In 2023, the production value of pump parts in Italy was below the 2024 forecast of 454.88 million Euros. Between 2024 and 2028, the production value is expected to increase steadily, reaching 520.87 million Euros by 2028. This suggests a year-on-year growth pattern. Between 2024 and 2025, an increase of approximately 3.7% is anticipated, maintaining a similar trend of growth over the following years, with forecasted values progressively rising by around 3.5% annually. The compound annual growth rate (CAGR) from 2024 to 2028 is estimated to be approximately 3.48%.
Future trends to watch for include potential technological advancements in pump parts that may affect efficiency and cost, shifts in demand from evolving industries, and the impact of geopolitical factors on the supply chain in the broader European market.
