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Global Hydrostatic Transmission Market: By Capacity Type: Light Duty, Medium Duty, Heavy Duty; By Operation: VDM-CDP, VDP-CDM, VDM-VDP; By End Use: Transportation, Construction, Mining, Others; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics; Competitive Landscape; Industry Events and Developments
Global Hydrostatic Transmission Market Outlook
The global hydrostatic transmission market is expected to grow at a CAGR of 4.8% in the forecast period of 2023-2028.
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The Asia Pacific to Hold a Significant Market Share in the Hydrostatic Transmission Industry
The Asia Pacific is projected to hold a significant share in the global market for hydrostatic transmission, with substantial growth in the region over the forecast period owing to the booming construction and mining industries in the region. Countries like China and India in the Asia Pacific regions have invested considerably in the construction of new and improved roads and infrastructure, requiring advanced heavy machinery and equipment. This has significantly boosted the growth of the market for hydrostatic transmission. Other regions like North America, Latin America, and Europe are also expected to witness significant growth in the coming years.
Hydrostatic Transmission: Market Segmentation
Hydrostatic transmission is a fluid driven transmission system used in low-speed conditions for producing high torque. The hydrostatic transmission mechanism transforms mechanical energy by incompressible fluid in pressure energy, which at the output shaft is also transformed into mechanical energy. In general, the hydrostatic transmission system is used in vehicles for industrial purposes, such as ground-moving equipment, forklifts, and loaders.
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The capacity type of hydrostatic transmission can be divided as follows:
- Light Duty
- Medium Duty
- Heavy Duty
By operation, the market can be categorised as follows:
- VDM-CDP
- VDP-CDM
- VDM-VDP
Hydrostatic transmission finds its end-uses in the following sectors:
- Transportation
- Construction
- Mining
- Agriculture
- Others
The regional markets for hydrostatic transmission can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Rising Demand from the End-Use Industries to Bolster the Market Growth of Hydrostatic Transmission
The rapid growth of various industries like construction, transportation, and agricultural sectors is among the primary factors driving the market growth. The product finds extensive applications in power generation systems, such as wind turbine generators, engine generators, railway vehicles, and ships, among others. The mining sector is also projected to expand at a significant rate of growth during the forecast period to meet the demand for metals and mineral products, which is an important requirement for the manufacturing industry. Moreover, the economic growth of the regions is leading to the increased investments in the defence sector, which uses hydrostatic transmission, further driving the global market. These factors are expected to propel the growth of the hydrostatic transmission industry in the coming years.
Key Industry Players in the Global Hydrostatic Transmission Market
The report gives a detailed analysis of the following key players in the global hydrostatic transmission market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Parker Hannifin Corp
- Dana Incorporated
- Eaton Corporation plc
- Komatsu America Corp.
- Kawasaki Heavy Industries, Ltd.
- Tuff Torq Corporation
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Capacity Type, Operation, End Use, Region |
| Breakup by Capacity Type | Light Duty, Medium Duty, Heavy Duty |
| Breakup by Operation | VDM-CDP, VDP-CDM, VDM-VDP |
| Breakup by End Use | Transportation, Construction, Mining, Agriculture, Others |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Parker Hannifin Corp, Dana Incorporated, Eaton Corporation plc, Komatsu America Corp., Kawasaki Heavy Industries, Ltd., Tuff Torq Corporation, Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Hydrostatic Transmission Market Analysis
8.1 Key Industry Highlights
8.2 Global Hydrostatic Transmission Historical Market (2018-2022)
8.3 Global Hydrostatic Transmission Market Forecast (2023-2028)
8.4 Global Hydrostatic Transmission Market by Capacity Type
8.4.1 Light Duty
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Medium Duty
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.3 Heavy Duty
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2022)
8.4.3.3 Forecast Trend (2023-2028)
8.5 Global Hydrostatic Transmission Market by Operation
8.5.1 VDM-CDP
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 VDP-CDM
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 VDM-VDP
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2022)
8.5.3.3 Forecast Trend (2023-2028)
8.6 Global Hydrostatic Transmission Market by End Use
8.6.1 Transportation
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Construction
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.6.3 Mining
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2022)
8.6.3.3 Forecast Trend (2023-2028)
8.6.4 Agriculture
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2018-2022)
8.6.4.3 Forecast Trend (2023-2028)
8.6.5 Others
8.7 Global Hydrostatic Transmission Market by Region
8.7.1 North America
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2018-2022)
8.7.1.3 Forecast Trend (2023-2028)
8.7.2 Europe
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2018-2022)
8.7.2.3 Forecast Trend (2023-2028)
8.7.3 Asia Pacific
8.7.3.1 Market Share
8.7.3.2 Historical Trend (2018-2022)
8.7.3.3 Forecast Trend (2023-2028)
8.7.4 Latin America
8.7.4.1 Market Share
8.7.4.2 Historical Trend (2018-2022)
8.7.4.3 Forecast Trend (2023-2028)
8.7.5 Middle East and Africa
8.7.5.1 Market Share
8.7.5.2 Historical Trend (2018-2022)
8.7.5.3 Forecast Trend (2023-2028)
9 North America Hydrostatic Transmission Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2022)
9.1.3 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2022)
9.2.3 Forecast Trend (2023-2028)
10 Europe Hydrostatic Transmission Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2022)
10.1.3 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2022)
10.2.3 Forecast Trend (2023-2028)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2022)
10.3.3 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2022)
10.4.3 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Hydrostatic Transmission Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2022)
11.1.3 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2022)
11.2.3 Forecast Trend (2023-2028)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2022)
11.3.3 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2022)
11.4.3 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2022)
11.5.3 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Hydrostatic Transmission Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2022)
12.1.3 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2022)
12.2.3 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2022)
12.3.3 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Hydrostatic Transmission Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2022)
13.1.3 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2022)
13.2.3 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2022)
13.3.3 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2022)
13.4.3 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Parker Hannifin Corp
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Dana Incorporated
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Eaton Corporation plc
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Komatsu America Corp.
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Kawasaki Heavy Industries, Ltd.
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Tuff Torq Corporation
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Hydrostatic Transmission Market: Key Industry Highlights, 2018 and 2028
2. Global Hydrostatic Transmission Historical Market: Breakup by Capacity Type (USD Billion), 2018-2022
3. Global Hydrostatic Transmission Market Forecast: Breakup by Capacity Type (USD Billion), 2023-2028
4. Global Hydrostatic Transmission Historical Market: Breakup by Operation (USD Billion), 2018-2022
5. Global Hydrostatic Transmission Market Forecast: Breakup by Operation (USD Billion), 2023-2028
6. Global Hydrostatic Transmission Historical Market: Breakup by End Use (USD Billion), 2018-2022
7. Global Hydrostatic Transmission Market Forecast: Breakup by End Use (USD Billion), 2023-2028
8. Global Hydrostatic Transmission Historical Market: Breakup by Region (USD Billion), 2018-2022
9. Global Hydrostatic Transmission Market Forecast: Breakup by Region (USD Billion), 2023-2028
10. North America Hydrostatic Transmission Historical Market: Breakup by Country (USD Billion), 2018-2022
11. North America Hydrostatic Transmission Market Forecast: Breakup by Country (USD Billion), 2023-2028
12. Europe Hydrostatic Transmission Historical Market: Breakup by Country (USD Billion), 2018-2022
13. Europe Hydrostatic Transmission Market Forecast: Breakup by Country (USD Billion), 2023-2028
14. Asia Pacific Hydrostatic Transmission Historical Market: Breakup by Country (USD Billion), 2018-2022
15. Asia Pacific Hydrostatic Transmission Market Forecast: Breakup by Country (USD Billion), 2023-2028
16. Latin America Hydrostatic Transmission Historical Market: Breakup by Country (USD Billion), 2018-2022
17. Latin America Hydrostatic Transmission Market Forecast: Breakup by Country (USD Billion), 2023-2028
18. Middle East and Africa Hydrostatic Transmission Historical Market: Breakup by Country (USD Billion), 2018-2022
19. Middle East and Africa Hydrostatic Transmission Market Forecast: Breakup by Country (USD Billion), 2023-2028
20. Global Hydrostatic Transmission Market Structure
Key Questions Answered in the Report
The global hydrostatic transmission market is projected to grow at a CAGR of 4.8% between 2021 and 2026.
The market growth is being driven by factors like rising construction, transportation, mining, and agricultural sectors, rising investments into the construction sector, rapid urbanisations, and growing industrialisation.
The growing economies and increased investment in the defence sector are the key industry trends boosting the market growth.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The leading capacity types of hydrostatic transmission in the market are light duty, medium duty, and heavy duty.
The major operations of hydrostatic transmission in the industry are VDM-CDP, VDP-CDM, and VDM-VDP.
The significant end-use sectors in the market are transportation, construction, mining, and agriculture, among others.
The major players in the industry are Parker Hannifin Corp, Dana Incorporated, Eaton Corporation plc, Komatsu America Corp., Kawasaki Heavy Industries, Ltd., and Tuff Torq Corporation, among others.
Analyst Review
The global hydrostatic transmission market is being driven by the growing demand from the construction. Aided by the growing demand from the defence sector, the market is expected to witness a healthy growth in the forecast period of 2023-2028, growing at a CAGR of 4.8%.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on capacity type, the market is divided into light duty, medium duty, and heavy duty. On the basis of operation, the industry is segmented into VDM-CDP, VDP-CDM, and VDM-VDP. By end use, the market is categorised into transportation, construction, mining, and agriculture, among others. The major regional markets for hydrostatic transmission are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Parker Hannifin Corp, Dana Incorporated, Eaton Corporation plc, Komatsu America Corp., Kawasaki Heavy Industries, Ltd., and Tuff Torq Corporation, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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