According to the 2017 hydrostatic transmission market report, one of the major drivers for this market is increasing demand for customized hydrostatic transmission. There is an increase in demand for customized hydrostatic transmissions in construction, agricultural, 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. —
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Hydrostatic transmission market analyst says the latest trend gaining momentum in the market is increasing adoption of mid-size heavy equipment with hydrostatic transmission. Heavy equipment such as excavators, wheel loaders, fork lifts, and tractors, under the category of 35–50-ton division, is constantly being upgraded with changing market forces and technologies. 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.”
The following companies as the key players in the global hydrostatic transmission market: Dana, Danfoss, Eaton, KANZAKI, and Parker Hannifin. Other prominent vendors in the market are: Bosch Rexroth, Carraro Drive Tech, Deere & Company, Doosan, GS Global Resources, ISEKI, Kawasaki Heavy Industries, Komatsu, The Linde Group, Oil-Air Products, OMSI, POCLAIN HYDRAULICS, Tuff Torq, and ZF Friedrichshafen.
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Further, the report states that one of the major factors hindering the growth of this market is Excessive cost of buying and installation of hydrostatic transmission. 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 of 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.
The hydrostatic transmission market study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key industry trends?
What is driving this market?
What are the challenges to industry growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
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Release ID: 216046