REPORT OVERVIEW
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The global hand pump market size was worth US$ 190 million in 2021. The global COVID-19 pandemic has been unprecedented and staggering, with the hand pump market experiencing higher-than-anticipated/lower-than-anticipated demand across all regions compared to pre-pandemic levels. As per our research, the market is expected to generate substantial revenue by 2028, exhibiting a CAGR of 1.9% during the forecast period. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.
Hand pumps are manually operated pumps. The pumps are used for several mechanical advantages, such as moving air or fluids from one place to another. It is widely used for marine, industrial, leisure and irrigation activities.
Rising need for the pump in industries to move air or fluids from one place to another. The pumps are used to raise and lower heavy objects. Increased need for material handling machinery is expected to drive market growth. The properties of the pumps are durability, portability, easy-to-use, lightweight, and compact design. Such properties of the equipment are expected to attract more consumers over the estimated period. Rapid industrialization and the high need for pumps in civil activities boost the market growth. Further, it is predicted to grow market progress by providing precision, stability and efficiency. The pumps are the most economical and simple solution. It is used to give a collective supply of drinking water in rural areas. Adoption of the pump will help to improve hygiene conditions and is anticipated to surge market growth in the forthcoming years. On the contrary, regular maintenance and physical exertion are anticipated to obstruct market growth in the upcoming years.
COVID-19 Impact: Lack of Workforce and Shutting of Industries to Limit Market Growth
Lockdown restrictions and several regulations by governments across the world impact market progress. Lower rate of availability of workers. Also, the closure of industrial activities harms market growth. The market witnessed supply and chain disruption, and the shutting of industries reduced demand from end-user sectors.
LATEST TRENDS
"Beneficial Properties of Pump to Boost Market Growth "
The properties of the pumps are durability, portability, easy-to-use, lightweight, and compact design. Such properties of the equipment are expected to attract more consumers over the estimated period. Rapid industrialization and the high need for pumps in civil activities boost market growth. Further, it is used to provide precision, stability and efficiency and is predicted to increase market progress in the upcoming years.
SEGMENTATION
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- By Type
Based on type, the market is divided into rotary pump, lever action pump, piston pump, drum siphon pump, and hydraulic hand pump.
Lever action pump is expected to be the top part of type segmentation
- By Application
Based on the application, the market is divided into industrial and civil.
Industrial is expected to be the top part of application segmentation.
DRIVING FACTORS
"High Need for Drinking Water to Propel Market Growth"
The increased need for drinking water in urban areas is estimated to fuel market progress. The pumps are the most economical and simple solution. The equipment helps to eliminate the risks of children, people, in particular, falling into open wells. They are safe and improve the condition of hygiene, which is estimated to fuel market progress. Rise in need for pumps for better water supply. Government regulations to provide safe water is estimated to expand market growth in the upcoming years. Rising need for the pump in industries to move air or fluids from one place to another. The pumps are used to raise and lower heavy objects. Increased demand for material handling machinery is expected to drive market growth.
"Easy Installation and Great Versatility to Expand Market Progress"
The pumps offer quick and easy installation. The product ensures several operations in industrial applications, construction, and gardening. The pumps can be installed in residential areas. Further, a high need for safe operations for adequate operations is predicted to drive market growth. The pumps are very resistant and consume less energy which is anticipated to extend market progress in the upcoming years. The pumps are highly resistant to humidity and have low-level shocks. The pumps can protect the internal elements of the equipment, which is estimated to flourish in market growth in the upcoming years.
RESTRAINING FACTORS
"Regular Maintenance and Physical Exertion to Limit Market Progress"
Routine maintenance and physical exertion are anticipated to obstruct market growth in the upcoming years.
REGIONAL INSIGHTS
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"Growing Need for Drinking Water Facilities in Asia Pacific to Drive Market Share "
Asia Pacific is estimated to account for the hand pump market share owing to an increased need for drinking water in rural areas. Rising demand for the pump in industries to move air or fluids from one place to another. The pumps are used to raise and lower heavy objects. Increased need for material handling machinery is expected to drive market growth. The properties of the pumps are durability, portability, easy-to-use, lightweight, and compact design. Such properties of the equipment are expected to attract more consumers over the estimated period. Rapid industrialization and the high need for pumps in civil activities to boost the market growth. Further, it is predicted to grow market progress by providing precision, stability and efficiency.
North America is predicted to hold prominent market growth owing to the rise in demand for the pump in industrial activities. Massive adoption of the pump to flow moving air or fluids from one place to another. It is widely used for marine, industrial, leisure and irrigation activities. These factors in North America to expand market growth.
KEY INDUSTRY PLAYERS
"Leading Players Adopt New Strategies to Stay Competitive"
The report covers information about the list of market players and their latest development in the industry. The information includes mergers, partnerships, acquisitions, technological developments, and production lines. Other aspects examined for this market include complete research on companies producing and introducing the latest products, regions they conduct their operations in, automation, technology adoption, generating the most revenue, and making a difference with their products.
List of Market Players Profiled
- Gorman-Rupp (U.S.)
- Zep (U.S.)
- National Spencer (U.S.)
- ATD Tools (U.S.)
- GoatThroat (U.S.)
- Action Pump (
- Tuthill (U.S.)
- Pump (U.S.)
- Graco (U.S.)
- Macnaught (Australia)
- Jessberger (Germany)
- Kyoritsu kiko (Japan)
- GROVHAC (U.S.)
- AMBICA MACHINE (India)
- Great Plains (U.S.)
- Vestil (U.S.)
- Pro Chem (South Africa)
- Toyo (India)
- Groz (India)
- Jaan-Huei (China)
- New Zealand (U.S.)
- Alemite (U.S.)
- Xylem (U.S.)
- ENERPAC (U.S.)
- ITH (U.S.)
- SCHAAF (Germany)
- Ralston Instruments (U.S.)
- Prince Manufacturing (U.S.)
- BRAND (India)
- Werner Weitner (Germany)
- Gardner Bender (U.S.)
- Zhongcheng Pump Industry (China)
- Shanghai Bosheng Pumps (China)
- Shanghai Yangguang Pump (China)
- Hongyun Safetytools (China)
- Shanghai Shangqiu Pump (China)
REPORT COVERAGE
This research profiles a report with general studies that explain the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by examining the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, and others. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.
Frequently Asked Questions
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What is the leading region in the hand pump market?
The leading region in the hand pump market is Asia Pacific.
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What are the driving factors help pushing the hand pump market?
The drivers of the hand pump market are increased adoption of mechanical anchors or fasteners and growing demand from commercial sector.
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Which are the key player or most dominating companies functioning in the hand pump market?
Gorman-Rupp, Zep, National Spencer, ATD Tools, GoatThroat, Action Pump, Tuthill, Pump, Graco, Macnaught, Jessberger, Kyoritsu kiko, GROVHAC, AMBICA MACHINE, Great Plains, Vestil, Pro Chem, Toyo, Groz, Jaan-Huei, New Zealand, Alemite, Xylem, ENERPAC, ITH, SCHAAF, Ralston Instruments, Prince Manufacturing, BRAND, Werner Weitner, Gardner Bender, Zhongcheng Pump Industry, Shanghai Bosheng Pumps, Shanghai Yangguang Pump, Hongyun Safetytools, and Shanghai Shangqiu Pump are the key player or most dominating companies functioning in the hand pump market.
