Gear Pump Market by End-user and Geography - Forecast and Analysis 2022-2026

Published: Mar 2022

Pages: 120

SKU: IRTNTR72066

Snapshot

The gear pump market share is expected to increase by USD 660.16 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 6.08%. This gear pump market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. The gear pump market report also offers information on several market vendors, including A and S Hydraulic Co. Ltd., Avingtrans plc, Bailey International LLC, Bucher Industries AG, CASAPPA S.p.A., Daikin Industries Ltd., Danfoss AS, Dover Corp., Eaton Corp. Plc, Flowserve Corp., Hudaco Industries Ltd., IDEX Corp., Kawasaki Heavy Industries Ltd., KSB SE and Co. KGaA, KYB Corp., Linde Hydraulics GmbH and Co. KG, Parker Hannifin Corp., Permco Inc., Robert Bosch GmbH, and Roper Pump Co. among others. Furthermore, this report extensively covers gear pump market segmentation by end-user (heavy industry sector, agriculture and forestry, automotive, and others) and geography (APAC, North America, Europe, South America, and Middle East and Africa).

What will the Gear Pump Market Size be During the Forecast Period?

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Gear Pump Market: Key Drivers, Trends, and Challenges

The mechanization of agriculture and growth of the agriculture machinery market is notably driving the gear pump market growth, although factors such as contraction in the mining industry in China may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the gear pump industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Gear Pump Market Driver

The mechanization of agriculture and growth of the agriculture machinery market is one of the key drivers supporting the gear pump market growth. Global agricultural production needs to double by 2050 to cater to the needs of the growing global population while simultaneously ensuring sustainability. To achieve the 2050 production goals, the total factor productivity (TFP) for agricultural production systems will need to increase. The need for higher TFP will require the mechanization of various agricultural practices, which will consequently increase the adoption rate of various kinds of mechanized agricultural machinery, such as tractors, automatic seed dispensers, and harvesting machines. Moreover, it is a method wherein different agricultural machinery is used to mechanize traditional agricultural processes and scale up the productivity of farmers. Such factors will drive market growth during the forecast period.

Key Gear Pump Market Trend

Rising investments in chemical manufacturing facilities in emerging economies is one of the key gear pump market trends that is contributing to the market growth. For instance, in 2019, Daelim Industrial Co. Ltd. announced plans to build a polybutene plant in Saudi Arabia. The construction of this manufacturing plant is scheduled to begin in 2022. The plant will start its commercial production in 2024. Various established players in the chemical and petrochemical industries are opening manufacturing facilities in emerging economies, owing to the availability of raw materials, inexpensive labor, and other resources. Thus, the expansion and investment plans of chemical manufacturers in emerging markets are expected to have a positive impact on the global gear pumps market during the forecast period.

Key Gear Pump Market Challenge

Contraction in the mining industry in China is one of the factors hindering the gear pump market growth. The government of China has directed companies to shift from coal-fired plants to renewable energy-based plants for electricity generation due to the rampant air pollution in the country, which is mainly blamed on the use of coal for power generation. The region also planned to reduce the domestic production of coal and suspended approvals for several new mines that were due to commence in 2016. However, with construction activities slowing down due to the economic conditions prevailing in the country, the demand for metals will suffer a setback and affect the global mining industry. Thus, the decreasing imports and production of coal and metals by China will adversely impact the demand for mining equipment and will ultimately affect the global gear pumps market during the forecast period.

This gear pump market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global gear pump market as a part of the global industrial machinery market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the gear pump market during the forecast period.

Who are the Major Gear Pump Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

This statistical study of the gear pump market encompasses successful business strategies deployed by the key vendors. The gear pump market is fragmented and the vendors are deploying growth strategies such as price, project management, delivery timelines, aftermarket maintenance and services, as well as previous engagements with the pump manufacturer to compete in the market.

Product Insights and News

A and S Hydraulic Co. Ltd. - Under the unified segment, the company offers hydraulic pump, hydraulic valve, hydraulic cylinder, hydraulic motor, hydraulic components and many more.
A and S Hydraulic Co. Ltd. - The company offers wide range of gear pumps such as Atos POX-34940, Atos POX-349, and more.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The gear pump market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Gear Pump Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the gear pump market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Gear Pump Market?

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41% of the market's growth will originate from APAC during the forecast period. China and Japan are the key markets for the gear pump market in APAC. Market growth in this region will be faster than the growth of the market in other regions.

Significant growth in construction activities and the adoption of construction machinery and material-handling equipment will facilitate the gear pump market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The outbreak of COVID-19 in 2020 hindered the growth of the regional gear pumps market. However, after the second wave of COVID-19 in the first half of 2021, stringent safety norms have been followed, besides the initiation of large-scale vaccination drives. This has resulted in the resumption of construction and other industrial activities, fueling the demand for equipment and machinery. Such factors will drive the regional market during the forecast period.

What are the Revenue-generating End-user Segments in the Gear Pump Market?

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The gear pump market share growth by the heavy industry sector segment will be significant during the forecast period. The heavy industry sector includes machinery that is used extensively in capital-intensive sectors such as mining, infrastructure development, and construction. The demand for gear pumps is primarily attributed to the growth of these activities, as heavy industrial machinery uses a variety of high-performance pumps that aid in reducing energy consumption and ensuring more efficient operation of the machinery. Such beneficiary attributes will drive the segment growth during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the gear pump market size and actionable market insights on post COVID-19 impact on each segment.

Gear Pump Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 6.08%
Market growth 2022-2026	$ 660.16 million
Market structure	Fragmented
YoY growth (%)	5.41
Regional analysis	APAC, North America, Europe, South America, and Middle East and Africa
Performing market contribution	APAC at 41%
Key consumer countries	US, China, Japan, Russia, and Germany
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	A and S Hydraulic Co. Ltd., Avingtrans plc, Bailey International LLC, Bucher Industries AG, CASAPPA S.p.A., Daikin Industries Ltd., Danfoss AS, Dover Corp., Eaton Corp. Plc, Flowserve Corp., Hudaco Industries Ltd., IDEX Corp., Kawasaki Heavy Industries Ltd., KSB SE and Co. KGaA, KYB Corp., Linde Hydraulics GmbH and Co. KG, Parker Hannifin Corp., Permco Inc., Robert Bosch GmbH, and Roper Pump Co.
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Gear Pump Market Report?

CAGR of the market during the forecast period 2022-2026
Detailed information on factors that will drive gear pump market growth during the next five years
Precise estimation of the gear pump market size and its contribution to the parent market
Accurate predictions on upcoming trends and changes in consumer behavior
The growth of the gear pump industry across APAC, North America, Europe, South America, and Middle East and Africa
A thorough analysis of the market's competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of gear pump market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch

Table of Contents

1 Executive Summary

1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
- Exhibit 06: Executive Summary – Chart on Incremental Growth
- Exhibit 07: Executive Summary – Data Table on Incremental Growth
- Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
- Exhibit 09: Parent market
- Exhibit 10: Market Characteristics

3 Market Sizing

3.1 Market definition
- Exhibit 11: Offerings of vendors included in the market definition

3.2 Market segment analysis
- Exhibit 12: Market segments

3.3 Market size 2021

3.4 Market outlook: Forecast for 2021-2026
- Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
- Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

4.1 Five forces summary
- Exhibit 17: Five forces analysis - Comparison between 2021 and 2026

4.2 Bargaining power of buyers
- Exhibit 18: Bargaining power of buyers – Impact of key factors in 2021 and 2026

4.3 Bargaining power of suppliers
- Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

4.4 Threat of new entrants
- Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026

4.5 Threat of substitutes
- Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026

4.6 Threat of rivalry
- Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026

4.7 Market condition
- Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by End-user

5.1 Market segments
- Exhibit 24: Chart on End-user - Market share 2021-2026 (%)
- Exhibit 25: Data Table on End-user - Market share 2021-2026 (%)

5.2 Comparison by End-user
- Exhibit 26: Chart on Comparison by End-user
- Exhibit 27: Data Table on Comparison by End-user

5.3 Heavy industry sector - Market size and forecast 2021-2026
- Exhibit 28: Chart on Heavy industry sector - Market size and forecast 2021-2026 ($ million)
- Exhibit 29: Data Table on Heavy industry sector - Market size and forecast 2021-2026 ($ million)
- Exhibit 30: Chart on Heavy industry sector - Year-over-year growth 2021-2026 (%)
- Exhibit 31: Data Table on Heavy industry sector - Year-over-year growth 2021-2026 (%)

5.4 Agriculture and forestry - Market size and forecast 2021-2026
- Exhibit 32: Chart on Agriculture and forestry - Market size and forecast 2021-2026 ($ million)
- Exhibit 33: Data Table on Agriculture and forestry - Market size and forecast 2021-2026 ($ million)
- Exhibit 34: Chart on Agriculture and forestry - Year-over-year growth 2021-2026 (%)
- Exhibit 35: Data Table on Agriculture and forestry - Year-over-year growth 2021-2026 (%)

5.5 Automotive - Market size and forecast 2021-2026
- Exhibit 36: Chart on Automotive - Market size and forecast 2021-2026 ($ million)
- Exhibit 37: Data Table on Automotive - Market size and forecast 2021-2026 ($ million)
- Exhibit 38: Chart on Automotive - Year-over-year growth 2021-2026 (%)
- Exhibit 39: Data Table on Automotive - Year-over-year growth 2021-2026 (%)

5.6 Others - Market size and forecast 2021-2026
- Exhibit 40: Chart on Others - Market size and forecast 2021-2026 ($ million)
- Exhibit 41: Data Table on Others - Market size and forecast 2021-2026 ($ million)
- Exhibit 42: Chart on Others - Year-over-year growth 2021-2026 (%)
- Exhibit 43: Data Table on Others - Year-over-year growth 2021-2026 (%)

5.7 Market opportunity by End-user
- Exhibit 44: Market opportunity by End-user ($ million)

6 Customer Landscape

6.1 Customer landscape overview
- Exhibit 45: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

7.1 Geographic segmentation
- Exhibit 46: Chart on Market share by geography 2021-2026 (%)
- Exhibit 47: Data Table on Market share by geography 2021-2026 (%)

7.2 Geographic comparison
- Exhibit 48: Chart on Geographic comparison
- Exhibit 49: Data Table on Geographic comparison

7.3 APAC - Market size and forecast 2021-2026
- Exhibit 50: Chart on APAC - Market size and forecast 2021-2026 ($ million)
- Exhibit 51: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
- Exhibit 52: Chart on APAC - Year-over-year growth 2021-2026 (%)
- Exhibit 53: Data Table on APAC - Year-over-year growth 2021-2026 (%)

7.4 North America - Market size and forecast 2021-2026
- Exhibit 54: Chart on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 55: Data Table on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 56: Chart on North America - Year-over-year growth 2021-2026 (%)
- Exhibit 57: Data Table on North America - Year-over-year growth 2021-2026 (%)

7.5 Europe - Market size and forecast 2021-2026
- Exhibit 58: Chart on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 59: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 60: Chart on Europe - Year-over-year growth 2021-2026 (%)
- Exhibit 61: Data Table on Europe - Year-over-year growth 2021-2026 (%)

7.6 South America - Market size and forecast 2021-2026
- Exhibit 62: Chart on South America - Market size and forecast 2021-2026 ($ million)
- Exhibit 63: Data Table on South America - Market size and forecast 2021-2026 ($ million)
- Exhibit 64: Chart on South America - Year-over-year growth 2021-2026 (%)
- Exhibit 65: Data Table on South America - Year-over-year growth 2021-2026 (%)

7.7 Middle East and Africa - Market size and forecast 2021-2026
- Exhibit 66: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
- Exhibit 67: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
- Exhibit 68: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
- Exhibit 69: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)

7.8 US - Market size and forecast 2021-2026
- Exhibit 70: Chart on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 71: Data Table on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 72: Chart on US - Year-over-year growth 2021-2026 (%)
- Exhibit 73: Data Table on US - Year-over-year growth 2021-2026 (%)

7.9 China - Market size and forecast 2021-2026
- Exhibit 74: Chart on China - Market size and forecast 2021-2026 ($ million)
- Exhibit 75: Data Table on China - Market size and forecast 2021-2026 ($ million)
- Exhibit 76: Chart on China - Year-over-year growth 2021-2026 (%)
- Exhibit 77: Data Table on China - Year-over-year growth 2021-2026 (%)

7.10 Russia - Market size and forecast 2021-2026
- Exhibit 78: Chart on Russia - Market size and forecast 2021-2026 ($ million)
- Exhibit 79: Data Table on Russia - Market size and forecast 2021-2026 ($ million)
- Exhibit 80: Chart on Russia - Year-over-year growth 2021-2026 (%)
- Exhibit 81: Data Table on Russia - Year-over-year growth 2021-2026 (%)

7.11 Japan - Market size and forecast 2021-2026
- Exhibit 82: Chart on Japan - Market size and forecast 2021-2026 ($ million)
- Exhibit 83: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
- Exhibit 84: Chart on Japan - Year-over-year growth 2021-2026 (%)
- Exhibit 85: Data Table on Japan - Year-over-year growth 2021-2026 (%)

7.12 Germany - Market size and forecast 2021-2026
- Exhibit 86: Chart on Germany - Market size and forecast 2021-2026 ($ million)
- Exhibit 87: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
- Exhibit 88: Chart on Germany - Year-over-year growth 2021-2026 (%)
- Exhibit 89: Data Table on Germany - Year-over-year growth 2021-2026 (%)

7.13 Market opportunity by geography
- Exhibit 90: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

8.1 Market drivers

8.2 Market challenges

8.3 Impact of drivers and challenges
- Exhibit 91: Impact of drivers and challenges in 2021 and 2026

8.4 Market trends

9 Vendor Landscape

9.1 Overview

9.2 Vendor landscape
- Exhibit 92: Overview on Criticality of inputs and Factors of differentiation

9.3 Landscape disruption
- Exhibit 93: Overview on factors of disruption

9.4 Industry risks
- Exhibit 94: Impact of key risks on business

10 Vendor Analysis

10.1 Vendors covered
- Exhibit 95: Vendors covered

10.2 Market positioning of vendors
- Exhibit 96: Matrix on vendor position and classification

10.3 A and S Hydraulic Co. Ltd.
- Exhibit 97: A and S Hydraulic Co. Ltd. - Overview
- Exhibit 98: A and S Hydraulic Co. Ltd. - Product / Service
- Exhibit 99: A and S Hydraulic Co. Ltd. - Key offerings

10.4 Avingtrans plc
- Exhibit 100: Avingtrans plc - Overview
- Exhibit 101: Avingtrans plc - Business segments
- Exhibit 102: Avingtrans plc - Key offerings
- Exhibit 103: Avingtrans plc - Segment focus

10.5 Bailey International LLC
- Exhibit 104: Bailey International LLC - Overview
- Exhibit 105: Bailey International LLC - Product / Service
- Exhibit 106: Bailey International LLC - Key offerings

10.6 Danfoss AS
- Exhibit 107: Danfoss AS - Overview
- Exhibit 108: Danfoss AS - Business segments
- Exhibit 109: Danfoss AS - Key offerings
- Exhibit 110: Danfoss AS - Segment focus

10.7 Eaton Corp. Plc
- Exhibit 111: Eaton Corp. Plc - Overview
- Exhibit 112: Eaton Corp. Plc - Business segments
- Exhibit 113: Eaton Corp. Plc - Key news
- Exhibit 114: Eaton Corp. Plc - Key offerings
- Exhibit 115: Eaton Corp. Plc - Segment focus

10.8 Flowserve Corp.
- Exhibit 116: Flowserve Corp. - Overview
- Exhibit 117: Flowserve Corp. - Business segments
- Exhibit 118: Flowserve Corp. - Key offerings
- Exhibit 119: Flowserve Corp. - Segment focus

10.9 Kawasaki Heavy Industries Ltd.
- Exhibit 120: Kawasaki Heavy Industries Ltd. - Overview
- Exhibit 121: Kawasaki Heavy Industries Ltd. - Business segments
- Exhibit 122: Kawasaki Heavy Industries Ltd. - Key news
- Exhibit 123: Kawasaki Heavy Industries Ltd. - Key offerings
- Exhibit 124: Kawasaki Heavy Industries Ltd. - Segment focus

10.10 Parker Hannifin Corp.
- Exhibit 125: Parker Hannifin Corp. - Overview
- Exhibit 126: Parker Hannifin Corp. - Business segments
- Exhibit 127: Parker Hannifin Corp. - Key offerings
- Exhibit 128: Parker Hannifin Corp. - Segment focus

10.11 Permco Inc.
- Exhibit 129: Permco Inc. - Overview
- Exhibit 130: Permco Inc. - Product / Service
- Exhibit 131: Permco Inc. - Key offerings

10.12 Robert Bosch GmbH
- Exhibit 132: Robert Bosch GmbH - Overview
- Exhibit 133: Robert Bosch GmbH - Business segments
- Exhibit 134: Robert Bosch GmbH - Key news
- Exhibit 135: Robert Bosch GmbH - Key offerings
- Exhibit 136: Robert Bosch GmbH - Segment focus

11 Appendix

11.1 Scope of the report

11.2 Inclusions and exclusions checklist
- Exhibit 137: Inclusions checklist
- Exhibit 138: Exclusions checklist

11.3 Currency conversion rates for US$
- Exhibit 139: Currency conversion rates for US$

11.4 Research methodology
- Exhibit 140: Research methodology
- Exhibit 141: Validation techniques employed for market sizing
- Exhibit 142: Information sources

11.5 List of abbreviations
- Exhibit 143: List of abbreviations

in manufacturing industry: Market dynamics in some major process and discrete industries are changing drastically, and manufacturers are gradually feeling the brunt of excessive demand fluctuations. The fluctuating prices of oil and gas and metals in the global market and the shortage of a skilled workforce worldwide have directly affected the profitability of manufacturing companies. A sudden and unexpected shift in market dynamics can drastically impact manufacturing processes and investments in capital goods.

Methodology

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary sources

Manufacturers and suppliers
Channel partners
Industry experts
Strategic decision makers

Secondary sources

Industry journals and periodicals
Government data
Financial reports of key industry players
Historical data
Press releases

DATA ANALYSIS

Data Synthesis

Collation of data
Estimation of key figures
Analysis of derived insights

Data Validation

Triangulation with data models
Reference against proprietary databases
Corroboration with industry experts

REPORT WRITING

Qualitative

Market drivers
Market challenges
Market trends
Five forces analysis

Quantitative

Market size and forecast
Market segmentation
Geographical insights
Competitive landscape

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Key Questions Answered

What are the key global market and the regional market share?
What are the revenue-generating key market segments?
What are the key factors driving and challenging this market’s growth?
Who are the key market vendors and their growth strategies?
What are the latest trends influencing the growth of this market?
What are the variables influencing the market growth in the primary regions?
What are the factors influencing the growth of the parent market?

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