The production in the manufacture of fluid power equipment sector in Sweden stood at 10.38 billion SEK in 2023. Based on forecasted data, the sector is expected to grow consistently from 2024 to 2028. Year-on-year variations indicate a steady increase of approximately 2.3% between 2024 and 2025, 2.1% between 2025 and 2026, 1.8% between 2026 and 2027, and 1.7% between 2027 and 2028, resulting in a compound annual growth rate (CAGR) of around 2% over the last five years.
Future trends to watch for include advancements in automation and digitalization, which could further enhance production efficiencies in the sector. Additionally, sustainability practices and the push for eco-friendly fluid power systems may become more significant, driving innovation and potentially higher growth rates in the coming years.
