3rd Quarter ITR Forecast Report Now Available

ITR’s Q3 U.S. Customer Markets Forecast Report is now available. This report forecasts over 30 different popular fluid power markets. Identify which phase of the business cycle a market is in and where it is headed in the future. Highlights from this report include:

  • Oil and Gas Extraction Production is currently in phase B, accelerating growth, and is expected to end 2022 up 5.8% over 2021.
  • Farm Machinery Shipments is currently in phase D, recession, but is expected to recover and end 2022 up 3.4% over 2021.
  • Construction Machinery Production is expected to go into a mild recession in 2023 due to a lighter demand for homes.

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…

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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…

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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…

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