In 2023, the sold production of parts of fluid power equipment in Austria stood at 89.246 million euros. The forecasted values show a steady increase: 90.303 million euros in 2024, 91.366 million euros in 2025, 92.419 million euros in 2026, 93.462 million euros in 2027, and 94.494 million euros in 2028.
The year-on-year percentage variations are as follows:
- 2024: +1.18%
- 2025: +1.18%
- 2026: +1.15%
- 2027: +1.13%
- 2028: +1.10%
Over the last two years (2022-2023), production growth was moderate. The compound annual growth rate (CAGR) from 2023 to 2028 is expected to be approximately +1.15% per year, indicating a gradual but consistent growth in this sector.
Future trends to watch for include technological advancements in fluid power systems and increasing demand due to industrial automation. Environmental regulations and the move towards sustainable energy solutions could also impact future production trends.
