In 2023, Germany's production of hydraulic brake fluids and other prepared liquids for hydraulic transmission stood at 116.53 million kilograms. The forecast for 2024 suggests a growth to 119.79 million kilograms, marking a year-on-year growth of approximately 2.8%. This positive trend is anticipated to continue, with projections of 123.14 million kilograms in 2025, 126.46 million kilograms in 2026, 129.74 million kilograms in 2027, and reaching 132.99 million kilograms by 2028. The compound annual growth rate (CAGR) for the period from 2024 to 2028 is forecasted at around 2.6%, indicating stable growth.
Future trends to watch include:
- The impact of advancements in electric vehicle technology, which may reduce the demand for traditional hydraulic systems.
- Potential regulatory changes focused on environmental sustainability, which might influence production processes and product formulations.
- Technological innovations in hydraulic fluids aimed at improving performance and efficiency.
