Europe Gear Pump Market Analysis and Forecast by Size, Share, Growth, Trends 2031

The Europe gear pump market size is expected to reach US$ 3,087.86 million by 2031 from US$ 2,322.57 million in 2024. The market is estimated to record a CAGR of 4.4% from 2025-2031.

Executive Summary and Europe Gear Pump Market Analysis:

Germany, France, the UK, and Italy are among the key countries contributing to the growth of the Europe gear pump market. According to the International Council on Clean Transportation Europe, the region produced ~10.6 million new cars in 2023, which is 14% more than the production volumes recorded in 2022. While sales in the Mini sector stalled, the Sport Utility Vehicle (SUV)/off-road vehicle segment remained the market leader, accounting for 48% of new registrations in 2023, followed by the Lower Medium segment (19%). Also, as per the ACEA, new EU car registrations increased by 5.1% in December 2024. Spain led the way with a powerful double-digit gain of 28.8%, followed by France with a modest 1.5% rise.

Thus, an upsurge in vehicle demand and production propels the demand for gear pumps in vehicle assemblies as they help in the smooth and reliable operation of various vehicle systems.

Europe Gear Pump Market: Strategic Insights

Europe Gear Pump Market Segmentation Analysis:

Key segments that contributed to the derivation of the gear pump market analysis are type, pressure, and industry.

• By type, the gear pump market is bifurcated into external gear pump and internal gear pump. The external gear pump segment held a larger share of the market in 2024.

• By pressure, the gear pump market is segmented into upto 100 bar, 100 to 300 bar, and above 300 bar. The 100 to 300 bar segment held the largest share of the market in 2024.

• By industry, the gear pump market is segmented into food & beverages, industrial & material handling machines, chemical & petrochemical, oil & gas, automotive, water treatment industry, aerospace, and others. The industrial & material handling machines segment held the largest share of the market in 2024.

Europe Gear Pump Market Players Density: Understanding Its Impact on Business Dynamics

The Europe Gear Pump Market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

Europe Gear Pump Market Outlook

As global consumption of petrochemicals increases, driven by rising demands in industries such as automotive, packaging, household goods, and medical devices, production capacities are expanding to meet this need. This trend has created a significant demand for powerful and versatile gear pumps, which are particularly appreciated for their ability to handle a wide range of fluids, including bitumen, pitch, lubricating oil, and crude oil, often under high pressure and varying viscosities. Such conditions are commonplace in petrochemical facilities, positioning gear pumps as indispensable fluid transfer tools in this realm.

Furthermore, gear pumps are trusted for transferring hazardous and corrosive substances, including acids, sodium silicate, polymers, and isocyanates, due to their reliable performance and compact design. These characteristics make them particularly suited for continuous-duty operation in challenging petrochemical environments.

Major industry players are responding to shifting market dynamics with significant investments in petrochemical infrastructure. As production scales up to meet surging market requirements, gear pumps become even more central to operational viability and efficiency.

Moreover, the petrochemical industry's emphasis on improving operations and reducing downtime drives the gear pump market. Gear pumps, with their great efficiency and low maintenance requirements, are perfect for the complicated processes involved in petrochemical manufacturing. Thus, the surged reliance on gear pumps for fluid handling in the burgeoning petrochemical sector favors the gear pump market growth.

Europe Gear Pump Market Country Insights

Based on country, the Europe gear pump market comprises Germany, France, the UK, Italy, Russia, and the Rest of Europe. The Rest of Europe held the largest share in 2024.

Norway, the Netherlands, Switzerland, Spain, Sweden, and Poland are among the major countries in the gear pump market in the Rest of Europe. These countries are witnessing tremendous growth in their oil and gas and chemical industries. According to the IEA, the Netherlands ranked 6th in natural gas supply and 4th in domestic natural gas production in 2021. The oil products export has risen by 73% between 2000 and 2022. In October 2023, the country began the construction of its planned 1,200 km hydrogen pipeline, with the first 30 km section running in Rotterdam in plans to start operations in 2025. Furthermore, various chemical production plants are constructed in Spain. For example, in February 2023, Covestro successfully launched a new chlorine production facility in Tarragona, Spain. In November 2023, AkzoNobel N.V. (Amsterdam, the Netherlands) invested US$ 34.69 million (EUR 32 million) in a new plant at its Vilafranca site in Spain, which will produce bisphenol-free coatings for the metal packaging industry in the Europe, the Middle East, and Africa (EMEA). Hence, the proliferation of the oil and gas and chemical industries results in an elevated demand for gear pumps in the Rest of Europe.

Europe Gear Pump Market Company Profiles

Some of the key players operating in the market include Bosch Rexroth AG; Danfoss AS; Bucher Hydraulics GmbH; Parker Hannifin Corp; Kawasaki Heavy Industries Ltd; CASAPPA S.p.A; Bailey International LLC; HYDAC International GmbH; Eaton Corp Plc; Marzocchi Pompe S.p.A; KYB Corporation; Viking Pump, Inc.; and Gorman-Rupp Pumps, among others. These players are adopting various strategies such as expansion, product innovation, and mergers and acquisitions to provide innovative products to their consumers and increase their market share.

Europe Gear Pump Market Research Methodology :

The following methodology has been followed for the collection and analysis of data presented in this report:

Secondary Research

The research process begins with comprehensive secondary research, utilizing both internal and external sources to gather qualitative and quantitative data for each market. Commonly referenced secondary research sources include, but are not limited to:

• Company websites, annual reports, financial statements, broker analyses, and investor presentations.

• Industry trade journals and other relevant publications.

• Government documents, statistical databases, and market reports.

• News articles, press releases, and webcasts specific to companies operating in the market.

Note:

All financial data included in the Company Profiles section has been standardized to USD. For companies reporting in other currencies, figures have been converted to USD using the relevant exchange rates for the corresponding year.

Primary Research

The Insight Partners conducts a significant number of primary interviews each year with industry stakeholders and experts to validate its data analysis and gain valuable insights. These research interviews are designed to:

• Validate and refine findings from secondary research.

• Enhance the expertise and market understanding of the analysis team.

• Gain insights into market size, trends, growth patterns, competitive dynamics, and future prospects.

Primary research is conducted via email interactions and telephone interviews, encompassing various markets, categories, segments, and sub-segments across different regions. Participants typically include:

• Industry stakeholders: Vice Presidents, business development managers, market intelligence managers, and national sales managers

• External experts: Valuation specialists, research analysts, and key opinion leaders with industry-specific expertise.