The hydraulic gear pumps market in Finland has exhibited varied year-on-year growth patterns in the past decade. From 2012 to 2022, the market value in million Euros showed initial fluctuations, with a significant peak in 2017 at a growth rate of 23.27%. Despite some down years like 2013 and 2020, the market recovered in the subsequent years. Notably, between 2017 and 2022, the market growth remained relatively stable, with only minor fluctuations ranging from -7.65% to 5.85%. The compound annual growth rate (CAGR) over the last five years hovered around 3.81%, indicating a moderate growth trend.
Future trends to watch for:
- Adoption of advanced hydraulic technologies.
- Increasing investments in industrial automation.
- Potential impact of global supply chain dynamics on market growth.
- Emphasis on energy-efficient and sustainable hydraulic solutions.
| # | 6 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 57,825,000 | 2023 | +3.41% | +3.17% | View data |
| 2 | 2 Spain | 29,670,000 | 2023 | +4.14% | +1.56% | View data |
| 3 | 3 Poland | 24,440,000 | 2023 | +1.7% | +0.51% | View data |
| 4 | 4 Denmark | 11,401,000 | 2023 | +6.61% | +2.34% | View data |
| 5 | 5 Finland | 11,342,000 | 2023 | +3.87% | +2.84% | |
| 6 | 6 Portugal | 3,192,900 | 2023 | +3.49% | +3.91% | View data |
