Hydrostatic Transmission Industry Eyeing for Upward Growth Trajectory

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The global Hydrostatic Transmission Industry is expected to exhibit a steady 4% CAGR over the forecast period from 2018 to 2023, according to the latest research report from Market Research Future (MRFR). The global Hydrostatic Transmission Industry is expected to be driven by the growing demand for hydrostatic transmission in industrial and agricultural applications in place of conventional mechanical transmission.

Hydrostatic transmission is a transmission system where power from the prime mover is delivered to the output unit through pressurized fluid rather than the conventional chain or belt mechanisms. Due to the absence of traditional “gears”, the transmission can be made extremely precise at any speed, which is a major benefit in industrial end uses. The Hydrostatic Transmission Industry is also driven by the increasing awareness of the high amounts of torque produced by hydrostatic transmission at low speeds, which is also a major benefit in industrial end uses. Due to the absence of mechanical components, power loss through friction and other such factors is also minimized, whereas the use of pressurized fluids also reduces the need for maintenance operations, as mechanical components can sustain major damage due to wear and tear, which is avoided in hydrostatic transmission systems.

Competitive Analysis

Leading players in the global Hydrostatic Transmission Industry include Linde Hydraulics GmbH & Co. KG, Robert Bosch GmbH, Poclain Hydraulics, Kawasaki Heavy Industries Ltd., CARRARO Group, Danfoss A/S, Dana Inc., Kanzaki Kokyukoki Mfg. Co. Ltd., Parker Hannifin Corporation, and Eaton Corporation plc.
In June 2019, John Deere unveiled a new 850 size class bulldozer with 10% more horsepower and 23% more torque than its predecessor. The bulldozer uses a hydrostatic transmission system.

Segmentation

The global Hydrostatic Transmission Industry is segmented on the basis of capacity, operation type, application, and region.
By capacity, the global Hydrostatic Transmission Industry is segmented into light duty, medium duty, and heavy duty.
By operation type, the global Hydrostatic Transmission Industry is segmented into variable displacement motor-constant displacement pump, variable displacement pump-constant displacement motor, and variable displacement motor-variable displacement pump.
By application, the global Hydrostatic Transmission Industry is segmented into agriculture, construction and mining, logistics and transportation, and others.

Regional Analysis

Asia Pacific is likely to hold the largest share in the global Hydrostatic Transmission Industry over the forecast period due to the growing demand from the construction and mining industries in the region. The mining sector in Asia Pacific countries such as China, India, and Australia accounts for a significant part of the country’s economy and is likely to grow in the coming years due to the growing demand for precious metals, other metals, and other minerals in the region. The growing demand for metals such as copper and iron in the rapidly growing economy of China is also a major driver for the mining sector in Asia Pacific, thus driving the Hydrostatic Transmission Industry in the region. The growing construction industry in China, India, and other Asia Pacific has also been a major driver for the Hydrostatic Transmission Industry, as construction machinery has been in prime demand in this region in the last few years. The growing demand for residential construction as well as industrial and infrastructure expansion in the developing economies could prove to be a major factor working in favor of the Hydrostatic Transmission Industry over the forecast period.

North America and Europe follow Asia Pacific and are likely to remain key players in the global Hydrostatic Transmission Industry over the forecast period due to the presence of several leading market players in these regions and the growing demand for hydrostatic transmission systems from the construction industry.

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