The global automotive hydrostatic fan drive system market is anticipated to grow at a significant CAGR of 6.7% during the forecast period (2022-2028). The automotive hydrostatic fan drive system is a critical component that helps with lubrication, sensors, and control units in the vehicle. When the engine heats up, the main objective of a fan drive system is to remove excess heat and maintain the temperature in the vehicle. Engine cooling fan systems for heavy-duty vehicles and equipment use horsepower, which raises the vehicle’s overall noise level. Conventional fan drive systems, such as clutch and pneumatic drives, electromagnetic and viscous drives, and variable pitch fans, generally fail due to high use of power. Hydrostatic fan drive systems help these vehicles by improving engine cooling efficiency while lowering noise heat operations related to engines.
The market is growing due to factors such as governments’ focus on reducing emissions and an increase in demand for hydrostatic fans. In addition, the global market for automotive hydrostatic fan drive systems is boosted by the development of technologies for decreasing carbon dioxide (CO2) emissions and the development and innovation in engine manufacture. Furthermore, LAMEA’s growing demand for low-emission off-highway vehicles is presenting the market with significant potential.
Increased adoption of heavy-duty and off-highway vehicles throughout Latin America, the Middle East, and Africa is fueled by consistent economic expansion, rising disposable income, and strong government backing for the automotive sector’s development. Furthermore, as the agriculture and mining industries have grown, so is the demand for commercial and off-highway vehicles in numerous Latin American countries. According to the International Organization of Motor Vehicle Manufacturers (OICA), a total of 525,781 commercial and heavy-duty vehicles were sold in Brazil in 2019, representing a 13.1% increase over 2018. In Saudi Arabia, 72,572 commercial cars were sold in 2019, representing a 14 increase over 2018. As a result, rising sales of commercial and off-highway vehicles, as well as rising demand for low-emission off-highway vehicles, are providing lucrative prospects for the automotive hydrostatic fan drive system market to expand further in LAMEA.
Construction equipment is expected to have the greatest market share. The need for an adequate cooling system that maintains the proper engine temperature to ensure complete combustion of fuel has been emphasized as pollution rules and regulations for off-highway vehicles have become more stringent. Construction equipment trucks operate at high engine RPMs in a stationary position. In addition, the expanding infrastructure projects in developing countries are propelling the construction equipment industry forward.
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Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Pump Type
- By Component
- By Vehicle Type
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- Bosch Rexroth AG, Bucher Hydraulics, CASAPPA S.p.A, Concentric AB, and Danfoss, among others.
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Global Automotive Hydrostatic Fan Drive System Market Report by Segment
By Pump Type
- Fixed Displacement Pump
- Variable Displacement Pump
By Component
- Hydraulic Pump
- Hydraulic Motor
- ECU
- Oil Cooler
- Hydraulic Valves & Sensors
By Vehicle Type
- Buses
- Construction Equipment
- Agricultural Tractors
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
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