The UK fluid power equipment industry is projected to experience modest growth, with the number of enterprises gradually increasing from 184 in 2024 to 192 in 2028. Comparatively, for 2023, data stands on record, indicating a steady year-on-year growth close to 1.09% annually across the five-year forecast period. This reflects a compound annual growth rate (CAGR) that underlines stable expansion amidst potential market challenges.
Future trends to watch include:
- Technological advancements in fluid power systems improving efficiency.
- Regulatory changes impacting manufacturing and operational standards.
- Increased demand from sectors such as manufacturing and construction.
- Potential impact of economic and geopolitical factors on enterprise growth.
