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Hydraulic Gear Pump Market Research Report Information By Product Type (External Gear Pump, Internal Gear Pump), By Operating Pressure (Less than 100 Bar, 100–300 Bar, Above 300 Bar), By Application (Transmission/Clutches, Electrohydraulic Powered Steering, Hybrid Propulsion, Lifting Application), By Distribution Channel (Original Equipment Manufacturer (OEM), Aftermarket) And By Region (North America, Europe, Asia-Pacific, And Rest Of The World)-Industry Size, Share, Trends & Forecast to 2032

ID: MRFR/AM/5304-HCR | 100 Pages | Author: Sejal Akre| April 2024

Hydraulic Gear Pump Market Overview:

Hydraulic Gear Pump Market Size was valued at USD 8.9 Billion in 2022. The Hydraulic Gear Pump Market industry is projected to grow from USD 9.2 Billion in 2023 to USD 12.6 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 4.00% during the forecast period (2023 - 2032). Rising need for energy-efficient solutions, as well as increased use of construction equipment for tasks such as excavation, earthmoving, and material handling are the key market drivers enhancing the market growth.

Hydraulic Gear Pump Market

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Hydraulic Gear Pump Market Trends

  • Growing water treatment activities are expected to drive market growth

Market CAGR for hydraulic gear pump is being driven by the growing water treatment activities. Hydraulic pumps are critical in wastewater treatment plants because they are used to pump raw sewage, transfer sludge, and circulate wastewater throughout the treatment process. The increased investment in new water treatment plants will drive the hydraulic pump sector forward. In November 2022, Newmont announced a $160 million investment in a water treatment plant at Porcupine Mine that will collect, treat, and return impacted water. At the Mena Desalination Projects Forum 2022 in Abu Dhabi in March 2022, Saudi Arabia announced 60 water projects for water desalination and wastewater treatment service for SR35 billion ($9.33 billion).

Hydraulic pumps play vital roles in a wide range of aerospace and defence applications, including airplanes, helicopters, missiles, and armoured vehicles. These pumps supply the hydraulic power required to operate landing gears, control surfaces, braking systems, armament systems, and other critical operations in aerospace and defence equipment. Increased aircraft manufacturing fuels the expansion of the hydraulic pump industry. Airbus said in January 2020 that it would construct 63 A320 family aircraft each month in 2021 and invest a further $40 million in the project, bringing the total commitment to more than $1 billion.

Moreover, hydraulic gear pumps are widely used in agricultural machinery such as tractors, harvesters, and sprayers to power the hydraulic systems that regulate the equipment's movement. As the demand for food increases, so does the demand for agricultural machinery. This is increasing demand for hydraulic gear pumps, which are an essential component of these devices.

For example, according to a United Nations report, the global population is predicted to exceed 9.7 billion by 2050, driving need for food production. To meet this need, the agricultural sector is projected to invest in more sophisticated technology, which will necessitate the use of hydraulic gear pumps.

Furthermore, because of their great efficiency, compact size, and low noise levels, hydraulic gear pumps are chosen over other types of pumps. This makes them excellent for use in agricultural machinery where space is restricted and noise levels must be kept low in order to not disturb livestock.

Hydraulic Gear Pump Market Segment Insights:

Hydraulic Gear Pump Product Type Insights

The Hydraulic Gear Pump Market segmentation, based on Product Type includes External Gear Pump, Internal Gear Pump. In 2022, the external gear pump segment dominated the market. An external gear pump employs two identical mesh-meshed gears side by side. A motor powers one of the gears, which drives the other gear, which drives the idle (driven) gear. Each gear is supported by a shaft with bearings on both sides of the gear. As a result, it is more useful in the building business.

Figure1: Hydraulic Gear Pump Market, by Product Type, 2022 & 2032 (USD Billion)

Global Hydraulic Gear Pump Market, by Product Type, 2022&2032

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Hydraulic Gear Pump Operating Pressure Insights

The Hydraulic Gear Pump Market segmentation, based on Operating Pressure, includes Less than 100 Bar, 100–300 Bar, Above 300 Bar. The hydraulic gear pump industry is dominated by the 100-300 bar category. Because of the increasing demand for hydraulic gear pumps in various applications such as construction, mining, and material handling equipment, this segment is projected to continue to dominate the market in the future years.  

Hydraulic Gear Pump Application Insights

The Hydraulic Gear Pump Market segmentation, based on application, includes Transmission/Clutches, Electrohydraulic Powered Steering, Hybrid Propulsion, and Lifting Application. The lifting application segment accounts for the majority of the Hydraulic Gear Pump Market. Because of their great efficiency, low noise levels, and small size, hydraulic gear pumps are commonly utilized in lifting applications such as cranes, forklifts, and aerial work platforms.

Hydraulic Gear Pump Distribution Channel Insights

The Hydraulic Gear Pump Market segmentation, based on distribution channel, includes Original Equipment Manufacturer (OEM), Aftermarket. During the forecast period, the original equipment manufacturer (OEM) segment is predicted to grow at the fastest rate. An original equipment manufacturer (OEM) is a corporation that creates parts and equipment that another manufacturer may sell. OEMs, often known as value-added resellers, are companies that supply parts for another company's finished goods (VAR). Engineering technology services, for example, provides original equipment manufacturer (OEM) hydraulic gear pumps and motors for industrial machinery.

Hydraulic Gear Pump Regional Insights

By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The North American Hydraulic Gear Pump Market area will dominate this market, because of the growing need for hydraulic gear pumps in industries such as construction, mining, and material handling equipment.

Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure2: Hydraulic Gear Pump Market Share By Region 2022 (USD Billion)

Global Hydraulic Gear Pump Market Share By Region 2022

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Europe Hydraulic Gear Pump Market accounts for the second-largest market share due to rising utilization of hydraulic gear pumps in the region.  Further, the German Hydraulic Gear Pump Market held the largest market share, and the UK Hydraulic Gear Pump Market was the fastest growing market in the European region

The Asia-Pacific Hydraulic Gear Pump Market is expected to grow at the fastest CAGR from 2023 to 2032. This is due to the existence of various construction equipment, material handling equipment, and construction equipment manufacturing plants. Moreover, China’s Hydraulic Gear Pump Market held the largest market share, and the Indian Hydraulic Gear Pump Market was the fastest growing market in the Asia-Pacific region.

Hydraulic Gear Pump Key Market Players & Competitive Insights

Leading market players are investing heavily in research and development in order to expand their product lines, which will help the Hydraulic Gear Pump Market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, Hydraulic Gear pump industry must offer cost-effective items.

Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the global Hydraulic Gear Pump industry to benefit clients and increase the market sector. In recent years, the Hydraulic Gear Pump industry has offered some of the most significant advantages to medicine. Major players in the Hydraulic Gear Pump Market, including MANN+HUMMEL (Germany), NGK Insulators, LTD. (Japan), Denso (Japan), Donaldson Company Inc. (US), BASF (Germany), Continental AG (Germany) and others, are attempting to increase market demand by investing in research and development operations.

Motion, originally known as Motion Industries, Inc., is an American distributor of industrial parts and industrial technology based in Birmingham, Alabama. Since 1972, it has been a completely owned subsidiary of Genuine Parts Company. In June 2022, Motion Industries Inc. has launched Mi Fluid Power Solutions, its fluid power business brand. The company will concentrate on hydraulics, pneumatics, lubrication, filtration, process pumps, precision industrial machining, and factory automation solutions.

Daikin Industries, Ltd. is an Osaka-based Japanese multinational firm. Daikin is the world's largest maker of air conditioners. In March 2021, Daikin Industries, Ltd. purchased Duplomatic MS S.p.A, an Italian maker of hydraulic equipment. The acquisition contributes to the integration of hydraulic equipments in the field of industrial equipment in Europe by partnering with the business environmental technologies to reduce environmental burden, thereby contributing to a sustainable society.

Key Companies in the Hydraulic Gear Pump market include

  • Linde Hydraulics GmbH & Co. Kg (Germany)

  • Bosch Rexroth AG (Germany)

  • Eaton Corporation Plc (Republic of Ireland)

  • Kawasaki Heavy Industries Ltd (Japan)

  • Bucher Hydraulics GmbH (Switzerland)

  • Parker Hannifin Corp (US)

  • Dynamatic Technologies Limited (India)

  • HYDAC(Germany)

  • Sapricon Hydraulic Industries(India)

  • Gemma Automotive (Turkey)

  • Marzocchi Pompe S.p.A. (Italy)

  • Daikin Industries Ltd. (Japan)

Hydraulic Gear Pump Industry Developments

July 2022, Bungartz, a German manufacturer, debuted a rotating piston pump at ACHEMA. The design, in which the outer shaft torque is communicated to the pistons via magnets, decreases the pump's maintenance requirements. The novel pump has a wide range of applications, including the pumping of poisonous, corrosive, or viscous liquids.

April 2020, Gardner Denver High-Pressure Solutions (VX) introduced the Gardner Denver VX Hydraulic Fracturing Pump Fluid End, a novel, cost-effective next-generation fluid end. The lightweight VX fluid end has been created for use with GD-2500Q hydraulic fracturing pumps to replace the larger and heavier Gardner Denver SGWS fluid end.

June 2019, HOMA PumpenfabrikGmbh, a submersible pump manufacturer, discovered a new submersible motor agitator with an upgraded propeller hub to eliminate dead flow zones and prevent clogging.

Hydraulic Gear Pump Market Segmentation:

Hydraulic Gear Pump Market By Product Type Outlook

  • External Gear Pump

  • Internal Gear Pump

Hydraulic Gear Pump Market By Operating Pressure Outlook

  • Less than 100 Bar

  • 100–300 Bar

  • Above 300 Bar

Hydraulic Gear Pump Market By Application Outlook

  • Transmission/Clutches

  • Electrohydraulic Powered Steering

  • Hybrid Propulsion

  • Lifting Application

Hydraulic Gear Pump Market By Distribution Channel Outlook 

  • Original Equipment Manufacturer (OEM)

  • Aftermarket

Hydraulic Gear Pump Regional Outlook

  • North America

    • US

    • Canada

  • Europe

    • Germany

    • France

    • UK

    • Italy

    • Spain

    • Rest of Europe

  • Asia-Pacific

    • China

    • Japan

    • India

    • Australia

    • South Korea

    • Australia

    • Rest of Asia-Pacific

  • Rest of the World

    • Middle East

    • Africa

    • Latin America

Report Attribute/Metric Details
Market Size2022 USD 8.9Billion
Market Size 2023 USD 9.2Billion
Market Size2032 USD 12.6 Billion
Compound Annual Growth Rate (CAGR) 4.00% (2023-2032)
Base Year 2022
Market Forecast Period 2023-2032
Historical Data 2018- 2022
Market Forecast Units Value (USD Billion)
Report Coverage Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
Segments Covered Product Type, Operating Pressure, Application, Distribution Channel and Region
Geographies Covered North America, Europe, AsiaPacific, and the Rest of the World
Countries Covered The US, Canada, German, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil
Key Companies Profiled Delphi (US), Tenneco Inc. (US), Faurecia (France), Johnson Matthey (UK), Bosal International (Belgium). MANN+HUMMEL (Germany), NGK Insulators, LTD. (Japan), Denso (Japan), Donaldson Company Inc. (US), BASF (Germany), Continental AG (Germany)
Key Market Opportunities Rising purchasing power and rapidly expanding middle classes in developing countries
Key Market Dynamics Rising need for energy-efficient solutions

Frequently Asked Questions (FAQ) :

The Hydraulic Gear Pump Market size was valued at USD 8.9Billion in 2022.

The global market is projected to grow at a CAGR of 4.00% during the forecast period, 2023-2032.

North America had the largest share in the global market

The key players in the market are MANN+HUMMEL (Germany), NGK Insulators, LTD. (Japan), Denso (Japan), Donaldson Company Inc. (US), BASF (Germany), Continental AG (Germany).

The external category dominated the market in 2022.

The original equipment manufacturer (OEM)had the largest share in the global market.

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