The Spanish market for hydraulic gear pumps exhibited varying growth dynamics over the past decade. From 2013 to 2023, the industry faced fluctuations, with notable contractions in 2013, 2019, and a significant dip in 2020 likely due to external economic pressures. In 2021, the sector experienced a strong recovery with a 21.86% year-on-year increase, though this momentum was not entirely sustained in 2022 and 2023. As of 2023, the market value stood at 8.5754 million euros, showing a slight growth compared to the previous year.

Future trends to watch for include:

Continued mild year-on-year decreases, with slight reductions forecasted annually from 2024 through 2028.
An overall average annualized contraction (CAGR) of -0.04% for the next five years, signaling a stabilization but not a robust growth trajectory.
Potential impacts of technological advancements in hydraulic systems, shifting market demands, or economic changes that could either mitigate or exacerbate the forecasted decline.