Hydraulic Gear Pumps Market Size - By Product Type, By Operating Pressure, By Technology, By Price Range, By End Use, By Sales Channel Analysis, Share, Growth Forecast, 2024 - 2032

Hydraulic Gear Pumps Market Size

The global hydraulic gear pumps market was valued at USD 2.2 Bn in 2023 and is estimated to grow at a CAGR of over 5.9% from 2024 to 2032. The market falls under the industrial machinery and equipment industry, catering primarily to sectors like construction, agriculture, oil and gas, chemicals and petrochemicals, and others.
 

Consumers in this market prioritize performance reliability, durability, and efficiency, often considering factors like operating pressure, technology, and cost of ownership when making purchasing decisions. The market began gaining significant traction in the mid-20th century, as advancements in hydraulic systems revolutionized machinery performance and productivity. Growth has accelerated in recent decades due to increasing demand for automation and heavy-duty equipment, driven by global infrastructure development and industrialization. The market is continuously evolving with innovations in material science, energy-efficient designs, and the integration of IoT-enabled predictive maintenance, ensuring its development aligns with the growing emphasis on sustainability and advanced performance metrics.
 

Hydraulic Gear Pumps Market Trends

The hydraulic gear pump market is undergoing a digital transformation, with IoT and smart technologies reshaping product offerings to enhance system efficiency and reliability. By embedding sensors and connectivity tools, manufacturers can deliver real-time performance monitoring, enabling predictive maintenance and reducing costly downtime. This approach is particularly beneficial in industries reliant on 24/7 operations, such as manufacturing and logistics. For instance, Bosch Rexroth’s IoT-enabled hydraulic systems exemplify how advanced monitoring solutions can improve diagnostics and maintenance planning. As industries prioritize uptime and operational efficiency, integrating IoT technologies is rapidly becoming a competitive differentiator in the market.
 

Energy efficiency has become a cornerstone of innovation in the hydraulic gear pump market. In response to stringent environmental regulations and the need to cut operational costs, manufacturers are designing pumps that optimize energy usage without compromising performance. Variable displacement pumps, such as those developed by Eaton, adjust output based on demand, reducing energy waste and overall consumption. Additionally, the growing adoption of eco-friendly materials and biodegradable hydraulic components underscores the industry's commitment to sustainability.
 

The hydraulic gear pump market is experiencing dynamic growth fueled by increasing demand from industries such as oil and gas, chemicals and petrochemicals, construction, agriculture, and logistics. With infrastructure projects expanding globally, especially in developing economies, the need for high-performing hydraulic systems has drastically surged. Moreover, the push toward automation in farming and material handling has made these pumps a critical component of modern machinery.
 

However, the market’s growth is hampered by challenges on the supply side, such as fluctuating raw material costs, disruptions in global supply chains, and the high expense of adopting advanced manufacturing technologies. Manufacturers are navigating these hurdles by innovating smarter, energy-efficient designs and leveraging IoT to enhance equipment reliability and reduce downtime, helping to offset some of the pressures.
 

Hydraulic Gear Pumps Market Analysis

Based on product type, the market is segmented into external gear pump and internal gear pump. The internal gear pump accounted for revenue of around USD 1.2 Billion in the year 2023 and is estimated to grow at a CAGR of around 6.3% from 2024 to 2032.
 

Internal gear pump dominates the hydraulic gear pump market due to their superior performance characteristics and versatility in handling diverse industrial applications. Unlike external gear pumps, internal gear pumps offer smoother and quieter operation, making them ideal for industries such as manufacturing, automotive, and chemical processing where noise reduction and precision are critical. Their ability to manage high-viscosity fluids efficiently without compromising performance further enhances their appeal in specialized applications like lubrication systems and food processing.
 

Based on the operating pressure, the global hydraulic gear pumps market is categorized as new Below 150 Bar, 150 – 250 Bar, and Above 250 Bar. The Below 150 Bar segment held around 26% of the total market share in 2023 and is anticipated to reach a value of USD 900 million in the forecasted year 2032.
 

Below 150 Bar segment in the market primarily caters to light-duty applications across industries such as agriculture, material handling, and small-scale industrial machinery. Currently, the growth of this segment is driven by its cost-effectiveness and suitability for operations requiring lower pressure and flow rates. Its adoption is particularly strong in emerging economies where affordability is a key factor, and advanced hydraulic systems are not always necessary. Moreover, the segment is expected to maintain steady demand as small and medium-sized enterprises (SMEs) expand in developing regions. However, growth may be tempered by increasing competition from more efficient and compact pump designs in the medium-pressure range.
 

In terms of the country, the U.S. dominates in the North America hydraulic gear pumps market and valued at USD 400 Mn in 2023 and is estimated to grow at a CAGR of over 5.9% from 2024 to 2032.
 

The U.S. dominates the hydraulic gear pump market within North America due to its robust industrial infrastructure, extensive use of heavy machinery, and strong demand across key sectors such as construction, agriculture, and manufacturing. As the largest economy in the region, the U.S. leads in infrastructure investments, driven by initiatives like the Infrastructure Investment and Jobs Act, which allocates billions to modernizing public and private infrastructure.
 

North America: Canada hydraulic gear pumps market witnessed a notable growth rate of around 6.9% over the forecasted period.
 

Canada is experiencing a higher CAGR than the U.S. in the hydraulic gear pump market due to rapid investments in infrastructure, natural resource extraction, and advancements in its agriculture sector. With significant federal funding directed toward infrastructure projects, such as the "Investing in Canada Plan," there is a growing demand for construction equipment that relies on hydraulic systems. Additionally, Canada’s mining and oil & gas sectors are expanding, requiring durable and efficient hydraulic pumps for high-performance applications in challenging environments. The push towards mechanization in agriculture, supported by government subsidies, is also driving demand for hydraulic solutions in farming machinery.
 

Europe: The Europe hydraulic gear pumps market with a market share of around 19% in 2023 and anticipated to grow with a CAGR of around 6.2% during the forecast period.
 

Europe is poised to emerge as a lucrative market for hydraulic gear pumps, driven by the region’s strong focus on industrial automation, renewable energy projects, and advanced manufacturing technologies. The European Union’s Green Deal and other sustainability initiatives are spurring investments in energy-efficient machinery, creating a demand for innovative hydraulic systems.
 

Additionally, the region's robust automotive and aerospace industries are leveraging hydraulic gear pumps for precision engineering and high-performance applications. With increased infrastructure spending in both Western and Eastern Europe, along with rising demand for smart manufacturing solutions, the market is set to benefit from a combination of technological advancements and policy-driven growth.
 

Asia Pacific: The Asia Pacific hydraulic gear pumps market with a market share of around 40% in 2023 and anticipated to grow with a CAGR of around 6.3% during the forecast period.
 

Asia Pacific dominates the hydraulic gear pump market due to its rapid industrialization, large-scale infrastructure projects, and the growing adoption of mechanized solutions in agriculture and manufacturing. Countries such as China and India are leading this growth with significant investments in infrastructure development. For example, China’s Belt and Road Initiative involves extensive construction projects across multiple countries, driving a high demand for hydraulic systems in construction equipment. Similarly, India’s Smart Cities Mission and rural electrification programs necessitate modern machinery powered by hydraulic pumps. The agriculture sector in the region is also undergoing a shift towards mechanization to enhance productivity, with hydraulic systems playing a vital role in modern farm equipment such as tractors and harvesters.
 

Additionally, the region's competitive manufacturing ecosystem contributes to its market leadership. Asia-Pacific is home to numerous manufacturers producing cost-effective hydraulic gear pumps, catering to both local and export markets. Japan and South Korea, known for their advanced manufacturing technologies, are producing high-quality hydraulic systems that are energy-efficient and durable, meeting global standards. The construction boom in Southeast Asia and increased mining activities in countries like Indonesia and Australia further amplify the demand for robust hydraulic solutions.
 

Hydraulic Gear Pumps Market Share

In 2023, key companies like Bosch Rexroth, Bucher Hydraulics, Concentric AB, Daikin Industries, Kawasaki Heavy Industries, and others, held a combined market share of 15-20%. Companies are making substantial investments in research and development to create advanced hydraulic gear pumps that meet the evolving demands of industry.

Hydraulic Gear Pumps Market Companies

Major players operating in the hydraulic gear pumps industry are:

• Bosch Rexroth
• Bucher Hydraulics
• Casappa
• Concentric AB
• Daikin Industries
• Dynamatic Technologies
• Eaton Corporation
• Eckerle
• Gemma Automotive
• Hema USA
• Hydac
• Kawasaki Heavy Industries
• KSB SE & Co. KGaA
• KYB Corporation
• Linde Hydraulics GmbH & Co. KG
   

Hydraulic Gear Pumps Industry News

• In June 2024, Hydrosila Group, a hydraulic equipment manufacturer, announced to expand its operations by relocating a portion of its production to Poland. The company has acquired a 1.6-hectare site in Wroclaw, which includes a nearly completed production facility. Hydrosila planned to establish a medium-sized plant at this location, focusing on the manufacture of hydraulic cylinders and hydraulic gear pumps.
   

This hydraulic gear pumps market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD Billion) & volume (Thousand Units) from 2021 to 2032, for the following segments:

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Market, By Product Type

• External gear pump
• Internal gear pump

Market, By Operating Pressure

• Below 150 Bar
• 150 - 250 Bar
• Above 250 Bar

Market, By Technology

• Self-contained
• Remote-condensing
• Multiple-condensing

Market, By Price Range

• USD 1 - USD 200
• USD 200 - USD 600
• >USD 600

Market, By End Use

• Automotive
• Chemicals and petrochemicals
• Food and beverage
• Metal and mining
• Oil and Gas
• Power generation
• Water and wastewater
• Others (Pulp and Paper, etc.)

Market, By Sales Channel

• Direct sales
• Indirect sales

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia
  • Rest of Asia-Pacific 
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• MEA
  • UAE
  • Saudi Arabia
  • South Africa
  • Rest of MEA