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Hydraulic Gear Pumps Market Size
- Report ID: GMI12499
- Published Date: Dec 2024
- Report Format: PDF
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.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Hydraulic Gear Pumps Market Size in 2023: | USD 2.2 Billion |
| Forecast Period: | 2024 – 2032 |
| Forecast Period 2024 – 2032 CAGR: | 5.9% |
| 2024 – 2032 Value Projection: | USD 3.7 Billion |
| Historical Data for: | 2021 - 2023 |
| No. of Pages: | 220 |
| Tables, Charts & Figures: | 180 |
| Segments covered: | Product Type, Operating Pressure, Technology, Price Range, End Use, Sales Channel and Region |
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Frequently Asked Questions (FAQ) :
Hydraulic Gear Pumps Market Scope
