Positive Displacement Pump Market

The article discusses the projected growth of the positive displacement pump market, with an expected CAGR of +6.0% in volume and +7.4% in value from 2022 to 2030. It covers consumption trends, market performance, production volumes, import and export statistics, and key countries contributing to the market. Detailed analysis of consumption patterns, market values, and growth rates provide a comprehensive understanding of the industry dynamics.

Market Forecast

Driven by increasing demand for positive displacement pumps and hand pumps worldwide, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +6.0% for the period from 2022 to 2030, which is projected to bring the market volume to 9B units by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +7.4% for the period from 2022 to 2030, which is projected to bring the market value to $149.2B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Positive Displacement Pumps And Hand Pumps

In 2022, consumption of positive displacement pumps and hand pumps decreased by -2.1% to 5.6B units, falling for the second year in a row after nine years of growth. Overall, consumption, however, recorded a strong increase. As a result, consumption attained the peak volume of 7.8B units. From 2021 to 2022, the growth of the global consumption remained at a somewhat lower figure.

The global positive displacement pump market revenue was estimated at $84.5B in 2022, remaining stable against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, saw a buoyant expansion. As a result, consumption reached the peak level of $106.4B. From 2021 to 2022, the growth of the global market remained at a somewhat lower figure.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were the United States (1.1B units), China (825M units) and Spain (541M units), with a combined 43% share of global consumption.

From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the leading consuming countries, was attained by the United States (with a CAGR of +33.4%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, the largest positive displacement pump markets worldwide were India ($19.1B), China ($17.8B) and Pakistan ($15.1B), with a combined 61% share of the global market. Japan, Bangladesh, the United States, Mexico, Russia, Spain, Canada, the UK, Poland and Turkey lagged somewhat behind, together comprising a further 16%.

The United States, with a CAGR of +32.9%, recorded the highest rates of growth with regard to market size in terms of the main consuming countries over the period under review, while market for the other global leaders experienced more modest paces of growth.

In 2022, the highest levels of positive displacement pump per capita consumption was registered in Spain (11 units per person), followed by Canada (3.9 units per person), the United States (3.2 units per person) and Poland (2.9 units per person), while the world average per capita consumption of positive displacement pump was estimated at 0.7 units per person.

In Spain, positive displacement pump per capita consumption increased at an average annual rate of +9.9% over the period from 2012-2022. The remaining consuming countries recorded the following average annual rates of per capita consumption growth: Canada (+8.0% per year) and the United States (+32.5% per year).

Production

World Production of Positive Displacement Pumps And Hand Pumps

In 2022, approx. 7.2B units of positive displacement pumps and hand pumps were produced worldwide; rising by 97% against the previous year. Over the period under review, production posted a buoyant increase. As a result, production reached the peak volume and is likely to continue growth in the immediate term.

In value terms, positive displacement pump production expanded rapidly to $97B in 2022 estimated in export price. In general, production showed a prominent expansion. The most prominent rate of growth was recorded in 2020 with an increase of 61% against the previous year. As a result, production reached the peak level of $107.2B. From 2021 to 2022, global production growth failed to regain momentum.

Production By Country

The country with the largest volume of positive displacement pump production was China (4.2B units), comprising approx. 58% of total volume. Moreover, positive displacement pump production in China exceeded the figures recorded by the second-largest producer, Mexico (534M units), eightfold. The third position in this ranking was held by Spain (525M units), with a 7.3% share.

In China, positive displacement pump production increased at an average annual rate of +40.7% over the period from 2012-2022. The remaining producing countries recorded the following average annual rates of production growth: Mexico (+0.6% per year) and Spain (+9.7% per year).

Imports

World Imports of Positive Displacement Pumps And Hand Pumps

In 2022, overseas purchases of positive displacement pumps and hand pumps decreased by -14.2% to 3B units, falling for the second consecutive year after five years of growth. In general, imports, however, posted buoyant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 93% against the previous year. As a result, imports reached the peak of 4.7B units. From 2021 to 2022, the growth of global imports remained at a lower figure.

In value terms, positive displacement pump imports declined to $1.3B in 2022. Overall, imports, however, showed strong growth. The most prominent rate of growth was recorded in 2020 when imports increased by 39% against the previous year. As a result, imports attained the peak of $1.5B. From 2021 to 2022, the growth of global imports remained at a somewhat lower figure.

Imports By Country

The United States was the main importer of positive displacement pumps and hand pumps in the world, with the volume of imports amounting to 1.1B units, which was approx. 36% of total imports in 2022. It was distantly followed by Russia (220M units), the UK (208M units), Germany (178M units), Turkey (162M units), Canada (156M units) and Mexico (147M units), together creating a 35% share of total imports. Poland (116M units), Spain (84M units), Italy (75M units), China (66M units), the Netherlands (57M units) and Belgium (57M units) followed a long way behind the leaders.

Imports into the United States increased at an average annual rate of +33.2% from 2012 to 2022. At the same time, Germany (+48.5%), Spain (+47.8%), the Netherlands (+32.9%), Poland (+27.7%), Belgium (+27.4%), Mexico (+13.4%), Russia (+11.5%), China (+9.9%), Italy (+9.6%), Canada (+8.9%), the UK (+6.4%) and Turkey (+3.5%) displayed positive paces of growth. Moreover, Germany emerged as the fastest-growing importer imported in the world, with a CAGR of +48.5% from 2012-2022. From 2012 to 2022, the share of the United States, Germany, Poland and Spain increased by +28, +5.4, +2.6 and +2.6 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($297M) constitutes the largest market for imported positive displacement pumps and hand pumps worldwide, comprising 23% of global imports. The second position in the ranking was held by Germany ($83M), with a 6.3% share of global imports. It was followed by Canada, with a 5.3% share.

In the United States, positive displacement pump imports expanded at an average annual rate of +14.1% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Germany (+5.5% per year) and Canada (+2.8% per year).

Import Prices By Country

The average positive displacement pump import price stood at $0.4 per unit in 2022, increasing by 16% against the previous year. Over the period under review, the import price, however, recorded a abrupt decrease. The pace of growth appeared the most rapid in 2021 when the average import price increased by 16%. Global import price peaked at $0.8 per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Belgium ($0.8 per unit), while Turkey ($0.1 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+1.7%), while the other global leaders experienced a decline in the import price figures.

Exports

World Exports of Positive Displacement Pumps And Hand Pumps

Global positive displacement pump exports skyrocketed to 4.6B units in 2022, rising by 219% compared with 2021. Overall, exports showed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, positive displacement pump exports reduced slightly to $1.3B in 2022. In general, exports enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 54% against the previous year. As a result, the exports reached the peak of $1.5B. From 2021 to 2022, the growth of the global exports remained at a somewhat lower figure.

Exports By Country

China represented the major exporting country with an export of around 3.4B units, which recorded 74% of total exports. Mexico (511M units) took the second position in the ranking, followed by France (230M units). All these countries together took approx. 16% share of total exports. The following exporters - Germany (197M units) and Italy (84M units) - together made up 6.1% of total exports.

China was also the fastest-growing in terms of the positive displacement pumps and hand pumps exports, with a CAGR of +110.6% from 2012 to 2022. At the same time, Germany (+64.1%), France (+47.9%) and Italy (+39.1%) displayed positive paces of growth. Mexico experienced a relatively flat trend pattern. From 2012 to 2022, the share of China, France and Germany increased by +74, +4.2 and +4 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($518M) remains the largest positive displacement pump supplier worldwide, comprising 41% of global exports. The second position in the ranking was taken by France ($112M), with a 9% share of global exports. It was followed by Germany, with a 7.7% share.

From 2012 to 2022, the average annual growth rate of value in China stood at +14.1%. The remaining exporting countries recorded the following average annual rates of exports growth: France (+31.6% per year) and Germany (+4.7% per year).

Export Prices By Country

The average positive displacement pump export price stood at $0.3 per unit in 2022, shrinking by -69.4% against the previous year. In general, the export price faced a deep downturn. The growth pace was the most rapid in 2015 when the average export price increased by 119%. As a result, the export price reached the peak level of $2.2 per unit. From 2016 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was France ($0.5 per unit), while Mexico ($0.1 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+0.5%), while the other global leaders experienced a decline in the export price figures.

Source: IndexBox Market Intelligence Platform