Hydrostatic Transmission Market Forecasts to 2028 – Global Analysis By Capacity (Light Duty, Medium Duty, Heavy Duty), End User (Construction, Agriculture, Logistics & Transport, Oil & Gas, Food & Beverages) and By Geography
According to Stratistics MRC, the Global Hydrostatic Transmission Market is accounted for $6.00 billion in 2020 and is expected to reach $10.08 billion by 2028 growing at a CAGR of 6.7% during the forecast period. Factors such as growing automobile industry, increasing demand from various end user industries, and growing demand for energy and power are driving the growth of the market. However, high cost of hydrostatic transmission equipment is hampering the growth of the market.
Hydrostatic transmission is used in low-speed conditions for producing high torque. It uses hydraulic fluid media to transmit power from the power source to the drive mechanism. The drive converts rotating mechanical power of the input shaft of the pump to the output drive shaft of the motor without the use of gears.
Based on the end user, the agriculture segment is anticipated to expand at a rapid pace during the forecast period owing to the increasing mechanization in this sector which fuels the demand for modern tractors. By geography, North America is going to have high growth during the forecast period which can be attributed to the increasing construction activities and infrastructural developments in the major economies of the region.
Some of the key players profiled in the Hydrostatic Transmission Market include Robert Bosch GmbH, Eaton Corporation PLC, Dana Holding Corporation, Kawasaki Heavy Industries Ltd, Danfoss A/S, Parker Hannifin Corporation, Hydrosila JSC, Carraro SpA, Poclain Hydraulics France SAS, Kanzaki Kokyukoki Mfg Co Ltd, HANSA-TMP Srl, Inoxt, Inc. (PMC Global), Linde Hydraulics GmbH & Co KG, Perea Maritima S.A., and Tuff Torq Corporation.
Estimated Market Size in 2020:
USD 6.00 billion
Compound Annual Growth Rate (CAGR) from 2020 to 2028:
Predicted 2028 Value:
USD 10.08 billion
Tables, Graphs & Figures
Capacity, Base Oil, Shifter, Operation Type, End User, and Region
Core Drivers and Opportunities:
Restraining Factors & Market Threats:
• Light Duty
• Medium Duty
• Heavy Duty
Base Oils Covered:
• Bio-Based Oil
• Synthetic Oil
• Semi Synthetic Oil
• Mineral Oil
• Manual Servo
Operation Types Covered:
• Variable Displacement Motor-Variable Displacement Pump (VDM-VDP)
• Variable Displacement Pump-Constant Displacement Motor (VDP-CDM)
• Variable Displacement Motor-Constant Displacement Pump (VDM-CDP)
End Users Covered:
• Logistics & Transport
• Oil & Gas
• Mining & Metal Production
• Food & Beverages
• Other End Users
• 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 2019, 2020, 2021, 2025, and 2028
- 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
Free Customization Offerings:
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 Hydrostatic Transmission Market is majorly driven by growing automobile industry, increasing demand from various end user industries, and growing demand for energy and power.
The construction segment is growing at a highest CAGR owing to the rising urbanization and industrialization around the world.
North America dominated with a significant market share due to the factors such as the increasing construction activities and infrastructural developments in the region.
Asia Pacific market is growing at a highest CAGR owing to the development of new and improved roads and infrastructure in different parts of the region.
Key players in Hydrostatic Transmission Market include Robert Bosch GmbH, Eaton Corporation PLC, Dana Holding Corporation, Kawasaki Heavy Industries Ltd, Danfoss A/S, Parker Hannifin Corporation, Hydrosila JSC, Carraro SpA, Poclain Hydraulics France SAS, Kanzaki Kokyukoki Mfg Co Ltd, HANSA-TMP Srl, Inoxt, Inc. (PMC Global), Linde Hydraulics GmbH & Co KG, Perea Maritima S.A., and Tuff Torq Corporation.
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