The automotive hydrostatic fan drive system market is projected to grow at a CAGR of 6.80% during the forecast period, from USD 144.8 Million in 2018 to USD 229.6 Million by 2025.
The growing demand for an independent, compact, and silent engine cooling system for off-highway vehicles is expected to drive the automotive hydrostatic fan drive system market. The market growth can also be attributed to the increasing stringency of emission regulations, which have accentuated the demand for a fuel-efficient engine cooling system.
Construction equipment is estimated to be the largest segment in the automotive hydrostatic fan drive system market
Construction equipment is estimated to be the largest segment of the automotive hydrostatic fan drive system market during the forecast period. The growing infrastructural developments in developing countries such as China and India are expected to drive the growth of the automotive hydrostatic fan drive system market in the construction equipment segment. Additionally, the high penetration of hydrostatic fan drive system in construction equipment is contributing to the market share of this segment.
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Variable Displacement Pump is estimated to be the fastest-growing segment of the automotive hydrostatic fan drive system market
The variable displacement pump is estimated to be the fastest growing market during the forecast period. The variable displacement pump is more efficient in controlling the hydraulic flow as per the requirement of the hydraulic motor (fan) speed. However, the variable displacement pump is comparatively expensive. Due to the economies of scale, it is expected to get cheaper and find application in most of the systems.
Asia Pacific: Largest regional market for Automotive Hydrostatic Fan Drive System
The Asia Pacific is estimated to be the largest market for automotive hydrostatic fan drive system. The Asia Pacific region accounts for about 50% of the global automobile production. The region comprises emerging economies such as China and India along with developed nations such as Japan and South Korea. The growing infrastructural developments in developing countries such as China and India and the increasingly stringent emission regulations are the key factors driving the growth of automotive hydrostatic fan drive system market in the Asia Pacific region.
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Key Market Players
The report covers all the major players in the automotive hydrostatic fan drive system market, including established players such as Eaton (Ireland), Parker Hannifin (US), JTEKT (Japan), Bosch (Germany), and Danfoss (Denmark). The report also comprises a few other players such as Concentric (Sweden), Bucher Hydraulics (Germany), Hawe Hydraulik (Germany), Walvoil (Italy), Bondioli & Pavesi (Italy), Enovation Controls (US), Hydac International (Germany), Casappa (Italy), Hydrosila Group (Ukraine), Axiomatic Technologies (Canada), Avid Impex (India), Quality Hydraulics & Pneumatics (US), and Hydraforce Hydraulics (US).
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