The UK's sold production of hydraulic and pneumatic valves experienced fluctuations from 2013 to 2023, increasing from 4.976 million kilograms in 2013 to 7.9015 million kilograms in 2023. Notable year-on-year variations include significant declines in 2015 and 2016, and an impressive rebound in 2017, driven by strong demand likely spurred by industrial expansion. From 2018 to 2021, production saw consistent growth with a notable dip in 2020 due to the global pandemic. However, the sector quickly recovered, showcasing robust growth in 2021 and beyond. The CAGR over the last five years stood at 5.07%, indicating steady progress.
Looking ahead, from 2024 onwards, forecasts predict continued growth with the value expected to rise to 9.3939 million kilograms by 2028, driven by a forecasted 5-year CAGR of 2.72%. Key trends to monitor include advancements in industrial automation, the impact of sustainability initiatives, and potential market disruptions due to geopolitical tensions or supply chain challenges.
