The sales of parts for aerospace- and non-aerospace-type hydraulic and pneumatic fluid power cylinders and actuators in the US are projected to decline steadily from 2024 to 2028. The forecast indicates a decrease from $569.82 million in 2024 to $541.11 million by 2028. This decreasing trend suggests a year-on-year average decline of approximately 1.4%. With these numbers, the compound annual growth rate (CAGR) is negative, reinforcing the downward trend anticipated over the five-year span. In 2023, the actual sales value served as the baseline prior to this downturn.
Future trends to watch include technological advancements in fluid power systems and the potential increase in demand from emerging sectors like renewable energy and electric vehicles, which could shift the forecast trajectory. Additionally, geopolitical factors and shifts in defense spending could influence aerospace component demand, impacting overall sales trends.
