Product Code: ETC13276333 | Publication Date: Apr 2025 | Updated Date: Jul 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Vasudha | No. of Pages: 190 | No. of Figures: 80 | No. of Tables: 40 |
According to 6Wresearch internal database and industry insights, the Global Gear Pumps Market was valued at USD 7.4 Billion in 2024 and is expected to reach USD 10.9 Billion by 2031, growing at a compound annual growth rate of 5.80% during the forecast period (2025-2031).
The Global Gear Pumps Market is experiencing steady growth driven by increasing demand from various industries such as automotive, oil & gas, chemical, and food & beverage. Gear pumps are widely used for their ability to handle a wide range of viscosities and pressures, making them ideal for applications requiring precise fluid transfer. The market is also benefiting from technological advancements leading to the development of more efficient and durable gear pump designs. Key players in the global gear pumps market include Bosch Rexroth, Eaton, Parker Hannifin, and Viking Pump. Asia Pacific is expected to dominate the market in terms of both production and consumption due to rapid industrialization and infrastructure development in countries like China and India. Overall, the global gear pumps market is poised for continued growth in the coming years.
The Global Gear Pumps Market is experiencing growth driven by increasing demand from industries such as automotive, oil & gas, and construction. The market is witnessing a shift towards energy-efficient gear pumps to meet sustainability goals. Technological advancements, such as the development of smart gear pumps with IoT capabilities for remote monitoring and control, are creating opportunities for market players to offer innovative solutions. Additionally, the integration of gear pumps in industrial automation systems is expected to drive further market growth. Emerging markets in Asia-Pacific and Latin America present promising opportunities for expansion due to infrastructure development projects. Overall, the Global Gear Pumps Market is poised for steady growth, fueled by the need for reliable and efficient pumping solutions across various industries.
The Global Gear Pumps Market faces several challenges, including intense competition from other pump technologies such as diaphragm and centrifugal pumps, which offer higher efficiency and reliability in certain applications. Additionally, fluctuating raw material prices, particularly for metals like steel and aluminum that are used in gear pump manufacturing, can impact the overall production costs for manufacturers. Another challenge is the need for continuous innovation to meet evolving industry standards and regulations, as well as increasing demand for more energy-efficient and environmentally friendly pump solutions. Moreover, the market is also affected by economic uncertainties, geopolitical factors, and supply chain disruptions which can impact the overall growth and stability of the gear pumps industry.
The Global Gear Pumps Market is being primarily driven by the increasing demand for efficient fluid handling systems across various industries such as automotive, chemical, oil & gas, and manufacturing. Gear pumps are preferred for their ability to provide a steady flow of fluids with high efficiency and reliability, contributing to their widespread adoption in industrial applications. Additionally, the growing focus on reducing energy consumption and operational costs is fueling the demand for gear pumps that offer improved performance and durability. Technological advancements such as the development of smart gear pumps with remote monitoring capabilities are also driving market growth by enhancing operational efficiency and maintenance practices. Overall, the market is expected to continue expanding as industries seek more advanced fluid handling solutions to optimize their processes and enhance productivity.
Government policies related to the global gear pumps market vary by country and region. Generally, regulations focus on ensuring product quality, safety, and environmental sustainability. For example, in the European Union, gear pumps must comply with the CE marking requirements to be sold in the market. Additionally, environmental regulations such as the EU`s Ecodesign Directive aim to promote energy efficiency in industrial equipment, including gear pumps. In the United States, gear pumps may need to meet specific standards set by organizations like the American Petroleum Institute (API) for use in industries such as oil and gas. Overall, government policies in different regions play a crucial role in shaping the manufacturing, distribution, and usage of gear pumps by setting standards and requirements that companies must adhere to.
The Global Gear Pumps Market is expected to witness steady growth in the coming years, driven by increasing demand from industries such as automotive, construction, oil & gas, and chemical processing. Factors contributing to this growth include the rising need for efficient fluid handling solutions, technological advancements in gear pump designs, and the expansion of industrial infrastructure in emerging economies. Additionally, the shift towards more sustainable and energy-efficient pumping systems is likely to create opportunities for market players to innovate and introduce eco-friendly gear pump solutions. However, challenges such as intense competition, fluctuating raw material prices, and stringent regulations regarding pump efficiency and emissions control may impact the market`s growth trajectory. Overall, the Global Gear Pumps Market is poised for expansion, supported by ongoing industrial development and the adoption of advanced pumping technologies.
In the Global Gear Pumps Market, Asia is expected to witness significant growth due to the expanding manufacturing sector in countries like China and India. North America is projected to maintain a strong market position driven by the presence of key players and technological advancements. Europe is anticipated to show steady growth supported by the automotive and industrial sectors. The Middle East and Africa region is likely to experience moderate growth due to increasing investments in infrastructure development. Latin America is expected to witness growth opportunities in sectors such as oil & gas and agriculture. Overall, the global gear pumps market is forecasted to see growth across all regions with varying degrees of market dynamics and drivers.
Global Gear Pumps 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 Gear Pumps Market Overview |
3.1 Global Regional Macro Economic Indicators |
3.2 Global Gear Pumps Market Revenues & Volume, 2021 & 2031F |
3.3 Global Gear Pumps Market - Industry Life Cycle |
3.4 Global Gear Pumps Market - Porter's Five Forces |
3.5 Global Gear Pumps Market Revenues & Volume Share, By Regions, 2021 & 2031F |
3.6 Global Gear Pumps Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.7 Global Gear Pumps Market Revenues & Volume Share, By End-user Industry, 2021 & 2031F |
4 Global Gear Pumps Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Global Gear Pumps Market Trends |
6 Global Gear Pumps Market, 2021 - 2031 |
6.1 Global Gear Pumps Market, Revenues & Volume, By Type, 2021 - 2031 |
6.1.1 Overview & Analysis |
6.1.2 Global Gear Pumps Market, Revenues & Volume, By External Gear Pumps, 2021 - 2031 |
6.1.3 Global Gear Pumps Market, Revenues & Volume, By Internal Gear Pumps, 2021 - 2031 |
6.2 Global Gear Pumps Market, Revenues & Volume, By End-user Industry, 2021 - 2031 |
6.2.1 Overview & Analysis |
6.2.2 Global Gear Pumps Market, Revenues & Volume, By Oil & Gas, 2021 - 2031 |
6.2.3 Global Gear Pumps Market, Revenues & Volume, By Chemical & Petrochemical, 2021 - 2031 |
6.2.4 Global Gear Pumps Market, Revenues & Volume, By Food & Beverage, 2021 - 2031 |
6.2.5 Global Gear Pumps Market, Revenues & Volume, By Water & Wastewater, 2021 - 2031 |
6.2.6 Global Gear Pumps Market, Revenues & Volume, By Power Generation, 2021 - 2031 |
6.2.7 Global Gear Pumps Market, Revenues & Volume, By Metal & Mining, 2021 - 2031 |
6.2.8 Global Gear Pumps Market, Revenues & Volume, By Pulp & Paper, 2021 - 2031 |
6.3.1 Overview & Analysis |
7 North America Gear Pumps Market, Overview & Analysis |
7.1 North America Gear Pumps Market Revenues & Volume, 2021 - 2031 |
7.2 North America Gear Pumps Market, Revenues & Volume, By Countries, 2021 - 2031 |
7.2.1 United States (US) Gear Pumps Market, Revenues & Volume, 2021 - 2031 |
7.2.2 Canada Gear Pumps Market, Revenues & Volume, 2021 - 2031 |
7.2.3 Rest of North America Gear Pumps Market, Revenues & Volume, 2021 - 2031 |
7.3 North America Gear Pumps Market, Revenues & Volume, By Type, 2021 - 2031 |
7.4 North America Gear Pumps Market, Revenues & Volume, By End-user Industry, 2021 - 2031 |
8 Latin America (LATAM) Gear Pumps Market, Overview & Analysis |
8.1 Latin America (LATAM) Gear Pumps Market Revenues & Volume, 2021 - 2031 |
8.2 Latin America (LATAM) Gear Pumps Market, Revenues & Volume, By Countries, 2021 - 2031 |
8.2.1 Brazil Gear Pumps Market, Revenues & Volume, 2021 - 2031 |
8.2.2 Mexico Gear Pumps Market, Revenues & Volume, 2021 - 2031 |
8.2.3 Argentina Gear Pumps Market, Revenues & Volume, 2021 - 2031 |
8.2.4 Rest of LATAM Gear Pumps Market, Revenues & Volume, 2021 - 2031 |
8.3 Latin America (LATAM) Gear Pumps Market, Revenues & Volume, By Type, 2021 - 2031 |
8.4 Latin America (LATAM) Gear Pumps Market, Revenues & Volume, By End-user Industry, 2021 - 2031 |
9 Asia Gear Pumps Market, Overview & Analysis |
9.1 Asia Gear Pumps Market Revenues & Volume, 2021 - 2031 |
9.2 Asia Gear Pumps Market, Revenues & Volume, By Countries, 2021 - 2031 |
9.2.1 India Gear Pumps Market, Revenues & Volume, 2021 - 2031 |
9.2.2 China Gear Pumps Market, Revenues & Volume, 2021 - 2031 |
9.2.3 Japan Gear Pumps Market, Revenues & Volume, 2021 - 2031 |
9.2.4 Rest of Asia Gear Pumps Market, Revenues & Volume, 2021 - 2031 |
9.3 Asia Gear Pumps Market, Revenues & Volume, By Type, 2021 - 2031 |
9.4 Asia Gear Pumps Market, Revenues & Volume, By End-user Industry, 2021 - 2031 |
10 Africa Gear Pumps Market, Overview & Analysis |
10.1 Africa Gear Pumps Market Revenues & Volume, 2021 - 2031 |
10.2 Africa Gear Pumps Market, Revenues & Volume, By Countries, 2021 - 2031 |
10.2.1 South Africa Gear Pumps Market, Revenues & Volume, 2021 - 2031 |
10.2.2 Egypt Gear Pumps Market, Revenues & Volume, 2021 - 2031 |
10.2.3 Nigeria Gear Pumps Market, Revenues & Volume, 2021 - 2031 |
10.2.4 Rest of Africa Gear Pumps Market, Revenues & Volume, 2021 - 2031 |
10.3 Africa Gear Pumps Market, Revenues & Volume, By Type, 2021 - 2031 |
10.4 Africa Gear Pumps Market, Revenues & Volume, By End-user Industry, 2021 - 2031 |
11 Europe Gear Pumps Market, Overview & Analysis |
11.1 Europe Gear Pumps Market Revenues & Volume, 2021 - 2031 |
11.2 Europe Gear Pumps Market, Revenues & Volume, By Countries, 2021 - 2031 |
11.2.1 United Kingdom Gear Pumps Market, Revenues & Volume, 2021 - 2031 |
11.2.2 Germany Gear Pumps Market, Revenues & Volume, 2021 - 2031 |
11.2.3 France Gear Pumps Market, Revenues & Volume, 2021 - 2031 |
11.2.4 Rest of Europe Gear Pumps Market, Revenues & Volume, 2021 - 2031 |
11.3 Europe Gear Pumps Market, Revenues & Volume, By Type, 2021 - 2031 |
11.4 Europe Gear Pumps Market, Revenues & Volume, By End-user Industry, 2021 - 2031 |
12 Middle East Gear Pumps Market, Overview & Analysis |
12.1 Middle East Gear Pumps Market Revenues & Volume, 2021 - 2031 |
12.2 Middle East Gear Pumps Market, Revenues & Volume, By Countries, 2021 - 2031 |
12.2.1 Saudi Arabia Gear Pumps Market, Revenues & Volume, 2021 - 2031 |
12.2.2 UAE Gear Pumps Market, Revenues & Volume, 2021 - 2031 |
12.2.3 Turkey Gear Pumps Market, Revenues & Volume, 2021 - 2031 |
12.3 Middle East Gear Pumps Market, Revenues & Volume, By Type, 2021 - 2031 |
12.4 Middle East Gear Pumps Market, Revenues & Volume, By End-user Industry, 2021 - 2031 |
13 Global Gear Pumps Market Key Performance Indicators |
14 Global Gear Pumps Market - Export/Import By Countries Assessment |
15 Global Gear Pumps Market - Opportunity Assessment |
15.1 Global Gear Pumps Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Global Gear Pumps Market Opportunity Assessment, By Type, 2021 & 2031F |
15.3 Global Gear Pumps Market Opportunity Assessment, By End-user Industry, 2021 & 2031F |
16 Global Gear Pumps Market - Competitive Landscape |
16.1 Global Gear Pumps Market Revenue Share, By Companies, 2024 |
16.2 Global Gear Pumps Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Top 10 Company Profiles |
18 Recommendations |
19 Disclaimer |