The UK fluid power equipment production value in 2023 was 1.09 billion Euros. Over the past year, the market saw a marginal increase of 0.64%, following a similar 0.67% rise in 2022. Despite the market's volatility in previous years, the average annual variation over the last five years was a slight 0.52%. Looking ahead, the forecast indicates a modest annual growth rate of 0.52% through to 2028, with an overall growth rate of 2.63% during this period. This signals a period of stability but slow growth for the industry.
Future trends to watch for:
- Technological advancements in fluid power equipment
- Potential impact of regulatory changes on production and innovation
- Shifts in global supply chains affecting raw material availability
- Increasing automation and demand for energy-efficient solutions
