Global External Gear Pump Market, By Product Type (Motorless, Electric, Two Shaft), End Use (Construction, Chemical Processing, Material Handling, Mining, Automotive Manufacturing, Others) - Industry Trends and Forecast to 2031.
External Gear Pump Market Analysis and Size
The External Gear Pump refers to the collective market space encompassing the production, distribution, and utilization of external gear pumps worldwide. These pumps consist of external gears meshing together to facilitate the transfer of fluids, offering efficient and consistent flow rates across various industrial applications such as automotive, construction, chemical processing, and material handling. This market involves the manufacturing and supply of diverse external gear pump types, including motorless, electric, and two-shaft variants, serving different end-use industries. It also involves aftermarket services, technological advancements, and innovations aimed at enhancing pump efficiency, durability, and compliance with evolving industry regulations.
Data Bridge Market Research analyzes that the global external gear pump market which was USD 238.1 million in 2023, is likely to reach USD 328.9 million by 2031, and is expected to undergo a CAGR of 3.90% during the forecast period. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2024 to 2031
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Base Year
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2023
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Historic Years
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2022 (Customized 2016-2021)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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By Product Type (Motorless, Electric, Two Shaft), End Use (Construction, Chemical Processing, Material Handling, Mining, Automotive Manufacturing, Others)
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Countries Covered
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U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of the Middle East and Africa
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Market Players Covered
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Parker Hannifin Corporation (U.S.), Bosch Rexroth AG (Germany), Eaton Corporation plc (Ireland), Viking Pump, Inc. (U.S.), Permco (U.S.), Fluid-o-Tech S.r.l. (Italy), Tuthill Corporation (U.S.), Kawasaki Heavy Industries, Ltd. (Japan), GemmeCotti S.r.l. (Italy), YU.K.en Kogyo Co., Ltd. (Japan), Danfoss Group (Denmark), Bucher Hydraulics GmbH (Germany), Casappa S.p.A. (Italy), Haight Pumps (U.S.), Rotary Power (U.K.), Dantal Hydraulics Pvt. Ltd. (India), ROTAN Pumpen (Germany), Commercial Shearing, Inc. (CSI) (U.S.), ARGO-HYTOS Group (Germany), Kracht GmbH (Germany)
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Market Opportunities
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Market Definition
An external gear pump is a type of positive displacement pump commonly used to transfer fluids at a consistent and precise flow rate. It operates using two interlocking gears—external to the pump casing—that rotate, drawing fluid in and pushing it out. One gear is driven by a motor or an engine, causing the gears to rotate and create suction, pulling fluid into the pump's cavities. As the gears mesh and rotate, they transfer the fluid from the inlet to the outlet side of the pump.
Global External Gear Pump Market Dynamics
Drivers
- Growing Demand for Manufactured Goods Across Various Sectors
The market is experiencing significant growth due to the escalating demand for manufactured goods spanning diverse industries. This upsurge in demand is primarily fueled by sectors such as automotive, construction, chemical processing, and material handling, where these pumps play a crucial role in facilitating fluid transfer. The increasing need for efficient and reliable pumping solutions to support manufacturing operations is propelling the market, with external gear pumps being integral components across multiple industrial processes, ensuring consistent fluid flow and optimal performance.
- Thriving Construction Industry
The market is experiencing a surge, attributed in part to the flourishing construction industry. These gear pumps play a pivotal role within construction, being fundamental components in machinery and equipment used for tasks like material handling, concrete mixing, and hydraulic systems. The robust demand for gear pumps in construction equipment, due to their reliability, efficiency, and ability to handle various fluids, is a driving force behind the market's growth.
- Growing Agriculture Industry
Gear pumps serve as indispensable components in agricultural machinery, powering various applications like irrigation systems, sprayers, and harvesters. The surging trend toward mechanization and the evolution of precision agriculture methodologies have significantly heightened the adoption of gear pumps in this sector. These pumps facilitate the smooth functioning of crucial agricultural processes, ensuring precise and efficient fluid transfer, enhancing irrigation systems' performance, and enabling the effective distribution of pesticides and fertilizers in sprayers. The growing reliance on mechanized farming techniques worldwide further propels the demand for gear pumps, underlining their pivotal role in modern agricultural practices.
Opportunity
- Growing Industrial Applications
The expanding scope of industrial applications represents a significant opportunity for the market. These pumps are pivotal in various industries, such as automotive, manufacturing, chemical processing, and material handling. They facilitate the seamless transfer of fluids, ensuring efficient operations in hydraulic systems, lubrication circuits, and cooling systems. With industries increasingly emphasizing productivity, reliability, and operational efficiency, the demand for external gear pumps continues to rise. Their ability to handle diverse fluids, including viscous and corrosive substances, positions them as versatile and indispensable components across a wide array of industrial processes, thereby driving their adoption and fostering market growth.
Restraint/Challenge
- High Initial Investment
The market faces a restraint in the form of high initial investment requirements. The upfront costs associated with acquiring and implementing gear pump systems, along with installation and maintenance expenses, can be substantial for industries considering these solutions. This financial hurdle might deter smaller enterprises or those operating with limited budgets from readily adopting this technology. In addition, while these pumps offer long-term reliability and efficiency, the initial capital outlay can pose a challenge, especially for businesses prioritizing immediate cost savings over long-term benefits, thereby impacting the overall market growth to some extent.
- Technological Limitations
Even with advancements, some gear pumps might experience minor leakage or generate noise levels exceeding acceptable limits, posing environmental and operational concerns. Certain gear pumps may not be suitable for handling abrasive fluids, high temperatures, or strong chemicals, limiting their application range along with that regular maintenance and lubrication are crucial for optimal performance and longevity of gear pumps, requiring dedicated resources and expertise.
This external gear pump market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the external gear pump market contact the Data Bridge Market Research for an Analyst Brief, our team will help you make an informed market decision to achieve market growth.
Recent Developments
- In October 2023, Bosch Rexroth Launched A4VSO Series Variable Displacement Gear Pumps, these pumps boast high efficiency and versatility. They use innovative flow control technology to deliver precise flow under varying pressure conditions
- In September 2023, Tuthill launched DuraMax 5 Series External Gear Pumps, these pumps prioritize longevity and durability. They feature wear-resistant coatings and robust construction, making them suitable for demanding applications in oil and gas, chemical processing, and harsh operating environments
Global External Gear Pump Market Scope
The external gear pump market is segmented on the basis of product type and end use. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product Type
- Motorless
- Electric
- Two Shaft
End Use
- Construction
- Chemical Processing
- Material Handling
- Mining
- Automotive Manufacturing
- Others
Global External Gear Pump Market Region Analysis/Insights
The external gear pump market is analyzed and market size insights and trends are provided by country, product type and end use as referenced above.
The countries covered in the market report are U.S., Canada, Mexico, Brazil, Argentina, the rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, rest of Asia-Pacific, Saudi Arabia, U.A.E., South Africa, Egypt, Israel, and rest of the Middle East and Africa.
North America is expected to dominate the market due to its thriving industrial sector and substantial manufacturing operations generate substantial demand for these pumps. Ongoing technological advancements and substantial investments in R&D consistently enrich product innovation. Moreover, the market benefits from the presence of major industry players and a dedicated emphasis on implementing highly efficient pumping solutions, cementing North America's leading position in this industry.
Asia-Pacific is the fastest growing region due to the region's thriving industrial landscape across various sectors is driving the demand for these pumps. Secondly, continuous growth in manufacturing and infrastructure initiatives is propelling market expansion. Lastly, increased investments in technology and the adoption of cutting-edge pumping solutions are major contributors to the region's swift rise in the market.
The country section of the report also provides individual market-impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points like downstream and upstream value chain analysis, technical trends, and Porter’s five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and the challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the region data.
Semiconductor Infrastructure growth Installed base and New Technology Penetration
The external gear pump market also provides you with a detailed market analysis for every region’s growth in healthcare expenditure for capital equipment, installed base of different kinds of products for the external gear pump market, the impact of technology using lifeline curves, and changes in battery regulatory scenarios and their impact on the external gear pump market. The data is available for the historic period 2010-2020.
Competitive Landscape and Global External Gear Pump Market Share Analysis
The external gear pump market competitive landscape provides details of competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance. The above data points provided are only related to the companies' focus related to the external gear pump market.
Some of the major players operating in the external gear pump market are:
- Parker Hannifin Corporation (U.S.)
- Bosch Rexroth AG (Germany)
- Eaton Corporation plc (Ireland)
- Viking Pump, Inc. (U.S.)
- Permco (U.S.)
- Fluid-o-Tech S.r.l. (Italy
- Tuthill Corporation (U.S.)
- Kawasaki Heavy Industries, Ltd. (Japan)
- GemmeCotti S.r.l. (Italy)
- YU.K.en Kogyo Co., Ltd. (Japan)
- Danfoss Group (Denmark)
- Bucher Hydraulics GmbH (Germany)
- Casappa S.p.A. (Italy)
- Haight Pumps (U.S.)
- Rotary Power (U.K.)
- Dantal Hydraulics Pvt. Ltd. (India)
- ROTAN Pumpen (Germany)
- Commercial Shearing, Inc. (CSI) (U.S.)
- ARGO-HYTOS Group (Germany)
- Kracht GmbH (Germany)
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