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 email@example.com or 414-778-3372.
The National Fluid Power Association (NFPA) has entered into a partnership agreement with UKI Media & Events to convene and co-locate an advanced hydraulics conference for off-highway vehicle and fluid power engineers at iVT EXPO, to be held August 21-22, 2024, in Chicago, IL. iVT EXPO is an annual exposition for the off-highway vehicle design…
There is still time to register for April’s Fluid Power Vehicle Challenge Final Competitions. We need industry attendees to judge all aspects of the final competitions: the races, final presentations and vehicle design reviews. Industry attendees also participate in exclusive networking opportunities to recruit the next generation of talented engineers. Please register by March 1st.…
A new series of quarterly forecast updates from Oxford Economics is now available on the NFPA website at Global Industry Forecasts. These reports cover the global economy, as well as regional and country developments, and some detailed global industry forecasts. Oxford predicts a slow first half of 2024 with US industrial output being particularly stagnate.…