The import of linear acting hydraulic power engines and motors to the US is projected to grow steadily from $10.114 million in 2024 to $10.985 million in 2028. This represents a year-on-year growth of approximately 2.2% between 2024 and 2025, with a consistent annual increase evident throughout the period. The Compound Annual Growth Rate (CAGR) over these five years is estimated at 2.1%, suggesting a stable upward trend compared to earlier years. As of 2023, the value stood at a figure that indicates slight growth leading into the 2024 forecast.
Future trends to watch include:
- The impact of technological advancements on the efficiency of hydraulic power engines and motors, potentially driving import demand.
- US industrial growth and infrastructure investments, which could further influence import volumes.
- Trade policies and tariff changes that might affect import dynamics.