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 market for automotive hydrostatic fan drive systems is anticipated to be driven by the rising demand for an independent, small, and silent engine cooling system for off-highway vehicles. The tightening of pollution standards, which has increased demand for a fuel-efficient engine cooling system, is another factor contributing to the market expansion.
Construction equipment is estimated to be the largest segment in the automotive hydrostatic fan drive system market
During the anticipated period, the automotive hydrostatic fan drive system market is anticipated to be dominated by construction equipment. The construction equipment segment’s automotive hydrostatic fan drive system market is anticipated to rise as a result of the expanding infrastructure expansions in emerging nations like China and India. This segment’s market share is further influenced by the widespread use of hydrostatic fan drive systems in construction equipment.
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Variable Displacement Pump is estimated to be the fastest-growing segment of the automotive hydrostatic fan drive system market
According to estimates, the market for variable displacement pumps will expand at the fastest rate throughout the prediction period. The hydraulic flow can be more effectively controlled by the variable displacement pump depending on the needs of the hydraulic motor (fan) speed. The variable displacement pump, however, is relatively expensive. It is anticipated to become less expensive and be used in most systems due to economies of scale.
Asia Pacific: Largest regional market for Automotive Hydrostatic Fan Drive System
According to estimates, the largest market for automobile hydrostatic fan drive systems is in Asia Pacific. About 50% of the world’s autos are produced in the Asia-Pacific area. The region includes both industrialized countries like Japan and South Korea and growing economies like China and India. The primary factors propelling the growth of the automotive hydrostatic fan drive system market in the Asia Pacific region are the expanding infrastructure expansions in developing nations like China and India and the more rigorous emission standards.
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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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