In 2024, Belgium's sold production of parts of fluid power equipment stands at 15.714 million euros. This represents a notable annual growth from 2023, when the value was 14.148 million euros. Over the next four years, the forecasted data indicates a consistent upward trend, with values expected to reach 18.028 million euros by 2028. This reflects the robust growth in the sector, pointing to a compound annual growth rate (CAGR) of approximately 3.5% from 2024 to 2028.
Year-on-year variations are as follows:
- 2024-2025: 3.73%
- 2025-2026: 3.57%
- 2026-2027: 3.41%
- 2027-2028: 3.26%
Future trends to watch for include increasing demand for high-efficiency fluid power equipment, advancements in manufacturing technologies, and heightened emphasis on sustainability and environmental regulations, which may drive innovation and further growth in this sector.
