About Hydrostatic Transmission
A Hydrostatic Transmission is a device or a transmitter by which one can transmit torque through pressure from the fluid that flows between the pump and the motor. This type of transmission is required in order to simplify the movements of heavy machinery with massive power demand and without high velocity. The device is majorly used in combination with heavy-duty machines, land-moving equipment which includes forklift, combines, excavators, and tractors. Subsequently, the hydrostatic transmission is having a high fuel efficiency over gear shift transmission, hence is preferred to be used for load moving and carrying vehicles.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 4.71% |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that Global Manufacturers will contribute the maximum growth to Global Hydrostatic Transmission market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Eaton Corporation Plc. (Dublin), Parker Hannifin Corporation (United States), Kanzaki Kokyukoki Mfg. Co., Ltd (Japan), Dana Incorporated (United States), Danfoss A/S (Denmark), CARRARO Group (Italy), Kawasaki Heavy Industries, Ltd. (Japan), Poclain Hydraulics (China), Robert Bosch GmbH (Germany) and Linde Hydraulics GmbH & Co. KG (Germany) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Hydrostatic Transmission market by Type (Light Duty, Medium Duty and Heavy Duty), Application (Agriculture, Construction & Mining, Logistics & Transport and Others) and Region.
On the basis of geography, the market of Hydrostatic Transmission has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Operation Type, the sub-segment i.e. VDM-CDP will boost the Hydrostatic Transmission market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Adoption of Mid-Size Heavy Equipment with Hydrostatic Transmission and Rising Advancements in Agriculture and Farming Equipment’s In Developing Nations
Market Growth Drivers:
Increasing Demand for Customized Hydrostatic Transmission, Rising Of Mining and Other Industries and Increasing Infrastructure Projects In All Over the World
Challenges:
Issue Related to the Malfunctioning of These Transmissions Devices
Restraints:
Excessive Cost of Buying and Installation of Hydrostatic Transmission
Opportunities:
Growing Need for Remote Control and Real-Time Monitoring Of Mobile or Stationary Machines
Market Leaders and their expansionary development strategies
In September 2020, Hydro One completed acquisition of Orillia Power Distribution Corporation. This acquisition is instrumental in job creation and will bring tremendous growth and new investment to the City of Orillia, a win-win-win for the community, the local business sector and industry in our area."
In January 2023, Dana Incorporated launched a hydrostatic driveline for telehandlers in North America. The system's modular architecture enables customers to easily transition to a hydrogen or battery-electric vehicle design.Developed for telehandler applications lifting up to 12,000 pounds, Dana's new driveline comes equipped with a compact Spicer® 312 dropbox for high-power hydrostatic motors. This new hydrostatic dropbox functions as a continuously variable transmission without torque interruption and delivers enhanced performance with precise movements at low speeds, reduced fuel consumption, and an integrated spring applied hydraulic release parking brake.
Key Target Audience
Hydrostatic Transmission Manufactures, Hydrostatic Transmission Distributors, Potential Investors, Government Bodies and Associations, Up and Down Stream Vendors, Private Research Organizations, Suppliers and Distributors and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.