Drum Pump Market Outlook (2023 to 2033)

The global drum pump market is expected to be valued at USD 506.7 million in 2023. Increasing adoption of advanced technology for effectively delivering the drug to the target site is expected to drive overall market growth. The overall demand for Drum Pump is projected to grow at a CAGR of 6.3% between 2023 and 2033, totaling around USD 927.8 million by 2033.

Attribute Details
Drum Pump Market Share (2022) USD 503.6 million
Drum Pump Market Share (2023) USD 506.7 million
Drum Pump Market Share (2033) USD 927.8 million
Drum Pump Market Share (2023 to 2033) 6.3%

Drum pumps are portable pumps designed exclusively to facilitate the safe and efficient transfer of low-viscosity fluids from one container to another. They eliminate the need to pivot heavy barrels by fitting on the upper opening of containers to allow the safe passage of fluids. Drum pumps are available in different materials, models, and tube lengths for different liquids. Different electric drum pumps can be driven by the same motor.

Many industrial fluids are quite heavy if put into a drum. When the liquid is outside the drum, the producer should utilize a drum pump instead of tips to obtain the liquid. Various industries produce high demand for drum pumps, which is likely to increase throughout the forecast period.

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Drum Pump Market Historical Analysis (2018 to 2022) Vs. Forecast Outlook (2023 to 2033)

The global demand for Drum Pumps is projected to increase at a CAGR of 6.3% during the forecast period between 2023 and 2033, reaching a total of USD 927.8 million in 2033, according to a report from Future Market Insights (FMI). From 2018 to 2022, sales witnessed significant growth, registering a CAGR of 5.7%.

In recent years, the prominent players invested in quality assurance and implemented two new pump test stands for the final inspection of drum pumps and the testing of centrifugal pumps and air-operated pumps. Thereby, surplus investments and favorable industrial policies spurred demand for drum pumps.

In addition, the technological advances taking place in the industry, coupled with the current and emerging trends witnessed in the leading regional market are projected to propel the market growth for drum pumps over the forecast period.

Which Drivers underpin Drum Pump Industry Expansion?

Soaring Application in Several End-use Industries to Push Global Demand for Drum Pumps

The demand for drum pumps is likely to rise sharply for a variety of reasons. One of the major causes contributing to the expansion of the drum pump is the increasing demand from various industries such as oil, chemical, milk, and lubricant, among others. Industries import and export liquids in large containers rather than tiny containers to reduce shipping and transportation costs.

Moreover, drum pumps are preferred for distributing liquid from large container industries, which boosts the drum pump market favorably. It provides for the rapid transfer of liquid without spilling, which contributes to the growth of the drum pump industry.

Furthermore, drum pumps save significant time, money, and people for dispensing liquid and offer flow control at the output via the ball valve; they thus contribute to the expansion of the drum pump industry. The need for drum pumps is predicted to expand faster than normal due to an increase in demand from various industries.

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Nikhil Kaitwade

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What are the Challenges Faced by Drum Pump Industry?

Small Diameter of Input Hose May Impede Market Growth

Most drum pumps have an input hose diameter of 50 mm, and the limited area has resulted in slurries and solid viscous material being handled at the bottom of the pumps. During the projection period, the aforementioned aspect is projected to represent a challenge for drum pump producers.

Category-wise Insights

By Product Type, Which Drum Pump Category is expected to dominate?

Electricity demand has expanded tremendously over the world, and the drum pump industry is no exception. Many drum pump manufacturers are extensively investing in motor downsizing and small product design to make it suitable for usage in any location or situation.

Furthermore, in recent years, the usage of an electric motor rather than a hand-operated crank mechanism or manual crank machine has saved valuable time in transportation and material handling cost-cutting. As a result, electric-driven drum pumps are regarded as a significant market growth trend.

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Region-wise Insights

Will North America Hold a Significant Position in the Global Drum Pump Market?

Increasing Oil Expeditions & Surplus Investments in Chemical Industry to Rev Up Sales of Drum Pump in the Region

North America is expected to be a promising market for drum pumps, owing to manufacturers' preference for drum pumps, which serve as cost-effective and efficient dispenser equipment for a wide range of liquids. Future Market Insights expects the North American market to accumulate 14% of total revenue in 2023.

North America dominates the drum pump market due to significant investment by major companies in the area and a well-established chemical sector in the local market. Furthermore, established market players such as Grundfos, Flowserve Corporation, and others are contributing to the region's market growth.

Increasing oil field search expeditions in the United States, as well as a developing specialty chemical manufacturing industry across the area, are factors thought to bolster the expansion of the North American regional market.

How Will the Growth of the European Drum Pump Market unfold?

Rising Prevalence of Manual Tools to Generate Dominating Revenue Share in the Region

According to Future Market Insights, Europe is expected to hold a dominant market share of 18.0% in the global Drum Pump market as of 2023. Europe has a significant market share due to strong technology adoption and a developing equipment manufacturing industry throughout the region.

According to IFFFA, the rising prevalence of manual tools across the industry is the primary factor limiting market growth in the area. Because of the increasing expansion of food and beverage and specialty chemicals producers in the region, Germany and the United Kingdom have a significant part of the regional market.

How is Asia Pacific Bolstering the Demand for Drum Pumps?

The advent of Modern Technologies to Expand Application of Drum Pumps in the Region

The Asia Pacific is predicted to be the most important region in the Drum Pump Market due to the area's well-established chemical and food and beverage and chemical manufacturing industries, as well as the deployment of electric-driven drum pumps in regional factories.

China leads the market, followed by India, Japan, Korea, and others, owing to expanding oil and gas pipeline projects throughout the world and increased government backing for the chemical and additives production industry

In October 2021, Grundfos introduced its LC232 Controller, a new groundwater pump controller which helps to advance smart agriculture in four markets in the Asia Pacific region. Owing to these factors, the increasing advancements by prominent players have boosted the market growth for drum pumps.

The Start-Up Ecosystem: How Key Players are Opening Frontiers for Future Growth?

There are many prominent market players in the Drum Pump market, who are working hand-in-hand to provide the best-in-class Drum Pump for enhancing the global analytics arena. However, many global start-ups in the Drum Pump market are stepping forward in matching the requirements of the Drum Pump domain.

Founded in 2018, Henry Pumps is an e-distributor of water management supplies. Offerings include offer drainage pumps, drainage pumps, engine-driven pumps, hydraulic pumps, hose & accessories, and other associated products. The brands associated with the company are Koshin, Pentax, Caprari, Flotec, and more. The company is based out of Alfreton, (United Kingdom).

  • Founded in 2001, Cariad Cool Water is an E-distributor offering water management solutions for enterprises. The product catalog includes bottled water coolers, water coolers, hot water boilers, taps, bottle filling stations, coffee machines, etc. The startup was acquired by Waterlogic and based out of Narberth, United Kingdom
  • Founded in 2017, AMETEK Brookfield is an E-distributor of viscosity, texture analysis, and powder flow instruments. The company is based out of the United States and is unfunded.

Competitive Landscape: What are the Leading Players in the Drum Pump Market Up to?

  • NZ Pump Co. is an exclusive manufacturer of the highest quality hand-operated pumps recognized as the world's best. Ezi-action® Drumpumps are globally recognized as the best manual drum pumps for pumping chemicals and other liquids from bulk containers.
  • In recent years, Lutz Pumps has developed into a synonym for complete systems designed to handle any fluid filling and transfer job. Lutz pumps have been approved for compliance with established standards and directives. They comply with all requirements laid down by ATEX, UL, PTB, VDE, and CE. A tight grip on the future.

Key Players in the Global Market

  • Fluidyne Instruments Pvt. Ltd.
  • FLUX
  • Kecol Pumping Systems Ltd.
  • Iwaki Pumps Australia Pty. Ltd.
  • JESSBERGER GmbH
  • Finish Thompson Inc.
  • NZ Pump Company Inc.
  • Graco

Scope of the Report

Attribute Details
Forecast Period 2023 to 2033
Historical Data Available for 2018 to 2022
Market Analysis USD Million for Value
Key Regions Covered North America; Latin America; Europe; Asia Pacific; Middle East & Africa (MEA)
Key Countries Covered United States, Canada, Germany, United Kingdom, Nordic, Russia, BENELUX, Poland, France, Spain, Italy, Czech Republic, Hungary, Rest of EMEAI, Brazil, Peru, Argentina, Mexico, South Africa, Northern Africa, GCC Countries, China, Japan, South Korea, India, ASEAN, Thailand, Malaysia, Indonesia, Australia, New Zealand, Others
Key Segments Covered Product Type, Material Type, Application, Region
Report Coverage Market Forecast, Company Share Analysis, Competition Intelligence, Trend Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives

Drum Pump Market Segmentation

By Product Type:

  • Electric-driven
  • Hydraulic
  • Rotary/Manual
  • Pneumatic
  • Others

By Material Type:

  • Plastic Drum Pumps
    • Chlorinated Polyvinyl Chloride (CPC)
    • Polypropylene (PP)
    • Polyvinylidene Fluoride (PVDF)
    • Others
  • Metal Drum Pumps
    • Stainless Steel
    • Cast Iron
    • Aluminum
    • Others

By Application:

  • Petroleum Industry
  • Chemical Plants
  • Food Processing Plants
  • Manufacturing Plants
  • Automotive Industry
  • Wastewater Treatment
  • Laboratories

By Region:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East & Africa (MEA)

Frequently Asked Questions

What is the Drum Pumps Market’s growth rate?

The drum pumps market is expanding at a 6.3% CAGR from 2023 to 2033.

What was the Drum Pumps Market’s previous growth rate?

The drum pumps market expanded at a 5.7% CAGR from 2018 to 2022.

What is North American Drum Pumps Market’s revenue?

North American drum pumps market anticipates 14% of total revenue accumulation in 2023.

What is Europe’s Drum Pumps Market share in 2023?

Europe holds 18.0% of the drum pumps market share in 2023.

What will be the Drum Pumps Market size in 2033?

The drum pumps market will reach USD 927.8 million by 2033.

Table of Content
  • 1. Executive Summary
  • 2. Market Overview
  • 3. Market Background
  • 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033
  • 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product Type
    • 5.1. Electric Driven
    • 5.2. Hydraulic
    • 5.3. Rotary / Manual
    • 5.4. Pneumatic
    • 5.5. Other Types
  • 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Material Type
    • 6.1. Plastic
      • 6.1.1. Chlorinated Polyvinyl Chloride (CPC)
      • 6.1.2. Polypropylene (PP)
      • 6.1.3. Polyvinylidene Fluoride (PVDF)
      • 6.1.4. Others
    • 6.2. Metal
      • 6.2.1. Stainless Steel
      • 6.2.2. Cast Iron
      • 6.2.3. Aluminium
      • 6.2.4. Others
  • 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application
    • 7.1. Petroleum Industry
    • 7.2. Chemical Plants
    • 7.3. Food Processing Plants
    • 7.4. Manufacturing Plants
    • 7.5. Automotive Industry
    • 7.6. Wastewater Treatment
    • 7.7. Laboratories
  • 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region
    • 8.1. North America
    • 8.2. Latin America
    • 8.3. Western Europe
    • 8.4. Eastern Europe
    • 8.5. South Asia and Pacific
    • 8.6. East Asia
    • 8.7. Middle East and Africa
  • 9. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
  • 10. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
  • 11. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
  • 12. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
  • 13. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
  • 14. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
  • 15. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
  • 16. Key Countries Market Analysis
  • 17. Market Structure Analysis
  • 18. Competition Analysis
    • 18.1. Fluidyne Instruments Pvt. Ltd.
    • 18.2. FLUX
    • 18.3. Kecol Pumping Systems Ltd
    • 18.4. Iwaki Pumps Australia Pty Ltd
    • 18.5. JESSBERGER GmbH
    • 18.6. Finish Thompson Inc.
    • 18.7. Lutz Pumps
    • 18.8. NZ Pump Company Inc.
    • 18.9. Graco
    • 18.10. ATM
    • 18.11. Finish Thompson
  • 19. Assumptions & Acronyms Used
  • 20. Research Methodology
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