According to Stratistics MRC, the Global Automotive Hydrostatic Fan Drive System Market is accounted for $153.61 million in 2020 and is expected to reach $301.62 million by 2028 growing at a CAGR of 8.8% during the forecast period. Government initiatives across the world to reduce carbon emissions, growing demand for hydrostatic fans and advancements in engine manufacturing are driving the market growth. However, high initial capital and maintenance costs required are hampering the growth of the market.
Automotive hydrostatic fan drive system is an essential component employed in the automobile that assists with control units, sensors and lubrication. The primary aim of a fan drive system is to get rid of excess heat and regulate temperature in the vehicle when the engine heats up.
Based on the vehicle type, the off-road vehicles segment is going to have lucrative growth during the forecast period owing to the stringent emission regulations and norms for off-highway vehicles which led to a requirement for effective cooling systems which in turn drive the growth of this segment. By geography, Asia Pacific is going to have high growth during the forecast period due to the rise in demand for agricultural tractors and construction equipment due to agricultural advancements in developing nations like India and China.
Some of the key players profiled in the Automotive Hydrostatic Fan Drive System Market include Avid Impex, Axiomatic Technologies, Bondioli & Pavesi, Bosch Rexroth AG, Bucher Hydraulics, Casappa, Concentric AB, Danfoss, Eaton, Enovation Controls, Hawe Hydraulik, Hydac International, Hydraforce Hydraulics, Hydrosila Group and JTEKT Corporation.
Components Covered:
- Electronic Control Unit (ECU)
- Fixed Gear/Hydraulic Motor
- Hydraulic Valves & Sensors
- Oil Cooler
- Variable Axial Piston/Hydraulic Pump
Pump Types Covered:
- Fixed Displacement Pump
- Variable Displacement Pump
Vehicle Types Covered:
- On-Road Vehicles
- Off-Road Vehicles
- Metros
- Train
- Trams
Regions Covered:
- North America
- ·US
- ·Canada
- ·Mexico
- Europe
- ·Germany
- ·UK
- ·Italy
- ·France
- ·Spain
- ·Rest of Europe
- Asia Pacific
- ·Japan
- ·China
- ·India
- ·Australia
- ·New Zealand
- ·South Korea
- ·Rest of Asia Pacific
- South America
- ·Argentina
- ·Brazil
- ·Chile
- ·Rest of South America
- Middle East & Africa
- ·Saudi Arabia
- ·UAE
- ·Qatar
- ·South Africa
- ·Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019, 2020, 2024 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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- Regional Segmentation
- ·Market estimations, Forecasts and CAGR of any prominent country as per the client’s interest (Note: Depends on feasibility check)
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