The
‘Global Hydrostatic Transmission Market Size, Report and Forecast 2022-2027’ by Expert Market
Research gives an extensive outlook of the global hydrostatic transmission
market, assessing the market on the basis of its segments like capacity type,
operation, end use, and major regions.
Hydrostatic
Transmission Market Size, Trends, Industry Report, Key Player, Major Segments,
and Forecast
The key highlights
of the report include:
Market Overview (2017-2027)
•
Forecast CAGR (2022-2027): 4.8%
|
Report Attribute |
Details |
|
Historical Period |
2018-2022 |
|
Forecast Period |
2023-2028 |
|
Base Year |
2022 |
|
Growth Rate CAGR |
4.8% |
|
Major Players |
Parker Hannifin
Corp, Dana Incorporated, Eaton Corporation plc, Komatsu America Corp., |
The global hydrostatic
transmission market is expected to register growth during the forecast period
on account of the growth of the agricultural, transportation, and construction
industries. Hydrostatic transmission systems help in the operations of power
generation systems, wind turbine generators, railway vehicles, engine
generators, and ships, among others. Over the past few years, the demand for
large-capacity hydrostatic transmission has been driving significant market
growth across the globe.
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The surging demand
for hydrostatic transmission across industries is expected to support the
growth of the hydrostatic transmission market all over the world in the
upcoming years. The growing adoption of mid-size heavy-duty machines and
equipment with hydrostatic transmission is expected to gain momentum in the
market growth of hydrostatic transmission.
The rising
investments in tractors and agricultural mechanisation across various regions
across the world are further expected to support the market growth of
hydrostatic transmission. With the growing agricultural industry and emerging
farms, the demand for upgraded and modern tractors is increasing.
Hydrostatic
Transmission Industry Definition and Major Segments
A hydrostatic
transmission is a hydraulic system where the hydraulic accumulator or pump
drives the motor, using fluid that is passed through flexible hoses. Gears are
not required to transform the rotating mechanical energy from one source to
another, as the pump and motor are fixed, and hydrostatic transmission itself
acts as a gearbox.
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Based on capacity type, the market is segmented into:
• Light Duty
• Medium Duty
• Heavy Duty
By operation, the market is classified into:
• VDM-CDP
• VDP-CDM
• VDM-VDP
On the basis of end use, the market is segmented into:
• Transportation
• Construction
• Mining
• Agriculture
• Others
Based on region, the market is divided into:
• North America
• Latin America
• Asia Pacific
• Europe
• Middle East and Africa
Hydrostatic
Transmission Market Trends
The rapid
infrastructural development as well as the growing urbanisation, especially in
emerging economies, are enhancing the demand for innovative construction
equipment, and machines integrated with advanced technology. Heavy equipment
and machines, like excavators, forklifts, tractors, and wheel loaders, are on a
rise, aiding the growth of the hydrostatic transmission market.
The growing usage
of remote-control operations among heavy equipment is expected to fuel the
demand for hydrostatic transmission systems. Hydrostatic transmission is
beneficial for less-experienced staff drivers with a gear-free handling
experience. The demand for the inclusion of hydrostatic transmission systems in
agricultural machinery and equipment is likely to increase due to the surging
application of heavy-powered attachments, like sprayers and aerators.
Geographically, the
Asia Pacific region is anticipated to drive the hydrostatic transmission market
growth over the coming years. This is due to the increase in the demand for
heavy lifting equipment from several industries. Moreover, emerging economies
like India and China are heavily investing in the expansion of new as well as
improved infrastructure and roads requiring advanced and heavy equipment and
machinery.
Key
Market Players
The major players
in the hydrostatic transmission market report are:
• Parker Hannifin
Corp
• Dana Incorporated
• Eaton Corporation plc
• Komatsu America Corp.
• Kawasaki Heavy Industries, Ltd.
• Tuff Torq Corporation
• Others
The report studies
the latest updates in the market, along with their impact across the market. It
also analysis the market demand, together with its price and demand indicators.
The report also tracks the market on the bases of SWOT and Porter’s Five Forces
Models.
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