In 2023, France led Europe in the production of hydraulic systems with power packs and actuators, registering a production value of 208.7 million Euros, albeit with a slight year-on-year decrease of 2.55%. The Netherlands followed closely with a value of 206.87 million Euros, showing a positive growth trend of 3.59% from the previous year. Germany's production was relatively stable at 151.9 million Euros, while Italy experienced a decline of 4.87% to 131.79 million Euros. Denmark and Austria saw significant growth rates of 3.43% and 5.08% respectively. Norway and Sweden showed notable increases, with Norway's production rising by an impressive 29.9% and Sweden by 9.36%.
Other countries such as the United Kingdom, Spain, and Finland showed modest positive trends, while Lithuania, Croatia, and Poland faced negative growth, with Poland experiencing a substantial decline of 37.73%. Over the last five years, the compound annual growth rates for these countries will provide a more comprehensive view of the industry's performance and future potential.
Future trends to watch for in Europe's production of hydraulic systems include technological innovations, sustainability measures, and shifts in demand due to economic or geopolitical factors. Countries like Norway and Sweden may continue their upward trajectory driven by these trends, while established markets like France and Germany might focus on innovation and efficiency to maintain their leading positions.
Top countries in Sold Production of Hydraulic Systems with Power Packs and with Actuators by Country
| # | 10 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 208,700,000 | 2023 | +7.01% | -2.55% | View data |
| 2 | 2 Netherlands | 206,870,000 | 2023 | +5.47% | +3.59% | View data |
| 3 | 3 Germany | 151,900,000 | 2023 | +7.42% | +0.33% | View data |
| 4 | 4 Italy | 131,790,000 | 2023 | +6.17% | -4.87% | View data |
| 5 | 5 Denmark | 113,110,000 | 2023 | +3.9% | +3.43% | View data |
| 6 | 6 Austria | 109,860,000 | 2023 | +5.1% | +5.08% | View data |
| 7 | 7 Czechia | 76,191,000 | 2023 | |||
| 8 | 8 Norway | 73,213,000 | 2023 | +14.09% | +29.9% | View data |
| 9 | 9 Sweden | 63,749,000 | 2023 | +4.55% | +9.36% | View data |
| 10 | 10 United Kingdom | 43,045,000 | 2023 | -1.17% | +5.63% | View data |
