From 2013 to 2023, the sold production of hydraulic pumps in Austria has generally exhibited a rising trend, though marked by periods of fluctuation. The year 2013 saw a notable increase, with subsequent moderate growth in 2015 and a significant surge in 2017. Despite a slight dip in 2019, production rebounded strongly in 2021, continuing its upward trajectory into 2023, reaching 9.59 thousand items. From 2019 to 2023, the year-on-year variation ranged from a decline of 13.23% in 2020 to an increase of 2.04% in 2022, stabilizing growth at 1.97% in 2023. The CAGR over the last five years stands at 1.46%.
Looking ahead, the forecast indicates sustained growth through to 2028, with annual increments maintaining a steady pace. The projected CAGR from 2024 to 2028 is estimated at 1.51%, suggesting a stable market environment with consistent annual growth rates. The key future trend will be technological advancements and innovation within hydraulic pump design and manufacturing, driven by increasing demand for efficiency and reliability in industrial applications.
