Hydraulic Pump (Gear or Vane) and other Rotary Positive Displacement Pump Market

The article provides an in-depth analysis of the global market for hydraulic pumps and other rotary positive displacement pumps from 2022 to 2030. The market is forecasted to continue an upward consumption trend with an expected CAGR of +2.4% in volume and +4.3% in value. In 2022, consumption decreased by -1.4% to 170M units, with notable growth observed from 2012 to 2022. China, the United States, and India were the top consuming countries. Production reached 158M units in 2022, with China being the largest producer. Imports and exports of hydraulic pumps saw fluctuations, with China and the United States being major players. However, the export price experienced a mild setback in 2022. Overall, the article provides a comprehensive overview of market trends, consumption patterns, production statistics, and key country analyses in the hydraulic pump industry.

Market Forecast

Driven by increasing demand for hydraulic pumps (gear or vane) and other rotary positive displacement pumps worldwide, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +2.4% for the period from 2022 to 2030, which is projected to bring the market volume to 206M units by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +4.3% for the period from 2022 to 2030, which is projected to bring the market value to $36.7B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Hydraulic Pumps (Gear or Vane) and other Rotary Positive Displacement Pumps

In 2022, consumption of hydraulic pumps (gear or vane) and other rotary positive displacement pumps decreased by -1.4% to 170M units, falling for the second year in a row after four years of growth. In general, the total consumption indicated tangible growth from 2012 to 2022: its volume increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -11.0% against 2020 indices. Over the period under review, global consumption of reached the peak volume at 191M units in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

The revenue of the market for hydraulic pumps (gear or vane) and other rotary positive displacement pumps worldwide declined to $26.2B in 2022, approximately reflecting 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). Over the period under review, consumption, however, recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $27.5B. From 2020 to 2022, the growth of the global market failed to regain momentum.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were China (40M units), the United States (21M units) and India (17M units), with a combined 46% share of global consumption. Turkey, Japan, Brazil, Italy, Mexico, Canada, Poland and Thailand lagged somewhat behind, together accounting for a further 31%.

From 2012 to 2022, the most notable rate of growth in terms of pumps, amongst the leading consuming countries, was attained by Poland (with a CAGR of +23.3%), while pumps for the other global leaders experienced more modest paces of growth.

In value terms, the largest hydraulic pump (gear or vane) and other rotary positive displacement pump markets worldwide were China ($4.2B), Japan ($3.8B) and India ($2.7B), together accounting for 41% of the global market. The United States, Brazil, Italy, Canada, Poland, Mexico, Turkey and Thailand lagged somewhat behind, together comprising a further 16%.

In terms of the main consuming countries, Poland, with a CAGR of +21.6%, saw the highest rates of growth with regard to market size over the period under review, while pumps for the other global leaders experienced more modest paces of growth.

The countries with the highest levels of hydraulic pump (gear or vane) and other rotary positive displacement pump per capita consumption in 2022 were Turkey (176 units per 1000 persons), Canada (104 units per 1000 persons) and Italy (101 units per 1000 persons).

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +24.0%), while pumps for the other global leaders experienced more modest paces of growth.

Production

World Production of Hydraulic Pumps (Gear or Vane) and other Rotary Positive Displacement Pumps

In 2022, global production of hydraulic pumps (gear or vane) and other rotary positive displacement pumps reached 158M units, with an increase of 1.6% on 2021 figures. In general, production saw a mild expansion. The most prominent rate of growth was recorded in 2018 when the production volume increased by 71%. Over the period under review, global production of hit record highs at 172M units in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

In value terms, production of hydraulic pumps (gear or vane) and other rotary positive displacement pumps reached $27B in 2022 estimated in export price. Over the period under review, production, however, saw a sharp curtailment. The growth pace was the most rapid in 2018 when the production volume increased by 435% against the previous year. Over the period under review, global production of reached the peak level at $1,121.8B in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Production By Country

China (71M units) constituted the country with the largest volume of production of hydraulic pumps (gear or vane) and other rotary positive displacement pumps, accounting for 45% of total volume. Moreover, production of hydraulic pumps (gear or vane) and other rotary positive displacement pumps in China exceeded the figures recorded by the second-largest producer, India (17M units), fourfold. Japan (9.2M units) ranked third in terms of total production with a 5.9% share.

In China, production of hydraulic pumps (gear or vane) and other rotary positive displacement pumps remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: India (+4.0% per year) and Japan (-0.6% per year).

Imports

World Imports of Hydraulic Pumps (Gear or Vane) and other Rotary Positive Displacement Pumps

In 2022, after five years of growth, there was significant decline in overseas purchases of hydraulic pumps (gear or vane) and other rotary positive displacement pumps, when their volume decreased by -6.7% to 101M units. Over the period under review, total imports indicated notable growth from 2012 to 2022: its volume increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +50.2% against 2016 indices. The pace of growth appeared the most rapid in 2018 when imports increased by 16%. Global imports peaked at 109M units in 2021, and then contracted in the following year.

In value terms, imports of hydraulic pumps (gear or vane) and other rotary positive displacement pumps reached $7.9B in 2022. The total import value increased at an average annual rate of +2.0% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 19%. Over the period under review, global imports of hit record highs in 2022 and are expected to retain growth in the near future.

Imports By Country

In 2022, the United States (19M units), Turkey (15M units), Mexico (11M units), China (9.7M units) and Germany (7.4M units) represented the major importer of hydraulic pumps (gear or vane) and other rotary positive displacement pumps in the world, mixing up 62% of total import. The following importers - Poland (3.4M units), France (2.7M units), Russia (2.1M units), Thailand (1.7M units) and Brazil (1.6M units) - together made up 11% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Poland (with a CAGR of +18.9%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the largest hydraulic pump (gear or vane) and other rotary positive displacement pump importing markets worldwide were the United States ($1.4B), China ($1B) and Mexico ($631M), with a combined 39% share of global imports. Germany, France, Russia, Turkey, Poland, Brazil and Thailand lagged somewhat behind, together comprising a further 18%.

Among the main importing countries, Poland, with a CAGR of +12.2%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices By Country

In 2022, the average import price for hydraulic pumps (gear or vane) and other rotary positive displacement pumps amounted to $78 per unit, growing by 9.7% against the previous year. Overall, the import price, however, saw a mild setback. Global import price peaked at $91 per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was China ($106 per unit), while Turkey ($10 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+4.9%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Hydraulic Pumps (Gear or Vane) and other Rotary Positive Displacement Pumps

Global exports of hydraulic pumps (gear or vane) and other rotary positive displacement pumps reduced to 89M units in 2022, waning by -2.6% compared with the previous year. In general, exports, however, posted a notable increase. The growth pace was the most rapid in 2018 with an increase of 89% against the previous year. Over the period under review, the global exports of hit record highs at 92M units in 2021, and then declined slightly in the following year.

In value terms, exports of hydraulic pumps (gear or vane) and other rotary positive displacement pumps contracted to $7.4B in 2022. The total export value increased at an average annual rate of +1.7% from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by 17%. As a result, the exports reached the peak of $7.5B, leveling off in the following year.

Exports By Country

China represented the largest exporting country with an export of around 40M units, which resulted at 45% of total exports. Mexico (9M units) held the second position in the ranking, followed by Germany (8M units) and Bulgaria (5.2M units). All these countries together held near 25% share of total exports. The United States (3.9M units), Canada (3.9M units), Italy (3.1M units), Romania (1.9M units), France (1.7M units), Japan (1.5M units) and the UK (1.4M units) held a little share of total exports.

China experienced a relatively flat trend pattern with regard to volume of exports of hydraulic pumps (gear or vane) and other rotary positive displacement pumps. At the same time, Romania (+13.9%), Mexico (+13.6%), Bulgaria (+10.5%), Germany (+7.9%), the UK (+5.8%), Italy (+5.2%) and France (+3.9%) displayed positive paces of growth. Moreover, Romania emerged as the fastest-growing exporter exported in the world, with a CAGR of +13.9% from 2012-2022. Canada experienced a relatively flat trend pattern. By contrast, Japan (-2.6%) and the United States (-4.9%) illustrated a downward trend over the same period. Mexico (+6.6 p.p.), Germany (+3.8 p.p.) and Bulgaria (+3.2 p.p.) significantly strengthened its position in terms of the global exports, while the United States and China saw its share reduced by -4.6% and -12.1% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest hydraulic pump (gear or vane) and other rotary positive displacement pump supplying countries worldwide were China ($1.4B), Germany ($1.3B) and the United States ($1.1B), together accounting for 51% of global exports. Japan, Italy, Canada, the UK, Mexico, France, Bulgaria and Romania lagged somewhat behind, together comprising a further 29%.

Mexico, with a CAGR of +9.8%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices By Country

The average export price for hydraulic pumps (gear or vane) and other rotary positive displacement pumps stood at $83 per unit in 2022, picking up by 2.6% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the average export price increased by 99% against the previous year. As a result, the export price attained the peak level of $161 per unit. From 2016 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Japan ($413 per unit), while Romania ($18 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.7%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform