Hydraulic Gear Pump Market Top prominent companies business landscapes are dynamic, and success depends on a company's ability to adapt to changing circumstances with respect to regions and countries. Companies that successfully integrate emerging technologies like AI, blockchain, and the IoT into their operations often gain a competitive edge.
*Disclaimer: List of key companies in no particular order
Latest Company Updates:
Competitive Landscape of the Hydraulic Gear Pump Market: Maneuvering for Advantage
As the market navigates this promising trajectory, competition between established players and emerging entrants intensifies, shaping the landscape in dynamic ways.
Key Player Strategies:
Established titans like Bosch Rexroth, Parker Hannifin, and Kawasaki Heavy Industries leverage their extensive experience, global reach, and diverse product portfolios to maintain dominant positions. They prioritize long-term supply contracts with major OEMs, invest heavily in R&D for next-generation technologies, and offer comprehensive after-sales service and support.
Regional players like China Hydraulics International and Sun Hydraulics are carving out significant niches by focusing on cost-competitive offerings and cater to local market specific needs. They often employ flexible manufacturing practices and strategic partnerships with distributors to build strong regional footholds.
Emerging players, primarily technology startups, are disrupting the market by introducing innovative gear pump designs and functionalities. These companies capitalize on advancements in materials science, AI-driven optimization, and digital connectivity to deliver pumps with higher efficiency, reduced noise levels, and enhanced data insights.
Factors for Market Share Analysis:
Product portfolio breadth and depth: Offering a diverse range of pumps catering to various pressure, flow rate, and application requirements is crucial for attracting a wider customer base.
Technological advancements: Early adoption of cutting-edge technologies like variable displacement control, smart pump systems, and energy-efficient materials differentiates leading players.
Geographic presence and distribution network: A robust global footprint with efficient distribution channels ensures timely delivery and market responsiveness.
Brand reputation and customer service: Establishing a strong brand image through consistent quality, reliability, and exceptional customer service fosters customer loyalty.
Pricing strategy and cost competitiveness: Balancing competitive pricing with profitability is vital, especially in cost-sensitive segments.
New and Emerging Trends:
Sustainability focus: Manufacturers are increasingly developing eco-friendly hydraulic gear pumps with reduced energy consumption, biodegradable lubricants, and minimal environmental impact.
Electrification and hybridization: Growing demand for electric and hybrid machinery is driving the development of electrically powered hydraulic pumps, offering improved efficiency and reduced emissions.
Digitalization and IoT integration: Smart pumps equipped with sensors and connectivity features are enabling real-time performance monitoring, predictive maintenance, and remote diagnostics, leading to optimized uptime and reduced operating costs.
Overall Competitive Scenario:
The hydraulic gear pump market is witnessing a dynamic interplay between established players vying to retain dominance, aggressive regional players capturing market share, and innovative startups introducing disruptive technologies. While cost competitiveness remains a crucial factor, technological advancements, sustainability initiatives, and digitalization are becoming new battlegrounds for differentiation. To thrive in this evolving landscape, players must adopt agile strategies, embrace innovation, and cater to the evolving needs of customers across diverse industries. The companies that successfully navigate these trends and deliver value-driven solutions will be well-positioned to capitalize on the market's promising future.
Linde Hydraulics:
•            Date: December 12, 2023
•            Headline: Linde Hydraulics Introduces New High-Performance Gear Pump Series for Mobile Applications (Source: press release)
•            Details: Launched a new series of gear pumps designed for demanding mobile applications like construction equipment and agricultural machinery. The pumps offer higher flow rates, improved efficiency, and extended service life.
Bosch Rexroth:
•            Date: November 15, 2023
•            Headline: Bosch Rexroth Partners with Leading Research Institute to Develop Next-Generation Hydraulic Gear Pump Technology (Source: company website)
•            Details: Announced a collaboration with a research institute to develop new gear pump designs with enhanced efficiency, reduced noise levels, and improved controllability.
Eaton Corporation:
•            Date: October 26, 2023
•            Headline: Eaton Showcases Innovative Hydraulic Gear Pump Solutions at Industry Trade Show (Source: press release)
•            Details: Highlighted its latest advancements in hydraulic gear pump technology at a major industry trade show, including variable displacement pumps for precise flow control and compact pumps for space-constrained applications.
Kawasaki Heavy Industries:
•            Date: September 20, 2023
•            Headline: Kawasaki Develops High-Pressure Hydraulic Gear Pump for Offshore Wind Turbines (Source: company website)
•            Details: Unveiled a new high-pressure gear pump specifically designed for the harsh operating conditions of offshore wind turbines. The pump offers exceptional reliability and durability.
Â
Top listed global companies in the industry are:
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)
Hydraulic Gear Pump Market Size was valued at USD 9.2 Billion in 2023. The Hydraulic Gear Pump Market industry is projected to grow from USD 9.568 Billion in 2024 to USD 12.6 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 3.50% during the forecast period (2024 - 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.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
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.
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.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
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.
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.
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.
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.
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.
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.
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.
© 2024 Market Research Future ® (Part of WantStats Reasearch And Media Pvt. Ltd.)