In 2023, France held the largest share of the European sold production of hydraulic systems with power packs and actuators, followed closely by the Netherlands. However, both countries experienced contrasting year-on-year growth rates, with France decreasing by 2.55% and the Netherlands increasing by 3.59%. Germany and Italy also played significant roles but showed minimal changes, while notable growth was observed in Austria (5.08%) and Sweden (9.36%). The UK and Norway saw substantial increases, with Norway experiencing an impressive 29.9% growth. Smaller markets like Lithuania, Croatia, and Poland faced declines, with Poland seeing the most significant drop at 37.73%.
Future trends to watch include:
- The recovery and potential growth in smaller markets, considering the recent declines.
- The sustainability and continuation of growth in countries like Austria, Sweden, and Norway.
- Technological advancements and their impact on production efficiency and market shares across countries.
Top countries in Sold Production of Hydraulic Systems with Power Packs and with Actuators Share by Country (Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 17.32 | 2023 | +7.01% | -2.55% | View data |
| 2 | 2 Netherlands | 17.17 | 2023 | +5.47% | +3.59% | View data |
| 3 | 3 Germany | 12.61 | 2023 | +7.42% | +0.33% | View data |
| 4 | 4 Italy | 10.94 | 2023 | +6.17% | -4.87% | View data |
| 5 | 5 Denmark | 9.39 | 2023 | +3.9% | +3.43% | View data |
| 6 | 6 Austria | 9.12 | 2023 | +5.1% | +5.08% | View data |
| 7 | 7 Czechia | 6.32 | 2023 | |||
| 8 | 8 Norway | 6.08 | 2023 | +14.09% | +29.9% | View data |
| 9 | 9 Sweden | 5.29 | 2023 | +4.55% | +9.36% | View data |
| 10 | 10 United Kingdom | 3.57 | 2023 | -1.17% | +5.63% | View data |
