automotive-hydrostatic-fan-drive-system-market-imarc

The latest research study “Automotive Hydrostatic Fan Drive System Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the global automotive hydrostatic fan drive system market size reached US$ 363.66 Million in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 513.24 Million by 2027 exhibiting a CAGR of 5.80% during 2022-2027.

Covid-19 Impact: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

An automotive hydrostatic fan drive system is an essential component of an engine cooling technique integrated into a vehicle that assists with sensors, lubrication, and controls. It maintains the optimal operating temperature of the motor when it gets heated by reducing the noise and warmth generated by engines. Automotive hydrostatic fan drives with electronically controlled systems that offer precise control while reducing the speed during periods of low cooling demand. As a result, it enables commercial vehicles, mobile equipment, and coaches to meet the strict guidelines concerning emissions and noise and finds widespread applications across various sectors, such as agriculture, transportation, and construction.

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Automotive Hydrostatic Fan Drive System Market Trends and Drivers: 

The escalating demand for fuel-efficient, noiseless, and independently operating engine cooling techniques in off-highway vehicles is primarily driving the automotive hydrostatic fan drive system market.

Besides this, the rising technological advancements in motor manufacturing, the elevating focus on sustainable development, and the reduction in carbon dioxide (CO2) emissions are further augmenting the market growth. Moreover, the increasing need for automotive hydrostatic fan drive systems in construction equipment is also catalyzing the global market.

 Apart from this, the emerging trend of hybrid engines, inflating disposable income levels of the consumers, and the growing popularity of electric vehicles (EV) are anticipated to propel the automotive hydrostatic fan drive system market over the forecasted period.   

Automotive Hydrostatic Fan Drive System Market Report Scope
Report CoverageDetails
Market size value in 2021US$ 363.66 Million
Market forecast in 2027US$ 513.24 Million
Growth RateCAGR of 5.80% from 2022 to 2027
Base year for estimation2021
Historical data2016-2021
Forecast period2022-2027
Report coverageRevenue forecast, company ranking, competitive landscape, growth factors, and trends
Segments coveredComponent, Pump Type and Vehicle Type.
Regional scopeNorth America, Europe, Asia-Pacific, Latin America, Middle East and Africa
Key companies profiledAxiomatic Technologies Corporation, Bondioli & Pavesi S.p.A., Bosch Rexroth Aktiengesellschaft (Robert Bosch GmbH), Bucher Hydraulics (Bucher Industries AG), Casappa S.p.A., Concentric AB, Danfoss, JTEKT Corporation (Toyota Group), Parker Hannifin Corporation, Quality Hydraulics & Pneumatics Inc. and Walvoil S.p.A (Interpump Group S.p.A).
Market DynamicsParent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,
Customization purviewIf our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Click here to view detailed information with table of content: https://www.imarcgroup.com/automotive-hydrostatic-fan-drive-system-market

Report Segmentation:

The report has been segmented the market into following categories:

Breakup by Component:

  • Variable Axial Piston Pump
  • Fixed Gear Motor
  • Engine Control Unit
  • Oil Cooler
  • Hydraulic Values and Sensors 

Breakup by Pump Type:

  • Fixed Displacement Pump
  • Variable Displacement Pump 

Breakup by Vehicle Type:

  • On-Road Vehicles
    • Bus
    • Truck
  • Off-Road Vehicles
    • Construction and Mining
    • Agricultural
  • Train, Metro and Trams

By Geography:

  • North America (United States, Canada)
  • Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa

List of Major Key Players:

The major players in the market are

  • Axiomatic Technologies Corporation
  • Bondioli & Pavesi S.p.A.
  • Bosch Rexroth Aktiengesellschaft (Robert Bosch GmbH)
  • Bucher Hydraulics (Bucher Industries AG)
  • Casappa S.p.A.
  • Concentric AB
  • Danfoss
  • JTEKT Corporation (Toyota Group)
  • Parker Hannifin Corporation
  • Quality Hydraulics & Pneumatics Inc.
  • Walvoil S.p.A (Interpump Group S.p.A).

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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