The forecast for the UK's sold production of fluid power equipment shows a consistent upward trend from 2024 to 2028. In 2023, the actual production value provides a key benchmark for understanding this growth trajectory. Each year from 2024 to 2028 sees sold production increasing by approximately 3-3.5% annually, indicating a stable positive growth. This result in a compound annual growth rate that points towards potential sustained demand and production advancements in this sector over the five-year forecast period.

Future trends to watch for include:

Technological innovations driving efficiency in production processes.
Potential impacts from economic fluctuations or changes in trade policies.
Developments in sustainable fluid power technologies responding to environmental regulations.