The global hydraulic gear pump market (油圧ギアポンプ市場) reached a value of US$ 1.95 billion in 2023 and is projected to reach US$ 3 billion by 2033. According to Fact.MR's analysis, 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.
The hydraulic gear pump market is a vital segment within the broader hydraulic pump industry, driven by its use in various applications such as construction, agriculture, mining, material handling, and automotive sectors. Hydraulic gear pumps are widely preferred due to their simplicity, efficiency, and cost-effectiveness compared to other types of hydraulic pumps.
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Market Dynamics:
The hydraulic gear pumps market is primarily driven by the increasing demand for efficient fluid power transmission systems in various industries. The growth of the construction and mining industries, particularly in developing economies, is a significant factor propelling the demand for hydraulic gear pumps. Additionally, the growing emphasis on energy-efficient hydraulic systems is driving manufacturers to develop advanced gear pump technologies, further boosting market growth.
Market Future Outlook:
The future outlook for the hydraulic gear pump market (유압 기어 펌프 시장) looks promising, with continued growth expected in the coming years. Technological advancements such as the development of noise-optimized gear pumps and the integration of IoT and automation in hydraulic systems are expected to drive market growth. Moreover, the rising demand for electric and hybrid vehicles is anticipated to create new opportunities for hydraulic gear pump manufacturers.
Market Insights:
The hydraulic gear pump market is segmented based on type, application, and end-user industry. In terms of type, the market is segmented into internal gear pumps and external gear pumps. Internal gear pumps are widely used in applications requiring high pressures, while external gear pumps are preferred for applications requiring high speeds. Based on application, the market is segmented into industrial, mobile, and automotive applications. The industrial segment is expected to dominate the market due to the increasing adoption of hydraulic systems in industrial machinery. In terms of end-user industry, the market is segmented into construction, agriculture, mining, material handling, automotive, and others.
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Key Players
- Eaton Corporation Plc
- Parker Hannifin Corporation
- Bucher Hydraulics Gmbh
- KYB Corporation
- CASAPPA S.p.A
- 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 (marché des pompes à engrenages hydrauliques) 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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