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Hydrostatic Transmission Pump Market Trends

Report ID: GMI8486
Published Date: Mar 2024
Report Format: PDF

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Hydrostatic Transmission Pump Market Trends

The escalating sustainability initiatives is another factor influencing the market growth. The increasing environmental concerns are compelling industries to shift towards eco-friendly solutions, prompting the adoption of hydrostatic transmission pumps due to their efficiency and reduced emissions. Moreover, specific developments, such as the integration of electric drive options and advancements in predictive maintenance technology will further propel the market growth.

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The hydrostatic transmission pump industry was valued at USD 2.4 billion in 2023 and is estimated to register a CAGR of over 3.5% between 2024 & 2032, driven by widespread adoption in agriculture, construction, and material handling.

In 2023, pump housing segment accounted for a market share of over 20%, backed by the efficiency & durability, advancements in pump housing materials and designs.

Asia Pacific hydrostatic transmission pump industry accounted for a revenue share of over 40% in 2023 and will continue to show impressive growth through 2023, attributed to rapid industrialization and urbanization, coupled with infrastructural development initiatives.

Bondioli & Pavesi S.p.A., Bosch Rexroth AG, Bucher Hydraulics GmbH, Casappa S.p.A., Danfoss A/S, Kawasaki Heavy Industries, Ltd., Liebherr-International AG, Linde Hydraulics, and Parker Hannifin Corporation.