The European sold production of fluid power equipment in 2023 showed significant variation among countries. Italy led with 66.616 million kilograms, closely followed by Germany at 63.622 million kilograms. Norway experienced an exceptional growth rate of 209.75%, while Hungary saw a notable decline of 27.59%. Other notable performances included the United Kingdom with a 5.07% increase and France with a 4.4% decrease. Sweden and Denmark exhibited modest growth, with variations of 6.32% and 2.59% respectively. Despite smaller volumes, Croatia, Romania, and Estonia also recorded growth, highlighting potential niches in these markets.
Going forward, trends to watch include the technological innovation in fluid power systems, aligning with the green energy transition. The market might also be influenced by shifts in industrial activities in Europe and potential regulatory changes to support sustainable practices. Italy and Germany's robust output suggests they could lead innovation and standard setting for the industry.
Top countries in Sold Production of Fluid Power Equipment by Country
| # | 10 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 66,616,000 | 2023 | +1.39% | +3.94% | View data |
| 2 | 2 Germany | 63,622,000 | 2023 | +4.36% | +0.097% | View data |
| 3 | 3 Norway | 14,190,000 | 2023 | +0.031% | +209.75% | View data |
| 4 | 4 Denmark | 8,623,600 | 2023 | +5.08% | +2.59% | View data |
| 5 | 5 France | 8,039,500 | 2023 | -6.54% | -4.4% | View data |
| 6 | 6 United Kingdom | 7,901,500 | 2023 | +3.75% | +5.07% | View data |
| 7 | 7 Sweden | 5,074,000 | 2023 | +3.64% | +6.32% | View data |
| 8 | 8 Spain | 1,886,000 | 2023 | +12.09% | +3.87% | View data |
| 9 | 9 Hungary | 1,537,800 | 2023 | -5.88% | -27.59% | View data |
| 10 | 10 Finland | 1,105,400 | 2021 | +213.04% | +10.5% | View data |
