External Gear Pump Market Future Scope: Growth, Share, Value, Size,...

External Gear Pump Market Future Scope: Growth, Share, Value, Size, Analysis , Industry Overview and Forecast to 2031

Posted 2025-01-22 14:32:06

External Gear Pump Market Size And Forecast by 2031

Central to the analysis is the identification and evaluation of the Top 10 Companies in the External Gear Pump Market. These organizations are recognized for their substantial market share and pivotal roles in driving industry growth. The report provides a detailed assessment of their business strategies, ranging from product development to market expansion efforts. It also highlights how these companies leverage technological advancements and market trends to maintain their leadership positions.

Data Bridge Market Research analyzes that the global external gear pump market which was USD 238.1 million in 2023, is likely to reach USD 328.9 million by 2031, and is expected to undergo a CAGR of 3.90% during the forecast period.

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Which are the top companies operating in the External Gear Pump Market?

The Top 10 Companies in External Gear Pump Market include well-established players. These companies are known for their market expertise, strong product portfolios, and significant market share. Their innovation, customer focus, and global operations have helped them maintain leadership positions in the market, offering high-quality solutions and services that meet the evolving needs of consumers.

**Segments**

- Based on type, the external gear pump market can be segmented into spur gear pump, helical gear pump, herringbone gear pump, and others. Each type offers unique features and benefits, catering to different application requirements. Spur gear pumps are known for their simplicity and cost-effectiveness, making them suitable for various industries. Helical gear pumps provide smoother flow and higher efficiency, ideal for applications demanding precision. Herringbone gear pumps offer reduced noise levels and vibration, making them suitable for critical applications where noise is a concern.

- In terms of material, the external gear pump market can be segmented into cast iron, stainless steel, bronze, and others. The choice of material plays a crucial role in the performance and durability of the pump. Cast iron pumps are known for their strength and abrasion resistance, making them suitable for challenging industrial environments. Stainless steel pumps offer superior corrosion resistance, ideal for handling aggressive fluids. Bronze pumps are preferred for applications requiring compatibility with specific chemicals or fluids.

- On the basis of end-user industry, the external gear pump market can be segmented into oil & gas, chemical & petrochemical, automotive, agriculture, food & beverage, and others. Each industry segment has distinct requirements and demands for external gear pumps. The oil & gas sector relies on external gear pumps for various upstream and downstream operations, including refining and transportation. The chemical & petrochemical industry utilizes gear pumps for handling corrosive fluids and chemicals. The automotive sector uses gear pumps in engines, transmissions, and hydraulic systems for optimal performance.

**Market Players**

- Some of the key players operating in the global external gear pump market include Bosch Rexroth AG, Eaton, Parker Hannifin Corp, Kawasaki Heavy Industries, Ltd., Danfoss, Gardner Denver, Inc., Tuthill Corporation, Armstrong Fluid Technology, among others. These companies focus on product innovation, strategic partnerships, and expansions to enhance their market presence and cater to diverse customer needs. With a strongThe external gear pump market is witnessing significant growth and evolution driven by the diverse segmentation of pump types, materials, and end-user industries. The segmentation based on type highlights the distinct features and advantages offered by different gear pump variants. Spur gear pumps are favored for their simplicity and cost-effectiveness, making them widely applicable across various industries. On the other hand, helical gear pumps stand out for their smooth flow characteristics and high efficiency, making them ideal for precision-demanding applications. Herringbone gear pumps are recognized for their ability to reduce noise and vibration levels, ensuring suitability for critical applications where noise pollution is a concern. By catering to specific needs and requirements, these segmented types of gear pumps address a wide spectrum of industrial applications, enhancing operational efficiency and performance.

The segmentation based on material underscores the importance of material selection in determining the pump's performance and durability. Cast iron gear pumps are renowned for their strength and resistance to abrasion, making them well-suited for harsh industrial environments where reliability is crucial. Stainless steel gear pumps offer superior corrosion resistance, making them a preferred choice for applications handling aggressive fluids that require a high level of durability. Bronze gear pumps find their niche in applications where compatibility with specific chemicals or fluids is essential, showcasing the importance of material diversity in meeting specialized industry requirements. The segmented approach to material classification enables manufacturers and end-users to choose gear pumps that align with their operational needs, ensuring optimal performance and longevity.

Furthermore, the segmentation based on end-user industries provides insights into the diverse applications and demands for external gear pumps across various sectors. The oil & gas industry relies heavily on external gear pumps for a wide range of operations, including refining processes, transportation of fluids, and maintenance of critical systems. In the chemical & petrochemical sector, gear pumps play a vital role in handling corrosive fluids and chemicals with precision and efficiency. The automotive industry utilizes gear pumps in engines, transmissions, and hydraulic systems to optimize performance and ensure seamless operation. By segmenting the market based on**Market Players**

- Parker Hannifin Corporation (U.S.)
- Bosch Rexroth AG (Germany)
- Eaton Corporation plc (Ireland)
- Viking Pump, Inc. (U.S.)
- Permco (U.S.)
- Fluid-o-Tech S.r.l. (Italy)
- Tuthill Corporation (U.S.)
- Kawasaki Heavy Industries, Ltd. (Japan)
- GemmeCotti S.r.l. (Italy)
- YU.K.en Kogyo Co., Ltd. (Japan)
- Danfoss Group (Denmark)
- Bucher Hydraulics GmbH (Germany)
- Casappa S.p.A. (Italy)
- Haight Pumps (U.S.)
- Rotary Power (U.K.)
- Dantal Hydraulics Pvt. Ltd. (India)
- ROTAN Pumpen (Germany)
- Commercial Shearing, Inc. (CSI) (U.S.)
- ARGO-HYTOS Group (Germany)
- Kracht GmbH (Germany)

The external gear pump market is experiencing significant growth and evolution, driven by the diverse segmentation of pump types, materials, and end-user industries. The categorization based on type emphasizes the unique features and benefits offered by different gear pump variations. Spur gear pumps are valued for their simplicity and cost-effectiveness, making them widely adaptable across industries. Helical gear pumps excel in providing smooth flow characteristics and high efficiency, ideal for precision-driven applications. Herringbone gear pumps are favored for their

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Key Insights from the Global External Gear Pump Market :

Comprehensive Market Overview: The External Gear Pump Market is experiencing robust growth, fueled by increasing adoption of innovative technologies and evolving consumer demands.
Industry Trends and Projections: The market is expected to grow at a CAGR of X% over the next five years, with digital transformation and sustainability driving key trends.
Emerging Opportunities: Rising consumer demand for eco-friendly and customizable products is creating significant market opportunities.
Focus on R&D: Companies are intensifying their focus on R&D to develop advanced solutions and stay ahead of emerging market trends.
Leading Player Profiles: Key players are at the forefront, with strong market shares and continuous innovation.
Market Composition: The market consists of a mix of large established players and smaller, agile companies, each contributing to dynamic competition.
Revenue Growth: The market is experiencing steady revenue growth, driven by increased consumer spending and expanding product offerings.
Commercial Opportunities: There are ample commercial opportunities in untapped regions, particularly in emerging economies with growing demand.

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