The hydraulic pumps market in the UK displayed a mixed performance from 2013 to 2023. Initial years showed decline, but a robust recovery began in 2015, peaking in 2018 with a value of 118.22 Million Euros. After a dip in 2019 and significant downward trend in 2020, the market rebounded strongly in subsequent years, reaching 119.04 Million Euros by 2023. The average Compound Annual Growth Rate (CAGR) for the last five years was 0.14%, indicating moderate improvement.

Key trends and variations over recent years:

From 2021 to 2022: 1.16% rise
From 2022 to 2023: 1.13% rise

Future trends for the hydraulic pumps market include:

Between 2024 and 2028, the forecasted 5-year CAGR stands at 0.89%, predicting steady growth.
End-of-cycle growth rate forecasted at 4.54% over the next five years.
Key drivers will include technological advancements, increasing industrial automation, and sustainable energy sources influencing hydraulic system innovations.