In 2023, the sold production of parts of fluid power equipment in the UK was significantly growing. The forecast data anticipates a steady increase from 2024 to 2028, with a year-on-year growth rate hovering around 1-2% annually. Over the five-year period, the compound annual growth rate (CAGR) is projected to be approximately 1.5% annually. This reflects consistent yet moderate growth in the sector.
Future trends to watch for include technological advancements in fluid power systems, increased adoption of energy-efficient equipment, and potential impacts from regulatory changes. Additionally, shifts in global supply chain dynamics and economic conditions could influence production levels.
