The global automotive hydrostatic fan drive system market size reached US$ 385.1 Million in 2022. Looking forward, the analyst 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.
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?
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
The report 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?
Table of Contents
1 Preface3 Executive Summary11 Value Chain Analysis13 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Automotive Hydrostatic Fan Drive System Market
6 Market Breakup by Component
7 Market Breakup by Pump Type
8 Market Breakup by Vehicle Type
9 Market Breakup by Region
10 SWOT Analysis
12 Porters Five Forces Analysis
14 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- 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.
- Walvoil S.p.A (Interpump Group S.p.A).
Methodology
LOADING...
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 149 |
| Published | October 2023 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value ( USD | $ 385.1 Million |
| Forecasted Market Value ( USD | $ 528 Million |
| Compound Annual Growth Rate | 5.4% |
| Regions Covered | Global |
| No. of Companies Mentioned | 11 |
