The sold production of hydraulic vane pumps in Germany has seen varied shifts from 2015 to 2023. The market experienced an overall decline between 2015 and 2017, followed by a rebound in 2019. A significant drop occurred in 2020, but the market started recovering steadily from 2021 onwards. As of 2023, the value stood at EUR 306.72 million, showing a year-on-year increase of 8.65% and a 5-year CAGR of 2.9%. The forecast indicates continued growth with an average annual increase of 1.59% over the next five years, reaching an estimated EUR 338.98 million by 2028.
Future trends to watch for:
- Technological advancements in hydraulic pump efficiency and sustainability.
- Increased automation in manufacturing sectors requiring sophisticated hydraulic solutions.
- Market expansion driven by growth in sectors such as construction and automotive industries.