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Hydraulic Gear Pump Market Revenue Share, Key Growth Trends And Forecast by Fact MR

In 2023, the global hydraulic gear pump market (油圧ギアポンプ市場) reached a value of US$ 1.95 billion and is anticipated to achieve US$ 3 billion by 2033. Fact.MR’s analysis indicates that the global sales of hydraulic gear pumps are expected to grow at a compound annual growth rate (CAGR) of 4.4% from 2023 to 2033.

Hydraulic gear pumps are critical components in various industries, including construction, agriculture, and automotive, due to their ability to provide high-pressure fluid flow. The global hydraulic gear pump market is witnessing steady growth, driven by increasing demand for efficient fluid power transmission systems and the growing construction and manufacturing sectors.

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Market Dynamics

The market for hydraulic gear pumps is primarily driven by the rising demand for energy-efficient hydraulic systems across industries. Hydraulic gear pumps offer advantages such as high efficiency, compact size, and cost-effectiveness, making them ideal for various applications. Additionally, the increasing adoption of hydraulic systems in material handling equipment, agricultural machinery, and industrial machinery is fueling market growth.

Furthermore, advancements in hydraulic gear pump technology, such as the development of noise-reducing and energy-efficient pumps, are expected to drive market growth. However, factors such as the high maintenance cost of hydraulic systems and the growing popularity of electric actuators could restrain market growth to some extent.

Market Future Outlook

The future outlook for the hydraulic gear pump market (Marché des pompes à engrenages hydrauliques) remains positive, with increasing investments in infrastructure development and the growing demand for construction equipment driving market growth. Moreover, the adoption of hydraulic gear pumps in renewable energy applications, such as wind turbines and solar power plants, is expected to create new opportunities for market players.

Market Insights

Based on type, the external gear pump segment dominates the market, owing to its simple design and high efficiency. However, the internal gear pump segment is expected to witness significant growth due to its ability to handle high-pressure applications.

Geographically, Asia Pacific is the largest market for hydraulic gear pumps, driven by the rapid industrialization and infrastructure development in countries like China and India. North America and Europe are also significant markets, driven by the presence of established industries and the increasing adoption of hydraulic systems in automotive and aerospace applications.

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Key Players

  • 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

Competitive Landscape

Key manufacturers in the hydraulic gear pump market (유압 기어 펌프 시장) are emphasizing long-term supply contracts and introducing new products to strengthen their position in the global market. These manufacturers also maintain extensive spare parts inventory, enabling them to provide added value to their customers.

Leading companies are increasingly focusing on offering customized hydraulic pump designs and manufacturing to meet diverse customer needs.

In a significant development in April 2023, Airbus Defence and Space partnered with Liebherr-Aerospace to sign a groundbreaking contract. This strategic agreement involves the joint development and production of critical components, including 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
  • By Region :
    • North America
    • Latin America
    • Europe
    • East Asia
    • South Asia & Oceania
    • Middle East & Africa

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