In 2023, Germany led European sold production of hydraulic cylinders valued at 897.83 million Euros, despite a slight year-on-year decline of 0.15%. The United Kingdom, Poland, and Bulgaria also showed significant contributions, with respective values of 190.51, 166.75, and 150.62 million Euros. Poland and Bulgaria experienced notable growth rates of 4.09% and 5.3%. Finland and Ireland maintained steady increases at 2.25% and 0.042%, respectively. Conversely, France and Italy observed declines of 0.41% and 3.82%. Noteworthy growth was seen in the Netherlands and Spain, at 8.68% and 67.3% respectively, indicating emerging potentials in these markets. Smaller countries such as Estonia, Serbia, and Croatia had impressive rises, particularly Croatia with a leap of 25.11%. Hungary and Lithuania also presented positive trends.
Looking ahead, trends to monitor include the advancement of automation and smart technology integration in hydraulic systems, potentially driving growth in more technologically progressive countries. Additionally, investment in sustainable practices and green technologies may significantly impact future production dynamics across Europe.
Top countries in Sold Production of Hydraulic Cylinders by Country
| # | 10 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 897,830,000 | 2023 | +5.93% | -0.15% | View data |
| 2 | 2 United Kingdom | 190,510,000 | 2023 | +1.09% | +0.25% | View data |
| 3 | 3 Poland | 166,750,000 | 2023 | +4.07% | +4.09% | View data |
| 4 | 4 Bulgaria | 150,620,000 | 2023 | +4.98% | +5.3% | View data |
| 5 | 5 Finland | 144,830,000 | 2023 | +7.08% | +2.25% | View data |
| 6 | 6 Ireland | 128,450,000 | 2023 | +10.72% | +0.042% | View data |
| 7 | 7 France | 119,880,000 | 2023 | +5.88% | -0.41% | View data |
| 8 | 8 Italy | 114,420,000 | 2023 | +2.37% | -3.82% | View data |
| 9 | 9 Sweden | 86,905,000 | 2023 | +6.09% | +4.09% | View data |
| 10 | 10 Netherlands | 84,721,000 | 2023 | +8.9% | +8.68% | View data |
