In 2023, Germany led European production of hydraulic systems with power packs, valued at €124.04M, despite a -1.64% decline from the previous year. Italy followed at €118.02M with a 3.26% increase. Denmark saw an impressive growth of 28.97%, reaching €52.22M. The Netherlands grew by 10.65% to €37.513M, while the UK had a modest rise of 0.62%, reaching €30.254M. Norway (-2.87%) and Finland (-0.34%) showed slight declines, with respective values of €21.71M and €14.39M. Bulgaria and Lithuania exhibited significant gains, at 17.06% and 5.68% respectively, though from lower bases. Portugal, increasing by 8.44%, remains one of the smaller players.
Looking towards the future, key trends include technological advancements in hydraulic system efficiency, automation integration, and increased demand in renewable energy sectors. Germany and Italy are expected to maintain leadership, driven by strong industrial bases, while Scandinavian countries might see accelerated growth due to governmental support for innovation and sustainability projects.
Top countries in Sold Production of Hydraulic Systems with Power Packs by Country
| # | 10 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 124,040,000 | 2023 | +5.66% | -1.64% | View data |
| 2 | 2 Italy | 118,020,000 | 2023 | +2.08% | +3.26% | View data |
| 3 | 3 Denmark | 52,220,000 | 2023 | +23.39% | +28.97% | View data |
| 4 | 4 Netherlands | 37,513,000 | 2023 | +5.17% | +10.65% | View data |
| 5 | 5 United Kingdom | 30,254,000 | 2023 | -2.11% | +0.62% | View data |
| 6 | 6 Norway | 21,710,000 | 2023 | +19% | -2.87% | View data |
| 7 | 7 Finland | 14,390,000 | 2023 | +7.44% | -0.34% | View data |
| 8 | 8 Bulgaria | 3,893,900 | 2023 | +5.7% | +17.06% | View data |
| 9 | 9 Lithuania | 384,450 | 2023 | +4.63% | +5.68% | View data |
| 10 | 10 Portugal | 179,960 | 2023 | +5.12% | +8.44% | View data |
