Market Highlights:
Hydraulic gear pumps rely on the gear meshing to pump fluids throughout a system with extremely narrow mechanical clearances between the gears. As the gears rotate, the hydraulic fluid gets pumped in forward direction towards the discharge point. Hydraulic gear pump is primarily used in earth moving equipment, material handling equipment, agricultural machinery, and construction equipment.
As the energy consumption is less in hydraulic gear pump, it satisfies the increasing demand for energy efficient pumping solutions. Hence, the rising environmental concerns are expected to drive the demand of hydraulic gear pump during the forecast period. However, the high cost of hydraulic gear pump assembly is expected to restrain the demand of hydraulic gear pump during the forecast period.
Key Players Analyzed in This Report are:
Linde Hydraulics GmbH & Co. Kg (Germany), Bosch Rexroth AG (Germany), Eaton Corporation Plc (Republic of Ireland), Kawasaki Heavy Industries, Ltd(Japan), and Bucher Hydraulics GmbH (Switzerland). Parker Hannifin Corp (US), Dynamatic Technologies Limited (India), HYDAC(Germany), Sapricon Hydraulic Industries(India), Gemma Automotive (Turkey), Marzocchi Pompe S.p.A. (Italy), and Daikin Industries, Ltd. (Japan), are among others
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Hydraulic Gear Pump Market Segmentation:
• Global hydraulic gear pump market is segmented on the basis of vehicle type, product type, operating pressure, application, distribution channel, and region.
• On the basis of vehicle type, the market has been segmented into light duty vehicles, heavy duty vehicles, and material handling vehicles.
• On the basis of product type, the market has been segmented into external gear pump, and internal gear pump.
• On the basis of operating pressure, the market has been segmented into less than 100 Bar, 100–300 Bar, and above 300 Bar.
• On the basis of application, the market has been segmented into transmission/clutches, electrohydraulic powered steering, hybrid propulsion, and lifting application.
• On the basis of distribution channel, the market has been segmented into original equipment manufacturer (OEM) and aftermarket.
Regional Analysis:
Geographically, the global hydraulic gear pump market has been segmented into the four regions of North America, Europe, Asia-Pacific, and the Rest of the World. North America is estimated to hold the highest market share throughout the forecast period, owing to the growing agricultural and construction activities coupled with increased construction spending across various countries. For instance, according to the US Census Bureau, the construction spending rose from USD 788 billion in 2011 to USD 1231 billion in 2017 in the US. Furthermore, Europe is estimated to hold substantial market share during the forecast period. The presence of major market players such as Linde Hydraulics GmbH & Co. Kg, Bosch Rexroth AG, Eaton Corporation Plc, Bucher Hydraulics GmbH, HYDAC, and Marzocchi Pompe S.p.A. along with the strong demand for the heavy-duty vehicles are expected to fuel the growth of the Europe market.
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Report Coverage
This study provides an overview of the global hydraulic gear pump market, tracking five market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume, and share for North America, Europe, Asia-Pacific, and the Rest of the World. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global hydraulic gear pump market by product type, operating pressure, vehicle type, application, distribution channel, and regions.
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