by The global gear pumps market size was valued at USD 9.1 billion in 2023 and is expected to hit around USD 12.8 billion by 2033, growing at a CAGR of 3.40% from 2024 to 2033.
Key Takeaways
- Asia Pacific held the largest share of the market in 2023.
- By product type, the external gear pump segment held the largest segment of the gear pumps market in 2023.
- By product type, the internal gear pump segment is expected to grow at a significant rate during the forecast period.
- By operating pressure, the 100-300 bar gear pump segment held the dominating share of the gear pumps market in 2023.
- By operating pressure, the above 300 bar segment is expected to grow at a notable rate.
- By end-user, the construction diagnostics segment held the largest share of the market in 2023.
- By end-user, the oil and gas segment is expected to grow at a notable rate.
The gear pumps market refers to the global industry involved in the manufacturing, distribution, and sale of gear pumps, which are mechanical devices used for pumping fluids. These pumps are widely utilized across various industries for applications such as transferring liquids, lubricating machinery, and handling viscous fluids.
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Growth Factors
- Industrial Automation: Increasing adoption of automation in industries boosts the demand for gear pumps, as they are essential for fluid transfer and control systems.
- Infrastructure Development: Growth in construction and infrastructure projects worldwide drives the demand for gear pumps used in construction machinery and vehicles.
- Technological Advancements: Ongoing technological innovations lead to the development of more efficient and durable gear pump designs, attracting customers looking for higher performance and reliability.
- Expansion of Oil & Gas Sector: With the expansion of oil and gas exploration and production activities, there is a growing need for gear pumps in upstream, midstream, and downstream operations.
Gear Pumps Market Scope
| Report Coverage | Details |
| Global Market Size in 2023 | USD 9.1 Billion |
| Global Market Size by 2033 | USD 12.8 Billion |
| Growth Rate from 2024 to 2033 | CAGR of 3.40% |
| Largest Market | North America |
| Base Year | 2023 |
| Forecast Period | 2024 to 2033 |
| Segments Covered | By Product Type, By Operating Pressure, and By End-User |
| Regions Covered | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
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The report presents the volume and value-based market size for the base year 2022 and forecasts the market’s growth between 2023 and 2032. It estimates market numbers based on product form and application, providing size and forecast for each application segment in both global and regional markets.
Focusing on the global gear pumps market, the report highlights its status, future forecasts, growth opportunities, key market players, and key market regions such as the United States, Europe, and China. The study aims to present the development of the gear pumps market by considering factors like Year-on-Year (Y-o-Y) growth, in addition to Compound Annual Growth Rate (CAGR). This approach enables a better understanding of market certainty and the identification of lucrative opportunities.
Regarding production, the report investigates the capacity, production, value, ex-factory price, growth rate, and market share of major manufacturers, regions, and product types. On the consumption side, the report focuses on the regional consumption of gear pumps products across different countries and applications.
Buyers of the report gain access to verified market figures, including global market size in terms of revenue and volume. The report provides reliable estimations and calculations for global revenue and volume by product type from 2023 to 2032. It also includes accurate figures for production capacity and production by region during the same period.
The research includes product parameters, production processes, cost structures, and data classified by region, technology, and application. Furthermore, it conducts SWOT analysis and investment feasibility studies for new projects.
This in-depth research report offers valuable insights into the gear pumps market. It employs an objective and fair approach to analyze industry trends, supporting customer competition analysis, development planning, and investment decision-making. The project received support and assistance from technicians and marketing personnel across various links in the industry chain.
The competitive landscape section of the report provides detailed information on xx market competitors. It includes company overviews, financials, revenue generation, market potential, research and development investments, new market initiatives, global presence, production sites, production capacities, strengths and weaknesses, product launches, product range, and application dominance. However, the data points provided only focus on the companies’ activities related to the gear pumps market.
Prominent players in the market are expected to face tough competition from new entrants. Key players are targeting acquisitions of startup companies to maintain their dominance. The report
Reasons to Purchase this Report:
- Comprehensive market segmentation analysis incorporating qualitative and quantitative research, considering the impact of economic and policy factors.
- In-depth regional and country-level analysis, examining the demand and supply dynamics that influence market growth.
- Market size in USD million and volume in million units provided for each segment and sub-segment.
- Detailed competitive landscape, including market share of major players, recent projects, and strategies implemented over the past five years.
- Comprehensive company profiles encompassing product offerings, key financial information, recent developments, SWOT analysis, and employed strategies by major market players.
Competitive Landscape
The gear pumps market features a competitive landscape characterized by the presence of several key players competing based on factors such as product quality, price, distribution network, and technological innovation. Major companies operating in the market include:
Gear Pumps Market Companies
- Bosch Rexroth AG
- Bucher Hydraulics GmbH
- CASAPPA S.p.A.
- Daikin Industries, Ltd.
- Danfoss
- Eaton Corporation plc
- Kawasaki Heavy Industries, Ltd.
- KYB Corporation
- Parker-Hannifin Corporation
- Viking Group, Inc.
Segments Covered in the Report
By Product Type
- External gear pump
- Internal gear pump
By Operating Pressure
- Less than 100 Bar
- 100–300 Bar
- Above 300 Bar
By End-User
- Construction
- Mining
- Chemical and Petrochemical
- Oil and Gas
- Automotive
- Agriculture
- Others
By Geography
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East and Africa
TABLE OF CONTENT
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Gear Pumps Market
5.1. COVID-19 Landscape: Gear Pumps Industry Impact
5.2. COVID 19 – Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Gear Pumps Market, By Product Type
8.1. Gear Pumps Market Revenue and Volume, by January, 2024-2033
8.1.1 External gear pump
8.1.1.1. Market Revenue and Volume Forecast (2021-2033)
8.1.2. Internal gear pump
8.1.2.1. Market Revenue and Volume Forecast (2021-2033)
Chapter 9. Global Gear Pumps Market, By Operating Pressure
9.1. Gear Pumps Market Revenue and Volume, by Operating Pressure, 2024-2033
9.1.1. Less than 100 Bar
9.1.1.1. Market Revenue and Volume Forecast (2021-2033)
9.1.2. 100–300 Bar
9.1.2.1. Market Revenue and Volume Forecast (2021-2033)
9.1.3. Above 300 Bar
9.1.3.1. Market Revenue and Volume Forecast (2021-2033)
Chapter 10. Global Gear Pumps Market, By End-User
10.1. Gear Pumps Market Revenue and Volume, by End-User, 2024-2033
10.1.1. Construction
10.1.1.1. Market Revenue and Volume Forecast (2021-2033)
10.1.2. Mining
10.1.2.1. Market Revenue and Volume Forecast (2021-2033)
10.1.3. Chemical and Petrochemical
10.1.3.1. Market Revenue and Volume Forecast (2021-2033)
10.1.4. Oil and Gas
10.1.4.1. Market Revenue and Volume Forecast (2021-2033)
10.1.5. Automotive
10.1.5.1. Market Revenue and Volume Forecast (2021-2033)
10.1.6. Agriculture
10.1.6.1. Market Revenue and Volume Forecast (2021-2033)
10.1.7. Others
10.1.7.1. Market Revenue and Volume Forecast (2021-2033)
Chapter 11. Global Gear Pumps Market, Regional Estimates and Trend Forecast
11.1. North America
11.1.1. Market Revenue and Volume Forecast, by January (2021-2033)
11.1.2. Market Revenue and Volume Forecast, by Operating Pressure (2021-2033)
11.1.3. Market Revenue and Volume Forecast, by End-User (2021-2033)
11.1.4. U.S.
11.1.4.1. Market Revenue and Volume Forecast, by January (2021-2033)
11.1.4.2. Market Revenue and Volume Forecast, by Operating Pressure (2021-2033)
11.1.4.3. Market Revenue and Volume Forecast, by End-User (2021-2033)
11.1.5. Rest of North America
11.1.5.1. Market Revenue and Volume Forecast, by January (2021-2033)
11.1.5.2. Market Revenue and Volume Forecast, by Operating Pressure (2021-2033)
11.1.5.3. Market Revenue and Volume Forecast, by End-User (2021-2033)
11.2. Europe
11.2.1. Market Revenue and Volume Forecast, by January (2021-2033)
11.2.2. Market Revenue and Volume Forecast, by Operating Pressure (2021-2033)
11.2.3. Market Revenue and Volume Forecast, by End-User (2021-2033)
11.2.4. UK
11.2.4.1. Market Revenue and Volume Forecast, by January (2021-2033)
11.2.4.2. Market Revenue and Volume Forecast, by Operating Pressure (2021-2033)
11.2.4.3. Market Revenue and Volume Forecast, by End-User (2021-2033)
11.2.5. Germany
11.2.5.1. Market Revenue and Volume Forecast, by January (2021-2033)
11.2.5.2. Market Revenue and Volume Forecast, by Operating Pressure (2021-2033)
11.2.5.3. Market Revenue and Volume Forecast, by End-User (2021-2033)
11.2.6. France
11.2.6.1. Market Revenue and Volume Forecast, by January (2021-2033)
11.2.6.2. Market Revenue and Volume Forecast, by Operating Pressure (2021-2033)
11.2.6.3. Market Revenue and Volume Forecast, by End-User (2021-2033)
11.2.7. Rest of Europe
11.2.7.1. Market Revenue and Volume Forecast, by January (2021-2033)
11.2.7.2. Market Revenue and Volume Forecast, by Operating Pressure (2021-2033)
11.2.7.3. Market Revenue and Volume Forecast, by End-User (2021-2033)
11.3. APAC
11.3.1. Market Revenue and Volume Forecast, by January (2021-2033)
11.3.2. Market Revenue and Volume Forecast, by Operating Pressure (2021-2033)
11.3.3. Market Revenue and Volume Forecast, by End-User (2021-2033)
11.3.4. India
11.3.4.1. Market Revenue and Volume Forecast, by January (2021-2033)
11.3.4.2. Market Revenue and Volume Forecast, by Operating Pressure (2021-2033)
11.3.4.3. Market Revenue and Volume Forecast, by End-User (2021-2033)
11.3.5. China
11.3.5.1. Market Revenue and Volume Forecast, by January (2021-2033)
11.3.5.2. Market Revenue and Volume Forecast, by Operating Pressure (2021-2033)
11.3.5.3. Market Revenue and Volume Forecast, by End-User (2021-2033)
11.3.6. Japan
11.3.6.1. Market Revenue and Volume Forecast, by January (2021-2033)
11.3.6.2. Market Revenue and Volume Forecast, by Operating Pressure (2021-2033)
11.3.6.3. Market Revenue and Volume Forecast, by End-User (2021-2033)
11.3.7. Rest of APAC
11.3.7.1. Market Revenue and Volume Forecast, by January (2021-2033)
11.3.7.2. Market Revenue and Volume Forecast, by Operating Pressure (2021-2033)
11.3.7.3. Market Revenue and Volume Forecast, by End-User (2021-2033)
11.4. MEA
11.4.1. Market Revenue and Volume Forecast, by January (2021-2033)
11.4.2. Market Revenue and Volume Forecast, by Operating Pressure (2021-2033)
11.4.3. Market Revenue and Volume Forecast, by End-User (2021-2033)
11.4.4. GCC
11.4.4.1. Market Revenue and Volume Forecast, by January (2021-2033)
11.4.4.2. Market Revenue and Volume Forecast, by Operating Pressure (2021-2033)
11.4.4.3. Market Revenue and Volume Forecast, by End-User (2021-2033)
11.4.5. North Africa
11.4.5.1. Market Revenue and Volume Forecast, by January (2021-2033)
11.4.5.2. Market Revenue and Volume Forecast, by Operating Pressure (2021-2033)
11.4.5.3. Market Revenue and Volume Forecast, by End-User (2021-2033)
11.4.6. South Africa
11.4.6.1. Market Revenue and Volume Forecast, by January (2021-2033)
11.4.6.2. Market Revenue and Volume Forecast, by Operating Pressure (2021-2033)
11.4.6.3. Market Revenue and Volume Forecast, by End-User (2021-2033)
11.4.7. Rest of MEA
11.4.7.1. Market Revenue and Volume Forecast, by January (2021-2033)
11.4.7.2. Market Revenue and Volume Forecast, by Operating Pressure (2021-2033)
11.4.7.3. Market Revenue and Volume Forecast, by End-User (2021-2033)
11.5. Latin America
11.5.1. Market Revenue and Volume Forecast, by January (2021-2033)
11.5.2. Market Revenue and Volume Forecast, by Operating Pressure (2021-2033)
11.5.3. Market Revenue and Volume Forecast, by End-User (2021-2033)
11.5.4. Brazil
11.5.4.1. Market Revenue and Volume Forecast, by January (2021-2033)
11.5.4.2. Market Revenue and Volume Forecast, by Operating Pressure (2021-2033)
11.5.4.3. Market Revenue and Volume Forecast, by End-User (2021-2033)
11.5.5. Rest of LATAM
11.5.5.1. Market Revenue and Volume Forecast, by January (2021-2033)
11.5.5.2. Market Revenue and Volume Forecast, by Operating Pressure (2021-2033)
11.5.5.3. Market Revenue and Volume Forecast, by End-User (2021-2033)
Chapter 12. Company Profiles
12.1. Bosch Rexroth AG
12.1.1. Company Overview
12.1.2. Product Offerings
12.1.3. Financial Performance
12.1.4. Recent Initiatives
12.2. Bucher Hydraulics GmbH
12.2.1. Company Overview
12.2.2. Product Offerings
12.2.3. Financial Performance
12.2.4. Recent Initiatives
12.3. CASAPPA S.p.A.
12.3.1. Company Overview
12.3.2. Product Offerings
12.3.3. Financial Performance
12.3.4. Recent Initiatives
12.4. Daikin Industries, Ltd.
12.4.1. Company Overview
12.4.2. Product Offerings
12.4.3. Financial Performance
12.4.4. Recent Initiatives
12.5. Danfoss
12.5.1. Company Overview
12.5.2. Product Offerings
12.5.3. Financial Performance
12.5.4. Recent Initiatives
12.6. Eaton Corporation plc
12.6.1. Company Overview
12.6.2. Product Offerings
12.6.3. Financial Performance
12.6.4. Recent Initiatives
12.7. Kawasaki Heavy Industries, Ltd.
12.7.1. Company Overview
12.7.2. Product Offerings
12.7.3. Financial Performance
12.7.4. Recent Initiatives
12.8. KYB Corporation
12.8.1. Company Overview
12.8.2. Product Offerings
12.8.3. Financial Performance
12.8.4. Recent Initiatives
12.9. Parker-Hannifin Corporation
12.9.1. Company Overview
12.9.2. Product Offerings
12.9.3. Financial Performance
12.9.4. Recent Initiatives
12.10. Viking Group, Inc.
12.10.1. Company Overview
12.10.2. Product Offerings
12.10.3. Financial Performance
12.10.4. Recent Initiatives
Chapter 13. Research Methodology
13.1. Primary Research
13.2. Secondary Research
13.3. Assumptions
Chapter 14. Appendix
14.1. About Us
14.2. Glossary of Terms
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