In 2023, the production value of fluid power equipment in Finland stood at an estimated 226.0 million Euros. Moving into the forecasted period, we see the following year-on-year variations: 2024 (+1.2%), 2025 (+1.2%), 2026 (+1.2%), 2027 (+1.2%), and 2028 (+1.1%). Over the last two years, from 2023 to 2024, the value grew by approximately 1.2%. The compound annual growth rate (CAGR) over this five-year period from 2023 to 2028 is about 1.2%, reflecting consistent growth in the sector.
Future trends to watch include advancements in automation and digitalization within the fluid power industry, growth in sectors reliant on fluid power such as manufacturing and renewable energy, and potential impacts of regulations concerning environmental sustainability. Monitoring these trends could provide deeper insights into the future dynamics of fluid power equipment production in Finland.
