Hydraulic Gear Pumps Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2024 - 2032
Market Report I 2024-12-03 I 220 Pages I Global Market Insights
The Global Hydraulic Gear Pumps Market, valued at USD 2.2 billion in 2023, is set to experience significant growth, with a projected CAGR of 5.9% from 2024 to 2032. This market plays a vital role in the industrial machinery and equipment sector, serving industries such as construction, agriculture, oil and gas, and petrochemicals.
The hydraulic gear pumps market is primarily divided into two product types: external and internal gear pumps. Internal gear pumps led the market in 2023, valued at USD 1.2 billion, and are expected to grow at a robust CAGR of 6.3% through 2032. Known for their smooth and quiet operation, these pumps are ideal for precision-driven industries, making them highly sought after across various industrial applications. Their versatility and superior performance give them a competitive advantage over external gear pumps, which are commonly used in less demanding tasks.
The market is also segmented by operating pressure into three categories: Below 150 Bar, 150-250 Bar, and Above 250 Bar. The Below 150 Bar segment accounted for 26% of the market share in 2023 and is projected to reach USD 900 million by 2032. This segment is widely favored for light-duty applications in industries like agriculture, material handling, and small-scale machinery. The affordability, simplicity, and ability to meet lower pressure requirements make it a preferred choice in developing economies, particularly among small and medium-sized enterprises (SME).
The U.S. hydraulic gear pumps market was valued at USD 400 million in 2023, with a projected CAGR of 5.9% through 2032. The country's advanced industrial base, coupled with high demand for heavy machinery in sectors like construction, agriculture, and manufacturing, drives significant market growth. Additionally, ongoing infrastructure development projects further enhance the demand for efficient and modernized hydraulic systems, boosting market opportunities.
Report Content
Chapter 1Methodology & Scope
1.1 Market scope & definitions
1.2 Base estimates & calculations
1.3 Forecast calculations
1.4 Data sources
1.4.1 Primary
1.4.2 Secondary
1.4.2.1 Paid sources
1.4.2.2 Public sources
Chapter 2Executive Summary
2.1 Industry synopsis, 2021-2032
Chapter 3Industry Insights
3.1 Industry ecosystem analysis
3.1.1 Factor affecting the value chain
3.1.2 Profit margin analysis
3.1.3 Disruptions
3.1.4 Future outlook
3.1.5 Manufacturers
3.1.6 Distributors
3.2 Supplier landscape
3.3 Profit margin analysis
3.4 Key news & initiatives
3.5 Regulatory landscape
3.6 Impact forces
3.6.1 Growth drivers
3.6.1.1 Growing infrastructural development and urbanization
3.6.1.2 Surge in agricultural mechanization
3.6.1.3 Growth in material handling and logistics activities
3.6.2 Industry pitfalls & challenges
3.6.2.1 High maintenance and operational costs
3.6.2.2 Volatility in raw material prices
3.7 Growth potential analysis
3.8 Porter's analysis
3.9 PESTEL analysis
Chapter 4Competitive Landscape, 2023
4.1 Introduction
4.2 Company market share analysis
4.3 Competitive positioning matrix
4.4 Strategic outlook matrix
Chapter 5Market Estimates & Forecast, By Product Type, 2021-2032 (USD Billion) (Thousand Units)
5.1 Key trends
5.2 External gear pump
5.3 Internal gear pump
Chapter 6Market Estimates & Forecast, By Operating Pressure, 2021-2032 (USD Billion) (Thousand Units)
6.1 Key trends
6.2 Below 150 Bar
6.3 150 - 250 Bar
6.4 Above 250 Bar
Chapter 7Market Estimates & Forecast, By Technology, 2021-2032 (USD Billion) (Thousand Units)
7.1 Key trends
7.2 Self-contained
7.3 Remote-condensing
7.4 Multiple-condensing
Chapter 8Market Estimates & Forecast, By Price Range, 2021-2032 (USD Billion) (Thousand Units)
8.1 Key trends
8.2 USD 1 - USD 200
8.3 USD 200 - USD 600
8.4 >USD 600
Chapter 9Market Estimates & Forecast, By End Use, 2021-2032 (USD Billion) (Thousand Units)
9.1 Key trends
9.2 Automotive
9.3 Chemicals and petrochemicals
9.4 Food and beverage
9.5 Metal and mining
9.6 Oil and gas
9.7 Power generation
9.8 Water and wastewater
9.9 Others (Pulp and Paper, etc.)
Chapter 10Market Estimates & Forecast, By Sales Channel, 2021-2032 (USD Billion) (Thousand Units)
10.1 Key trends
10.2 Direct sales
10.3 Indirect sales
Chapter 11Market Estimates & Forecast, By Region, 2021-2032 (USD Million) (Thousand Units)
11.1 Key trends
11.2 North America
11.2.1U.S.
11.2.2Canada
11.3 Europe
11.3.1UK
11.3.2Germany
11.3.3France
11.3.4Italy
11.3.5Spain
11.3.6Russia
11.3.7Rest of Europe
11.4 Asia Pacific
11.4.1China
11.4.2India
11.4.3Japan
11.4.4South Korea
11.4.5Australia
11.4.6Rest of Asia Pacific
11.5 Latin America
11.5.1Brazil
11.5.2Mexico
11.5.3Rest of Latin America
11.6 MEA
11.6.1UAE
11.6.2Saudi Arabia
11.6.3South Africa
11.6.4Rest of MEA
Chapter 12Company Profiles
12.1 Bosch Rexroth
12.2 Bucher Hydraulics
12.3 Casappa
12.4 Concentric AB
12.5 Daikin Industries
12.6 Dynamatic Technologies
12.7 Eaton Corporation
12.8 Eckerle
12.9 Gemma Automotive
12.10 Hema USA
12.11 Hydac
12.12 Kawasaki Heavy Industries
12.13 KSB SE & Co. KGaA
12.14 KYB Corporation
12.15 Linde Hydraulics GmbH & Co. KG
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