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Fluid Power Equipment Manufacturing in Germany - Market Research Report (2014-2029)

David Riemeier David Riemeier Frankfurt, Germany Last Updated: July 2024 WZ C28.12DE

Revenue

€12.3bn

2024

€12.3bn

Past 5-Year Growth

Profit

€XXX.Xm

Employees

46,286

Businesses

153

Wages

€X.Xbn

Fluid Power Equipment Manufacturing in Germany industry analysis

The manufacture of hydraulic and pneumatic systems is a mainstay for the production of various machines and other devices. Due to its central importance for German industry, the sector's turnover has increased by an average of 0.4% per year since 2019. The weak sales growth is due to the negative development of key downstream industries during the coronavirus crisis in 2020 and increasing competition from Asian and US manufacturers. These are increasingly pushing into the European market and competing with domestic manufacturers. However, the strong demand from car manufacturers had a positive effect on the industry's sales development. Turnover in the manufacture of hydraulic and pneumatic systems is expected to fall by 1.4% to €12.3 billion in 2024. In the current year, the war in Ukraine will continue to weigh on German and global economic development and prevent sales growth in the industry.In recent years, the transitions between hydraulic, pneumatic and electrical applications have become increasingly fluid. Manufacturers of electromechanical devices have started to equip their products with hydraulic components. This has led to increased competition from companies outside the industry. IBISWorld expects the business climate to deteriorate in the current year, which is likely to have a negative impact on industry sales. Other negative influences include rising raw material and energy prices as well as higher transport costs. However, global gross domestic product and global trade volumes are likely to develop positively and enable the industry to achieve slight sales growth.IBISWorld expects the industry to develop positively over the next five years. Industry turnover is expected to increase by an average of 1.3% per year to 13.1 billion euros by 2029. By equipping their machines with various sensors, manufacturers will drive forward the development of predictive maintenance. This allows weak points and faults in a machine to be predicted on the basis of data from operation so that maintenance measures can be taken before a fault occurs. In automotive manufacturing, it is becoming apparent that originally hydraulic systems for braking, steering and shifting will be replaced by electric systems, which will reduce the demand for industry products.

Trends and Insights

  • Foreign competitors are increasingly trying to gain market share. China in particular has expanded its expertise in the manufacture of hydraulic and pneumatic systems in recent years, which is forcing German manufacturers out of the market.
  • Hydraulic and pneumatic valves are the most important product segment in the industry. As valves are standard components of various systems, machines and devices, their share of sales is likely to remain at a high level in the coming years.
  • The companies in the sector based in the southern region benefit from their geographical proximity to downstream industry. The number of companies in Baden-Württemberg is particularly high, which is due to the strong position of SMEs and mechanical engineering in the state.
  • Domestic manufacturers are in intense competition with foreign producers. In recent years, Chinese companies in particular have managed to expand their global market share, as they can often offer their products at lower prices due to lower production costs.

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  • Market estimates from 2014-2029
  • Critical performance data and rankings
  • Detailed analysis of competitive forces and the external environment
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Industry Statistics and Trends

Market size and recent performance (2014-2029)

Industry revenue has grown at a CAGR of 0.4 % over the past five years, to reach an estimated €12.3bn in 2024.

Trends and Insights

International competition is intensifying

  • Hydraulic and pneumatic systems from German manufacturers are in demand worldwide thanks to their quality and technological edge. This is reflected, among other things, in the high proportion of exports in the sector's turnover. At the same time, however, competition from foreign rivals is steadily increasing.
  • Additional trends and insights available with purchase
Fluid Power Equipment Manufacturing in Germany
Revenue (2014-2029)
IBISWorld Logo Source: IBISWorld

Industry outlook (2024-2029)

Market size is projected to grow over the next five years.

Trends and Insights

Biggest companies in the Fluid Power Equipment Manufacturing in Germany

Company
Market Share (%)
2024
Revenue (€m)
2024
Schaeffler AG
1,266.5
Festo Beteiligungen GmbH & Co. KG
1,265.0
Robert Bosch GmbH
1,017.5

To view the market share and analysis for all 10 top companies in this industry, view purchase options.

Products & Services Segmentation

Fluid Power Equipment Manufacturing in Germany
Products & Services
IBISWorld Logo Source: IBISWorld

Industry revenue is measured across several distinct product and services lines, including Hydraulic and pneumatic valves, Machine parts and Hydropumps. Hydraulic and pneumatic valves is the largest segment of the Fluid Power Equipment Manufacturing in Germany.

Trends and Insights

Hydraulic and pneumatic valves are the industry's core products

  • Hydraulic and pneumatic valves are used to control pressure, flow and flow direction in hydraulic or pneumatic systems.
  • More insights available in the full report

Table of Contents

About this industry

Industry definition

The industry of manufacturing hydraulic and pneumatic systems includes the production of hydraulic pumps and motors as well as pneumatic cylinders. The manufacture of various valves for pneumatic and hydraulic systems is also part of the industry's activities. However, this does not include the manufacture of other pumps and compressors or mechanical drive elements.

What's included in this industry?

Hydraulic and pneumatic valvesMachine partsHydropumpsWorking cylinderRotating hydraulic and pneumatic motors

Companies

Schaeffler AGFesto Beteiligungen GmbH & Co. KGRobert Bosch GmbH

Purchase this report to view all 10 major companies in this industry.

Related Terms

HYDRAULICSPNEUMATICSPREDICTIVE MAINTENANCE

Industry Code

WZ 2008

WZ 28.12 - Fluid Power Equipment Manufacturing in Germany

Performance

Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.

Analyst insights

Foreign competitors are increasingly trying to gain market share. China in particular has expanded its expertise in the manufacture of hydraulic and pneumatic systems in rece...

In this chapter (4)

  • Current Performance
  • Outlook
  • Volatility
  • Life Cycle

Key metrics

  • Annual Revenue, Recent Growth, Forecast, Revenue Volatility
  • Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
  • Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
  • Total Profit, Profit Margin, Profit per Business

Charts

  • Revenue, including historical (2014-2023) and forecast (2024-2029)
  • Employees, including historical (2014-2023) and forecast (2024-2029)
  • Businesses, including historical (2014-2023) and forecast (2024-2029)
  • Profit, including historical (2014-2024)
  • Industry Volatility vs. Revenue Growth
  • Industry Life Cycle

Detailed analysis

  • Trends in supply, demand and current events that are driving current industry performance
  • Expected trends, economic factors and ongoing events that drive the industry's outlook
  • Key success factors for businesses to overcome volatility
  • How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.

Products and Markets

Learn about an industry's products and services, markets and trends in international trade.

Analyst insight

Hydraulic and pneumatic valves are the most important product segment in the industry. As valves are standard components of various systems, machines and devices, their share...

In this chapter

  • Products & Services
  • Major Markets
  • International Trade

Key metrics

  • Largest market segment and value in 2024
  • Product innovation level
  • Total imports, level and trend
  • Total exports, level and trend
  • Trade Balance

Charts

  • Products & services segmentation in 2024
  • Major market segmentation in 2024
  • International trade, including imports by country and exports by country

Detailed analysis

  • Trends impacting the recent performance of the industry's various segments
  • Innovations in the industry's product or service offering, specialization or delivery method
  • Key factors that successful businesses consider in their offerings
  • Buying segments and key trends influencing demand for industry products and services
  • Recent trends in import and export volumes, country of origin or destination, and expected future trends

Geographic Breakdown

Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.

Analyst insights

The companies in the sector based in the southern region benefit from their geographical proximity to downstream industry. The number of companies in Baden-Württemberg is par...

In this chapter (1)

  • Business Locations

Charts

  • Share of revenue, establishment, wages and employment in each region
  • Share of population compared to establishments in each region in 2024

Tables

  • Number and share of establishments in each region in 2024
  • Number and share of revenue each region accounts for in 2024
  • Number and share of wages each region accounts for in 2024
  • Number and share of employees in each region in 2024

Detailed analysis

  • Geographic spread of the industry across Europe, and trends associated with changes in the business landscape
  • Key success factors for businesses to use location to their advantage

Competitive Forces

Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.

Analyst insights

Domestic manufacturers are in intense competition with foreign producers. In recent years, Chinese companies in particular have managed to expand their global market share, a...

In this chapter (4)

  • Concentration
  • Barriers to Entry
  • Substitutes
  • Buyer & Supplier Analysis

Key metrics

  • Industry concentration level
  • Industry competition level and trend
  • Barriers to entry level and trend
  • Substitutes level and trend
  • Buyer power level and trend
  • Supplier power level and trend

Charts

  • Market share concentration among the top 4 suppliers from 2019-2024
  • Supply chain including upstream supplying industries and downstream buying industries, flow chart

Detailed analysis

  • Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
  • Key success factors for businesses to manage the competitive environment of the industry.
  • Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
  • Key success factors for potential entrants to overcome barriers to entry.
  • Competitive threats from potential substitutes for the industry’s own products and services.
  • Key success factors for how successful businesses can compete with substitutes.
  • Advantages that buyers have to keep favorable purchasing conditions.
  • Advantages that suppliers have to maintain favorable selling conditions.
  • Key success factors for how businesses can navigate buyer and supplier power.

Companies

Learn about the performance of the top companies in the industry.

Analyst insights

Schaeffler continues to expand its technological expertise through acquisitions and collaborations. Among other things, the company has a strategic partnership with IBM Corpo...

In this chapter

  • Market Share Concentration
  • Companies
  • Company Spotlights

Charts

  • Industry market share by company in 2020 through 2024
  • Major companies in the industry, including market share, revenue, profit and profit margin in 2024
  • Overview of Schaeffler AG's performance by revenue, market share and profit margin from 2018 through 2024
  • Overview of Festo Beteiligungen GmbH & Co. KG's performance by revenue, market share and profit margin from 2018 through 2024
  • Overview of Robert Bosch GmbH's performance by revenue, market share and profit margin from 2018 through 2024
  • Overview of revenue, market share and profit margin trend for 7 additional companies

Detailed analysis

  • Description and key data for Schaeffler AG, and factors influencing its performance in the industry
  • Description and key data for Festo Beteiligungen GmbH & Co. KG, and factors influencing its performance in the industry
  • Description and key data for Robert Bosch GmbH, and factors influencing its performance in the industry
  • Description, key data and performance trends for 7 additional companies

External Environment

Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.   

Analyst insights

To promote smaller market participants, the Fluid Power Association has set up the Fluid Power Research Fund. This allows several manufacturers to conduct joint research on r...

In this chapter

  • External Drivers
  • Regulation & Policy
  • Assistance

Key metrics

  • Regulation & policy level and trend
  • Assistance level and trend

Charts

  • Regulation & Policy historical data and forecast (2014-2029) 
  • Assistance historical data and forecast (2014-2029) 

Detailed analysis

  • Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
  • Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
  • Key governmental and non-governmental groups or policies that may provide some relief for industry operators.

Financial Benchmarks

View average costs for industry operators and compare financial data against an industry's financial benchmarks over time. 

Analyst insights

The cost of materials is the largest cost item in the industry. It is heavily dependent on the development of global market prices for raw materials such as iron, steel, alum...

In this chapter

  • Cost Structure
  • Financial Ratios
  • Key Ratios

Key metrics

  • Profit margin, and how it compares to the sector-wide margin
  • Average wages, and how it compares to the sector-wide average wage
  • Largest cost component as a percentage of revenue
  • Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio

Charts

  • Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
  • Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
  • Investment vs. share of economy

Data tables

  • Cash Flow & Debt Service Ratios (2014-2029)
  • Revenue per Employee (2014-2029)
  • Revenue per Enterprise (2014-2029)
  • Employees per Establishment (2014-2029)
  • Employees per Enterprise (2014-2029)
  • Average Wage (2014-2029)
  • Wages/Revenue (2014-2029)
  • Establishments per Enterprise (2014-2029)
  • IVA/Revenue (2014-2029)
  • Imports/Demand (2014-2029)
  • Exports/Revenue (2014-2029)

Detailed analysis

  • Trends in the cost component for industry operators and their impact on industry costs and profitability 

Key Statistics

Industry Data

Data Tables

Including values and annual change:

  • Revenue (2014-2029)
  • IVA (2014-2029)
  • Establishments (2014-2029)
  • Enterprises (2014-2029)
  • Employment (2014-2029)
  • Exports (2014-2029)
  • Imports (2014-2029)
  • Wages (2014-2029)

Top Questions Answered

Unlock comprehensive answers and precise data upon purchase. View purchase options.

What is the market size of the Fluid Power Equipment Manufacturing industry in Germany in 2024?

The market size of the Fluid Power Equipment Manufacturing industry in Germany is €12.3bn in 2024.

How many businesses are there in the Fluid Power Equipment Manufacturing in Germany industry in 2024?

There are 153 businesses in the Fluid Power Equipment Manufacturing industry in Germany, which has grown at a CAGR of 0.5 % between 2019 and 2024.

Has the Fluid Power Equipment Manufacturing industry in Germany grown or declined over the past 5 years?

The market size of the Fluid Power Equipment Manufacturing industry in Germany has been growing at a CAGR of 0.4 % between 2019 and 2024.

What is the forecast growth of the Fluid Power Equipment Manufacturing industry in Germany over the next 5 years?

Over the next five years, the Fluid Power Equipment Manufacturing industry in Germany is expected to grow.

What are the biggest companies in the Fluid Power Equipment Manufacturing market in Germany?

The biggest companies operating in the Fluid Power Equipment Manufacturing market in Germany are Schaeffler AG, Festo Beteiligungen GmbH & Co. KG and Robert Bosch GmbH

What does the Fluid Power Equipment Manufacturing in Germany include?

Hydraulic and pneumatic valves and Machine parts are part of the Fluid Power Equipment Manufacturing industry.

Which companies have the highest market share in the Fluid Power Equipment Manufacturing in Germany?

The company holding the most market share in Germany is Schaeffler AG.

How competitive is the Fluid Power Equipment Manufacturing industry in Germany?

The level of competition is high and increasing in the Fluid Power Equipment Manufacturing industry in Germany.

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Methodology

How are IBISWorld reports created?

IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.

Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.

IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.

What data sources do IBISWorld analysts use?

Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.

Key data sources in Germany include:

  • German Federal Statistics Office (Destatis)
  • European Statistics Office (Eurostat)
  • United Nations Comtrade

Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.

These sources include:

  • Industry and trade associations
  • Industry federations or regulators
  • Major industry players annual or quarterly filings

Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.

How does IBISWorld forecast its data?

IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.

IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.

Learn more about our methodology and data sourcing on the Help Center.