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

The North America gear pump market size is expected to reach US$ 4,527.83 million by 2031 from US$ 3,330.20 million in 2024. The market is estimated to record a CAGR of 4.7% from 2025-2031.

Executive Summary and North America Gear Pump Market Analysis:

The North America gear pump market is segmented into the US, Canada, and Mexico. The region is a pioneer in the adoption of advanced technologies. It is also home to well-established manufacturing industries, including automotive, chemical, and oil and gas. Gear pumps have widely found their application in the oil and gas industry. According to the International Energy Agency (IEA), the total crude oil production in North America was 48,602,021 Terajoules (TJ) in 2022, recording an increase of 75% from 2000. Furthermore, various companies in the natural gas industry in the region have undertaken the expansion of their plants. For instance, in March 2025, Venture Global announced plans for an 18 Mt/year (Metric Tonne Per Year) brownfield expansion at its Plaquemines LNG project in Louisiana (US). The 27 Mt/year Plaquemines LNG facility began producing LNG in December 2024, making it the newest LNG export facility in the US and Venture's second. The planned expansion would have 24 trains, extending the facility's capacity by more than 18 Mt/year and bringing the total production capacity to more than 45 Mt/year; the expansion would be backed by an investment of nearly US$ 18 billion. Therefore, the growth of the oil and gas industry fosters the gear pump market growth in North America.

North America Gear Pump Market: Strategic Insights

North America 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.

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

The North America 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.

North America Gear Pump Market Outlook

Gear pumps are critical in numerous industrial and mechanical applications. These pumps use interlocking gears to transport fluids throughout a system. Gear pumps are noted for their dependability, efficiency, and ability to handle a broad variety of fluids, including high-viscosity substances. Their volumetric efficiencies often surpass 90%, which remains consistent throughout a wide range of viscosity values. Nonetheless, they excel at managing both thin and thick liquids. Thin liquid gear pumps perform well with water-like fluids. On the other hand, gear oil pumps can be deployed to transfer thick lubricants with ease. Viscosity handling capacity normally ranges from 0.1 to 1,000,000 centistokes (cSt); some specialized pumps may go beyond 1,000,000 cSt. Gear pumps maintain their efficiencies despite changes in viscosities. This ability makes them appropriate for temperature-sensitive applications in which fluid characteristics can change.

Various manufacturers are continuously working on providing more energy-efficient gear pump solutions to address varying demands created in different industries. For example, ZEILFELDER gear pumps are designed to provide maximum performance while consuming the least amount of energy. Hence, with the energy-efficiency advantage of gear pumps, their demand is on the rise in applications requiring energy-efficient solutions.

North America Gear Pump Market Country Insights

Based on country, the North America gear pump market comprises the US, Canada, and Mexico. The US held the largest share in 2024.

Gear pump is widely used across various industries, including the oil & gas and petroleum industry. As of January 1, 2023, the US had 129 operable petroleum refineries, which strive to meet the global demand for petroleum products. Also, according to the US Energy Information Administration's (EIA) International Energy Statistics, the US produces more crude oil than any other nation in the world. Crude oil production in the US averaged 12.9 million barrels per day (b/d) in 2023, breaking the previous US and global record of 12.3 million b/d, set in 2019. Furthermore, according to IEA, the US is home to nearly 40% of the global ethane-based petrochemical production capacity. Thus, the growing crude oil, petroleum, and petrochemical production in the country is expected to raise the demand for gear pumps.

North America 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.

North America 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