Hydrostatic Transmission Market to See Maximum Growth in APAC During 2020-2024 | Includes COVID-19 Impact Analysis and Business Continuity Plan for New Normal | Technavio

·3-min read

The new hydrostatic transmission market research report from Technavio indicates neutral growth in the short term as the business impact of COVID-19 spreads.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201126005556/en/

Technavio has announced its latest market research report titled Global Hydrostatic Transmission Market 2020-2024 (Graphic: Business Wire)

Get detailed insights on the COVID-19 pandemic Crisis and Recovery analysis of the hydrostatic transmission market.
Get FREE report sample within MINUTES

"One of the primary growth drivers for this market is the increasing demand for customized hydrostatic transmission", says a senior analyst for the Industrials industry at Technavio. As the markets recover Technavio expects the hydrostatic transmission market size to grow by USD 606.73 million during the period 2020-2024.

Hydrostatic Transmission Market Segment Highlights for 2020

  • The hydrostatic transmission market is expected to post a year-over-year growth rate of -3.25%.

  • Based on the end-user, the market saw maximum demand for hydrostatic transmission from the agriculture industry in 2019. This is due to the increased use of hydrostatic transmission systems in various farming applications.

  • The market growth in the segment will be significant during the forecast period.

Regional Analysis

  • 47% of the growth will originate from the APAC region.

  • The APAC region is expected to offer significant opportunities for vendors during the forecast period.

  • China and Japan are the key markets for hydrostatic transmission in APAC. Market growth in this region will be faster than the growth of the market in other regions.

Click here to learn about report detailed analysis and insights on how you can leverage them to grow your business.

Related Reports on Industrials Include:

Global Hydronic Systems Market - Global hydronic systems market is segmented by application (residential and non-residential), technology (heating and cooling), and geography (North America, APAC, Europe, South America, and MEA). Click Here to Get an Exclusive Free Sample Report

Global Hydrogen Compressor Market - Global hydrogen compressor market is segmented by technology (multistage and single-stage), end-user (oil and gas, chemicals, and others), type (oil-based and oil-free), power range (below 100 hp, 101 hp - 200 hp, 201 hp and above), and geography (APAC, Europe, North America, MEA, and South America). Click Here to Get an Exclusive Free Sample Report


  • The hydrostatic transmission market size is expected to accelerate at a CAGR of almost 2% during the forecast period.

  • The hydrostatic transmission market is segmented by End-user (Agricultural industry, Construction industry, Logistics and transportation industry, and Others), Geography (APAC, North America, Europe, MEA, and South America), and Type (Heavy-duty hydrostatic transmission, Medium-duty hydrostatic transmission, and Light-duty hydrostatic transmission).

  • The market is fragmented due to the presence of many established vendors holding significant market share.

  • The research report offers information on several market vendors, including Bosch Rexroth AG, Carraro Group, Dana Inc., Danfoss AS, Eaton Corporation Plc, GS Global Resources, Kanzaki Kokyukoki Mfg. Co. Ltd., Linde Hydraulics GmbH & Co. KG, Oil-Air Products LLC, and Parker Hannifin Corp.

Register for a free trial today to access 17,000+ market research reports using Technavio's SUBSCRIPTION platform

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

View source version on businesswire.com: https://www.businesswire.com/news/home/20201126005556/en/


Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/