The latest forecast report from ITR Economics is now available on NFPA’s member hub. Forecasts for total fluid power, hydraulic, and pneumatic shipments are unchanged from last quarter’s report. ITR expects fluid power shipments to increase 3.2% in 2023 and decrease 10.9% in 2024. In this report, ITR also forecasts thirty popular fluid power markets including farm machinery, construction machinery, and material handling equipment.
Also included in this report:
- Opportunities, risks, and management objectives for NFPA members.
- By-quarter heatmap of end use market forecasts highlighting each market’s path through the business cycle.
- Leading indicator update explaining what five leading indicators are signaling for the US economy.
Questions? Contact Sam Diedrich at sdiedrich@nfpa.com or 414-778-3372.
Like this post? Share it!
Recent Posts
NAM Regulatory Update: Q&A: Biden Releases Regulatory “Wish List”
As part of an effort to bring more information about the regulatory and legal environment facing American manufacturers, NFPA is monitoring the newsfeed of the National Association of Manufacturers (NAM) and will be bringing important updates like this to the attention of NFPA members. President Biden has released his regulatory “wish list” for a second…
HydraForce to Provide Digital Proportional Control Technology for Off-Highway Mobile Equipment at iVT EXPO USA 2024
This episode features Russ Schneidewind of HydraForce. Listen to the Podcast Here Today’s episode is part of a special series were doing to focus on the cutting-edge fluid power technologies and customer solutions on display at the 2024 iVT EXPO. iVT EXPO is an annual exposition for the off high vehicle design and engineering community, with…
Exhibit Space Sales Set to Open on September 3 for CONEXPO-CON/AGG 2026
As a supporting organization of CONEXPO-CON/AGG 2026, the largest construction equipment show in North America, NFPA is pleased to confirm that the show will feature a components product concentration area for eligible components, including hydraulics, that sell product to OEMs. Placement in the product concentration area will be determined by priority points, and NFPA members will earn…