Global Hydraulic Gear Pumps Market Size, Share, Growth Analysis Report - Forecast 2034

Hydraulic Gear Pumps Market: Industry Perspective

The global hydraulic gear pumps market size was worth around USD 2.10 Billion in 2024 and is predicted to grow to around USD 3.01 Billion by 2034 with a compound annual growth rate (CAGR) of roughly 3.65% between 2025 and 2034.

The report analyzes the global hydraulic gear pumps market's drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the hydraulic gear pumps industry.

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Hydraulic Gear Pumps Market: Overview

Hydraulic gear pumps convert mechanical energy into hydraulic energy in a fluid. The pump moves fluid due to the spinning of the gear, which creates a vacuum at the inlet. The liquid is pushed via the gears. The mechanical energy generated by the gears' revolution raises the fluid pressure at the discharge. Hydraulic gear pumps work with a wide range of construction machinery. Hydraulic gear pumps are used to move fluids throughout a system because the mechanical clearances between the gears are so minimal. The hydraulic fluid is driven toward the discharge point as the gears revolve.

Hydraulic gear pumps are commonly used in earth moving equipment, agricultural machinery, material handling equipment, and construction equipment. The construction business is expected to rise as urbanization accelerates in developing economies such as India, China, Brazil, and Argentina. Rapid residential sector expansion to satisfy the rising demand for urban living spaces, particularly in fast-growing economies, is also strengthening the construction industry, driving sales of a variety of construction equipment, including hydraulic gear pumps. Because hydraulic pumps are used to generate power in automobiles, trucks, and other vehicles, the growth of the automobile industry increases the demand for hydraulic gear pumps.

Furthermore, the hydraulic gear pump market is likely to be driven by infrastructure upgrades, a rising renewable energy sector, and an increasing demand for energy-efficient solutions to meet rigorous government laws for environmental protection all over the world. However, the high cost of producing hydraulic gear pumps is likely to stifle market expansion throughout the projection period.

Key Insights

• As per the analysis shared by our research analyst, the global hydraulic gear pumps market is estimated to grow annually at a CAGR of around 3.65% over the forecast period (2025-2034).
• Regarding revenue, the global hydraulic gear pumps market size was valued at around USD 2.10 Billion in 2024 and is projected to reach USD 3.01 Billion by 2034.
• The hydraulic gear pumps market is projected to grow at a significant rate due to expanding infrastructure projects, rising demand for energy-efficient and IoT-enabled systems, and the growing need for reliable hydraulic solutions across construction, agriculture, and industrial automation sectors.
• Based on Product Type, the External Gear Pump segment is expected to lead the global market.
• On the basis of Operating Pressure, the Less than 100 Bar segment is growing at a high rate and will continue to dominate the global market.
• Based on the Application, the Transmission/Clutches segment is projected to swipe the largest market share.
• By Distribution Channel, the Original Equipment Manufacturer (OEM) segment is expected to dominate the global market.
• Based on region, Asia-Pacific is predicted to dominate the global market during the forecast period.

Hydraulic Gear Pumps Market: Growth Drivers

Rising urbanization in emerging economies is likely to pave the way for global market growth

The rapid urbanization and development of significant developing nations like China and India is propelling the growth of the hydraulic pumps sector. Many nations are experiencing rapid industrialization as a result of the growing urban population. As a result, consumer demands and product availability have increased, which has had an impact on the growth of end-use sectors. The overall expansion of end-use industries has directly impacted the demand for hydraulic pumps.

Hydraulic Gear Pumps Market: Restraints

Increased automation in industries may hamper the global market growth

In recent years, factory automation has steadily gained popularity. The construction equipment business uses intelligent machines to boost industrial output and make it more economical and energy-efficient. However, due to its operational inefficiency compared to more sophisticated competitors on the market, end users are switching to alternative pump solutions like hydraulic gear pumps to meet changing customer demands worldwide. Because of this, it is anticipated that the demand for hydraulic gear pumps would be constrained as more alternative pumping technologies, such as piston pumps, are used.

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Hydraulic Gear Pumps Market: Segmentation

The global hydraulic gear pumps market is segregated on the basis of product type, operating pressure, application, distribution channel, and region.

By product type, the market is bifurcated into external gear pump and internal gear pump. Among these, the external gear pump segment dominated the market in 2021. An external gear pump makes use of two identical gears that are mesh-meshed side by side. One of the gears is driven by a motor, and it then drives the other gear, which drives the idle (driven) gear. A shaft with bearings on both sides of the gear supports each gear individually. Consequently, the construction industry finds it more valuable.

Based on operating pressure, the market is divided into less than 100 bar, 100–300 bar, and above 300 bar. Among these, the 100–300 bar segment dominated the market in 2021.

Based on application, the market is divided into transmission/clutches, electrohydraulic powered steering, hybrid propulsion and lifting applications. Over the forecast period, the lifting application is expected to develop fastest.

The distribution channel bifurcates the market into aftermarket and original equipment manufacturer (OEM). Over the forecast period, the original equipment manufacturer (OEM) segment is expected to develop at the fastest rate during the forecast timeline. A company that manufactures parts and equipment that another manufacturer might sell is known as an original equipment manufacturer (OEM). Original equipment manufacturers (OEMs), sometimes known as value-added resellers, supply the parts for another company's final goods (VAR). For example, engineering technology services offers original equipment manufacturer (OEM) hydraulic gear pumps and motors for machinery used in industrial applications.

Hydraulic Gear Pumps Market: Report Scope

Recent Developments

• In April 2020, the Gardner Denver VX Hydraulic Fracturing Pump Fluid End was a new, cost-effective, next-generation fluid end from Gardner Denver High-Pressure Solutions (VX). For use with GD-2500Q hydraulic fracturing pumps, the lightweight VX has been developed to replace the Gardner Denver SGWS fluid end, which is bigger and heavier.
• In June 2019, a new submersible motor agitator with an improved propeller hub was discovered by HOMA PumpenfabrikGmbh, a manufacturer of submersible pumps, to reduce dead flow zones and prevent clogging.

Hydraulic Gear Pumps Market: Regional Analysis

Increasing agricultural and construction activity likely to help North America dominate the global market

North America dominated the global hydraulic gear pumps market in 2021 due to increasing agricultural & construction activity and increased investment in construction. The specific activities included building infrastructure and extensively using hydraulic pumps to extract metals and minerals. Additionally, there has been a rise in demand for the shale gas production technique known as hydraulic fracturing. Supporting government actions by these governments may also draw international players to these nations, thus affecting the opportunities for the region above.

Over the forecast period, Asia Pacific regional market is expected to grow significantly in hydraulic gear pumps market because wastewater treatment has expanded significantly in countries like China, India, and Japan. The increased investments in construction projects in emerging nations, particularly those in Southeast Asia, is another factor driving the region's growth. In addition, the market for these pumps has new opportunities thanks to the rising popularity of renewable energy in various Asia-Pacific countries.

Hydraulic Gear Pumps Market: Competitive Analysis

The report provides a company market share analysis to give a broader overview of the key market players. In addition, the report also covers key strategic developments of the market, including acquisitions & mergers, new product launches, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the hydraulic gear pumps market on a global and regional basis.

The global hydraulic gear pumps market is dominated by players like:

• Linde Hydraulics GmbH & Co. Kg (Germany)
• Bosch Rexroth AG (Germany)
• Eaton Corporation Plc (Republic of Ireland)
• Kawasaki Heavy Industries Ltd (Japan)
• Bucher Hydraulics GmbH (Switzerland)
• Parker Hannifin Corp (US)
• Dynamatic Technologies Limited (India)
• HYDAC(Germany)
• Sapricon Hydraulic Industries(India)
• Gemma Automotive (Turkey)
• Marzocchi Pompe S.p.A. (Italy)
• Daikin Industries Ltd. (Japan)

The global hydraulic gear pumps market is segmented as follows;

By Product Type

• External Gear Pump
• Internal Gear Pump

By Operating Pressure

• Less than 100 Bar
• 100–300 Bar
• Above 300 Bar

By Application

• Transmission/Clutches
• Electrohydraulic Powered Steering
• Hybrid Propulsion
• Lifting Application

By Distribution Channel

• Original Equipment Manufacturer (OEM)
• Aftermarket

By Region

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of Asia Pacific
• The Middle East & Africa
  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America