Outlook from Quarter 3 Report Includes Varying Sector Growth Rates

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 

Need an NFPA Login? Please click HERE to request one. 

Recent Posts

All You Want to Know About AI and Its Applications for Your Organization

By Mike MarksIndian River Consulting Group Buzz, hype, mania — we’re surrounded by the topic of AI. The use of generative artificial intelligence tools has exploded since the launch of ChatGPT in late 2022. These tools range from writing to voice, art and video generators. Enterprising companies are creating tools to service industry niches with…

Read More about All You Want to Know About AI and Its Applications for Your Organization

NAM Regulatory Update: Manufacturer to Congress | Support the American Dream

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. As mentioned in this article, Husco is a long time NFPA…

Read More about NAM Regulatory Update: Manufacturer to Congress | Support the American Dream

NFPA Welcomes New Member: Firestone Airide

Firestone Airide, a division of Firestone Industrial Products headquartered in Nashville, Tennessee, drives innovative technology designed to eliminate vibration in global transportation. Firestone has over 80 years of experience designing and manufacturing air springs and related products to eliminate vibration across the automotive, heavy-duty, and off-highway segments and will collaboratively integrate tire and air spring sensing technologies to create…

Read More about NFPA Welcomes New Member: Firestone Airide