In 2023, Germany remained the leader in the European production of fluid power equipment with a substantial value of 7.6746 billion Euros, reflecting a 2.78% increase from the previous year. Italy followed with 2.7885 billion Euros, showing a robust 3.1% growth. France and the UK noted small yet significant increases of -0.0054% and 2.71%, respectively. Denmark saw a modest rise of 1.39%, while the Netherlands experienced a decline of 2.55%. Austria and Poland both enjoyed solid growth, at 5.36% and 5.16% respectively. On the other hand, Sweden and Hungary faced considerable declines of -10.26% and -10.05%. Smaller but notable increases came from Bulgaria (4.47%), Norway (4.02%), Portugal (3.97%), and Romania with a standout growth of 62.59%. However, Belgium saw a decline of 6.92%.
The future trends to watch in this sector include potential technological advancements, shifts in industrial demands, and the impact of sustainability practices. A focus on automation, digitalization, and the integration of green technologies could redefine production processes and create new growth opportunities across various European countries. Monitoring these trends will be key to understanding the competitive dynamics and investment opportunities in the fluid power equipment market.
Top countries in Sold Production of Fluid Power Equipment by Country
| # | 10 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 7,674,600,000 | 2023 | +5.73% | +2.78% | View data |
| 2 | 2 Italy | 2,788,500,000 | 2023 | +6.33% | +3.1% | View data |
| 3 | 3 France | 1,286,000,000 | 2023 | +5.82% | -0.0054% | View data |
| 4 | 4 United Kingdom | 1,249,500,000 | 2023 | +1.17% | +2.71% | View data |
| 5 | 5 Denmark | 780,730,000 | 2023 | +9.2% | +1.39% | View data |
| 6 | 6 Netherlands | 398,880,000 | 2023 | +10.08% | -2.55% | View data |
| 7 | 7 Austria | 337,160,000 | 2023 | +14.97% | +5.36% | View data |
| 8 | 8 Poland | 284,260,000 | 2023 | +4.19% | +5.16% | View data |
| 9 | 9 Sweden | 283,770,000 | 2023 | +7.07% | -10.26% | View data |
| 10 | 10 Spain | 269,780,000 | 2023 | +10.8% | +2.01% | View data |
