In 2023, Germany and the United States led the global export market for linear acting hydraulic power engines and motors, accounting for approximately 17.09% and 16.21% respectively. While Germany posted a modest year-on-year growth of 1.99%, the U.S. experienced a higher growth rate of 4.13%. China's export share stood at 11.49% with a healthy growth of 3.91%. Notable growth was observed in nations like Portugal and Armenia, showcasing year-on-year increases of 8.62% and 28.99%, respectively. Meanwhile, exports from countries like Slovakia and Brunei saw declines of 15.83% and 26.97%, respectively.
Future trends to watch include:
- Continued dominance of Germany and the U.S., with potential for rivalry with China.
- Emerging exporters in Eastern Europe and South America, gaining traction through strategic trade partnerships.
- Technological advancements driving efficiency and cost-effectiveness in production could shift market shares.
- Geopolitical factors potentially reshuffling global supply chains and export rankings.
Top countries in Export of Linear Acting Hydraulic Power Engines and Motors Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 17.09 | 2023 | +2.93% | +1.99% | View data |
| 2 | 2 United States | 16.21 | 2023 | +3.73% | +4.13% | View data |
| 3 | 3 China | 11.49 | 2023 | +4.45% | +3.91% | View data |
| 4 | 4 France | 6.19 | 2023 | +3.34% | +2.64% | View data |
| 5 | 5 South Korea | 5.47 | 2023 | +3.95% | +3.23% | View data |
| 6 | 6 United Kingdom | 4.88 | 2023 | +4.25% | +2.63% | View data |
| 7 | 7 Canada | 3.74 | 2023 | +1.93% | +2.44% | View data |
| 8 | 8 Netherlands | 3.58 | 2023 | +4.34% | +2.44% | View data |
| 9 | 9 Japan | 3.39 | 2023 | -0.5% | -0.49% | View data |
| 10 | 10 Bulgaria | 2.95 | 2023 | +3.67% | +3.07% | View data |
