In 2023, Germany held the largest share of the European sold production of hydraulic gear pumps at 52.73%, although it experienced a slight decline of 0.86% year-on-year. Italy followed with 35.06%, showing a marginal growth of 0.97%. The United Kingdom and France held smaller shares at 4.23% and 3.76% respectively, with France seeing a substantial increase of 14.84%. Spain's share was 2.09%, Poland held 1.6%, Portugal 0.36%, Denmark 0.31%, Hungary 0.13%, and Finland 0.076%. Notably, Denmark and Portugal demonstrated significant growth with increases of 14.33% and 6.27% respectively.
Looking ahead, France and Denmark's upward trends suggest potential growth prospects. Germany's leadership remains strong, though its slight decline might indicate market saturation. Emerging challenges could include increased competition and technological advancements, potentially influencing smaller markets like Portugal and Hungary to innovate and capture greater shares. Monitoring these dynamics alongside regulatory changes and sustainability demands will be crucial for stakeholders.
Top countries in Sold Production of Hydraulic Gear Pumps Share by Country (Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 52.73 | 2023 | +2.26% | -0.86% | View data |
| 2 | 2 Italy | 35.06 | 2023 | +9.08% | +0.97% | View data |
| 3 | 3 United Kingdom | 4.23 | 2023 | +0.58% | -0.32% | View data |
| 4 | 4 France | 3.76 | 2023 | +9.28% | +14.84% | View data |
| 5 | 5 Spain | 2.09 | 2023 | +2.88% | -0.43% | View data |
| 6 | 6 Poland | 1.6 | 2023 | +1.32% | +1.06% | View data |
| 7 | 7 Portugal | 0.36 | 2023 | +5.9% | +6.27% | View data |
| 8 | 8 Denmark | 0.31 | 2023 | -1.19% | +14.33% | View data |
| 9 | 9 Hungary | 0.13 | 2023 | -22.18% | +5.41% | View data |
| 10 | 10 Finland | 0.076 | 2023 | +8.17% | +0.51% | View data |
