South & Central America Gear Pump Market Analysis and Forecast by Size, Share, Growth, Trends 2031

The South & Central America gear pump market size is expected to reach US$ 377.32 million by 2031 from US$ 315.72 million in 2024. The market is estimated to record a CAGR of 2.8% from 2025-2031.

Executive Summary and South & Central America Gear Pump Market Analysis:

The South & Central America gear pump market is segmented into Brazil, Argentina, and the Rest of South & Central America. The automobile industry in the region is expected to grow significantly in the coming year. The Associacao Nacional dos Fabricantes de Veiculos Automores (ANFAVEA) revealed that Brazilian vehicle manufacturing (excluding CKD production) in January 2025 was 175,541 units, indicating a 15.1% increase over the volume recorded in January 2024. Further, the exports of 28,688 assembled vehicles in January 2025 represented a 52.3% increase over units exported in January 2024. As per the Ministry of Trade of Colombia, the country ranks third among the largest automobile assemblers in South America, after Brazil and Argentina. Columbia has eight vehicle assembly plants, with the three in Sofasa, CCA, and Mazda representing 99% of its national production output and 32% of sales. According to CEIC, motor vehicle production in Argentina was reported at 610,725 units in December 2023. This records an increase from the previous number of 536,893 units in December 2022. Furthermore, various global automobile manufacturers are taking various initiatives to expand their presence in the region. For instance, in September 2024, Automaker Stellantis announced its plans to invest US$ 385 million in its factory in Cordoba (Argentina) from 2025 to 2030. This initiative is part of a bigger proposal to invest Euro 5.6 billion in South America. The funding will be utilized to develop a new line of vehicles and an engine. Thus, the growth in the automotive industry is expected to bolster the demand for gear pumps in SAM in the coming years.

South & Central America Gear Pump Market: Strategic Insights

South & Central 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.

South & Central America Gear Pump Market Players Density: Understanding Its Impact on Business Dynamics

The South & Central 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.

South & Central America Gear Pump Market Outlook

Market players are expanding their manufacturing and distribution facilities to be able to meet the burgeoning demand for gear pumps in oil & gas, water & wastewater management, chemical, and other industries. A few of the mergers and acquisitions by the companies are mentioned below:

• In June 2024, Ingersoll Rand Inc., a global provider of mission-critical flow creation and industrial solutions, announced the acquisition of ILC Dover ("ILC"). The company has already acquired Complete Air and Power Solutions ("CAPS"), Del PD Pumps & Gear Pvt Ltd. ("Del Pumps"), and Fruvac Ltd. ("Fruitland Manufacturing") for a combined purchase price of approximately US$ 150 million. Del Pumps, based in India, makes rotary, twin, and triple-gear pumps used for liquid loading, unloading, transfer, and pressurization. The acquisition will strengthen Ingersoll Rand's portfolio of mission-critical, high-margin pumping solutions for the life science, food and beverage, medical, natural gas, and wastewater treatment industries.

• In January 2024, Atlas Copco Group announced the acquisition of KRACHT GmbH (Kracht), a manufacturer of high-quality technologies, including external gear pumps, fluid measurement instruments, valves, hydraulic drives, and dosing systems. The acquisition would further help Atlas Copco Group in expanding its industrial pump segment.

• In December 2022, Dover announced the acquisition of Witte Pumps & Technology GmbH ("Witte"), a manufacturer of precision gear pumps. Witte will become a part of the Maag business unit within Dover's Pumps & Process Solutions segment. The acquisition of Witte is expected to help the company expand Maag's product and technology offering, improve geographic reach, and provide access to new customer segments.

Mergers and acquisitions help companies expand their product portfolio and global presence to provide their customers with different types of gear pumps. Thus, the rising number of mergers and acquisitions is expected to boost the growth of the gear pump market during the forecast period.

South & Central America Gear Pump Market Country Insights

Based on country, the South & Central America gear pump market comprises Brazil, Argentina, and the Rest of South & Central America. Brazil held the largest share in 2024.

Brazil has significantly directed its focus on improving its wastewater treatment facilities and processes. In 2020, the Brazilian government published the Basic Sanitation Legal Framework for universalizing water and sewage services by 2033. Through this framework, ~99% of the Brazilian population is expected to have access to potable water, and 90% to sewage collection and treatment plants. This factor fuels the need for water and wastewater treatment technology in the country. In addition, various companies in the country are engaged in constructing wastewater treatment plants. For instance, in September 2024, Veolia announced delivering advanced industrial and demineralized water and effluent treatment facilities for Suzano's new plant in Mato Grosso do Sul (Brazil). Thus, the growing focus on water and wastewater treatment is expected to fuel the growth of the gear pump market in the country.

South & Central 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.

South & Central 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 expertise.