Market Overview:
The global hydrostatic transmission market is estimated to be valued at US$ XX Mn in 2018 and is projected to reach US$ XX Mn by 2030, exhibiting a CAGR of X.X% during the forecast period. The market growth can be attributed to the increasing demand for hydrostatic transmissions in various applications such as agriculture, construction & mining, logistics & transport and others. Based on type, the light duty segment is expected to account for a major share of the global hydrostatic transmission market during the forecast period. This can be attributed to its high demand from various end-use industries such as agriculture and construction & mining. However, medium duty segment is projected to grow at a higher CAGR owing to its growing demand from automotive applications across different regions worldwide. On basis of application, agricultural segment dominates the global hydrostatic transmission market followed by construction & mining application segments respectively.
Product Definition:
A hydrostatic transmission is a type of continuously variable transmission (CVT) that uses hydraulic fluid to transmit power. It is used in heavy equipment, such as construction vehicles and agricultural machinery, because it can handle large amounts of torque without stalling. Hydrostatic transmissions are also more efficient than traditional CVTs, which makes them popular in hybrid vehicles.
Light Duty:
Light duty hydraulic transmission systems are used in various industries such as automotive, construction equipment, material handling and food processing. The growth factor for the market is high owing to increasing demand from these end-use industries. Light duty hydraulic transmissions are preferred over heavy-duty systems due to their low cost and better performance in terms of efficiency, reliability & safety.
Medium Duty:
Medium duty is a type of hydraulic transmission used in construction equipment such as cranes, telehandlers, and elevators. It is designed to handle the general load of up to 1.8 kN (11 kg) at a pressure range between 80-160 bars (1700-psi). Medium duty transmissions are primarily employed in applications where high power and low speed are required.
The global medium duty market size was valued at USD 6.5 billion in 2016.
Application Insights:
The agriculture application segment accounted for the largest market share in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growth can be attributed to increasing demand for tractors with high horsepower across developing countries including China, India, Brazil and Mexico. Tractors with hydrostatic transmission are preferred owing to their ability to work even on uneven terrain as they have low ground pressure compared with other types of transmissions.
The construction & mining application segment was valued over USD 1 billion in 2017 and is expected to grow at a significant rate during the forecast period owing to rising demand from emerging economies including China, India, Brazil and South Africa for heavy machinery used in construction activities such as earthmoving equipment & dragline excavators among others. These machines require constant monitoring & maintenance due to which there has been an increased focus on automation leading companies like Caterpillar Inc., Deere & Co., etc.
Regional Analysis:
Asia Pacific accounted for the largest market share of over 40% in 2017. The region is expected to witness significant growth owing to increasing demand from end-use industries, such as construction and mining. China is projected to be a key contributor in terms of revenue generation in Asia Pacific regional market on account of rapid industrialization and urbanization coupled with strong economic growth.
Europe was the second-largest regional segment accounting for a revenue share of over 25%in 2017 owing to rising investments by governments across several countries for developing transportation infrastructure networks, which are anticipated favorably impact hydrostatic transmission sales across the region during the forecast period. North America also had a considerable market share due to increased focus on improving energy infrastructure within U.S.
Growth Factors:
- Increasing demand for hydrostatic transmissions in the agricultural sector on account of their high efficiency and low maintenance requirements.
- Growing popularity of hydrostatic transmissions in construction and mining applications due to their superior performance characteristics as compared to traditional gearboxes.
- Rising demand for hydrostatic transmissions from the automotive industry on account of their fuel efficiency and longer service life as compared to conventional automatic transmission systems.
- Proliferation of rental businesses that offer hydraulic equipment such as excavators, loaders, etc., which use hydrostatic drives, is aiding market growth significantly.
Scope Of The Report
Report Attributes
Report Details
Report Title
Hydrostatic Transmission Market Research Report
By Type
Light Duty, Medium Duty, Heavy Duty
By Application
Agriculture, Construction & Mining, Logistics & Transport, Others
By Companies
Dana, Danfoss, Eaton, KANZAKI, Parker Hannifin, Bosch Rexroth, Carraro Drive Tech, Deere & Company, Doosan, GS Global Resources, ISEKI, Dana, Danfoss, Komatsu, The Linde Group, Oil-Air Products, OMSI, POCLAIN HYDRAULICS, Tuff Torq, ZF Friedrichshafen
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
177
Number of Tables & Figures
124
Customization Available
Yes, the report can be customized as per your need.
Global Hydrostatic Transmission Market Report Segments:
The global Hydrostatic Transmission market is segmented on the basis of:
Types
Light Duty, Medium Duty, Heavy Duty
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Agriculture, Construction & Mining, Logistics & Transport, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Dana, Danfoss
- Eaton
- KANZAKI
- Parker Hannifin
- Bosch Rexroth
- Carraro Drive Tech
- Deere & Company
- Doosan
- GS Global Resources
- ISEKI
- Dana, Danfoss
- Komatsu
- The Linde Group
- Oil-Air Products
- OMSI
- POCLAIN HYDRAULICS
- Tuff Torq
- ZF Friedrichshafen
Highlights of The Hydrostatic Transmission Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Light Duty
- Medium Duty
- Heavy Duty
- By Application:
- Agriculture
- Construction & Mining
- Logistics & Transport
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Hydrostatic Transmission Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Hydrostatic transmission is a type of transmission where the engine and drivetrain are submerged in a fluid. This fluid circulates through the system to provide power to the wheels.
Some of the major companies in the hydrostatic transmission market are Dana, Danfoss, Eaton, KANZAKI, Parker Hannifin, Bosch Rexroth, Carraro Drive Tech, Deere & Company, Doosan, GS Global Resources, ISEKI, Dana, Danfoss, Komatsu, The Linde Group, Oil-Air Products, OMSI, POCLAIN HYDRAULICS, Tuff Torq, ZF Friedrichshafen.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Hydrostatic Transmission Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Hydrostatic Transmission Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Hydrostatic Transmission Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Hydrostatic Transmission Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Hydrostatic Transmission Market Size & Forecast, 2018-2028 4.5.1 Hydrostatic Transmission Market Size and Y-o-Y Growth 4.5.2 Hydrostatic Transmission Market Absolute $ Opportunity
Chapter 5 Global Hydrostatic Transmission Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Hydrostatic Transmission Market Size Forecast by Type
5.2.1 Light Duty
5.2.2 Medium Duty
5.2.3 Heavy Duty
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Hydrostatic Transmission Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Hydrostatic Transmission Market Size Forecast by Applications
6.2.1 Agriculture
6.2.2 Construction & Mining
6.2.3 Logistics & Transport
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Hydrostatic Transmission Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Hydrostatic Transmission Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Hydrostatic Transmission Analysis and Forecast
9.1 Introduction
9.2 North America Hydrostatic Transmission Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Hydrostatic Transmission Market Size Forecast by Type
9.6.1 Light Duty
9.6.2 Medium Duty
9.6.3 Heavy Duty
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Hydrostatic Transmission Market Size Forecast by Applications
9.10.1 Agriculture
9.10.2 Construction & Mining
9.10.3 Logistics & Transport
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Hydrostatic Transmission Analysis and Forecast
10.1 Introduction
10.2 Europe Hydrostatic Transmission Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Hydrostatic Transmission Market Size Forecast by Type
10.6.1 Light Duty
10.6.2 Medium Duty
10.6.3 Heavy Duty
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Hydrostatic Transmission Market Size Forecast by Applications
10.10.1 Agriculture
10.10.2 Construction & Mining
10.10.3 Logistics & Transport
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Hydrostatic Transmission Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Hydrostatic Transmission Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Hydrostatic Transmission Market Size Forecast by Type
11.6.1 Light Duty
11.6.2 Medium Duty
11.6.3 Heavy Duty
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Hydrostatic Transmission Market Size Forecast by Applications
11.10.1 Agriculture
11.10.2 Construction & Mining
11.10.3 Logistics & Transport
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Hydrostatic Transmission Analysis and Forecast
12.1 Introduction
12.2 Latin America Hydrostatic Transmission Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Hydrostatic Transmission Market Size Forecast by Type
12.6.1 Light Duty
12.6.2 Medium Duty
12.6.3 Heavy Duty
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Hydrostatic Transmission Market Size Forecast by Applications
12.10.1 Agriculture
12.10.2 Construction & Mining
12.10.3 Logistics & Transport
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Hydrostatic Transmission Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Hydrostatic Transmission Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Hydrostatic Transmission Market Size Forecast by Type
13.6.1 Light Duty
13.6.2 Medium Duty
13.6.3 Heavy Duty
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Hydrostatic Transmission Market Size Forecast by Applications
13.10.1 Agriculture
13.10.2 Construction & Mining
13.10.3 Logistics & Transport
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Hydrostatic Transmission Market: Competitive Dashboard
14.2 Global Hydrostatic Transmission Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Dana, Danfoss
14.3.2 Eaton
14.3.3 KANZAKI
14.3.4 Parker Hannifin
14.3.5 Bosch Rexroth
14.3.6 Carraro Drive Tech
14.3.7 Deere & Company
14.3.8 Doosan
14.3.9 GS Global Resources
14.3.10 ISEKI
14.3.11 Dana, Danfoss
14.3.12 Komatsu
14.3.13 The Linde Group
14.3.14 Oil-Air Products
14.3.15 OMSI
14.3.16 POCLAIN HYDRAULICS
14.3.17 Tuff Torq
14.3.18 ZF Friedrichshafen