| Product Code: ETC13280597 | Publication Date: Apr 2025 | Updated Date: Jul 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 190 | No. of Figures: 80 | No. of Tables: 40 |
According to 6Wresearch internal database and industry insights, the Global External Gear Pump Market was valued at USD 1.1 Billion in 2024 and is expected to reach USD 1.8 Billion by 2031, growing at a compound annual growth rate of 10.20% during the forecast period (2025-2031).
The global external gear pump market is witnessing steady growth driven by factors such as increasing demand from various industries including automotive, oil & gas, chemical, and food & beverage. External gear pumps are known for their efficiency, reliability, and ability to handle a wide range of viscosities, making them popular in a variety of applications. Technological advancements leading to the development of more efficient and durable external gear pumps are further fueling market expansion. Additionally, the rising focus on improving operational efficiencies and reducing energy consumption in industrial processes is boosting the adoption of external gear pumps globally. The market is characterized by intense competition among key players such as Bosch Rexroth AG, Eaton Corporation, Parker Hannifin Corporation, and others, who are constantly innovating to gain a competitive edge.
The Global External Gear Pump Market is witnessing a growing demand due to its efficient and reliable performance in various industrial applications such as automotive, oil & gas, chemical, and manufacturing. The market is experiencing a trend towards the development of advanced gear pump technologies to enhance operational efficiency and reduce maintenance costs. Opportunities in the market are driven by the increasing adoption of external gear pumps in emerging economies, the rising focus on energy efficiency, and the expanding scope of applications in industries like food and beverage and pharmaceuticals. Additionally, the market is benefiting from the growing investments in infrastructure development and the push towards sustainability, which is driving the demand for more eco-friendly gear pump solutions. Manufacturers are focusing on product innovations and strategic partnerships to capitalize on these trends and opportunities in the global external gear pump market.
In the Global External Gear Pump Market, challenges include intense competition among key players leading to price wars, which can impact profit margins. Additionally, the market is highly dependent on industries such as automotive, oil & gas, and manufacturing, making it susceptible to fluctuations in these sectors. Technological advancements and the need for continuous innovation to meet changing customer requirements pose another challenge for companies operating in this market. Furthermore, issues related to product reliability, efficiency, and maintenance can also impact the overall growth and sustainability of the external gear pump market. Overall, companies in this market need to navigate these challenges effectively to stay competitive and maintain their market position.
The Global External Gear Pump Market is primarily driven by the increasing demand for these pumps in various industries such as automotive, oil & gas, chemical, and food & beverage due to their efficiency, reliability, and versatility. The growing adoption of external gear pumps for applications such as lubrication, hydraulic systems, and fluid transfer is fueling market growth. Additionally, the rising focus on energy efficiency and the need for cost-effective pumping solutions are further driving the market. Technological advancements leading to the development of innovative gear pump designs with improved performance characteristics are also contributing to market expansion. Moreover, the increasing investments in industrial infrastructure and ongoing developments in emerging economies are expected to provide lucrative opportunities for market growth in the coming years.
Government policies impacting the Global External Gear Pump Market include regulations on energy efficiency and emissions standards, particularly in industries such as oil & gas, automotive, and manufacturing. These policies aim to promote the use of more efficient and environmentally friendly gear pump technologies, driving demand for advanced gear pumps with higher efficiency ratings. Additionally, trade policies and tariffs can also impact market dynamics by influencing the cost of raw materials and components used in gear pump manufacturing. Companies operating in the global external gear pump market need to stay informed about these evolving government policies to ensure compliance and adapt their strategies to meet changing regulatory requirements.
The Global External Gear Pump Market is expected to witness steady growth in the coming years, driven by increasing demand from various industries such as automotive, oil & gas, and chemical processing. Factors such as the rising need for efficient fluid handling systems, technological advancements leading to improved pump performance, and the growing emphasis on energy efficiency are expected to fuel market growth. Additionally, the expansion of industrial infrastructure in emerging economies and the increasing adoption of external gear pumps in various applications are likely to contribute to market expansion. However, challenges such as pricing pressure and competition from alternative pump technologies may hinder market growth to some extent. Overall, the Global External Gear Pump Market is poised for a positive outlook with opportunities for innovation and market expansion.
In the Global External Gear Pump Market, Asia is expected to witness significant growth due to the expanding industrial sector in emerging economies like China and India. North America is projected to experience steady growth driven by the presence of key market players and technological advancements in the region. In Europe, the market is likely to grow steadily, supported by the increasing adoption of external gear pumps in various industries. The Middle East and Africa region is expected to show moderate growth due to infrastructural developments and investments in the oil and gas sector. Latin America is anticipated to witness a gradual rise in demand for external gear pumps, driven by the growth of industries such as automotive and manufacturing in countries like Brazil and Mexico.
Global External Gear Pump Market |
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Global External Gear Pump Market Overview |
3.1 Global Regional Macro Economic Indicators |
3.2 Global External Gear Pump Market Revenues & Volume, 2021 & 2031F |
3.3 Global External Gear Pump Market - Industry Life Cycle |
3.4 Global External Gear Pump Market - Porter's Five Forces |
3.5 Global External Gear Pump Market Revenues & Volume Share, By Regions, 2021 & 2031F |
3.6 Global External Gear Pump Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.7 Global External Gear Pump Market Revenues & Volume Share, By End Use, 2021 & 2031F |
4 Global External Gear Pump Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Global External Gear Pump Market Trends |
6 Global External Gear Pump Market, 2021 - 2031 |
6.1 Global External Gear Pump Market, Revenues & Volume, By Product Type, 2021 - 2031 |
6.1.1 Overview & Analysis |
6.1.2 Global External Gear Pump Market, Revenues & Volume, By Motorless, 2021 - 2031 |
6.1.3 Global External Gear Pump Market, Revenues & Volume, By Electric, 2021 - 2031 |
6.1.4 Global External Gear Pump Market, Revenues & Volume, By Two Shaft, 2021 - 2031 |
6.2 Global External Gear Pump Market, Revenues & Volume, By End Use, 2021 - 2031 |
6.2.1 Overview & Analysis |
6.2.2 Global External Gear Pump Market, Revenues & Volume, By Construction, 2021 - 2031 |
6.2.3 Global External Gear Pump Market, Revenues & Volume, By Chemical Processing, 2021 - 2031 |
6.2.4 Global External Gear Pump Market, Revenues & Volume, By Material Handling, 2021 - 2031 |
6.2.5 Global External Gear Pump Market, Revenues & Volume, By Mining, 2021 - 2031 |
6.2.6 Global External Gear Pump Market, Revenues & Volume, By Automotive Manufacturing, 2021 - 2031 |
6.2.7 Global External Gear Pump Market, Revenues & Volume, By Others, 2021 - 2031 |
6.3.1 Overview & Analysis |
7 North America External Gear Pump Market, Overview & Analysis |
7.1 North America External Gear Pump Market Revenues & Volume, 2021 - 2031 |
7.2 North America External Gear Pump Market, Revenues & Volume, By Countries, 2021 - 2031 |
7.2.1 United States (US) External Gear Pump Market, Revenues & Volume, 2021 - 2031 |
7.2.2 Canada External Gear Pump Market, Revenues & Volume, 2021 - 2031 |
7.2.3 Rest of North America External Gear Pump Market, Revenues & Volume, 2021 - 2031 |
7.3 North America External Gear Pump Market, Revenues & Volume, By Product Type, 2021 - 2031 |
7.4 North America External Gear Pump Market, Revenues & Volume, By End Use, 2021 - 2031 |
8 Latin America (LATAM) External Gear Pump Market, Overview & Analysis |
8.1 Latin America (LATAM) External Gear Pump Market Revenues & Volume, 2021 - 2031 |
8.2 Latin America (LATAM) External Gear Pump Market, Revenues & Volume, By Countries, 2021 - 2031 |
8.2.1 Brazil External Gear Pump Market, Revenues & Volume, 2021 - 2031 |
8.2.2 Mexico External Gear Pump Market, Revenues & Volume, 2021 - 2031 |
8.2.3 Argentina External Gear Pump Market, Revenues & Volume, 2021 - 2031 |
8.2.4 Rest of LATAM External Gear Pump Market, Revenues & Volume, 2021 - 2031 |
8.3 Latin America (LATAM) External Gear Pump Market, Revenues & Volume, By Product Type, 2021 - 2031 |
8.4 Latin America (LATAM) External Gear Pump Market, Revenues & Volume, By End Use, 2021 - 2031 |
9 Asia External Gear Pump Market, Overview & Analysis |
9.1 Asia External Gear Pump Market Revenues & Volume, 2021 - 2031 |
9.2 Asia External Gear Pump Market, Revenues & Volume, By Countries, 2021 - 2031 |
9.2.1 India External Gear Pump Market, Revenues & Volume, 2021 - 2031 |
9.2.2 China External Gear Pump Market, Revenues & Volume, 2021 - 2031 |
9.2.3 Japan External Gear Pump Market, Revenues & Volume, 2021 - 2031 |
9.2.4 Rest of Asia External Gear Pump Market, Revenues & Volume, 2021 - 2031 |
9.3 Asia External Gear Pump Market, Revenues & Volume, By Product Type, 2021 - 2031 |
9.4 Asia External Gear Pump Market, Revenues & Volume, By End Use, 2021 - 2031 |
10 Africa External Gear Pump Market, Overview & Analysis |
10.1 Africa External Gear Pump Market Revenues & Volume, 2021 - 2031 |
10.2 Africa External Gear Pump Market, Revenues & Volume, By Countries, 2021 - 2031 |
10.2.1 South Africa External Gear Pump Market, Revenues & Volume, 2021 - 2031 |
10.2.2 Egypt External Gear Pump Market, Revenues & Volume, 2021 - 2031 |
10.2.3 Nigeria External Gear Pump Market, Revenues & Volume, 2021 - 2031 |
10.2.4 Rest of Africa External Gear Pump Market, Revenues & Volume, 2021 - 2031 |
10.3 Africa External Gear Pump Market, Revenues & Volume, By Product Type, 2021 - 2031 |
10.4 Africa External Gear Pump Market, Revenues & Volume, By End Use, 2021 - 2031 |
11 Europe External Gear Pump Market, Overview & Analysis |
11.1 Europe External Gear Pump Market Revenues & Volume, 2021 - 2031 |
11.2 Europe External Gear Pump Market, Revenues & Volume, By Countries, 2021 - 2031 |
11.2.1 United Kingdom External Gear Pump Market, Revenues & Volume, 2021 - 2031 |
11.2.2 Germany External Gear Pump Market, Revenues & Volume, 2021 - 2031 |
11.2.3 France External Gear Pump Market, Revenues & Volume, 2021 - 2031 |
11.2.4 Rest of Europe External Gear Pump Market, Revenues & Volume, 2021 - 2031 |
11.3 Europe External Gear Pump Market, Revenues & Volume, By Product Type, 2021 - 2031 |
11.4 Europe External Gear Pump Market, Revenues & Volume, By End Use, 2021 - 2031 |
12 Middle East External Gear Pump Market, Overview & Analysis |
12.1 Middle East External Gear Pump Market Revenues & Volume, 2021 - 2031 |
12.2 Middle East External Gear Pump Market, Revenues & Volume, By Countries, 2021 - 2031 |
12.2.1 Saudi Arabia External Gear Pump Market, Revenues & Volume, 2021 - 2031 |
12.2.2 UAE External Gear Pump Market, Revenues & Volume, 2021 - 2031 |
12.2.3 Turkey External Gear Pump Market, Revenues & Volume, 2021 - 2031 |
12.3 Middle East External Gear Pump Market, Revenues & Volume, By Product Type, 2021 - 2031 |
12.4 Middle East External Gear Pump Market, Revenues & Volume, By End Use, 2021 - 2031 |
13 Global External Gear Pump Market Key Performance Indicators |
14 Global External Gear Pump Market - Export/Import By Countries Assessment |
15 Global External Gear Pump Market - Opportunity Assessment |
15.1 Global External Gear Pump Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Global External Gear Pump Market Opportunity Assessment, By Product Type, 2021 & 2031F |
15.3 Global External Gear Pump Market Opportunity Assessment, By End Use, 2021 & 2031F |
16 Global External Gear Pump Market - Competitive Landscape |
16.1 Global External Gear Pump Market Revenue Share, By Companies, 2024 |
16.2 Global External Gear Pump Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Top 10 Company Profiles |
18 Recommendations |
19 Disclaimer |