The market size value for hydraulic vane pumps in Germany was EUR 148.65 million in 2023. The market has demonstrated fluctuating performances over the past decade, peaking in 2015 and experiencing significant declines in the following years, particularly in 2016 and again in 2022. The market has been on a downward trajectory since 2015, with variations in annual percent changes oscillating between positive and negative growth.
From 2022 to 2023, the market saw a reduction by 1.63%. The five-year compound annual growth rate (CAGR) leading up to 2023 was -0.81%, indicating an overall decrease in market value. Looking forward, the forecasted CAGR from 2024 to 2028 is -1.34%, projecting a continued decline in the hydraulic vane pumps market with a total anticipated decrease of 6.5% by 2028.
Future trends to watch include technological advancements in hydraulic systems, the increasing adoption of more energy-efficient and cost-effective solutions, as well as market consolidation trends that could impact smaller manufacturers and affect overall market dynamics.
