Hydrostatic Transmission Market Trends, Growth, Size and Forecast to 2023
Summary
Global Hydrostatic Transmission Market Report: Information by Capacity (Light Duty, Medium Duty, and Heavy Duty), Operation (VDM-CDP, VDP-CDM, and VDM-VDP), and Application (Agriculture, Construction & Mining and Logistics & Transport) - Forecast till 2023
Hydrostatic Transmission Market Analysis
Hydrostatic transmission system is a power transmission system in the form of an integrated machine, which provides controlled application of the power at high torque at low speed. Hydrostatic transmission is used in equipment which require high torque at low speed. A hydrostatic transmission system converts mechanical power of input shafts of pump to output shaft of motor without using gears. Hydrostatic transmission uses fluid oil or other hydraulic fluid medium to transmit power from the power source to the drive mechanism.
The global hydrostatic transmission market is poised to have a prodigious growth at 4% CAGR over the predicted years (2018-2023).
Key Players
Leading players profiled in the hydrostatic transmission market include Linde Hydraulics GmbH & Co. KG (Germany), Robert Bosch GmbH (Germany), Poclain Hydraulics (China), Kawasaki Heavy Industries, Ltd. (Japan), CARRARO Group (Italy), Danfoss A/S (Denmark), Dana Incorporated (US), Kanzaki Kokyukoki Mfg. Co., Ltd (Japan), Parker Hannifin Corporation (US), Eaton Corporation Plc. (Dublin) and others.
Market Segmentation
MRFR report provides an extensive segmental analysis of the hydrostatic transmission market on the basis of capacity, operation type and application.
Based on capacity, it is segmented into heavy duty, medium duty and light duty. Of these, heavy duty will have the largest share in the market during the forecast period.
Based on operation type, the hydrostatic transmission market is segmented into variable displacement motor-variable displacement pump, variable displacement pump constant displacement motor and variable displacement motor constant displacement pump. Of these, the variable displacement pump-constant displacement motor will lead the market during the forecast period.
Based on application, it is segmented into logistics and transport, construction and mining, agriculture and others. Of these, construction will dominate the market during the forecast period.
Regional Analysis
By region, the hydrostatic transmission market covers growth opportunities and latest trends across Rest of the World, Asia Pacific, Europe and North America. Of these, Asia Pacific will outweigh others in the market during the forecast period followed by North America. This is owing to increase in need for heavy lifting equipment in various industries including mining and construction in India and China with fuel-efficient systems. Growing development of infrastructure and new roads in China and India needs advanced heavy machinery as well as equipment which in turn is boosting the demand for hydrostatic transmission. The hydrostatic transmission market in North America will have the second major share and will continue to hold its position in the forecast period. This is owing to the presence of several heavy equipment manufacturers here.
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