avid Impex, Axiomatic Technologies, Bondioli & Pavesi, Bosch Rexroth AG, Bucher Hydraulics, Casappa, Concentric AB, Danfoss, Eaton, Enovation Controls, Hawe Hydraulik, Hydac International, Hydraforce Hydraulics, Hydrosila Group and JTEKT Corporation.
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