Hydrostatic Transmission Market| COVID-19 Analysis

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Hydrostatic transmission is a transmission system where power from the prime mover is delivered to the output unit through pressurized fluid rather than the conventional chain or belt mechanisms. Due to the absence of traditional “gears”, the transmission can be made extremely precise at any speed, which is a major benefit in industrial end uses.

Competitive Analysis:

In June 2019, John Deere unveiled a new 850 size class bulldozer with 10% more horsepower and 23% more torque than its predecessor. The bulldozer uses a hydrostatic transmission system.

Segmentation:

The global hydrostatic transmission market is segmented on the basis of capacity, operation type, application, and region.

By capacity, the global hydrostatic transmission market is segmented into light duty, medium duty, and heavy duty.

By operation type, the global hydrostatic transmission market is segmented into variable displacement motor-constant displacement pump, variable displacement pump-constant displacement motor, and variable displacement motor-variable displacement pump.

By application, the global hydrostatic transmission market is segmented into agriculture, construction and mining, logistics and transportation, and others.

Regional Analysis:

Asia Pacific is likely to hold the largest share in the global hydrostatic transmission market over the forecast period due to the growing demand from the construction and mining industries in the region. The mining sector in Asia Pacific countries such as China, India, and Australia accounts for a significant part of the country’s economy and is likely to grow in the coming years due to the growing demand for precious metals, other metals, and other minerals in the region. The growing demand for metals such as copper and iron in the rapidly growing economy of China is also a major driver for the mining sector in Asia Pacific, thus driving the hydrostatic transmission market in the region.

North America and Europe follow Asia Pacific and are likely to remain key players in the global hydrostatic transmission market over the forecast period due to the presence of several leading market players in these regions and the growing demand for hydrostatic transmission systems from the construction industry.