Europe Gear Pump Market Size and Forecast (2021 - 2031), Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Type (Internal Gear Pump and External Gear Pump), Pressure (Upto 100 Bar, 100-300 Bar, and Above 300 Bar), and Industry (Fo

The Europe gear pump market is projected to grow significantly, reaching an estimated US$ 3,087.86 million by 2031, up from US$ 2,322.57 million in 2024. This growth represents a compound annual growth rate (CAGR) of 4.4% from 2025 to 2031.

Executive Summary and Market Analysis

Key countries driving the growth of the Europe gear pump market include Germany, France, the UK, and Italy. According to the International Council on Clean Transportation, Europe produced approximately 10.6 million new cars in 2023, marking a 14% increase compared to 2022. While the Mini vehicle segment saw stagnant sales, the Sport Utility Vehicle (SUV) and off-road vehicle segment dominated the market, accounting for 48% of new registrations in 2023, followed by the Lower Medium segment at 19%. Additionally, the European Automobile Manufacturers Association (ACEA) reported a 5.1% increase in new EU car registrations in December 2024, with Spain leading the charge with a remarkable 28.8% growth, followed by France with a modest 1.5% increase.

This surge in vehicle production and demand is driving the need for gear pumps in automotive assemblies, as these pumps are essential for the smooth and reliable operation of various vehicle systems.

Strategic Insights

Market Segmentation Analysis

The Europe gear pump market can be segmented based on type, pressure, and industry:

By Type: The market is divided into external gear pumps and internal gear pumps. In 2024, the external gear pump segment held a larger market share.
By Pressure: The market is categorized into three segments: up to 100 bar, 100 to 300 bar, and above 300 bar. The 100 to 300 bar segment was the largest in 2024.
By Industry: The gear pump market is segmented into various industries, including food and beverages, industrial and material handling machines, chemical and petrochemical, oil and gas, automotive, water treatment, aerospace, and others. The industrial and material handling machines segment accounted for the largest share in 2024.

Market Outlook

The increasing global consumption of petrochemicals, driven by rising demands in sectors such as automotive, packaging, household goods, and medical devices, is leading to expanded production capacities. This trend has created a significant demand for powerful and versatile gear pumps, which are valued 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 common in petrochemical facilities, making gear pumps essential for fluid transfer in this sector.

Moreover, gear pumps are trusted for transferring hazardous and corrosive substances, such as acids, sodium silicate, polymers, and isocyanates, due to their reliable performance and compact design. These features make them particularly suitable for continuous-duty operations in challenging petrochemical environments.

Major industry players are responding to changing market dynamics by investing heavily in petrochemical infrastructure. As production scales up to meet increasing market demands, gear pumps become even more critical for operational efficiency and viability. The petrochemical industry's focus on improving operations and minimizing downtime further drives the gear pump market, as these pumps offer high efficiency and low maintenance requirements, making them ideal for the complex processes involved in petrochemical manufacturing.

Country Insights

The Europe gear pump market includes key countries such as Germany, France, the UK, Italy, Russia, and the Rest of Europe. In 2024, the Rest of Europe held the largest market share.

Countries like Norway, the Netherlands, Switzerland, Spain, Sweden, and Poland are experiencing significant growth in their oil and gas and chemical industries. For instance, the Netherlands ranked 6th in natural gas supply and 4th in domestic natural gas production in 2021, with oil product exports rising by 73% from 2000 to 2022. In October 2023, the Netherlands began constructing a 1,200 km hydrogen pipeline, with the first 30 km section set to operate in 2025. Additionally, Spain is witnessing the establishment of various chemical production plants, such as Covestro's new chlorine production facility launched in Tarragona in February 2023, and AkzoNobel N.V.'s investment of US$ 34.69 million in a new plant in Vilafranca, Spain, aimed at producing bisphenol-free coatings for the EMEA region.

The growth of the oil and gas and chemical industries in these countries is driving an increased demand for gear pumps in the Rest of Europe.

Company Profiles

Key players in the Europe gear pump 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 companies are employing various strategies, including expansion, product innovation, and mergers and acquisitions, to enhance their product offerings and increase market share. Show more