According to Cognitive Market Research, the global Hydrostatic Transmission market size is USD 3258.2 million in 2024. It will expand at a compound annual growth rate (CAGR) of 5.90% from 2024 to 2031.
North America held the major market share for more than 40% of the global revenue with a market size of USD 1303.28 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.1% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 977.46 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 749.39 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.9% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 162.91 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.3% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 65.16 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.6% from 2024 to 2031.
Agriculture held the highest Hydrostatic Transmission market revenue share in 2024.
