The analysis of European Fluid Power Equipment Hours Worked by Country in 2023 revealed significant variations. Germany maintained the highest number of hours worked, recording a value of 97.551 million hours. Italy followed with 33.731 million hours. Bulgaria, Poland, Sweden, and the Czech Republic also contributed substantial hours, with varying year-on-year growth rates. Poland showed a strong increase of 7.1%, while Sweden had the highest growth at 13.09%. Conversely, the United Kingdom and Finland experienced declines in hours worked, with decreases of 5.6% and 1.46%, respectively.
Future trends to watch for include continued growth in Eastern European countries like Poland and Bulgaria, which are expected to see further increases in their fluid power equipment sectors. Additionally, Western European countries such as Germany and Italy will likely maintain their leading positions but may face stiffer competition from emerging markets.
Top countries in Fluid Power Equipment Hours Worked by Country
| # | 10 Countries | Hours | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 97,551,000 | 2023 | +9.42% | +4.55% | View data |
| 2 | 2 Italy | 33,731,000 | 2023 | +3.39% | +3.88% | View data |
| 3 | 3 Bulgaria | 11,007,000 | 2023 | +5.16% | +1.99% | View data |
| 4 | 4 Poland | 10,370,000 | 2023 | +5.47% | +7.1% | View data |
| 5 | 5 Sweden | 9,242,900 | 2023 | +11.27% | +13.09% | View data |
| 6 | 6 Czech Republic | 7,516,700 | 2023 | +0.55% | -0.37% | View data |
| 7 | 7 United Kingdom | 6,304,800 | 2023 | -7.84% | -5.6% | View data |
| 8 | 8 Hungary | 5,320,900 | 2023 | +5.87% | +4.64% | View data |
| 9 | 9 Netherlands | 5,165,700 | 2023 | +8.08% | +4.81% | View data |
| 10 | 10 Spain | 4,844,200 | 2023 | +2.25% | +0.83% | View data |
