Press release
External Gear Pump Market to Reach US$ 11.32 Billion by 2031, Driven by Industrial Automation and Infrastructure Growth
External Gear Pump Market
The report highlights that the External Gear Pump Market Size is projected to reach US$ 8.3 billion in 2024 and is expected to grow to US$ 11.32 billion by 2031. The market is anticipated to register a compound annual growth rate (CAGR) of 4.8% during the forecast period from 2025 to 2031, reflecting consistent demand for reliable, efficient, and cost-effective fluid transfer solutions.
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Market Overview
External gear pumps are positive displacement pumps widely used in hydraulic systems for transferring fluids at a constant flow rate. Their simple design, high durability, ease of maintenance, and capability to handle a wide range of fluid viscosities make them a preferred choice in numerous applications. Industries such as industrial manufacturing, agriculture, oil & gas, chemical processing, power generation, and automotive continue to rely heavily on external gear pumps to support critical operations.
The steady growth of the market is attributed to accelerating industrial automation, increasing infrastructure and construction activities, and the modernization of machinery across emerging and developed economies. Furthermore, the growing use of hydraulic systems in heavy equipment and mobile machinery is reinforcing the long-term demand for external gear pump solutions.
Key Growth Drivers
The Insight Partners report identifies several factors fueling market growth:
Industrial Automation and Manufacturing Expansion: Growing adoption of automated systems has increased reliance on hydraulic components that provide consistent and efficient performance.
Infrastructure and Construction Development: Large-scale infrastructure projects worldwide are driving demand for construction equipment powered by hydraulic systems.
Automotive and Off-Highway Applications: External gear pumps play a critical role in lubrication, fuel handling, and hydraulic power transmission systems.
Energy and Process Industries: Oil & gas, chemical, and power generation sectors continue to adopt robust pumping solutions capable of operating under high pressure and harsh conditions.
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Regional Insights
Asia Pacific holds a prominent share of the global external gear pump market, supported by rapid industrialization and expanding manufacturing activities in countries such as China and India. North America and Europe represent stable and mature markets, driven by technological upgrades, replacement demand, and strong presence of established pump manufacturers. Meanwhile, gradual industrial development and energy sector investments are expected to support growth opportunities in the Middle East, Africa, and South America.
Competitive Landscape
The external gear pump market is moderately competitive, with global and regional players focusing on product innovation, efficiency improvements, and strategic partnerships to expand their market presence.
Key players operating in the global external gear pump market include:
• Bosch Rexroth AG
• Danfoss AS
• Bucher Hydraulics GmbH
• Parker Hannifin Corporation
• Kawasaki Heavy Industries Ltd
• CASAPPA S.p.A
• Bailey International LLC
• HYDAC International GmbH
• Viking Pump, Inc.
• Gorman-Rupp Pumps
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Future Outlook
Looking ahead, the external gear pump market is poised for sustained growth as industries continue to prioritize efficiency, reliability, and energy optimization. Advancements in materials, precision engineering, and digital monitoring systems are expected to enhance pump performance and lifespan. Additionally, the rising demand for customized hydraulic solutions tailored to specific industrial applications will create new growth opportunities for market participants. As global industrial and infrastructure investments continue, external gear pumps are expected to remain a vital component of modern hydraulic systems through 2031.
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Contact Us:
If you have any queries about this report or if you would like further information, don't hesitate to get in touch with us:
Contact Person: Ankit Mathur
E-mail: sales@theinsightpartners.com
Phone: +1-646-491-9876
About The Insight Partners
The Insight Partners is a leading market research and consulting firm delivering actionable insights through in-depth industry analysis and strategic intelligence. The firm supports clients across various industries in making informed business decisions by providing comprehensive market forecasts, competitive assessments, and growth opportunities.
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