Ideal Adoption Attributes Create Lucrative Application Opportunities in Agriculture, for OEMs in Hydrostatic Transmission Market
Published On : May 25,2018
On the backdrop of growing power transmission requirements in off road vehicles and material handling systems, Future Market Insights projects a promising growth outlook for the global hydrostatic transmission market for the next decade. Estimated at a CAGR value of 5.9% over 2018-2028, the market will reportedly expand to reach beyond US$ 10 Bn by 2028 end.
By capacity, in terms of value, medium duty segment will continue to represent maximum market value, owing to higher end use applications and ideal weight for transmission purpose compared to light duty and heavy duty equipment.
Adoption of Hydrostatic Transmission Pushed up by a Broadening Application Base in Agricultural Industry
Global hydrostatic transmission market is primarily driven by increasing agricultural activities, leading to the demand and availability of an extensive range of agricultural equipment.

Source: Click here

Share this article

Facebook Comments