Hydrostatic drive market Growth Projections by Company, Overview...

Hydrostatic drive market Growth Projections by Company, Overview And Developing By 2030

Posted 2023-04-13 12:59:19

Market Highlights

In addition, the global hydrostatic drive market is projected to rise at a CAGR of 5.52%, with a significant value over the estimated forecasting period of 2022-2030.

Hydro static drive is used in applications, which require high torque at low speed. hydrostatic drive refers to a transmission system, which uses pump, motor, and the prime mover to transmit the torque at low speed. The power transmission is required in heavy machinery, which will not function efficiently with the usual mechanical transmission system, which is the key factor of the hydrostatic drive market. hydrostatic drive gives precise power transmission, which is used in construction, mining, and agriculture and requires heavy-duty equipment. The hydrostatic drive is used in power generation systems such as wind turbine generators, and diesel generators. Hence, the demand for hydrostatic drive systems is increasing. One trend which drives the adoption of medium-duty equipment with hydrostatic drive.

Key Players

The prominent players in the hydrostatic drive market include Eaton Corporation Plc. (Dublin), Parker Hannifin Corporation (US), Kanzaki Kokyukoki Mfg. Co., Ltd (Japan), and Dana Incorporated (US). Danfoss A/S (Denmark) and CARRARO Group (Italy), Kawasaki Heavy Industries, Ltd. (Japan), Poclain Hydraulics (China), Robert Bosch GmbH (Germany), and Linde Hydraulics GmbH & Co. KG (Germany) are among others.

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Market Research Analysis

In terms of region, the global market for hydrostatic drive are segmented into North America, Europe, Asia-Pacific and Rest of the World. Asia-Pacific is expected to hold the major market share over the forecast period. The region is marked by an increase in demand for heavy lifting equipment in several industries such as mining. In Asia-Pacific, countries such as India and China held a significant investments in infrastructure and road development, which require heavy machinery and equipment and fuel the growth of hydrostatic drive systems during the forecast period.

In North America, the demand for off-road vehicle has been increasing due to the growth of US and Canada markets. Europe market is expected to grow due to wood harvesting equipment and machinery, which require the use of hydrostatic drive. The increase in demand for energy efficient hydrostatic drive in major developing nations will enhance the growth of the global market.

Scope of the Report

This study provides an overview of the global hydrostatic drive market, tracking three market segments across four geographic regions. The report studies key players, providing a six-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia-Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global hydrostatic drive market by capacity, operation type, application and regions.

By Capacity

· Light Duty

· Medium Duty

· Heavy Duty

By Operation Type

· VDM-CDP

· VDP-CDM

· VDM-VDP

By Application

· Agriculture

· Construction & Mining

· Logistics & Transport

· Others

By Regions

· North America

· Asia-Pacific

· Europe

· Rest of the World

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