Gear Pump Market, By Types (Internal and External), By Application (Automotive, Construction, Chemicals, Pulp & Paper, Food & Beverages, and Oil & Gas), and By Geography (EU, NA, APAC, LATAM, and MEA) Analysis, Size, Share, Trends, & Forecast from 2021-2027
Report Code: AV675
Industry: Semiconductor and Electronics
Publiced On: 2020-07-01
Pages: 188
Format:
REPORT HIGHLIGHT
The global gear pump market was valued at USD 2.06 billion by 2020, growing with 3.8% CAGR during the forecast period, 2021-2027.
Gear pumps are one of the most common types of equipment that are used for transferring industrial fluids. There are mainly two types of gear pumps i.e. internal and external gear pumps. These are widely used in various fields including civil engineering, construction, machinery, cargo-handling, forestry machinery, industrial vehicles, agriculture, and fishery machinery among others.
Market Dynamics
Wider applications associated with the gear pump are expected to drive the industry growth. Moreover, rising product demand for the agricultural industry will support the global gear pump market growth considerably. For instance, agricultural development helps in boosting shared prosperity and is likely to feed an estimated 9.5 billion population by the end of 2050. This sector is accounted for one-third of worldwide GDP (gross domestic product). In addition, a global surge in population that is expected to increase by around 25% by the year 2040, thereby, increases the demand for construction and infrastructure industry to deliver adequate infrastructure.
A number of companies have also increased their investments in research activities to introduce superior quality products to end-users. Recently, in March 2020, Germany based engineering firm, Bosch Rexroth AG launched Piston-Gear Pump Assembly with a common port that eliminates the dedicated suction line for the gear pump. This new introduction is featured with an optimized pump interface to fit multiple pump configurations into tight machine spaces.
Likewise, VIKING Universal offers a new range of hygienic internal gear pumps that provide benefits for pumping in food, pharmaceutical, brewing, fine chemicals, and other sensitive hygienic applications. While growing product applications and new advancements in the existing product line are creating strong grounds for gear pump manufacturers to work on, a lot of companies are still left with the fact that the cost of some products is high. This would, in turn, pull back the industry growth in the upcoming period.
Types Takeaway
Based on the types, the global gear pump market is categorized into internal and external. The external category accounted for over 70% of the market share in 2019. In support of the latest trend, external pumps are the most popular category and are increasingly used as lubrication pumps in oil pump engines and machine tools. Also, external products offer high volumetric efficiency with high operating pressures, low noise levels, and high endurance compared to the internal category. These measures are likely to fuel product demand during the near future.
On the other hand, due to the simple design, and ease-of-maintenance and reliability, the internal gear pump connotes the avenues for growth. Growing applications in food & beverage, refining, general processing, chemicals, oil & gas, plastics, and resins support the segment growth to a great extent.
Application Takeaway
The application segment is further divided into construction, automotive, chemicals, agriculture, oil & gas, pulp & paper, food & beverage, and others. The oil & gas industry dominated the industry and is likely to continue its dominance in the future. Oil is one of the most crucial commodities globally. The total revenues for the oil and gas drilling sector came to approximately US$3.3 trillion in 2019.
In addition to this, the increasing global oil production demand will create a strong base for the growth of the gear pump market. For instance, the global oil production in 2017, accounted for about 92,700 barrels per day and in 2018 increased to 95,254 barrels per day. On the other side, chemical and food sectors are projected to display an increased industry share over the study period.
Regional Takeaway
North America, powered by the U.S, accounted for the maximum revenue share of the global gear pump market with a stake of over 35% in 2019. Increasing oil production in the regions is one of the major factors contributing to regional growth. The U.S. is the world’s leading crude oil producers, accountable for around 13% of the total global production. Additionally, the U.S. accounts for the world’s ninth-largest crude reserves and fifth-largest natural gas reserves. This is, therefore, unfolding tremendous growth opportunities for the North America gear pumps market.
On the contrary, Asia Pacific economies are generating a very high demand for gear pumps owing to expanding its crude oil production. For instance, recently, in April 2020, the Indian government has increased crude oil production that has reduced the country’s import bill. Through this initiative, the country’s crude output fell to 32,000 Thousand Tonne (TMT) in 2020. Additionally, strict water management guidelines are also imposed in India, Malaysia, and Australia, further creating promising growth for the APAC region.
COVID-19 Impact
The sudden occurrence of the novel coronavirus has affected almost every industry including the pumps and systems industry. The manufactures of the pumps market are dealing with great loss due to the disrupted supply of raw materials and factory shutdown. Moreover, the pandemic situation also had a negative impact on industries including manufacturing, construction, and travel, and tourism.
Key Vendor Takeaway
The leading players of the global gear pump market include Haight Pumps, Viking Pump, Inc., Kawasaki Heavy Industries, Ltd., Pompe Cucchi S.r.l., PSG, SPX Flow, Tuthill, Albany Pumps, DESMI, Eaton Corporation, Parker Hannifin Corp, Roper Pump Company, Inc., Bosch Rexroth AG, Daido Machinery Corporation, and VARISCO S.r.L.
Many key players are focusing on chasing diverse strategies to deal with the competitive scenario. In January 2020, a Danish multinational company, Danfoss acquired Eaton’s Hydraulics business. This acquisition will help Danfoss to establish greater in-roads into the North American market. Such strategies would, in turn, intensify the competitive rivalry among key players.
The market size and forecast for each segment and sub-segments has been considered as below:
- Historical Year – 2016 to 2018
- Base Year – 2019
- Estimated Year – 2020
- Projected Year – 2021 to 2027
TARGET AUDIENCE
- Traders, Distributors, and Suppliers
- Manufacturers
- Government and Regional Agencies
- Research Organizations
- Consultants
- Distributors
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
GLOBAL GEAR PUMP MARKET KEY PLAYERS
- Tuthill
- Albany Pumps
- Roper Pump Company, Inc.
- Pompe Cucchi r.l
- Eaton Corp
- Bosch Rexroth AG
- Kawasaki Heavy Industries, Ltd.
- Haight Pumps
- Viking Pump, Inc.
- DESMI
- Parker Hannifin Corp
- VARISCO S.r.l
GLOBAL GEAR PUMP MARKET, BY TYPE
- Internal
- External
GLOBAL GEAR PUMP MARKET, BY APPLICATION
- Agriculture
- Oil & Gas
- Automotive
- Chemicals
- Food & Beverage
- Pulp & Paper
- Construction
- Others
GLOBAL GEAR PUMP MARKET, BY REGION
- North America
- The U.S.
- Canada
- Europe
- Germany
- France
- Italy
- Spain
- United Kingdom
- Rest of Europe
- Asia Pacific
- India
- China
- South Korea
- Japan
- Singapore
- Rest of APAC
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of LATAM
- The Middle East and Africa
- Saudi Arabia
- United Arab Emirates
- Rest of MEA
TABLE OF CONTENT
1. GEAR PUMP MARKET OVERVIEW
1.1. Study Scope
2. EXECUTIVE SUMMARY
2.1. Market Snippet
2.1.1. Market Snippet by Type
2.1.2. Market Snippet by Application
2.1.3. Market Snippet by Region
2.2. Competitive Insights
3. GEAR PUMP KEY MARKET TRENDS
3.1. Market Drivers
3.1.1. Impact Analysis of Market Drivers
3.2. Market Restraints
3.2.1. Impact Analysis of Market Restraints
3.3. Market Opportunities
3.4. Market Future Trends
4. GEAR PUMP INDUSTRY STUDY
4.1. Porter’s Five Forces Analysis
4.2. Marketing Strategy Analysis
4.3. Growth Prospect Mapping
4.4. Regulatory Framework Analysis
4.5. Technology Advancements in Gear Pumps
4.6. Acquisition, Merger and Strategic Collaborations
5. GEAR PUMP MARKET: COVID-19 IMPACT ANALYSIS
5.1. Pre-COVID-19 Impact Analysis
5.2. Post-COVID-19 Impact Analysis
5.2.1. Top Performing Segments
5.2.2. Marginal Growth Segments
5.2.3. Top Looser Segments
5.2.4. Marginal Loss Segments
6. GEAR PUMP MARKET LANDSCAPE
6.1. Market Share Analysis, 2019
6.2. Key Innovators Analysis
6.3. Breakdown Data, by Key manufacturer
6.3.1. Established Player Analysis
6.3.2. Emerging Player Analysis
7. GEAR PUMP MARKET – BY TYPE
7.1. Overview
7.1.1. Segment Share Analysis, By Type, 2020 & 2027 (%)
7.2. Internal
7.2.1. Overview
7.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 – 2027, (US$ Million)
7.3. External
7.3.1. Overview
7.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 – 2027, (US$ Million)
8. GEAR PUMP MARKET – BY APPLICATION
8.1. Overview
8.1.1. Segment Share Analysis, By Application, 2020 & 2027 (%)
8.2. Construction
8.2.1. Overview
8.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 – 2027, (US$ Million)
8.3. Automotive
8.3.1. Overview
8.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 – 2027, (US$ Million)
8.4. Chemicals
8.4.1. Overview
8.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 – 2027, (US$ Million)
8.5. Agriculture
8.5.1. Overview
8.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 – 2027, (US$ Million)
8.6. Oil & Gas
8.6.1. Overview
8.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 – 2027, (US$ Million)
8.7. Pulp & Paper
8.7.1. Overview
8.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 – 2027, (US$ Million)
8.8. Food & Beverage
8.8.1. Overview
8.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 – 2027, (US$ Million)
8.9. Others
8.9.1. Overview
8.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 – 2027, (US$ Million)
9. GEAR PUMP MARKET– BY GEOGRAPHY
9.1. Introduction
9.1.1. Segment Share Analysis, By Geography, 2020 & 2027 (%)
9.2. North America
9.2.1. Overview
9.2.2. Key Manufacturers in North America
9.2.3. North America Market Size and Forecast, By Country, 2016 – 2027 (US$ Million)
9.2.4. North America Market Size and Forecast, By Type, 2016 – 2027 (US$ Million)
9.2.5. North America Market Size and Forecast, By Application, 2016 – 2027 (US$ Million)
9.2.6. U.S.
9.2.6.1. Overview
9.2.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 – 2027, (US$ Million)
9.2.7. Canada
9.2.7.1. Overview
9.2.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 – 2027, (US$ Million)
9.3. Europe
9.3.1. Overview
9.3.2. Key Manufacturers in Europe
9.3.3. Europe Market Size and Forecast, By Country, 2016 – 2027 (US$ Million)
9.3.4. Europe Market Size and Forecast, By Type, 2016 – 2027 (US$ Million)
9.3.5. Europe Market Size and Forecast, By Application, 2016 – 2027 (US$ Million)
9.3.6. Germany
9.3.6.1. Overview
9.3.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 – 2027, (US$ Million)
9.3.7. Italy
9.3.7.1. Overview
9.3.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 – 2027, (US$ Million)
9.3.8. United Kingdom
9.3.8.1. Overview
9.3.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 – 2027, (US$ Million)
9.3.9. France
9.3.9.1. Overview
9.3.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 – 2027, (US$ Million)
9.3.10. Rest of Europe
9.3.10.1. Overview
9.3.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 – 2027, (US$ Million)
9.4. Asia Pacific (APAC)
9.4.1. Overview
9.4.2. Key Manufacturers in Asia Pacific
9.4.3. Asia Pacific Market Size and Forecast, By Country, 2016 – 2027 (US$ Million)
9.4.4. Asia Pacific Market Size and Forecast, By Type, 2016 – 2027 (US$ Million)
9.4.5. Asia Pacific Market Size and Forecast, By Application, 2016 – 2027 (US$ Million)
9.4.6. India
9.4.6.1. Overview
9.4.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 – 2027, (US$ Million)
9.4.7. China
9.4.7.1. Overview
9.4.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 – 2027, (US$ Million)
9.4.8. Japan
9.4.8.1. Overview
9.4.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 – 2027, (US$ Million)
9.4.9. South Korea
9.4.9.1. Overview
9.4.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 – 2027, (US$ Million)
9.4.10. Rest of APAC
9.4.10.1. Overview
9.4.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 – 2027, (US$ Million)
9.5. Latin America
9.5.1. Overview
9.5.2. Key Manufacturers in Latin America
9.5.3. Latin America Market Size and Forecast, By Country, 2016 – 2027 (US$ Million)
9.5.4. Latin America Market Size and Forecast, By Type, 2016 – 2027 (US$ Million)
9.5.5. Latin America Market Size and Forecast, By Application, 2016 – 2027 (US$ Million)
9.5.6. Brazil
9.5.6.1. Overview
9.5.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 – 2027, (US$ Million)
9.5.7. Mexico
9.5.7.1. Overview
9.5.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 – 2027, (US$ Million)
9.5.8. Argentina
9.5.8.1. Overview
9.5.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 – 2027, (US$ Million)
9.5.9. Rest of LATAM
9.5.9.1. Overview
9.5.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 – 2027, (US$ Million)
9.6. Middle East and Africa
9.6.1. Overview
9.6.2. Key Manufacturers in Middle East and Africa
9.6.3. Middle East and Africa Market Size and Forecast, By Country, 2016 – 2027 (US$ Million)
9.6.4. Middle East and Africa Market Size and Forecast, By Type, 2016 – 2027 (US$ Million)
9.6.5. Middle East and Africa Market Size and Forecast, By Application, 2016 – 2027
9.6.6. Saudi Arabia
9.6.6.1. Overview
9.6.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 – 2027, (US$ Million)
9.6.7. United Arab Emirates
9.6.7.1. Overview
9.6.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 – 2027, (US$ Million)
10. KEY VENDOR ANALYSIS
10.1. Competitive Dashboard
10.2. Company Profiles
10.2.1. Eaton Corp.
10.2.1.1. Company Snapshot
10.2.1.2. Financial Performance
10.2.1.3. Product Benchmarking
10.2.1.4. Strategic Initiatives
10.2.2. Bosch Rexroth AG
10.2.3. Kawasaki Heavy Industries, Ltd.
10.2.4. Haight Pumps
10.2.5. Viking Pump, Inc.
10.2.6. DESMI
10.2.7. Parker Hannifin Corp
10.2.8. Tuthill
10.2.9. Albany Pumps
10.2.10. Roper Pump Company, Inc.
10.2.11. Pompe Cucchi S.r.l
10.2.12. PSG
10.2.13. SPX Flow
10.2.14. Daido Machinery Corporation
10.2.15. VARISCO S.r.l
11. 360 DEGREE ANALYSTVIEW
12. APPENDIX
12.1. Research Methodology
12.2. References
12.3. Abbreviations
12.4. Disclaimer
12.5. Contact Us
List of Tables
TABLE List of data sources
TABLE Market drivers; Impact Analysis
TABLE Market restraints; Impact Analysis
TABLE Gear Pump market: Application Snapshot (2019)
TABLE Segment Dashboard; Definition and Scope, by Type
TABLE Global Gear Pump market, by Type 2016-2027 (USD Million))
TABLE Gear Pump market: Snapshot (2019)
TABLE Segment Dashboard; Definition and Scope, by Application
TABLE Global Gear Pump market, by Application 2016-2027 (USD Million)
TABLE Gear Pump market: Regional Snapshot (2019)
TABLE Segment Dashboard; Definition and Scope, by Region
TABLE Global Gear Pump market, by Region 2016-2027 (USD Million)
TABLE North America Gear Pump market, by Country, 2016-2027 (USD Million)
TABLE North America Gear Pump market, by Type, 2016-2027 (USD Million)
TABLE North America Gear Pump market, by Application, 2016-2027 (USD Million)
TABLE Europe Gear Pump market, by Country, 2016-2027 (USD Million)
TABLE Europe Gear Pump market, by Type, 2016-2027 (USD Million)
TABLE Europe Gear Pump market, by Application, 2016-2027 (USD Million)
TABLE Asia Pacific Gear Pump market, by Country, 2016-2027 (USD Million)
TABLE Asia Pacific Gear Pump market, by Type, 2016-2027 (USD Million)
TABLE Asia Pacific Gear Pump market, by Application, 2016-2027 (USD Million)
TABLE Latin America Gear Pump market, by Country, 2016-2027 (USD Million)
TABLE Latin America Gear Pump market, by Type, 2016-2027 (USD Million)
TABLE Latin America Gear Pump market, by Application, 2016-2027 (USD Million)
TABLE Middle East and Africa Gear Pump market, by Country, 2016-2027 (USD Million)
TABLE Middle East and Africa Gear Pump market, by Type, 2016-2027 (USD Million)
TABLE Middle East and Africa Gear Pump market, by Application, 2016-2027 (USD Million)
List of Figures
FIGURE Gear Pump market segmentation
FIGURE Market Research Methodology
FIGURE Value chain analysis
FIGURE Porter’s Five Forces Analysis
FIGURE Market Attractiveness Analysis
FIGURE COVID-19 Impact Analysis
FIGURE Pre & Post COVID-19 Impact Comparision Study
FIGURE Competitive Landscape; Key company market share analysis, 2019
FIGURE Type segment market share analysis, 2020 & 2027
FIGURE Type segment market size forecast and trend analysis, 2016 to 2027 (USD Million)
FIGURE Internal market size forecast and trend analysis, 2016 to 2027 (USD Million)
FIGURE External market size forecast and trend analysis, 2016 to 2027 (USD Million)
FIGURE Application segment market share analysis, 2020 & 2027
FIGURE Application segment market size forecast and trend analysis, 2016 to 2027 (USD Million)
FIGURE Automotive market size forecast and trend analysis, 2016 to 2027 (USD Million)
FIGURE Chemicals market size forecast and trend analysis, 2016 to 2027 (USD Million)
FIGURE Construction market size forecast and trend analysis, 2016 to 2027 (USD Million)
FIGURE Agriculture market size forecast and trend analysis, 2016 to 2027 (USD Million)
FIGURE Oil & Gas market size forecast and trend analysis, 2016 to 2027 (USD Million)
FIGURE Pulp & Paper market size forecast and trend analysis, 2016 to 2027 (USD Million)
FIGURE Food & Beverage market size forecast and trend analysis, 2016 to 2027 (USD Million)
FIGURE Others market size forecast and trend analysis, 2016 to 2027 (USD Million)
FIGURE Regional segment market share analysis, 2020 & 2027
FIGURE Regional segment market size forecast and trend analysis, 2016 to 2027 (USD Million)
FIGURE North America Gear Pump market share and leading players, 2019
FIGURE Europe Gear Pump market share and leading players, 2019
FIGURE Asia Pacific Gear Pump market share and leading players, 2019
FIGURE Latin America Gear Pump market share and leading players, 2019
FIGURE Middle East and Africa Gear Pump market share and leading players, 2019
FIGURE North America Gear Pump market share analysis by country, 2019
FIGURE U.S. Gear Pump Market size, forecast and trend analysis, 2016 to 2027 (USD Million)
FIGURE Canada Gear Pump Market size, forecast and trend analysis, 2016 to 2027 (USD Million)
FIGURE Europe Gear Pump Market share analysis by country, 2019
FIGURE Germany Gear Pump market size, forecast and trend analysis, 2016 to 2027 (USD Million)
FIGURE Spain Gear Pump market size, forecast and trend analysis, 2016 to 2027 (USD Million)
FIGURE Italy Gear Pump market size, forecast and trend analysis, 2016 to 2027 (USD Million)
FIGURE UK Gear Pump market size, forecast and trend analysis, 2016 to 2027 (USD Million)
FIGURE FranceGear Pump market size, forecast and trend analysis, 2016 to 2027 (USD Million)
FIGURE Rest of the Europe Gear Pump market size, forecast and trend analysis, 2016 to 2027 (USD Million)
FIGURE Asia Pacific Gear Pump market share analysis by country, 2019
FIGURE India Gear Pump market size, forecast and trend analysis, 2016 to 2027 (USD Million)
FIGURE China Gear Pump market size, forecast and trend analysis, 2016 to 2027 (USD Million)
FIGURE Japan Gear Pump market size, forecast and trend analysis, 2016 to 2027 (USD Million)
FIGURE South Korea Gear Pump market size, forecast and trend analysis, 2016 to 2027 (USD Million)
FIGURE Singapore Gear Pump market size, forecast and trend analysis, 2016 to 2027 (USD Million)
FIGURE Rest of APACGear Pump market size, forecast and trend analysis, 2016 to 2027 (USD Million)
FIGURE Latin America Gear Pump market size, forecast and trend analysis, 2016 to 2027 (USD Million)
FIGURE Latin AmericaGear Pump market share analysis by country, 2019
FIGURE BrazilGear Pump market size, forecast and trend analysis, 2016 to 2027 (USD Million)
FIGURE Mexico Gear Pump market size, forecast and trend analysis, 2016 to 2027 (USD Million)
FIGURE Argentina Gear Pump market size, forecast and trend analysis, 2016 to 2027 (USD Million)
FIGURE Rest of LATAM Gear Pump market size, forecast and trend analysis, 2016 to 2027 (USD Million)
FIGURE Middle East and Africa Gear Pump market size, forecast and trend analysis, 2016 to 2027 (USD Million)
FIGURE Middle East and Africa Gear Pump market share analysis by country, 2019
FIGURE Saudi Arabia Gear Pump market size, forecast and trend analysis, 2016 to 2027 (USD Million)
FIGURE United Arab Emirates Gear Pump market size, forecast and trend analysis, 2016 to 2027 (USD Million)
