In 2023, China led the global export market for linear acting hydraulic power engines and motors with a substantial share of 71.48%, followed by Belarus (12.61%) and the United States (8.95%). Notable growth was seen in China's exports with a 4.95% increase, indicating its strong market position. Other countries such as New Zealand and India also saw positive growth of 5.37% and 4.37% respectively. Conversely, countries such as Switzerland and Argentina experienced declines in their export shares by -6.55% and -5.09% respectively.
Looking ahead, key trends include:
- Continued dominance of China's market share, with potential for further growth.
- Potential recovery in declining markets such as Switzerland if strategic changes are implemented.
- Emerging markets like India and New Zealand may continue to grow, capturing larger shares.
- Monitoring geopolitical relations and economic policies could critically impact export dynamics.
Top countries in Export of Linear Acting Hydraulic Power Engines and Motors Share by Country (Units)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 71.48 | 2023 | +4.74% | +4.95% | View data |
| 2 | 2 Belarus | 12.61 | 2023 | -3.44% | -3.53% | View data |
| 3 | 3 United States | 8.95 | 2023 | +3.75% | +4.42% | View data |
| 4 | 4 Mexico | 1.84 | 2023 | +2.53% | +1.26% | View data |
| 5 | 5 Russia | 1.6 | 2023 | +3% | +1.97% | View data |
| 6 | 6 New Zealand | 1.55 | 2023 | +6.12% | +5.37% | View data |
| 7 | 7 India | 1.23 | 2023 | +5.57% | +4.37% | View data |
| 8 | 8 Singapore | 0.68 | 2023 | +5.03% | +1.96% | View data |
| 9 | 9 Brazil | 0.64 | 2023 | -1.08% | -1.29% | View data |
| 10 | 10 Switzerland | 0.052 | 2023 | -23.39% | -6.55% | View data |
