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The increasing demand from the construction, mining, and agriculture industries is likely to be the major driver for the global Hydrostatic Transmission Market Manufacturers over the forecast period. These industries value the precise power output provided by hydrostatic transmission systems and have been the major consumers in the market over recent years.
Competitive Analysis
Leading players in the global Hydrostatic Transmission Market Manufacturers include Linde Hydraulics GmbH & Co. KG, Robert Bosch GmbH, Poclain Hydraulics, Kawasaki Heavy Industries Ltd., CARRARO Group, Danfoss A/S, Dana Inc., Kanzaki Kokyukoki Mfg. Co. Ltd., Parker Hannifin Corporation, and Eaton Corporation plc.
Segmentation
The global Hydrostatic Transmission Market Manufacturers is segmented on the basis of capacity, operation type, application, and region.
By capacity, the global Hydrostatic Transmission Market Manufacturers is segmented into light duty, medium duty, and heavy duty.
By operation type, the global Hydrostatic Transmission Market Manufacturers is segmented into variable displacement motor-constant displacement pump, variable displacement pump-constant displacement motor, and variable displacement motor-variable displacement pump.
By application, the global Hydrostatic Transmission Market Manufacturers is segmented into agriculture, construction and mining, logistics and transportation, and others.
Regional Analysis
The growing demand for metals such as copper and iron in the rapidly growing economy of China is also a major driver for the mining sector in Asia Pacific, thus driving the Hydrostatic Transmission Market Manufacturers in the region. The growing construction industry in China, India, and other Asia Pacific has also been a major driver for the Hydrostatic Transmission Market Manufacturers, as construction machinery has been in prime demand in this region in the last few years. The growing demand for residential construction as well as industrial and infrastructure expansion in the developing economies could prove to be a major factor working in favor of the Hydrostatic Transmission Market Manufacturers over the forecast period.
North America and Europe follow Asia Pacific and are likely to remain key players in the global Hydrostatic Transmission Market Manufacturers over the forecast period due to the presence of several leading market players in these regions and the growing demand for hydrostatic transmission systems from the construction industry.
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