Automotive Hydrostatic Fan Drive System - Global Market Insights and Sales Trends 2024

Automotive Hydrostatic Fan Drive System - Market Size

The global Automotive Hydrostatic Fan Drive System market size is expected to reach US$ 684.2 million by 2029, growing at a CAGR of 5.0% from 2023 to 2029.

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Hydrostatic fan drive systems can keep combustion engines at their optimum operating temperature, even under the most difficult of application conditions. This enables mobile equipment, buses and commercial vehicles to comply with strict emissions regulations for exhaust gas and noise.

The market is mainly driven by the significant applications of Automotive Hydrostatic Fan Drive System in various end use industries. The expanding demands from the Buses, Construction Equipments and Agricultural Tractors,, are propelling Automotive Hydrostatic Fan Drive System market. Fixed Hydrostatic Fan Drive System, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Variable Hydrostatic Fan Drive System segment is estimated at % CAGR for the next seven-year period.

Automotive is a key driver of this industry. According to data from the World Automobile Organization (OICA), global automobile production and sales in 2017 reached their peak in the past 10 years, at 97.3 million and 95.89 million respectively. In 2018, the global economic expansion ended, and the global auto market declined as a whole. In 2022, there will wear units 81.6 million vehicles in the world. At present, more than 90% of the world's automobiles are concentrated in the three continents of Asia, Europe and North America, of which Asia automobile production accounts for 56% of the world, Europe accounts for 20%, and North America accounts for 16%. The world major automobile producing countries include China, the United States, Japan, South Korea, Germany, India, Mexico, and other countries; among them, China is the largest automobile producing country in the world, accounting for about 32%. Japan is the world's largest car exporter, exporting more than 3.5 million vehicles in 2022.

Key Players:
• Eaton
• Parker Hannifin
• Jtekt
• Bosch
• Danfoss
• Concentric
• Bucher Hydraulics
• Hawe Hydraulik
• Walvoil
• Bondioli & Pavesi
• Casappa
• Enovation Controls
• Hydac International
• Hydrosila Group
• Axiomatic Technologies
• Avid Impex
• Quality Hydraulics & Pneumatics
• Hydraforce Hydraulics

By Type
• Fixed Hydrostatic Fan Drive System
• Variable Hydrostatic Fan Drive System

By Application
• Buses
• Construction Equipments
• Agricultural Tractors

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This release was published on openPR.