In 2023, Austria's market for fuel, lubricating, or cooling-medium pumps for internal combustion engines was valued at 326.45 million Euros. Over the past few years, the market has experienced fluctuating trends. From 2019 to 2020, the market saw significant declines with a drop of over 12%, followed by an 8.43% reduction in 2020. However, a recovery trend is observed from 2021 onwards, with moderate year-on-year growth rates of around 3% annually, resulting in a CAGR of -2.36% for the last five years.
Future trends to watch for include:
- Adoption of electric vehicles, which might reduce the demand for internal combustion engine components.
- Advancements in fuel efficiency technology could increase demand for innovative pump solutions.
- Potential regulatory changes aimed at reducing carbon emissions might influence market dynamics.
- Ongoing investments in automotive engineering are likely to spur innovations, possibly increasing the market size.
| # | 7 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 497,830,000 | 2023 | +0.78% | +0.29% | View data |
| 2 | 2 Hungary | 356,430,000 | 2023 | +3.06% | +0.39% | View data |
| 3 | 3 Austria | 326,450,000 | 2023 | +3.13% | -2.36% | |
| 4 | 4 Sweden | 263,120,000 | 2023 | +5.07% | +2.48% | View data |
| 5 | 5 Bulgaria | 11,861,000 | 2023 | +3.88% | +4.64% | View data |
