Economic reports from NFPA continue to be a valuable resource for preparing our members for what’s next in the fluid power industry. This month, there are several updated reports available that are packed with the details you need to make informed business decisions. One of these reports is the NFPA Forecast Report: U.S. Customer Markets.
NFPA’s Forecast Report on U.S. Customer Markets by ITR Economics is a quarterly report that includes an annual outlook using ITR phase identifiers for the current year and next two years ahead for 30 of fluid power’s most popular customer markets, as well as hydraulics, pneumatics and the overall fluid power industry.
Quarter 3 updates include:
- Shipments growth rate
- Economic opportunities for NFPA members
- Economic risks for NFPA members
- Market growth overview
An NFPA Login is required to access these reports
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NFPA is working on a co-sponsored event with PMMI, the Packaging Machinery Manufacturers Institute, designed to explore technology trends in the packaging machine market and present emerging pneumatic solutions. Two key objectives have already been identified for this event, likely to occur in June 2022: “Smart” pneumatics for packaging machines – i.e., pneumatic products equipped…
As many of you may know, the National Fluid Power Association (NFPA) is the leading source of hydraulic and pneumatic industry data. Members get and use our data in a variety of ways to run their businesses. Part of our market information services is providing overall industry trends. Here is the latest update: Hydraulic and…
Episode 58 of Fluid Power Forum, NFPA’s fluid power industry-focused podcast, is now live. This episode features Chuck White of Hallite Seals. Listen below to hear about the research Hallite and Milwaukee School of Engineering have collaborated on to improve the life span and performance of hydraulic seals in mobile equipment. This fluid power industry-focused podcast highlights the…