The global vane pump market is projected to reach USD 2,442.4 million in 2024, up from USD 2,311.1 million in 2023. This steady growth reflects increasing demand across industries such as automotive, oil & gas, and manufacturing. The market is set to expand at a CAGR of 5.6% from 2024 to 2034. By 2034, it is expected to attain a value of USD 4,292.1 million. Rising industrial automation and fluid handling efficiency are key growth drivers.
The global vane pump market is witnessing robust growth, driven by the increasing demand for efficient fluid-handling systems and compact, easy-to-operate industrial equipment. With positive displacement pumps becoming integral to numerous sectors, vane pumps are gaining traction across automotive, aviation, and manufacturing industries. Their compact design and reliability in hydraulic systems make them a preferred choice for industrial fluid transfer.
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