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The gear pump market size is forecast to increase by USD 470.3 million at a CAGR of 4.5% between 2023 and 2028. The global market is experiencing significant growth due to the mechanization of agriculture and the expansion of the agriculture machinery industry. The increasing investments in chemical manufacturing facilities in emerging economies also contribute to the market's growth. However, the contraction in the mining market in China, a major consumer, poses a challenge to the market. Additionally, the rising demand for energy-efficient and cost-effective pumping solutions is driving innovation and competition in the market. Overall, the market is expected to grow steadily, driven by these trends and challenges.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
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