In 2023, Germany led European hydraulic systems production with power packs, accounting for 32.84%, though showing a slight decline of 1.64% from the previous year. Italy followed at 31.25%, buoyed by a 3.26% increase. Denmark saw a significant rise of 28.97%, reaching a share of 13.83%. Other notable contributions included the Netherlands (9.93%) and the UK (8.01%). Norway, Finland, Bulgaria, Lithuania, and Portugal contributed less than 6% collectively. Over the past five years, Denmark displayed remarkable growth, indicating rising industry potential. The Polish industry showed promising signs albeit from a small base in 2023.
Future trends to monitor include technological advancements in hydraulic systems, increased environmental regulations, and the growth of renewable energy sources which may influence production and share variations across Europe. Automation and Industry 4.0 trends may further shift the landscape, potentially amplifying the roles of technologically adaptive countries in this sector.
Top countries in Sold Production of Hydraulic Systems with Power Packs Share by Country (Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 32.84 | 2023 | +5.66% | -1.64% | View data |
| 2 | 2 Italy | 31.25 | 2023 | +2.08% | +3.26% | View data |
| 3 | 3 Denmark | 13.83 | 2023 | +23.39% | +28.97% | View data |
| 4 | 4 Netherlands | 9.93 | 2023 | +5.17% | +10.65% | View data |
| 5 | 5 United Kingdom | 8.01 | 2023 | -2.11% | +0.62% | View data |
| 6 | 6 Norway | 5.75 | 2023 | +19% | -2.87% | View data |
| 7 | 7 Finland | 3.81 | 2023 | +7.44% | -0.34% | View data |
| 8 | 8 Bulgaria | 1.03 | 2023 | +5.7% | +17.06% | View data |
| 9 | 9 Lithuania | 0.1 | 2023 | +4.63% | +5.68% | View data |
| 10 | 10 Portugal | 0.048 | 2023 | +5.12% | +8.44% | View data |
