Global Automotive Hydrostatic Fan Drive System Market by Pump Type, Component, Vehicle Type and Geography - Forecast to 2026 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Aug 17, 2018--The “Automotive Hydrostatic Fan Drive System - Global Market Outlook (2017-2026)” report has been added to ResearchAndMarkets.com’s offering.
According to the report, the global automotive hydrostatic fan drive system market was estimated at $130.5 million in 2017 and is projected to reach $245.36 million by 2026, at a CAGR of 7.3%.
The growing demand for an independent, compact, & silent engine cooling system for off-highway vehicles is likely to drive the Market. The market growth can also be attributed to the increasing stringency of emission rules, which have accentuated the demand for a fuel-efficient engine cooling system. However, the increasing demand for electric vehicles of engine cooling components such as radiators, oil coolers, and hydraulic motor & pumps are restraining the market growth.
Based on Vehicle type, the Construction equipment segment accounted for considerable market share during the forecast period. The growth of this segment can be attributed to its increasing stringency of emission norms and regulations for off-highway vehicles has accentuated the need for an effective cooling system that maintains the desired engine temperature to ensure complete combustion of fuel.
By geography, Asia pacific held the largest market due to growth in the global market during the forecast period. The growing demand for construction equipment and agricultural tractors due to infrastructural and agricultural developments is propelling the growth of automotive hydrostatic fan drive system market in the region.
Key Topics Covered
1 Executive Summary
3 Market Trend Analysis
4 Porters Five Force Analysis
5 Global Automotive Hydrostatic Fan Drive System Market, By Pump Type
6 Global Automotive Hydrostatic Fan Drive System Market, By Component
7 Global Automotive Hydrostatic Fan Drive System Market, By Vehicle Type
8 Global Automotive Hydrostatic Fan Drive System Market, By Geography
9 Key Developments
10 Company ProfilingBosch Walvoil Danfoss Casappa Concentric Bondioli & Pavesi Eaton Enovation Controls Bucher Hydraulics Axiomatic Technologies Hawe Hydraulik Hydac International Parker Hannifin Hydrosila Group Jtekt Quality Hydraulics & Pneumatics Avid Impex Hydraforce Hydraulics
For more information about this report visit https://www.researchandmarkets.com/research/c5vvpp/global_automotive?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20180817005178/en/
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Related Topics:Automotive Climate Control Systems
INDUSTRY KEYWORD: AUTOMOTIVE OTHER AUTOMOTIVE
SOURCE: Research and Markets
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PUB: 08/17/2018 08:39 AM/DISC: 08/17/2018 08:39 AM