Hydraulic Gear Pump Market

Hydraulic Gear Pump Market Analysis by External Pumps and Internal Pumps for Construction, Mining, Automotive, Material Handling, Off-Highway Vehicles, and Processing Industry from 2023 to 2033

Analysis of Hydraulic Gear Pump Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more

Hydraulic Gear Pump Market Outlook (2023 to 2033)

The global hydraulic gear pump market is valued at US$ 1.95 billion in 2023 and is forecasted to reach US$ 3 billion by 2033. According to Fact.MR analysis, worldwide sales of hydraulic gear pumps are projected to increase at a CAGR of 4.4% from 2023 to 2033.

Hydraulic gear pumps are essential components in various industrial and mobile hydraulic systems. These mechanical devices are responsible for converting mechanical power into hydraulic energy by displacing fluids. They play a crucial role in powering hydraulic machinery, providing the force necessary to operate various applications, from construction equipment to industrial machinery.

To ensure the longevity and efficient operation of hydraulic gear pumps, regular maintenance is essential. This includes monitoring fluid levels, checking for leaks, and changing filters and seals as needed. External and internal are two types of hydraulic gear pumps. External gears are located outside the pump housing. They are known for their simplicity, high efficiency, and the ability to handle a wide range of viscosities. While internal gear pumps are placed inside the housing. They are often used in applications that require higher pressures and better resistance to contamination.

An overall increase in industrial activity and the expansion of various sectors, such as manufacturing, construction, and agriculture, is driving the demand for external hydraulic systems. In regions experiencing a construction boom, such as infrastructure development, and commercial and residential construction, the need for hydraulic systems and gear pumps to power heavy machinery such as excavators and cranes is rising significantly.

Manufacturing industries continuously seek automation and efficiency. External gear pumps are used in many manufacturing applications, such as injection molding and metal forming machines. The growing investments by manufacturers in upgrading their equipment are boosting the sales of gear pumps.

The automotive industry utilizes external gear pumps in power steering systems and automatic transmissions. As the automotive sector evolves and develops more fuel-efficient and advanced vehicles, the demand for gear pumps is predicted to increase during the next 10 years.

Report Attributes Details
Hydraulic Gear Pump Market Size (2023E) US$ 1.95 Billion
Forecasted Market Value (2033F) US$ 3 Billion
Global Market Growth Rate (2023 to 2033) 4.4% CAGR
Leading Regional Market North America
Key Companies Profiled
  • Eaton Corporation Plc
  • Parker Hannifin Corporation
  • Bucher Hydraulics Gmbh
  • KYB Corporation
  • Bosch Rexroth AG
  • Dynamatic Technologies Ltd
  • Linde Hydraulics GmbH & Co.KG
  • Roper Pump Company
  • Kawasaki Heavy Industries, Ltd.
  • Concentric AB
  • Viking Pump Inc
  • Settima Meccanica Srl

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Why are Hydraulic Gear Pumps Exhibiting Steady Demand Growth?

“Ongoing Infrastructural Development Projects Globally Driving Demand for Hydraulic Gear Pumps”

Ongoing infrastructure development projects in emerging economies, as well as the need for refurbishing existing infrastructure in developed countries, are having a profound impact on the hydraulic gear pump market. Emerging economies are witnessing rapid urbanization and industrialization. This urban expansion requires the construction of roads, bridges, buildings, and utilities, all of which depend on hydraulic systems. Hydraulic gear pumps play a pivotal role in powering heavy machinery such as cranes, excavators, and bulldozers, enabling the construction of critical infrastructure.

In developed countries, the focus often shifts from new infrastructure development to infrastructure maintenance and revitalization. Aging bridges, roads, and utilities require upgrading and repair. Hydraulic gear pumps are essential for the heavy machinery involved in these refurbishment projects.

Many emerging economies are expanding their energy sectors, including the construction of power plants, refineries, and pipelines. Hydraulic gear pumps are crucial for hydraulic fracturing equipment, which is used in the extraction of oil and natural gas, as well as in renewable energy projects such as hydropower plants.

In developed countries, there's a growing emphasis on energy efficiency and reducing the environmental impact of infrastructure and industrial processes. This is leading to the adoption of more advanced and efficient hydraulic gear pumps that contribute to sustainability goals. Thus, the ongoing infrastructure development and refurbishment projects in both emerging and developed economies are a driving force behind the hydraulic gear pump sales.

“Technological Advancements in Hydraulic Gear Pumps Enhancing Efficiency and Reliability”

Advancements in hydraulic gear pump technology are ushering in a new era of efficiency and reliability, transforming hydraulic systems in various industries. These innovations span across materials, design techniques, and manufacturing processes, leading to hydraulic gear pumps that offer significantly higher performance and longer lifespans.

Modern hydraulic gear pumps benefit from the use of advanced materials that enhance their durability and overall performance. The gears and housing of hydraulic gear pumps are often constructed using advanced alloy materials, such as hardened steel or high-strength aluminum. These alloys provide greater wear resistance and extended operational life, even in demanding environments.

Some hydraulic gear pumps incorporate polymer composite materials, which offer benefits such as reduced weight, corrosion resistance, and noise reduction. These materials contribute to quieter and more efficient operations. Advanced design tools and software enable engineers to create gear pump designs with exceptional precision. This results in reduced internal friction, smoother operation, and improved volumetric efficiency.

Integration of hydraulic gear pumps with digital control systems and the Internet of Things (IoT) represents a significant leap in the efficiency, reliability, and sustainability of hydraulic systems. This technological fusion empowers industries with remote monitoring, predictive maintenance, and real-time data analysis, fundamentally transforming the way hydraulic gear pumps are utilized.

Precision machining techniques and tight tolerances in the manufacturing process result in gear pumps with smoother gear meshing and reduced internal friction. This not only enhances efficiency but also extends the lifespan of the pump. Thus, the continuous evolution of hydraulic gear pump technology is augmenting market growth.

Hydraulic Gear Pump Market Size, Share, Trends, Growth, Demand and Sales Forecast Report by Fact.MR

What’s Dampening the Sales Graph of Hydraulic Gear Pump Suppliers?

“Cost-Sensitive Industries Witnessing Negative Impact of Stringent Environmental Regulations”

While stringent environmental regulations play a crucial role in promoting sustainability and reducing environmental harm, they can also have negative consequences for cost-sensitive industries, particularly those reliant on hydraulic gear pumps. The adoption of more expensive, eco-friendly hydraulic gear pumps can be a significant challenge for these industries.

Cost-sensitive industries, already operating on tight budgets, cannot be forced to allocate a more substantial portion of their capital toward upgrading to eco-friendly hydraulic gear pumps. These pumps often come with a higher upfront cost due to advanced materials and technologies, which can strain the financial resources of these industries.

Increased costs associated with eco-friendly hydraulic gear pumps can lead to reduced profit margins for cost-sensitive industries. When businesses are unable to pass on these additional expenses to customers, it erodes profitability, making it harder for them to remain competitive.

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What Tactics Can Companies Resort to and Gain a Competitive Edge?

“Niche Specialization and Competitive Pricing Wining Cards for Start-ups”

Success in the hydraulic gear pump market for newcomers often requires a combination of innovation, market research, customer engagement, and a commitment to delivering high-quality products and services. By implementing these strategies, new companies can position themselves for growth and profitability in this competitive industry.

Focusing on a specific niche or application within the hydraulic gear pump market can help newcomers establish themselves more quickly. By becoming experts in a particular area, they can cater to a specific customer base and provide specialized solutions.

Offering competitive pricing can be an effective strategy for newcomers to capture market share. While cost leadership is challenging, finding ways to streamline production and reduce costs can be a long-term advantage.

Country-wise Analysis

As per this detailed study by Fact.MR, a market research and competitive intelligence provider, the hydraulic gear pump sales in the United States, Germany, and Japan are primarily driven by the growing infrastructural development projects, manufacturing, and the adoption of automation and advanced technologies.

Why are Hydraulic Gear Pump Producers Thriving in the United States?

“Hydraulic Gear Pumps Heart of America’s Manufacturing Units”

The United States is investing significantly in infrastructure projects, driven by the need to upgrade aging infrastructure. This is leading to a growing demand for hydraulic gear pumps, which are essential in construction and maintenance machinery.

The manufacturing sector in the United States is experiencing a resurgence, and hydraulic gear pumps are integral to various manufacturing processes. As industries expand and modernize, the demand for hydraulic gear pumps is forecasted to increase in the coming decade.

How are Sales of Hydraulic Gear Pumps Growing in Germany?

“Innovation of Eco-friendly Hydraulic Gear Pumps”

Germany is known for its strong manufacturing and engineering capabilities. The country's industrial prowess is driving the demand for hydraulic gear pumps, which are vital components in manufacturing machinery.

Germany's commitment to sustainability and eco-friendly technologies is also leading to the adoption of energy-efficient hydraulic gear pumps. These pumps align effectively with the country's environmental goals.

What is Driving Hydraulic Gear Pump Demand in Japan?

“Hydraulic Gear Pumps Crucial in Quality Assurance Processes”

Japan's heavy machinery and industrial equipment sectors rely on hydraulic gear pumps to power construction and manufacturing machinery. The country's advanced technologies and automation are driving hydraulic gear pump sales growth.

Japanese manufacturing is renowned for its precision and quality. Hydraulic gear pumps are a critical component in maintaining these standards, resulting in a consistent demand.

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Category-wise Analysis

Demand for hydraulic gear pumps in the aerospace and defense sector is increasing due to their unique combination of reliability, precision, lightweight design, and ability to withstand harsh conditions.

Why are Hydraulic Gear Pumps Widely Deployed in the Aerospace and Defense Sectors?

“Hydraulic Gear Pumps Powering Precision in Aircraft and More”

Hydraulic gear pumps serve as indispensable components within the field of aerospace and defense, finding crucial roles in a diverse array of applications spanning aircraft, helicopters, missiles, and armored vehicles. These pumps serve as the lifeblood of hydraulic power, enabling the seamless operation of essential functions such as landing gears, control surfaces, braking systems, weapon systems, and more. Consequently, the continuous advancements in aircraft production are becoming a potent catalyst directly propelling the sales of hydraulic gear pumps.

Competitive Landscape

Key manufacturers of hydraulic gear pumps are focusing on long-term supply contracts and the launch of new products to solidify their foothold in the global market space. Also, producers of hydraulic gear pumps maintain a comprehensive stock holding of spares, which helps them to offer additional value to their customers.

Leading companies are also focusing on offering custom hydraulic pump designs and manufacturing to serve diverse customer requirements.

  • In a significant collaboration in April 2023, Airbus Defence and Space, in partnership with Liebherr-Aerospace, inked a groundbreaking contract. This strategic agreement paves the way for the joint development and production of critical components such as hydraulic gears and systems for the European medium-altitude, long-range Eurodrone Remote Piloted Air System (RPAS).

Key Segments of Hydraulic Gear Pump Market Research

  • By Type :

    • External
    • Internal
  • By Operating Pressure :

    • Up to 15 Bar
    • 15 to 50 Bar
    • 50 to 150 Bar
    • 150 to 250 Bar
    • 250 to 300 Bar
    • More than 300 Bar
  • By End Use :

    • Construction Equipment
    • Mining Equipment
    • Automotive
    • Material Handling Equipment
    • Off-Highway Vehicles
    • Processing Industry
      • Chemicals
      • Petrochemicals
      • Oil & Gas Refineries
  • By Region :

    • North America
    • Latin America
    • Europe
    • East Asia
    • South Asia & Oceania
    • Middle East & Africa

- FAQs -

What is the size of the hydraulic gear pump market in 2023?

The global hydraulic gear pump market is valued at US$ 1.95 billion in 2023.

How much is the estimated CAGR for the hydraulic gear pump market?

Global demand for hydraulic gear pumps is projected to increase at a CAGR of 4.4% from 2023 to 2033.

What is the projected value of the global market for 2033?

Worldwide hydraulic gear pump sales are forecasted to reach US$ 3 billion by 2033.

Why type of hydraulic gear pump is widely popular?

Automotive industries are major users of external pumps due to their efficient operations.

Who are the top hydraulic gear pump manufacturers?

Leading manufacturers of hydraulic gear pumps are Eaton Corporation Plc, Bucher Hydraulics Gmbh, and KYB Corporation.

Hydraulic Gear Pump Market

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