In 2023, Italy led the European sold production of fluid power equipment by share (kilograms), capturing 41.95%, followed closely by Germany at 40.07%. Significant production rises were noted in Norway, with a 209.75% increase, and Croatia, at 12.64%. Meanwhile, France and Hungary saw declines in production shares by 4.4% and 27.59%, respectively. Over the last five years, fluctuations varied, with most countries showing moderate changes, save for Norway, which displayed a sharp upward trend. The Compound Annual Growth Rate (CAGR) suggests stability in the industry despite individual country variations over the period.
Future trends to watch in the European fluid power equipment market include:
- The potential continuation of Norway's meteoric rise in production share.
- Italy and Germany's ongoing battle for market leadership, with Italy currently holding a slight edge.
- Market adjustments in response to declining outputs in France and Hungary.
- Increased focus on sustainability and technological innovation driving production efficiencies.
Top countries in Sold Production of Fluid Power Equipment Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 41.95 | 2023 | +1.39% | +3.94% | View data |
| 2 | 2 Germany | 40.07 | 2023 | +4.36% | +0.097% | View data |
| 3 | 3 Norway | 8.94 | 2023 | +0.031% | +209.75% | View data |
| 4 | 4 Denmark | 5.43 | 2023 | +5.08% | +2.59% | View data |
| 5 | 5 France | 5.06 | 2023 | -6.54% | -4.4% | View data |
| 6 | 6 United Kingdom | 4.98 | 2023 | +3.75% | +5.07% | View data |
| 7 | 7 Sweden | 3.2 | 2023 | +3.64% | +6.32% | View data |
| 8 | 8 Spain | 1.19 | 2023 | +12.09% | +3.87% | View data |
| 9 | 9 Hungary | 0.97 | 2023 | -5.88% | -27.59% | View data |
| 10 | 10 Finland | 0.7 | 2021 | +213.04% | +10.5% | View data |
