The sold production of hydraulic vane pumps in France has experienced a significant decline from 2013 to 2023, dropping from 53.34 million Euros to 27.827 million Euros. This represents a steep decrease due to various market dynamics. Over the last two years (2021-2023), the market has shown slight recovery signs with a positive annual variation of 1.44% in 2022 and 1.36% in 2023. The Compound Annual Growth Rate (CAGR) over the past five years (2018-2023) indicates an average annual decline of 3.5%.
Future trends to watch for:
- Forecasts indicate a modest recovery with a 5-year CAGR of 1% from 2024 to 2028, culminating in a growth rate of 5.12% over this period.
- Emerging technologies, market diversification, and enhanced efficiencies may drive demand.
