The global hydraulic gear pumps market is valued at USD 2.09 billion in 2025 and is projected to reach USD 3.01 billion by 2035. This growth reflects a steady CAGR of 3.7% during the forecast period. The market is primarily driven by the increasing demand for fluid power systems in various industries, including construction, agriculture, automotive, and mining.
These pumps are integral to heavy machinery, providing the necessary mechanical power to transfer hydraulic fluids. Their role in enhancing the efficiency of equipment used in these industries makes them crucial to supporting the growing global demand for automation, productivity, and operational efficiency.
Looking ahead, the hydraulic gear pumps market is likely to continue its steady growth due to the rising demand for high-performance fluid transfer systems. Industries like construction and mining, which rely heavily on hydraulic-powered machinery such as excavators, cranes, and loaders, are expected to see an increased demand for these pumps. Furthermore, the growing trend of energy efficiency and sustainability is prompting advancements in hydraulic pump technology, with a focus on reducing energy consumption while maintaining high performance. As industrial activities continue to expand, particularly in emerging economies, the market is likely to experience further expansion, driven by the growing need for efficient and reliable hydraulic systems.
Government regulations in the hydraulic gear pumps market primarily focus on ensuring the safety and environmental sustainability of hydraulic systems. Regulatory bodies enforce standards related to energy efficiency, noise control, and the disposal of hydraulic fluids. As industries increasingly prioritize reducing their carbon footprint and improving sustainability, governments are likely to implement more stringent regulations, encouraging the development of eco-friendly hydraulic pumps and the use of energy-efficient components. These regulations will shape the future of the industry, pushing companies to innovate and adopt cleaner technologies while maintaining high performance in their products.
| Metric | Value |
|---|---|
| Industry Size (2025E) | USD 2.09 billion |
| Industry Value (2035F) | USD 3.01 billion |
| CAGR (2025 to 2035) | 3.7% |
The table below presents a comparative assessment of the variation in CAGR over six months for the base year (2024) and current year (2025) for the global hydraulic gear pump market. This analysis reveals crucial shifts in market performance and indicates revenue realization patterns, thus providing stakeholders with a better vision of the growth trajectory over the year.
The first half of the year, or H1, spans from January to June. The second half, H2, includes the months from July to December. In the first half (H1) of the semi-annual from 2024 to 2034, the business is predicted to surge at a CAGR of 2.8%, followed by a slightly higher growth rate of 4.4% in the second half (H2).
| Particular | Value CAGR |
|---|---|
| H1 2024 | 2.8% (2024 to 2034) |
| H2 2024 | 4.4% (2024 to 2034) |
| H1 2025 | 3.3% (2025 to 2035) |
| H2 2025 | 4.1% (2025 to 2035) |
Moving into the subsequent period, from H1 2025 to H2 2035, the CAGR is projected to increase slightly to 3.3% in the first half and remain relatively moderate at 4.1% in the second half. In the first half (H1) the market witnessed a decrease of 50 BPS while in the second half (H2), the market witnessed an increase of 30 BPS.
The market is segmented based on type, operating pressure, end use, and region. By type, the market is divided into external gear pumps and internal gear pumps. In terms of operating pressure, the market is segmented into upto 15 bar, 15 - 50 bar, 50 - 150 bar, 150 - 250 bar, 250 - 300 bar, and more than 300 bar.
Based on end use, the market is categorized into construction equipment, mining equipment, automotive, material handling equipment, off-highway vehicles, processing industries (chemicals, petrochemicals, oil & gas refineries, and others), and other industrial machinery and equipment. Regionally, the market is classified into North America, Latin America, Western Europe, Eastern Europe, East Asia, South Asia Pacific, and the Middle East & Africa.
The external gear pump segment is expected to grow at the highest CAGR of 6.3% from 2025 to 2035, holding a 55% share of the market. This rapid growth is fueled by the increasing demand for external gear pumps across industries such as automotive, construction, and material handling equipment. External gear pumps are known for their high efficiency, reliability, and ability to handle high-pressure fluids, making them ideal for applications in hydraulic systems. As industries focus on improving operational efficiency, reducing energy consumption, and ensuring smoother operations, external gear pumps are expected to see significant growth.
These pumps are especially favored for their simplicity and ability to deliver high performance, which makes them an attractive choice for many industries that rely on hydraulic systems. Meanwhile, the internal gear pump segment continues to play an essential role, particularly in low-to-medium pressure systems.
Internal gear pumps are widely used in industries like petrochemicals, chemicals, and oil & gas, where handling viscous fluids is crucial. Despite not growing as rapidly as the external gear pump segment, internal gear pumps offer long-term stability and reliability. While external gear pumps dominate the growth trajectory, internal gear pumps remain critical in specific industrial and process applications, ensuring their steady presence in the market.
| Type | Share (2025) |
|---|---|
| External Gear Pump | 55% |
The 15 - 50 bar operating pressure segment is projected to experience the fastest growth, with a CAGR of 6.1% from 2025 to 2035. This growth is driven by the increasing demand for hydraulic gear pumps in medium-pressure applications, particularly in industries such as construction, mining, and material handling. The 15 - 50 bar range provides the optimal operating conditions for many machinery systems, offering a perfect balance of performance and efficiency.
As industries such as construction and mining require hydraulic pumps capable of handling medium pressure while ensuring smooth operation, the demand for pumps in this range is expected to rise substantially. Additionally, as manufacturing processes become more complex, pumps capable of supporting these operations are becoming more critical. The upto 15 bar segment remains the largest by volume due to its widespread use in light-duty equipment, such as small-scale construction machines and automotive applications.
However, this segment is not growing as quickly as the 15 - 50 bar range. The 50 - 150 bar and 150 - 250 bar segments are growing steadily as well, particularly driven by their use in larger, heavy-duty applications in industries like oil & gas and larger-scale industrial machinery. While both segments are important, the 15 - 50 bar range is expected to lead the market in growth rate over the forecast period.
| Operating Pressure | CAGR (2025 to 2035) |
|---|---|
| 15 - 50 bar | 6.1% |
The construction equipment segment is expected to lead the growth of the hydraulic gear pump market, with a CAGR of 6.2% from 2025 to 2035. This growth is primarily driven by the increasing demand for hydraulic gear pumps in construction machinery, such as excavators, bulldozers, cranes, and other heavy-duty equipment. These hydraulic pumps are essential for powering various functions within construction equipment, including lifting, digging, and moving materials, which are critical for the success of construction projects.
The ongoing global infrastructure development and urbanization trends are expected to further fuel the demand for construction equipment, and consequently, for hydraulic gear pumps. Additionally, the mining equipment and automotive segments show strong growth as well, driven by the rising need for hydraulic systems in mining machinery and vehicle components. The material handling equipment and off highway vehicles segments also contribute to steady growth, fueled by the expansion of the logistics and agricultural sectors.
Moreover, the processing industry, including chemicals, petrochemicals, and oil & gas refineries, is seeing a significant increase in demand for hydraulic pumps due to their crucial role in fluid control and pressure regulation. The other industrial machinery and equipment category also remains relevant, particularly for specialized applications in smaller machinery.
| End Use | CAGR (2025 to 2035) |
|---|---|
| Construction Equipment | 6.2% |
Right fitment applicability of hydraulic gear pumps in various end-use industries to propel market growth
Hydraulic gear pumps have long been used in various industrial end applications. It continues to be popular among end-users due to its simple design, flexibility, ease of use, and versatility. These characteristics make hydraulic gear pumps suitable for chemicals as well as other industrial processes. Moreover, the price range of hydraulic gear pumps is quite reasonable compared to other replacement pumps.
With increasing needs for industrial equipment used in a huge number of industries across the globe, demand for hydraulic gear pumps is expected to increase in the production process of such industrial equipment over some time. The increasing demand for easy-to-use pump solutions with appropriate equipment is expected to boost hydraulic systems. Gear pump demand throughout the forecast period.
The threat of substitutes to hamper market growth shortly
In recent years, factory automation has been crucial to manufacturing, offering development in the industrial production output. Industry players are utilizing intelligent machines significantly to improve the rate of industrial production, making it more energy and cost-efficient, and at the same time driving sustainability and reducing waste.
To meet the changing requirements of consumers across the globe, end users from various industries are utilizing alternative pump solutions in place of hydraulic gear pumps, owing to their operational inefficiency as compared to other types of advanced pumps.
When it comes to agricultural equipment, end users are utilizing electrically controlled medium-pressure pumps in place of gear pumps. Growing adoption of other alternative pumping solutions, such as piston pumps, is expected to hamper demand for hydraulic gear pumps over the forecast period.
Enter into long-term contracts with market players to gain a competitive advantage.
Demand for hydraulic gear pumps is mostly driven by the momentum of end-use industries. The majority of these end-use industries have a consolidated market structure where limited market players are present in the market.
These players open contracts and agreements to supply desired products per a specific set of requirements. Entering into such types of long-term contracts with these players is expected to help players gain a competitive advantage in such consolidated end-use industries.
Popular trends of industrialization boosting the use of material-handling equipment
Increasing demands from various end users across the globe are giving a boost to manufacturing companies and demands for advanced machinery are expected to grow in the coming years. Moreover, boosting the pace of industrialization in developed as well as developing countries is increasing the demand for technically advanced and efficient equipment used in various industrial processes.
To meet the demand, logistics and supply chains play a vital role across all industries. Material handling equipment is used to deliver and move the goods and materials to attain the right time availability of products. Material handling equipment decreases the risk of downtime of manufacturing equipment.
The need for material handling equipment is expected to spur in the coming years, owing to the growing trend of industrialization. The inevitable use of hydraulic gear pumps in material handling equipment is expected to be one of the primary drivers for the growth of the global hydraulic pumps market over the forecast period.
Tier 1 companies comprise market leaders with a market revenue of above USD 40 million capturing a significant market share of 65% to 75% in the global market. These market leaders are characterized by high production capacity and a wide product portfolio. These market leaders are distinguished by their extensive expertise in manufacturing across multiple packaging formats and a broad geographical reach, underpinned by a robust consumer base.
They provide a wide range of series including recycling, and manufacturing utilizing the latest technology meeting regulatory standards providing the highest quality. Prominent companies within Tier 1 include Eaton Corporation, Parker-Hannifin Corporation, and Bucher Hydraulics GmbH.
Tier 2 companies include mid-size players with revenue of USD 20 to 40 million having a presence in specific regions and highly influencing the local market. These are characterized by a strong presence overseas and strong market knowledge.
These market players have good technology and ensure regulatory compliance but may not have advanced technology and wide global reach. Prominent companies in tier 2 include Viking Pump Inc., Roper Pump Company, Kawasaki Heavy Industries, Ltd, and Concentric AB.
Tier 3 includes the majority of small-scale companies operating at the local presence and serving niche markets having revenue below USD 20 million. These companies are notably oriented towards fulfilling local market demands and are consequently classified within the tier 3 share segment.
They are small-scale players and have limited geographical reach. Tier 3, within this context, is recognized as an unorganized market, denoting a sector characterized by a lack of extensive structure and formalization when compared to organized competitors.
The section below covers the industry analysis for the hydraulic gear pumps market for different countries. Market demand analysis on key countries in several regions of the globe, including North America, Asia Pacific, Western Europe, and others, is provided. The USA is anticipated to remain at the forefront in North America, with a value share of 71.2% through 2034. In East Asia, China is projected to witness a CAGR of 3.4% by 2035.
| Countries | Value CAGR (2025 to 2035) |
|---|---|
| USA | 1.8% |
| China | 3.4% |
| Japan | 3.2% |
| ASEAN | 4.1% |
| South Korea | 2.8% |
| Canada | 2.2% |
The ASEAN hydraulic gear pumps market is expected to grow at a CAGR of 4.1% from 2025 to 2035, reaching a valuation of over USD 208.4 million by 2034. This region is the dominating market in South Asia Pacific and it is likely to sustain this trend throughout the forecast period.
Key factors driving the growth hydraulic gear pump market include the expansion of industrial sectors such as construction and agriculture, which rely on hydraulic systems for efficient machinery operations. The increasing requirement for off-road vehicles especially in the ASEAN region to increase the use of hydraulic gear pumps, as hydraulic systems in these machines thoroughly depend on the pump.
According to OICA, global production of vehicles in the year 2019 reached about 91.7 million units, while the estimation so far for the year 2023 indicates that the output has increased to more than 85 million units after an epidemic-related reason.
Due to this mentioned increase in the production of vehicles, and especially in ASEAN where the sales and production of cars are on the rapid rise, the demand for hydraulic gear pumps will increase not only on normal vehicles but also on special purpose vehicles. With the increasing use of power steering, anti-lock brakes, and other hydraulic systems found in cars, the market's growth will also be enhanced.
| Report Attributes | Details |
|---|---|
| Current Total Market Size (2025) | USD 2.09 billion |
| Projected Market Size (2035) | USD 3.01 billion |
| Overall Market CAGR (2025 to 2035) | 3.7% |
| Base Year for Estimation | 2023 |
| Historical Period | 2020 to 2024 |
| Projections Period | 2025 to 2035 |
| Analysis Parameter | Revenue in USD billion/Volume in Units |
| By Type | External Gear Pump and Internal Gear Pump |
| By Operating Pressure | Upto 15 bar, 15-50 bar, 50-150 bar, 150-250 bar, 250-300 bar, and more than 300 bar |
| By End Use | Construction Equipment, Mining Equipment, Automotive, Material Handling Equipment, Off Highway Vehicles, Processing Industry, and Other Industrial Machinery and Equipment |
| By Regions | North America, Latin America, Western Europe, Eastern Europe, East Asia, South Asia Pacific, and Middle East & Africa |
| Countries Covered | United States, Japan, Germany, India, United Kingdom, France, Italy, Brazil, Canada, South Korea, Australia, Spain, Netherlands, Saudi Arabia, Switzerland |
| Key Players | Eaton Corporation Plc, PARKER HANNIFIN CORP, Bucher Hydraulics GmbH, KYB Corporation, Bosch Rexroth AG, CASAPPA S.p.A., Dynamatic Technologies Ltd., Linde Hydraulics GmbH & Co. KG, Roper Pump Company, Kawasaki Heavy Industries, Ltd., Concentric AB, Viking Pump Inc., Hema Endüstri A.Ş., Settima Meccanica Srl, Marzocchi Pompe S.p.A., HyDAC, Gemma Automotive, Daikin Industries Ltd, Eckerle, and KSB SE & Co. KGaA. |
| Additional Attributes | Dollar sales by value, market share analysis by region, country-wise analysis |
| Customization and Pricing | Available upon request |
In terms of type, the industry is divided into external gear pumps and internal gear pumps.
In terms of operating pressure, the industry is divided into up to 15 bar, 15 - 50 bar, 50 - 150 bar, 150 - 250 bar, 250 - 300 bar and More Than 300 bar.
In terms of Technology, the industry is divided into self-contained, remote condensing, and multiple condensing.
In terms of end use, the industry is segregated into construction equipment, mining equipment, automotive, material handling equipment, off-highway vehicles, processing industry, and industrial machinery and equipment. The processing Industry is further categorized into chemicals, petrochemicals, oil & gas refineries, and others.
Key regions of North America, Latin America, Western Europe, Eastern Europe, East Asia, South Asia & Pacific, and Middle East & Africa have been covered in the report.
The market is expected to reach USD 3.01 billion by 2035 from USD 2.09 billion in 2025, at a CAGR of 3.7%.
The external gear pump segment is the fastest-growing, registering a CAGR of 6.3%.
The 15 - 50 bar segment is the fastest-growing pressure range with a CAGR of 6.1%.
Increasing demand for fluid power systems, industrial automation, energy efficiency regulations, and infrastructure growth drive market demand.
Key players include Eaton, PARKER HANNIFIN, Bucher Hydraulics, KYB, Bosch Rexroth, CASAPPA, Dynamatic Technologies, Linde Hydraulics, Roper Pump, and Kawasaki Heavy Industries.
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Hydraulic Gear Pumps Market
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