In the Italian manufacture of fluid power equipment sector, production stood at €4.11 billion in 2023. This represents an approximate 0.68% increase year-on-year from the previous year, mirroring the same percentage growth seen from 2021 to 2022. Analyzing the 5-year CAGR reveals an average annual growth rate of -1.06% from 2018 to 2023. Future forecasts indicate a moderate upward trend, with a projected 0.51% CAGR over the next five years, culminating in a production value of approximately €4.25 billion by 2028.
Future trends to watch for include:
- Technological advancements in fluid power equipment.
- Impact of environmental regulations on production processes.
- Shifts in global supply chains affecting raw material availability.
- Expansion in demand driven by industrial automation.
