The production in the manufacture of fluid power equipment sector in France has exhibited a fluctuating but predominantly declining trend. Between 2013 and 2015, there was an initial growth, but this was followed by a sharp downturn starting in 2016. Specifically, there was a significant year-on-year reduction of 26.1% in 2017, and the value continued to drop annually, reaching €0.725 billion in 2023. Over the last five years, the CAGR was -5.9%, reflecting a consistent decline. From 2024 onwards, this negative trend is projected to persist, with a forecasted five-year CAGR of -5.67% leading to a 25.32% decrease by 2028.
Future trends to watch for include:
- Technological advancements and automation in fluid power equipment.
- Potential shifts in global supply chains and raw material availability.
- The impact of regulatory changes and environmental policies on production processes.
