Global Hydraulic Gear Pump Market is projected to witness 6% CAGR by Forecast to 2027

Pune, India, May 22, 2018 /MRFR Press Release/- Market Research Future published a half-cooked research report on Global Hydraulic Gear Pump Market. The Global Hydraulic Gear Pump Market is expected to witness 4% CAGR during the period, 2018 to 2023.

Market Highlights

The hydraulic gear pump are mainly devided as external gear pump and internal gear pumps and are used in various applicatons such as transmission/clutches, electrohydraulic powered steering, and hybrid propulsion. When compared to conventional mechanical pump, the hydraulic gear pump provides accurate temperature stabilization, improved fuel efficiency and reduces noise. As the energy consumption is less in hydraulic gear pump, it satisfies the increasing demand for energy efficient pumping solutions. Hence, the rising environmental concerns are expected to drive the demand of hydraulic gear pump during the forecast period. However, the high cost of hydraulic gear pump assembly is expected to restrain the demand of hydraulic gear pump during the forecast period.

Browse In-depth Details [Table of Content, List of Figures, List of Tables] of Hydraulic Gear Pump MarketResearch Report

Drivers: Hydraulic Gear Pump:
Global Hydraulic Gear Pump Market

Market Research Analysis:
In terms of region, the global hydraulic gear pump market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World. North America market held the largest share in 2017. The presence of construction equipment manufacturers such as Zoom Lion, Caterpillar, and JCB combined with growing consruction sector is expected to drive the demand of hydraulic gear pump in this region during the forecats period.  Europe is expected to hold substantial market share during the forecast period. The presence of major market players such as HYDAC, Marzocchi Pompe S.p.A. Linde Hydraulics GmbH & Co. Kg, Bosch Rexroth AG, Eaton Corporation Plc, Bucher Hydraulics GmbH, combined with the high demand for the hydraulic gear pump from the construction sector is expected to fuel the market growth in Europe region. Asia-Pacific is expected to be the fastest growing region during the forecast period. The growing agriculture and construction sector along with increasing automobile production and sale in countries such as India and China is expected to raise the demand of hydraulic gear pumps in Asia-Pacific region. Rest of the World is expected to witness high growth in hydraulic gear pump market during the forecast period. This growth is atributed to the increase in use of hydraulic gear pumps in countries such as Saudi Arabia, UAE, and Iran to extract more oil from reservoirs.

Scope of the Report:
This study provides an overview of the global hydraulic gear pump market, tracking five market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume, and share for North America, Europe, Asia-Pacific, and the Rest of the World. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global hydraulic gear pump market by product type, operating pressure, vehicle type, application, distribution channel, and regions.

By Product Type

  • External Gear Pump

  • Internal Gear Pump

By Operating pressure

  • Less than 100 Bar

  • 100–300 Bar

  • Above 300 Bar

By Vehicle Type

  • Light Duty Vehicles

  • Heavy Duty Vehicles

  • Material Handling Vehicles

By Application

  • Transmission/Clutches

  • Electrohydraulic Powered Steering

  • Hybrid Propulsion

  • Lifting Application

By Distribution Channel

  • OEM

  • Aftermarket

By Regions

  • North America 

  • Asia-Pacific 

  • Europe

  • Rest of the World  

Key Players:
The prominent players in the global hydraulic gear pump market include Linde Hydraulics GmbH & Co. Kg (Germany), Bosch Rexroth AG (Germany), Eaton Corporation Plc (Republic of Ireland), Sapricon Hydraulic Industries(India), and Gemma Automotive (Turkey). Marzocchi Pompe S.p.A. (Italy), Daikin Industries, Ltd. (Japan), Kawasaki Heavy Industries, Ltd(Japan), Bucher Hydraulics GmbH (Switzerland), Parker Hannifin Corp (US), Dynamatic Technologies Limited (India), and HYDAC (Germany) are among others.


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Report details
Companies Covered 15
Pages 100
Certified Global Research Member
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