The production landscape for valves used in oleohydraulic power transmission in Europe is currently led by Italy, with Germany and France following. Italy, as a leader, has demonstrated a year-on-year growth of 3.08% in 2023, indicating strong industry performance. Meanwhile, smaller economies like Croatia and Hungary showed the highest growth rates of 12.67% and 3.72%, respectively, albeit from lower bases. In contrast, Sweden and Finland experienced declines, with Sweden observing a significant drop of 15.94%.
Looking ahead, the European market is likely to see continued growth in valve production, driven by advances in industrial technology and increasing demand for efficient hydraulic systems. Italy and Germany are expected to maintain their leadership due to established infrastructure and expertise, while smaller countries may experience sporadic growth due to niche manufacturing advancements and regional investments.
Top countries in Sold Production of Valves for the Control of Oleohydraulic Power Transmission by Country
| # | 10 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 58,464,000 | 2023 | +4.5% | +3.08% | View data |
| 2 | 2 Germany | 43,191,000 | 2021 | +28.7% | +5.34% | View data |
| 3 | 3 France | 7,713,900 | 2021 | +6.26% | -4.02% | View data |
| 4 | 4 Denmark | 7,045,800 | 2023 | +5.14% | +1.96% | View data |
| 5 | 5 United Kingdom | 4,147,700 | 2023 | +4.27% | +5.87% | View data |
| 6 | 6 Spain | 1,741,600 | 2023 | +10.15% | +3.09% | View data |
| 7 | 7 Sweden | 1,567,300 | 2023 | -12.51% | -15.94% | View data |
| 8 | 8 Finland | 354,260 | 2023 | -6.65% | -6.14% | View data |
| 9 | 9 Croatia | 69,010 | 2023 | +5.14% | +12.67% | View data |
| 10 | 10 Norway | 46,550 | 2021 | -36.32% | -79.98% | View data |
