The vane pump market is estimated to be US$ 2,442.4 million in 2024. In 2023, the market size was US$ 2,311.1 million. The market is expected to progress at a CAGR of 5.6% from 2024 to 2034. By 2034, the vane pump market is anticipated to be valued at US$ 4,292.1 million.
Global Vane Pump Market Trends
| Attributes | Details |
|---|---|
| Vane Pump Market Size, 2024 | US$ 2,442.4 million |
| Projected Market Value, 2034 | US$ 4,292.1 million |
| Value-based CAGR (2024 to 2034) | 5.6% |
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The vane pump market valuation was US$ 1,844.5 million in 2019. During the historical period from 2019 to 2023, the market grew at a CAGR of 5.8%.
The adoption of vane pumps in industries continued to accelerate during the historical period. As positive displacement found more of a place in industries, vane pumps had a positive outlook. The growth of the automobile and aerospace industries over the historical period also contributed to the growth of the market. The market value reached US$ 2,311.1 million by 2023.
| Market Valuation (2019) | US$ 1,844.5 million |
|---|---|
| Historical CAGR (2019 to 2023) | 5.8% |
| Historical Market Valuation (2023) | US$ 2,311.1 million |
For 2024, the value of the vane pump market is estimated at US$ 2,442.4 million. During the period from 2024 to 2034, the market is expected to progress at a CAGR of 5.6%.
The easy-to-handle and easy-to-operate features of vane pumps make the machine viable for several industrial processes. With positive displacement equipment’s popularity set to continue over the forecast period, vane pumps are also set to find greater industrial use. The rise of industrialization is expected to positively affect the vane pump market.
However, the presence of numerous alternatives like gear pumps and piston pumps are set to restrict the pace of progress in the market. The market is projected to reach US$ 4,292.1 million by the end of the forecast period.
Principal Consultant
Industrialists are inclined toward the heavy duty subset when it comes to vane pumps. In 2024, heavy duty vane pumps are estimated to hold 32.0% of the market share by product type.
Ease of handling regarding heavy duty vane pumps starts from the installment itself. The machine is easy to install, and when working, it provides operational ease to end-users too. Thus, heavy duty vane pumps are popular in the market.
| Attributes | Details |
|---|---|
| Top Product Type | Heavy Duty |
| Market Share in 2024 | 32.0% |
Vane pumps are widely employed in the aviation industry. For 2024, the aviation segment is anticipated to hold 24.0% of the market share by end-use industry.
Vane pumps have numerous applications in planes. Vane pumps are used in braking systems for all kinds of planes. As the size of the plane gets bigger, the hydraulic system required also increases. Thus, bigger planes have a bigger need for vane pumps. Therefore, the aviation industry is representing a significant end-user base for vane pumps.
| Attributes | Details |
|---|---|
| Top End-use Industry | Aviation |
| Market Share in 2024 | 24.0% |
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Rising industrialization in Asia Pacific, especially in China and India, is propelling the demand for vane pumps. As a result, Asia Pacific represents significant opportunities for market players.
Europe is another region with potential for market growth. Europe drives the global market demand due to the wide acceptance of hydraulic systems in the region.
| Countries | CAGR (2024 to 2034) |
|---|---|
| United States | 5.2% |
| Australia | 5.3% |
| United Kingdom | 5.2% |
| India | 6.3% |
| China | 6.1% |
India is anticipated to be one of the fastest-growing countries in the market. The CAGR for the market in India is marked at a promising 6.3% from 2024 to 2034.
Government initiatives have broadened the scope of industrialization in India. For example, the ‘Make in India’ initiative has helped industries to grow in the country. Market players such as HHV Pumps have taken advantage of the initiative to expand facilities. Thus, the market is getting propelled in India.
China is not far behind India when it comes to Asian countries with regard to the progress of the market. The CAGR for the market in China is pegged at an encouraging 6.1% over the forecast period.
With rapid advancements in the automobile and aviation industries, the adoption of hydraulic systems is increasing in China. Thus, the market is expected to have bright prospects in China.
Various industrial plants for renewable energy are dotting the Australian landscape. With an increasing focus on renewable energy as one of the emerging sectors, demand for vane pumps is rising in Australia and is thus rife with opportunity for the market. The CAGR for Australia over the forecast period is pegged at a solid 5.3%.
In the United Kingdom, the demand for sliding vane pumps is increasing. Manufacturers are paying attention by developing new technologies in sliding vane pumps. Thus, there is an increase both in the production and in the use of sliding vane pumps in the United Kingdom. For the forecast period, the United Kingdom market is pegged to register a reasonable CAGR of 5.2%.
In the United States, pumps and pump systems are viewed positively by industries and regulatory bodies. For example, the ‘Pump Systems Matter’ program has been developed by the Hydraulic Institute in the United States. Vane pumps, too, are benefitting due to the positive outlook towards pumps. Over the forecast period, it is predicted the market will register a sturdy CAGR of 5.2%
Efficiency and low noise levels are two of the important aspects that appeal to end-users while purchasing vane pumps. Manufacturers are further trying to improve efficiency and reduce the noise levels to make vane pumps even more appealing. The help of technology is being sought to meet the dual objectives.
The market for vane pumps is highly competitive. Several well-established companies compete with local players to gain higher profits. Expanding into untapped regions is a common concern among many of the higher-end players.
Recent Developments in the Vane Pump Market
The size of the vane pump market is estimated to be US$ 2,442.4 million in 2024.
Heavy duty vane pumps are leading the market by product type, with an estimated share of 32.0% in 2024.
Vane pumps are commonly used in the aviation industry, with a projected market share of 24.0% in 2024.
The vane pump market size is predicted to be US$ 4,292.1 million by 2034.
The market in India is predicted to progress at a CAGR of 6.3% from 2024 to 2034.
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Supply Chain Analysis
3.5.1. Supply Side Participants and their Roles
3.5.1.1. Producers
3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)
3.5.1.3. Wholesalers and Distributors
3.5.2. Value Added and Value Created at Node in the Supply Chain
3.5.3. List of Raw Material Suppliers
3.5.4. List of Existing and Potential Buyer’s
3.6. Investment Feasibility Matrix
3.7. Value Chain Analysis
3.7.1. Profit Margin Analysis
3.7.2. Wholesalers and Distributors
3.7.3. Retailers
3.8. PESTLE and Porter’s Analysis
3.9. Regulatory Landscape
3.9.1. By Key Regions
3.9.2. By Key Countries
3.10. Regional Parent Market Outlook
3.11. Production and Consumption Statistics
3.12. Import and Export Statistics
4. Global Market Analysis 2019 to 2023 and Forecast, 2024 to 2034
4.1. Historical Market Size Value (US$ Million) & Volume (Units) Analysis, 2019 to 2023
4.2. Current and Future Market Size Value (US$ Million) & Volume (Units) Projections, 2024 to 2034
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Type
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Type, 2019 to 2023
5.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Type, 2024 to 2034
5.3.1. Unbalanced Vane Pump
5.3.2. Balanced Vane Pump
5.3.3. Flexible Vane Pump
5.3.4. Others
5.4. Y-o-Y Growth Trend Analysis By Type, 2019 to 2023
5.5. Absolute $ Opportunity Analysis By Type, 2024 to 2034
6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Component
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Component, 2019 to 2023
6.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Component, 2024 to 2034
6.3.1. Shaft
6.3.2. Casing
6.3.3. Rotor
6.3.4. Cam Ring
6.3.5. Impeller
6.3.6. Sliding Vane
6.4. Y-o-Y Growth Trend Analysis By Component, 2019 to 2023
6.5. Absolute $ Opportunity Analysis By Component, 2024 to 2034
7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By End-Users
7.1. Introduction / Key Findings
7.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By End-Users, 2019 to 2023
7.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By End-Users, 2024 to 2034
7.3.1. Oil & Gas
7.3.2. Automotive
7.3.3. Food & Beverages
7.3.4. Others
7.4. Y-o-Y Growth Trend Analysis By End-Users, 2019 to 2023
7.5. Absolute $ Opportunity Analysis By End-Users, 2024 to 2034
8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region
8.1. Introduction
8.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Region, 2019 to 2023
8.3. Current Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Region, 2024 to 2034
8.3.1. North America
8.3.2. Latin America
8.3.3. Western Europe
8.3.4. Eastern Europe
8.3.5. South Asia and Pacific
8.3.6. East Asia
8.3.7. Middle East and Africa
8.4. Market Attractiveness Analysis By Region
9. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
9.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023
9.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034
9.2.1. By Country
9.2.1.1. USA
9.2.1.2. Canada
9.2.2. By Type
9.2.3. By Component
9.2.4. By End-Users
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By Type
9.3.3. By Component
9.3.4. By End-Users
9.4. Key Takeaways
10. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
10.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023
10.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034
10.2.1. By Country
10.2.1.1. Brazil
10.2.1.2. Mexico
10.2.1.3. Rest of Latin America
10.2.2. By Type
10.2.3. By Component
10.2.4. By End-Users
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Type
10.3.3. By Component
10.3.4. By End-Users
10.4. Key Takeaways
11. Western Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
11.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023
11.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034
11.2.1. By Country
11.2.1.1. Germany
11.2.1.2. UK
11.2.1.3. France
11.2.1.4. Spain
11.2.1.5. Italy
11.2.1.6. Rest of Western Europe
11.2.2. By Type
11.2.3. By Component
11.2.4. By End-Users
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Type
11.3.3. By Component
11.3.4. By End-Users
11.4. Key Takeaways
12. Eastern Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
12.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023
12.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034
12.2.1. By Country
12.2.1.1. Poland
12.2.1.2. Russia
12.2.1.3. Czech Republic
12.2.1.4. Romania
12.2.1.5. Rest of Eastern Europe
12.2.2. By Type
12.2.3. By Component
12.2.4. By End-Users
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Type
12.3.3. By Component
12.3.4. By End-Users
12.4. Key Takeaways
13. South Asia and Pacific Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
13.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023
13.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034
13.2.1. By Country
13.2.1.1. India
13.2.1.2. Bangladesh
13.2.1.3. Australia
13.2.1.4. New Zealand
13.2.1.5. Rest of South Asia and Pacific
13.2.2. By Type
13.2.3. By Component
13.2.4. By End-Users
13.3. Market Attractiveness Analysis
13.3.1. By Country
13.3.2. By Type
13.3.3. By Component
13.3.4. By End-Users
13.4. Key Takeaways
14. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
14.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023
14.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034
14.2.1. By Country
14.2.1.1. China
14.2.1.2. Japan
14.2.1.3. South Korea
14.2.2. By Type
14.2.3. By Component
14.2.4. By End-Users
14.3. Market Attractiveness Analysis
14.3.1. By Country
14.3.2. By Type
14.3.3. By Component
14.3.4. By End-Users
14.4. Key Takeaways
15. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
15.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023
15.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034
15.2.1. By Country
15.2.1.1. GCC Countries
15.2.1.2. South Africa
15.2.1.3. Israel
15.2.1.4. Rest of MEA
15.2.2. By Type
15.2.3. By Component
15.2.4. By End-Users
15.3. Market Attractiveness Analysis
15.3.1. By Country
15.3.2. By Type
15.3.3. By Component
15.3.4. By End-Users
15.4. Key Takeaways
16. Key Countries Market Analysis
16.1. USA
16.1.1. Pricing Analysis
16.1.2. Market Share Analysis, 2023
16.1.2.1. By Type
16.1.2.2. By Component
16.1.2.3. By End-Users
16.2. Canada
16.2.1. Pricing Analysis
16.2.2. Market Share Analysis, 2023
16.2.2.1. By Type
16.2.2.2. By Component
16.2.2.3. By End-Users
16.3. Brazil
16.3.1. Pricing Analysis
16.3.2. Market Share Analysis, 2023
16.3.2.1. By Type
16.3.2.2. By Component
16.3.2.3. By End-Users
16.4. Mexico
16.4.1. Pricing Analysis
16.4.2. Market Share Analysis, 2023
16.4.2.1. By Type
16.4.2.2. By Component
16.4.2.3. By End-Users
16.5. Germany
16.5.1. Pricing Analysis
16.5.2. Market Share Analysis, 2023
16.5.2.1. By Type
16.5.2.2. By Component
16.5.2.3. By End-Users
16.6. UK
16.6.1. Pricing Analysis
16.6.2. Market Share Analysis, 2023
16.6.2.1. By Type
16.6.2.2. By Component
16.6.2.3. By End-Users
16.7. France
16.7.1. Pricing Analysis
16.7.2. Market Share Analysis, 2023
16.7.2.1. By Type
16.7.2.2. By Component
16.7.2.3. By End-Users
16.8. Spain
16.8.1. Pricing Analysis
16.8.2. Market Share Analysis, 2023
16.8.2.1. By Type
16.8.2.2. By Component
16.8.2.3. By End-Users
16.9. Italy
16.9.1. Pricing Analysis
16.9.2. Market Share Analysis, 2023
16.9.2.1. By Type
16.9.2.2. By Component
16.9.2.3. By End-Users
16.10. Poland
16.10.1. Pricing Analysis
16.10.2. Market Share Analysis, 2023
16.10.2.1. By Type
16.10.2.2. By Component
16.10.2.3. By End-Users
16.11. Russia
16.11.1. Pricing Analysis
16.11.2. Market Share Analysis, 2023
16.11.2.1. By Type
16.11.2.2. By Component
16.11.2.3. By End-Users
16.12. Czech Republic
16.12.1. Pricing Analysis
16.12.2. Market Share Analysis, 2023
16.12.2.1. By Type
16.12.2.2. By Component
16.12.2.3. By End-Users
16.13. Romania
16.13.1. Pricing Analysis
16.13.2. Market Share Analysis, 2023
16.13.2.1. By Type
16.13.2.2. By Component
16.13.2.3. By End-Users
16.14. India
16.14.1. Pricing Analysis
16.14.2. Market Share Analysis, 2023
16.14.2.1. By Type
16.14.2.2. By Component
16.14.2.3. By End-Users
16.15. Bangladesh
16.15.1. Pricing Analysis
16.15.2. Market Share Analysis, 2023
16.15.2.1. By Type
16.15.2.2. By Component
16.15.2.3. By End-Users
16.16. Australia
16.16.1. Pricing Analysis
16.16.2. Market Share Analysis, 2023
16.16.2.1. By Type
16.16.2.2. By Component
16.16.2.3. By End-Users
16.17. New Zealand
16.17.1. Pricing Analysis
16.17.2. Market Share Analysis, 2023
16.17.2.1. By Type
16.17.2.2. By Component
16.17.2.3. By End-Users
16.18. China
16.18.1. Pricing Analysis
16.18.2. Market Share Analysis, 2023
16.18.2.1. By Type
16.18.2.2. By Component
16.18.2.3. By End-Users
16.19. Japan
16.19.1. Pricing Analysis
16.19.2. Market Share Analysis, 2023
16.19.2.1. By Type
16.19.2.2. By Component
16.19.2.3. By End-Users
16.20. South Korea
16.20.1. Pricing Analysis
16.20.2. Market Share Analysis, 2023
16.20.2.1. By Type
16.20.2.2. By Component
16.20.2.3. By End-Users
16.21. GCC Countries
16.21.1. Pricing Analysis
16.21.2. Market Share Analysis, 2023
16.21.2.1. By Type
16.21.2.2. By Component
16.21.2.3. By End-Users
16.22. South Africa
16.22.1. Pricing Analysis
16.22.2. Market Share Analysis, 2023
16.22.2.1. By Type
16.22.2.2. By Component
16.22.2.3. By End-Users
16.23. Israel
16.23.1. Pricing Analysis
16.23.2. Market Share Analysis, 2023
16.23.2.1. By Type
16.23.2.2. By Component
16.23.2.3. By End-Users
17. Market Structure Analysis
17.1. Competition Dashboard
17.2. Competition Benchmarking
17.3. Market Share Analysis of Top Players
17.3.1. By Regional
17.3.2. By Type
17.3.3. By Component
17.3.4. By End-Users
18. Competition Analysis
18.1. Competition Deep Dive
18.1.1. YUKEN KOGYO CO. LTD.
18.1.1.1. Overview
18.1.1.2. Product Portfolio
18.1.1.3. Profitability by Market Segments
18.1.1.4. Sales Footprint
18.1.1.5. Strategy Overview
18.1.1.5.1. Marketing Strategy
18.1.1.5.2. Product Strategy
18.1.1.5.3. Channel Strategy
18.1.2. Xylem Inc.
18.1.2.1. Overview
18.1.2.2. Product Portfolio
18.1.2.3. Profitability by Market Segments
18.1.2.4. Sales Footprint
18.1.2.5. Strategy Overview
18.1.2.5.1. Marketing Strategy
18.1.2.5.2. Product Strategy
18.1.2.5.3. Channel Strategy
18.1.3. TOKYO KEIKI USA INC
18.1.3.1. Overview
18.1.3.2. Product Portfolio
18.1.3.3. Profitability by Market Segments
18.1.3.4. Sales Footprint
18.1.3.5. Strategy Overview
18.1.3.5.1. Marketing Strategy
18.1.3.5.2. Product Strategy
18.1.3.5.3. Channel Strategy
18.1.4. Procon Products (Standex International)
18.1.4.1. Overview
18.1.4.2. Product Portfolio
18.1.4.3. Profitability by Market Segments
18.1.4.4. Sales Footprint
18.1.4.5. Strategy Overview
18.1.4.5.1. Marketing Strategy
18.1.4.5.2. Product Strategy
18.1.4.5.3. Channel Strategy
18.1.5. PARKER HANNIFIN CORP
18.1.5.1. Overview
18.1.5.2. Product Portfolio
18.1.5.3. Profitability by Market Segments
18.1.5.4. Sales Footprint
18.1.5.5. Strategy Overview
18.1.5.5.1. Marketing Strategy
18.1.5.5.2. Product Strategy
18.1.5.5.3. Channel Strategy
18.1.6. Camel Precision Co. Ltd
18.1.6.1. Overview
18.1.6.2. Product Portfolio
18.1.6.3. Profitability by Market Segments
18.1.6.4. Sales Footprint
18.1.6.5. Strategy Overview
18.1.6.5.1. Marketing Strategy
18.1.6.5.2. Product Strategy
18.1.6.5.3. Channel Strategy
18.1.7. VELJAN
18.1.7.1. Overview
18.1.7.2. Product Portfolio
18.1.7.3. Profitability by Market Segments
18.1.7.4. Sales Footprint
18.1.7.5. Strategy Overview
18.1.7.5.1. Marketing Strategy
18.1.7.5.2. Product Strategy
18.1.7.5.3. Channel Strategy
18.1.8. Eaton Corporation
18.1.8.1. Overview
18.1.8.2. Product Portfolio
18.1.8.3. Profitability by Market Segments
18.1.8.4. Sales Footprint
18.1.8.5. Strategy Overview
18.1.8.5.1. Marketing Strategy
18.1.8.5.2. Product Strategy
18.1.8.5.3. Channel Strategy
18.1.9. SPECK Pumpen
18.1.9.1. Overview
18.1.9.2. Product Portfolio
18.1.9.3. Profitability by Market Segments
18.1.9.4. Sales Footprint
18.1.9.5. Strategy Overview
18.1.9.5.1. Marketing Strategy
18.1.9.5.2. Product Strategy
18.1.9.5.3. Channel Strategy
18.1.10. Atlas Copco
18.1.10.1. Overview
18.1.10.2. Product Portfolio
18.1.10.3. Profitability by Market Segments
18.1.10.4. Sales Footprint
18.1.10.5. Strategy Overview
18.1.10.5.1. Marketing Strategy
18.1.10.5.2. Product Strategy
18.1.10.5.3. Channel Strategy
19. Assumptions & Acronyms Used
20. Research Methodology
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Vane Pump Market
