Hydrostatic Transmission Market by End-user, Type, and Geography - Forecast and Analysis 2021-2025

The hydrostatic transmission market share is expected to increase by USD 1.7 billion from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 4.67%.

This hydrostatic transmission market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers hydrostatic transmission market segmentations by end-user (logistics and transportation industry, construction industry, agricultural industry, and others), type (heavy-duty hydrostatic transmission, medium-duty hydrostatic transmission, and light-duty hydrostatic transmission), and geography (APAC, North America, Europe, MEA, and South America). The hydrostatic transmission market report also offers information on several market vendors, including Carraro Group, Dana Inc., Danfoss AS, Deere and Co., Eaton Corp. Plc, GS Global Resources, Kanzaki Kokyukoki Mfg. Co. Ltd., Linde Hydraulics GmbH and Co. KG, Oil-Air Products LLC, and Parker Hannifin Corp. among others.

What will the Hydrostatic Transmission Market Size be During the Forecast Period?

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Hydrostatic Transmission Market: Key Drivers, Trends, and Challenges

The increasing demand for customized hydrostatic transmission is notably driving the hydrostatic transmission market growth, although factors such as high purchase and installation cost of hydrostatic transmission may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the hydrostatic transmission industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Hydrostatic Transmission Market Driver

The increasing demand for customized hydrostatic transmission is a major factor driving the global hydrostatic transmission market share growth. There is an increase in demand for customized hydrostatic transmissions in the construction, agriculture, mining, and logistics and transportation industries. The logistics and transportation, construction, and mining industries require customized hydrostatic transmissions with remote control operations for their heavy equipment. Therefore, vendors are providing custom-made hydrostatic transmissions to suit end-user requirements and gain a competitive edge. Applications of hydrostatic transmissions vary in terms of technological developments. In addition, there is a rising need for hydrostatic transmissions due to the elimination of shifting gears, and also, the use of the former enhances the control of machines and provides flexibility in maneuvering to operators. These factors have increased the adoption of customized for heavy-duty applications in machines such as articulated forklifts and heavy-duty harvesters. Therefore, the market will continue to grow significantly during the forecast period.

Key Hydrostatic Transmission Market Trend

The increasing adoption of mid-size heavy equipment with hydrostatic transmission is another factor supporting the global hydrostatic transmission market share growth. The roles of heavy equipment have increased, and the adoption rate of mid-sized heavy equipment is expected to improve in the future. This will positively impact the global hydrostatic transmission market. Wheel loaders, forklifts, and excavators are mostly used in the mining, construction, and logistics industries. Heavy-weight excavators and forklifts cannot be driven for long distances. In addition, these machines are difficult to repair due to their large moving parts. On the other hand, the latest mid-sized forklifts, excavators, and wheel loaders can be used for a wide variety of applications. This is driving the growth of the market. Modifications in design will create a big demand in applications of construction, mining, and logistics projects. The use of mid-sized heavy machinery reduces barriers such as slow response and rigid control and will provide a comfortable working environment with hydrostatic transmissions. The increasing sales of mid-sized heavy equipment in most of the geographies are boosting the growth of the global hydrostatic transmission market.

Key Hydrostatic Transmission Market Challenge

The high purchase and installation cost of hydrostatic transmission will be a major challenge for the global hydrostatic transmission market share growth. Hydrostatic transmission systems involve the use of pumps, motors, sensors, software, and advanced technologies. Their prices are considerably high and require a large initial one-time payment during its installation. The initial cost of hydrostatic transmission is high, but the return on investments (ROI) is stronger than the PSTs. Additional costs include investments in trailers and docks trailers, articulated forklifts, loaders, and docks, along with modification expenses. These costs appreciate depending on the customization and other operational requirements based on the industry. Only a few companies, which derive significant cost benefits from implementing hydrostatic transmissions in their heavy equipment and other monitoring solutions, can afford this high investment. However, certain companies with closed-loop systems and the ones that require heavy-duty hydrostatic transmissions, especially in construction, agriculture, and mining industries, invest in these systems. Heavy equipment and machinery require heavy-duty hydrostatic transmissions for smooth operations, especially in the case of industries with high-volume loading and unloading operational requirements. Small- and medium-sized enterprises find it difficult to invest in hydrostatic transmission systems due to inadequate cash flow, thereby hampering the growth of the market.

This hydrostatic transmission market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Parent Market Analysis

Technavio categorizes the global hydrostatic transmission market as a part of the global industrial machinery market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the hydrostatic transmission market during the forecast period.

Who are the Major Hydrostatic Transmission Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

• Carraro Group
• Dana Inc.
• Danfoss AS
• Deere and Co.
• Eaton Corp. Plc
• GS Global Resources
• Kanzaki Kokyukoki Mfg. Co. Ltd.
• Linde Hydraulics GmbH and Co. KG
• Oil-Air Products LLC
• Parker Hannifin Corp.

This statistical study of the hydrostatic transmission market encompasses successful business strategies deployed by the key vendors. The hydrostatic transmission market is fragmented and the vendors are deploying growth strategies such as emphasizing on increasing production capacities for various vehicle manufacturers, gaining contracts for services from end-user industries, and upgrading the existing technology to compete in the market.

Product Insights and News

• Carraro Group- The company offers renewed and complete range of Drivelines for Telescopic Handlers, which includes additional axle variants and a series of new transmission models, both for hydrostatic and torque converter machines.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The hydrostatic transmission market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Hydrostatic Transmission Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the hydrostatic transmission market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of global industrial machinery market includes the following core components:

• Inputs
• Inbound logistics
• Operations
• Outbound logistics
• Marketing and sales
• Service
• Support activities
• Innovation

The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

Which are the Key Regions for Hydrostatic Transmission Market?

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42% of the market's growth will originate from APAC during the forecast period. China and Japan are the key markets for hydrostatic transmission market in APAC. Market growth in this region will be faster than the growth of the market in all other regions.

The construction of cross-country highway projects, such as the Silk Road project to connect European markets with that of China in APAC, is helping the construction industry grow in the region and will facilitate the hydrostatic transmission market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating End-user Segments in the Hydrostatic Transmission Market?

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The hydrostatic transmission market share growth by the logistics and transportation industry segment will be significant during the forecast period. The global hydrostatic transmission market by the logistics and transportation industry is exhibiting an exponentially steady growth rate. The increase in the bulk handling of materials with heavy equipment using hydrostatic transmissions in trade will increase demand enabling the industry to increase productivity, which in turn will drive the growth of the global hydrostatic transmission market.

This report provides an accurate prediction of the contribution of all the segments to the growth of the hydrostatic transmission market size and actionable market insights on post COVID-19 impact on each segment.

 

Hydrostatic Transmission Market Scope
Report Coverage	Details
Page number	120
Base year	2020
Forecast period	2021-2025
Growth momentum & CAGR	Accelerate at a CAGR of 4.67%
Market growth 2021-2025	$ 1.7 billion
Market structure	Fragmented
YoY growth (%)	2.54
Regional analysis	APAC, North America, Europe, MEA, and South America
Performing market contribution	APAC at 42%
Key consumer countries	US, China, Germany, UK, and Japan
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	Carraro Group, Dana Inc., Danfoss AS, Deere and Co., Eaton Corp. Plc, GS Global Resources, Kanzaki Kokyukoki Mfg. Co. Ltd., Linde Hydraulics GmbH and Co. KG, Oil-Air Products LLC, and Parker Hannifin Corp.
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Hydrostatic Transmission Market Report?

• CAGR of the market during the forecast period 2021-2025
• Detailed information on factors that will drive hydrostatic transmission market growth during the next five years
• Precise estimation of the hydrostatic transmission market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the hydrostatic transmission industry across APAC, North America, Europe, MEA, and South America
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of hydrostatic transmission market vendors

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