The German market for valves used in oleohydraulic power transmission saw a fluctuating trend over the past decade. In 2023, the volume stood at 24.144 million kilograms, experiencing a marginal increase of 0.087% from the previous year, following a similar modest growth in 2022. The compound annual growth rate over the last five years was negative at -0.36%, indicating a slight overall decline. Despite occasional upturns, such as in 2017 and 2018, the market has generally stabilized around 24 million kilograms since 2019.
Future trends to watch for include advancements in automation and energy-efficient solutions, which could influence demand. Additionally, environmental regulations might impact the market dynamics, with shifts towards more sustainable and efficient valve technologies. Global supply chain challenges and geopolitical tensions may also play roles in shaping this market's trajectory.
