The Gear Pump Market size was valued at US$ 11.22 billion in 2024 and is expected to reach US$ 15.40 billion by 2031; it is estimated to record a CAGR of 4.9% from 2025 to 2031.

The gear pump market is witnessing substantial technological breakthroughs that are aimed at increasing their efficiency, reliability, and adaptability to satisfy the changing demands of various industries. Integrating IoT and smart technology into gear pumps allows for real-time monitoring of pump operation, temperature, and pressure. Using IoT connectivity, operators may remotely monitor and conduct predictive maintenance activities, decreasing downtime and improving overall system reliability. This tendency is especially important in areas where continuous operation is required, such as manufacturing and process industries. In addition, various manufacturers are developing smart gear pumps integrated with robotics. For example, the Robotic Paint Gear (RPG) pump by Sames combines fast color change with the most compact design on the market, allowing both low paint loss and high flowrate output.

Further, the desire for personalized solutions is increasing among end-use industries, with manufacturers providing configurable gear pumps to fulfill their specific requirements. Modular designs that allow for simple modifications and maintenance are increasingly gaining popularity, aiding adaptability under volatile market conditions. This trend enables end users to improve pump performance based on the individual requirements of their applications, hence increasing efficiency and dependability. Also, manufacturers are increasingly focusing on manufacturing compact and lightweight gear pumps without sacrificing performance. This tendency is especially significant in industries such as automotive and aerospace, where space and weight efficiency are important design considerations. Moreover, manufacturers are increasingly focused on sustainable practices and environmentally friendly designs. This involves using recyclable materials and optimizing energy consumption to meet global sustainability targets. For example, in January 2024, Shimadzu Corporation introduced the MLP2 Series, the next generation of its SGP2 Series of environmentally friendly high-pressure gear pumps. These new pumps have successfully increased the rated pressure from 24.5 MPa to 25 MPa and the maximum surge pressure from 29.4 MPa to 30 MPa, while eliminating the plating procedure of the cast iron body used in the old SGP2 series to improve durability. As a result, the focus on sustainability is pushing the development of gear pumps that are both efficient and environmentally friendly. Thus, gear pumps integrated with smart technology, modular designs, and advanced sustainable technologies are emerging as significant trends in the gear pump market growth during the forecast period.

According to the European Automobile Manufacturers' Association (ACEA), in March 2023, new vehicle registration in France saw a 9.1% increase in January and February of 2023 compared to the same period in 2022. In the country, the new battery electric vehicle (BEV) registrations increased by 45.7%, and hybrid electric vehicle (HEV) registrations by 24.6% in March 2023 compared to February 2023. Furthermore, in April 2023, in the framework of the France 2030 investment plan, the French government announced to invest US$ 2.6 billion to support the production of nearly 2 million electric and hybrid vehicles. Thus, the ramped-up production of passenger and electric vehicles bolsters the gear pump market growth in France.

Jihostroj a.s.; 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 are among the key Gear Pump Market players that are profiled in this market study.

The overall Gear Pump Market size has been derived using both primary and secondary sources. Exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the Gear Pump Market size. The process also helps obtain an overview and forecast of the market with respect to all the market segments. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain analytical insights. This process includes industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders, specializing in the Gear Pump Market.