DUBLIN, July 19, 2017 /PRNewswire/ --
The "Global Hydrostatic Transmission Market 2017-2021" report has been added to Research and Markets' offering.
The global hydrostatic transmission market to grow at a CAGR of 4.15% during the period 2017-2021.
The report, Global Hydrostatic Transmission Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
The latest trend gaining momentum in the market is increasing adoption of mid-size heavy equipment with hydrostatic transmission. Heavy equipment such as excavators, wheel loaders, fork lifts, and tractors, under the category of 35-50-ton division, is constantly being upgraded with changing market forces and technologies. The roles of heavy equipment have increased, and the adoption rate of mid-sized heavy equipment is expected to improve in the future. This will positively impact the global hydrostatic transmission market. Wheel loaders, forklifts, and excavators are mostly used in the mining, construction, and logistics industries.
According to the report, one of the major drivers for this market is increasing demand for customized hydrostatic transmission. There is an increase in demand for customized hydrostatic transmissions in construction, agricultural, mining and logistics and transportation industries. The logistics and transportation, construction, and mining industries require customized hydrostatic transmissions with remote control operations for their heavy equipment. Therefore, vendors are providing custom-made hydrostatic transmissions to suit end-user requirements and gain a competitive edge.
Further, the report states that one of the major factors hindering the growth of this market is Excessive cost of buying and installation of hydrostatic transmission. Hydrostatic transmission systems involve the use of pumps, motors, sensors, software, and advanced technologies. Their prices are considerably high and require a large initial one-time payment during its installation. The initial cost of hydrostatic transmission is high but the return on investments (ROI) is stronger than the of PSTs. Additional costs include investments in trailers and docks trailers, articulated forklifts, loaders, and docks, along with modification expenses. These costs appreciate depending on the customization and other operational requirements based on the industry.
- Parker Hannifin
Other prominent vendors
- Bosch Rexroth
- Carraro Drive Tech
- Deere & Company
- GS Global Resources
- Kawasaki Heavy Industries
- The Linde Group
- Oil-Air Products
- POCLAIN HYDRAULICS
- Tuff Torq
- ZF Friedrichshafen
Key Topics Covered:
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by type
PART 07: Market segmentation by end-user
PART 08: Geographical segmentation
PART 09: Decision framework
PART 10: Drivers and challenges
PART 11: Market trends
PART 12: Vendor landscape
PART 13: Key vendor analysis
For more information about this report visit https://www.researchandmarkets.com/research/k36hqn/global
Laura Wood, Senior Manager
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
SOURCE Research and Markets