Increasing Application of Hydrostatic Transmission in Agriculture Industry is driving the Hydrostatic Transmission Market
Globally, the hydrostatic transmission market is expected to grow with a CAGR of 6.5% during the forecast period from 2019 to 2027, starting from 2018 with a market value of US$ 6.12 Bn. Hydrostatic transmission are the devices or the systems which are utilized by heavy machineries with high power without speed. These devices use fluid pressure, which revolves around pump and motors for transmission of torque. Moreover, these machines have applications in various industries such as construction and mining, heavy industries, agriculture and others. Hydrostatic transmission devices or systems can also be used in power generation systems, ships, railway vehicles, generators and others.
Since, past few years the demand for hydrostatic transmission has been witnessed a significant growth as its applications are increasing in various industrial aspects such as power generation systems, railway vehicles, ships and many other areas. As industrialization across the globe has taken a huge leap, the demand for high capacity hydrostatic transmission equipment is enhancing. Rapid developments in the end use industries is driving the growth of the hydrostatic transmission market during the forecast period. However, technical errors associated with the devices, and high cost of hydrostatic transmission are likely to restrain the growth of this market.
Market Synopsis
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"Hydrostatic Transmission with Heavy Duty in its Capacity Segment Continue Dominating the Market"
In 2018, the heavy-duty segment led the overall hydrostatic transmission market by contributing to more than 1/3rd of market share of the total revenue generated globally. The heavy duty hydrostatic transmission are used in transit mixer, road roller, paver, motor grader, loader, dozer harvester, crane, marine, sweeper, lift truck, windrower, sprayer, and planter which is a major factor for their high market share. However, the medium duty devices are expected to be the fastest growing segment during the forecast period and are expected to dominate the market during the forecast period.
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"Europe Dominates the Market by Region"
The global hydrostatic transmission market is led by Europe due heavy investments made by the companies in the region, additionally; there has been development in the infrastructure across various countries within last decades in the region, which is contributing in the market growth. The region accounts more than 35.0% of the market share in 2018. Additionally, increasing farming in the region is a factor for driving the market growth. The region consists of countries such as UK, Germany, France, Spain, Italy are and others with large agriculture and construction industries. UK is accounted to be the fastest growing country in the region, however, Germany is expected to be the dominate the market during the forecast period.
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Some of the prominent players operating in the hydrostatic transmission market includes Parker Hannifin Corp., Eaton Corp. PLC, Kanzaki Kokyukoki Mfg. Co., Ltd., Danfoss A/S, Dana Incorporated, CARRARO Group, Poclain Hydraulics, Kawasaki Heavy Industries, Ltd., Robert Bosch GmbH, Inoxt, Inc., Tuff Torq Corp., Linde Hydraulics GmbH & Co. KG, Hydrosila Group, Pemar, S.A, and HANSA-TMP Group.
Historical & Forecast Period
This research report presents the analysis of each segment from 2017 to 2027 considering 2018 as the base year for the research. Compounded Annual Growth Rate (CAGR) for each respective segment calculated for the forecast period from 2019 to 2027.
Report Scope by Segments
The hydrostatic transmission market report provides market size and estimates based on market dynamics and key trends observed in the industry. The report provides a holistic view of global hydrostatic transmission market based on application, capacity, operation type, and geography. Key segments covered in the report are as follows:
| ATTRIBUTE |
DETAILS |
| Research Period |
2017-2027 |
| Base Year |
2018 |
| Forecast Period |
2019-2027 |
| Historical Year |
2017 |
| Unit |
USD Billion |
| Segmentation |
Capacity Segment (2017–2027; US$ Bn)
• Light Duty
• Medium Duty
• Heavy Duty
|
|
Operation Type Segment (2017–2027; US$ Bn)
• VDM-CDP
• VDP-CDM
• VDM-VDP
|
|
Application Segment (2017–2027; US$ Bn)
• Agriculture
• Construction & Mining
• Logistics & Transport
• Others
|
|
Geography Segment (2017–2027; US$ Bn)
• North America (U.S. and Rest of North America)
• Europe (U.K., Germany, France, and Rest of Europe)
• Asia Pacific (Japan, China, India, and Rest of Asia Pacific)
• Rest of World (Middle East & Africa (MEA), Latin America)
|
Key questions answered in this report
- What was the market size of hydrostatic transmission in 2018 and forecast up to 2027?
- Which is the largest regional market for heavy duty in capacity?
- What are the major trends followed in hydrostatic transmission market across different regions?
- Who is the key hydrostatic transmission companies leading the market?
- What are the key strategies adopted by the leading hydrostatic transmission companies in market?
Unique data points of this report
- Statistics on hydrostatic transmission penetration and spending worldwide
- Recent trends across different regions in terms of adoption of hydrostatic transmission for applications.
- Notable developments going on in hydrostatic transmission market
- Attractive investment proposition for segments as well as geography
- Comparative scenario for all the segments for years 2018 (actual) and 2027 (forecast)
