In 2024, Germany leads European exports of fluid power equipment, closely followed by Italy and Hungary. Key growth in 2023 was observed in Belgium and the Netherlands, with noticeable declines in Italy and Romania. Smaller markets like Luxembourg and Estonia registered significant percentage hikes, showcasing dynamic small-market growth. The compound annual growth rate (CAGR) over the past five years underscores stable expansion across major exporters, despite minor fluctuations.
Future trends to monitor include technological advancements, demand shifts due to industrial automation, and regional trade agreements affecting market dynamics. Diversifying exports and green technology will be pivotal in upcoming market strategies.
Top countries in Export of Fluid Power Equipment by Country
| # | 10 Countries | Units (Items) | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 6,021,300 | 2023 | +3.68% | +6.68% | View data |
| 2 | 2 Italy | 2,390,600 | 2023 | +2.08% | -3.65% | View data |
| 3 | 3 Hungary | 1,792,000 | 2023 | +3.98% | +2.92% | View data |
| 4 | 4 France | 1,578,700 | 2023 | +4.9% | +5.35% | View data |
| 5 | 5 Czechia | 1,482,800 | 2023 | |||
| 6 | 6 Bulgaria | 894,220 | 2023 | +2.54% | -0.74% | View data |
| 7 | 7 Romania | 645,360 | 2023 | +2.52% | -2.25% | View data |
| 8 | 8 Spain | 340,040 | 2023 | +5.69% | -1.17% | View data |
| 9 | 9 Belgium | 330,400 | 2023 | +14.06% | +9.17% | View data |
| 10 | 10 Netherlands | 196,590 | 2023 | +0.92% | +8.77% | View data |
