From 2012 to 2022, the hydraulic gear pumps market in the UK demonstrated fluctuating growth. Initially, the market faced a decline in 2012, but it quickly recovered with significant year-on-year increases, especially notable in 2015 and 2017 with growth rates of 19.11% and 24.93%, respectively. Despite a slight setback in 2020 with a 14.04% reduction, the market rebounded strongly in 2021 with a 25.09% rise, continuing to grow at 3.61% in 2022. Over the last five years, the average compound annual growth rate (CAGR) was recorded at 9.14%.
Future trends to watch for:
- Technological advancements in hydraulic gear pump efficiency
- Increasing adoption of automation in industrial sectors
- Rising demand for energy-efficient hydraulic systems
- Potential market disruptions from emerging alternative technologies
| # | 6 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 57,825,000 | 2023 | +3.41% | +3.17% | |
| 2 | 2 Spain | 29,670,000 | 2023 | +4.14% | +1.56% | View data |
| 3 | 3 Poland | 24,440,000 | 2023 | +1.7% | +0.51% | View data |
| 4 | 4 Denmark | 11,401,000 | 2023 | +6.61% | +2.34% | View data |
| 5 | 5 Finland | 11,342,000 | 2023 | +3.87% | +2.84% | View data |
