Automotive Hydrostatic Fan Drive System Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Market Overview:
The global automotive hydrostatic fan drive system market size reached US$ 385.1 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 528.0 Million by 2028, exhibiting a growth rate (CAGR) of 5.1% during 2023-2028.
An automotive hydrostatic fan drive system is a critical component of an engine cooling system integrated into a vehicle that assists with lubrication, sensors, and controls. A combustion engine's hydrostatic fan drive system maintains the optimal operating temperature of the engine when it gets heated up. By reducing the noise and heat generated by engines, regardless of the speed, it lowers the noise and heat generated by combustion engines. Hydraulic fan drives with temperature-activated and electronically controlled systems offer precise control while reducing the fan speed during periods of low cooling demand. As a result, it enables mobile equipment, commercial vehicles, and coaches to meet the strict guidelines concerning emissions and noise. It finds applications in a wide range of industries, including agriculture, transportation and construction.
Automotive Hydrostatic Fan Drive System Market Trends:
The market is primarily driven by the rising demand for low-emission vehicles across the globe. This can be attributed to the increasing preference for fuel-efficient, noiseless and independently operating engine cooling systems in off-highway vehicles. In addition to this, continual technological advancements in automotive engine manufacturing, along with an enhanced focus on sustainable development and reducing carbon dioxide (CO2) emissions, are also creating lucrative growth opportunities. The market is further driven by the stringent regulatory norms regarding vehicle emissions undertaken by the governments of several countries. Moreover, the rapid utilization of hydrostatic fan drive systems in construction equipment is also creating a positive outlook for the market. Some of the other factors that are contributing to the market growth include the growing adoption of hybrid engines, inflating disposable income levels of the consumers, the advent of electric vehicles (EV) and extensive research and development (R&D) activities.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global automotive hydrostatic fan drive system market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on component, pump type and vehicle type.
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
Breakup by Region:
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
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being 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. and Walvoil S.p.A (Interpump Group S.p.A).
Key Questions Answered in This Report
1. How big is the global automotive hydrostatic fan drive system market?
2. What is the expected growth rate of the global automotive hydrostatic fan drive system market during 2023-2028?
3. What are the key factors driving the global automotive hydrostatic fan drive system market?
4. What has been the impact of COVID-19 on the global automotive hydrostatic fan drive system market?
5. What is the breakup of the global automotive hydrostatic fan drive system market based on the component?
6. What is the breakup of the global automotive hydrostatic fan drive system market based on the vehicle type?
7. What are the key regions in the global automotive hydrostatic fan drive system market?
8. Who are the key players/companies in the global automotive hydrostatic fan drive system market?
- 1 Preface
- 2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
- 3 Executive Summary
- 4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
- 5 Global Automotive Hydrostatic Fan Drive System Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
- 6 Market Breakup by Component
- 6.1 Variable Axial Piston Pump
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Fixed Gear Motor
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Engine Control Unit
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
- 6.4 Oil Cooler
- 6.4.1 Market Trends
- 6.4.2 Market Forecast
- 6.5 Hydraulic Values and Sensors
- 6.5.1 Market Trends
- 6.5.2 Market Forecast
- 7 Market Breakup by Pump Type
- 7.1 Fixed Displacement Pump
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Variable Displacement Pump
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 8 Market Breakup by Vehicle Type
- 8.1 On-Road Vehicles
- 8.1.1 Market Trends
- 8.1.2 Key Segments
- 8.1.2.1 Bus
- 8.1.2.2 Truck
- 8.1.3 Market Forecast
- 8.2 Off-Road Vehicles
- 8.2.1 Market Trends
- 8.2.2 Key Segments
- 8.2.2.1 Construction and Mining
- 8.2.2.2 Agricultural
- 8.2.3 Market Forecast
- 8.3 Train, Metro and Trams
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
- 9 Market Breakup by Region
- 9.1 North America
- 9.1.1 United States
- 9.1.1.1 Market Trends
- 9.1.1.2 Market Forecast
- 9.1.2 Canada
- 9.1.2.1 Market Trends
- 9.1.2.2 Market Forecast
- 9.2 Asia-Pacific
- 9.2.1 China
- 9.2.1.1 Market Trends
- 9.2.1.2 Market Forecast
- 9.2.2 Japan
- 9.2.2.1 Market Trends
- 9.2.2.2 Market Forecast
- 9.2.3 India
- 9.2.3.1 Market Trends
- 9.2.3.2 Market Forecast
- 9.2.4 South Korea
- 9.2.4.1 Market Trends
- 9.2.4.2 Market Forecast
- 9.2.5 Australia
- 9.2.5.1 Market Trends
- 9.2.5.2 Market Forecast
- 9.2.6 Indonesia
- 9.2.6.1 Market Trends
- 9.2.6.2 Market Forecast
- 9.2.7 Others
- 9.2.7.1 Market Trends
- 9.2.7.2 Market Forecast
- 9.3 Europe
- 9.3.1 Germany
- 9.3.1.1 Market Trends
- 9.3.1.2 Market Forecast
- 9.3.2 France
- 9.3.2.1 Market Trends
- 9.3.2.2 Market Forecast
- 9.3.3 United Kingdom
- 9.3.3.1 Market Trends
- 9.3.3.2 Market Forecast
- 9.3.4 Italy
- 9.3.4.1 Market Trends
- 9.3.4.2 Market Forecast
- 9.3.5 Spain
- 9.3.5.1 Market Trends
- 9.3.5.2 Market Forecast
- 9.3.6 Russia
- 9.3.6.1 Market Trends
- 9.3.6.2 Market Forecast
- 9.3.7 Others
- 9.3.7.1 Market Trends
- 9.3.7.2 Market Forecast
- 9.4 Latin America
- 9.4.1 Brazil
- 9.4.1.1 Market Trends
- 9.4.1.2 Market Forecast
- 9.4.2 Mexico
- 9.4.2.1 Market Trends
- 9.4.2.2 Market Forecast
- 9.4.3 Others
- 9.4.3.1 Market Trends
- 9.4.3.2 Market Forecast
- 9.5 Middle East and Africa
- 9.5.1 Market Trends
- 9.5.2 Market Breakup by Country
- 9.5.3 Market Forecast
- 10 SWOT Analysis
- 10.1 Overview
- 10.2 Strengths
- 10.3 Weaknesses
- 10.4 Opportunities
- 10.5 Threats
- 11 Value Chain Analysis
- 12 Porters Five Forces Analysis
- 12.1 Overview
- 12.2 Bargaining Power of Buyers
- 12.3 Bargaining Power of Suppliers
- 12.4 Degree of Competition
- 12.5 Threat of New Entrants
- 12.6 Threat of Substitutes
- 13 Price Analysis
- 14 Competitive Landscape
- 14.1 Market Structure
- 14.2 Key Players
- 14.3 Profiles of Key Players
- 14.3.1 Axiomatic Technologies Corporation
- 14.3.1.1 Company Overview
- 14.3.1.2 Product Portfolio
- 14.3.2 Bondioli & Pavesi S.p.A.
- 14.3.2.1 Company Overview
- 14.3.2.2 Product Portfolio
- 14.3.3 Bosch Rexroth Aktiengesellschaft (Robert Bosch GmbH)
- 14.3.3.1 Company Overview
- 14.3.3.2 Product Portfolio
- 14.3.3.3 SWOT Analysis
- 14.3.4 Bucher Hydraulics (Bucher Industries AG)
- 14.3.4.1 Company Overview
- 14.3.4.2 Product Portfolio
- 14.3.5 Casappa S.p.A.
- 14.3.5.1 Company Overview
- 14.3.5.2 Product Portfolio
- 14.3.6 Concentric AB
- 14.3.6.1 Company Overview
- 14.3.6.2 Product Portfolio
- 14.3.6.3 Financials
- 14.3.7 Danfoss
- 14.3.7.1 Company Overview
- 14.3.7.2 Product Portfolio
- 14.3.7.3 SWOT Analysis
- 14.3.8 JTEKT Corporation (Toyota Group)
- 14.3.8.1 Company Overview
- 14.3.8.2 Product Portfolio
- 14.3.8.3 Financials
- 14.3.9 Parker Hannifin Corporation
- 14.3.9.1 Company Overview
- 14.3.9.2 Product Portfolio
- 14.3.9.3 Financials
- 14.3.9.4 SWOT Analysis
- 14.3.10 Quality Hydraulics & Pneumatics Inc.
- 14.3.10.1 Company Overview
- 14.3.10.2 Product Portfolio
- 14.3.11 Walvoil S.p.A (Interpump Group S.p.A)
- 14.3.11.1 Company Overview
- 14.3.11.2 Product Portfolio
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