In 2023, Italy dominated European production with a 52.41% share of hydraulic gear pumps, followed by Germany at 34.34%. The UK and Poland trailed significantly with 2.23% and 2.15%, respectively. France's share stood at 1.09%, while Denmark and Portugal captured 0.23% and 0.21%. Noteworthy year-on-year variations in 2023 included Italy's modest growth of 1.1% and Denmark's surging 40.51%. Notably, Spain and Hungary saw significant declines, with Spain dropping by 41.3%.
Future trends to watch for include:
- Continued dominance of Italy and Germany, contingent on maintaining competitive advantages in production.
- The potential for growth in Denmark due to significant recent increases.
- The likelihood of declining shares from the UK, Hungary, and Spain unless strategic changes are made.
- Further technological advancements and shifts in market demand influencing smaller producers.
Top countries in Sold Production of Hydraulic Gear Pumps Share by Country (Units (Items))
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 52.41 | 2023 | +6.61% | +1.1% | View data |
| 2 | 2 Germany | 34.34 | 2023 | +8.23% | +0.071% | View data |
| 3 | 3 United Kingdom | 2.23 | 2023 | -1.61% | -3.59% | View data |
| 4 | 4 Poland | 2.15 | 2023 | +1.41% | -0.026% | View data |
| 5 | 5 France | 1.09 | 2021 | +7.24% | -15.02% | View data |
| 6 | 6 Denmark | 0.23 | 2023 | +24.22% | +40.51% | View data |
| 7 | 7 Portugal | 0.21 | 2023 | +7.39% | +2.84% | View data |
| 8 | 8 Hungary | 0.053 | 2023 | -39.17% | -7.45% | View data |
| 9 | 9 Spain | 0.034 | 2023 | -78.05% | -41.3% | View data |
| 10 | 10 Finland | 0.024 | 2023 | +8.54% | +24.29% | View data |
