Over the past decade, the Estonian market for fuel, lubricating, or cooling-medium pumps for internal combustion engines showcased a growth trajectory in value terms, reaching 3.9306 million Euros in 2023. Between 2013 and 2023, the market experienced periods of fluctuation, with a significant increase in growth in 2017 and 2018 followed by more modest year-on-year growth rates from 2019 onwards. The compound annual growth rate (CAGR) over the last five years averaged 4.05%, indicating a steady upward trend.
Future trends to watch for:
- Transition towards electric vehicles, impacting demand for traditional combustion engine components.
- Emerging technologies in pump efficiency and sustainability.
- Potential economic or regulatory changes affecting manufacturing and import/export activities.
| # | 7 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 497,830,000 | 2023 | +0.78% | +0.29% | View data |
| 2 | 2 Hungary | 356,430,000 | 2023 | +3.06% | +0.39% | View data |
| 3 | 3 Austria | 326,450,000 | 2023 | +3.13% | -2.36% | View data |
| 4 | 4 Sweden | 263,120,000 | 2023 | +5.07% | +2.48% | View data |
| 5 | 5 Bulgaria | 11,861,000 | 2023 | +3.88% | +4.64% | View data |
| 6 | 6 Croatia | 11,391,000 | 2023 | +1.93% | +2.9% | View data |
| 7 | 7 Estonia | 3,930,600 | 2023 | +3.27% | +4.05% |
