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The global automotive hydrostatic fan drive system market reached a value of US$ 363.66 Million in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 513.24 Million by 2027, exhibiting a CAGR of 5.80% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.
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.
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.
IMARC Group provides an analysis of the key trends in each sub-segment of the global automotive hydrostatic fan drive system market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on component, pump type and vehicle type.
Breakup by Component:
Breakup by Pump Type:
Breakup by Vehicle Type:
Breakup by Region:
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).
|Base Year of the Analysis||2021|
|Segment Coverage||Component, Pump Type, Vehicle Type, Region|
|Region Covered||Asia Pacific, Europe, North America, Latin America, Middle East and Africa|
|Countries Covered||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico|
|Companies Covered||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).|
|Customization Scope||10% Free Customization|
|Report Price and Purchase Option||Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
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