Oxford Economics had updated their quarterly Global Fluid Power Report and Forecast. This report contains hydraulic and pneumatic demand forecasts for 20 different countries around the globe. Countries covered include:
- United States
Highlights from the latest report:
- Globally: motor vehicles and parts continues to be the fastest growing end-use market in 2023.
- US: GDP growth surprised to the upside in Q2, coming in at 2.4% q/q in annualized terms.
- Mexico: GDP data for Q2 showed and expansion of 0.8% q/q, coming in above expectations.
- Germany: GDP declined slightly in Q2, marking the third consecutive quarter of contraction.
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NFPA supports student organizations at universities with annual stipend funding to help students learn about fluid power while they work on educational and technical projects. Currently for the 2023-24 academic year, there are 19 universities from across the country participating: If you are looking to get involved with these Fluid Power Clubs, see below for…
Mark your calendars for the NFPA Fluid Power Vehicle Challenge Design and Specification Midway Reviews, happening in December and January. This is a fantastic opportunity for industry members to get engaged and connect with students. The reviews are 45-minute webinar presentations with 10 minutes of Q&A from the judges. During this review, students will showcase…