The quarterly global fluid power forecast report has been updated on NFPA’s member hub. This report contains hydraulic and pneumatic demand forecasts for over 20 different countries. Members can also find macro overviews and sector trends for each country in this report. Highlights from the latest report include:
- United States: Hydraulics demand is expected to increase 1.1% in 2023 compared to 2022. “The positive 2.8 ppts revision reflects significantly improved industrial prospects in the first half of 2023, particularly in motor vehicles & parts, mining, quarrying & construction equipment, and construction”.
- Mexico: “Pneumatic demand is expected to grow by 3.0% this year, up 1.2 ppts from March, driven primarily by an unchanged transport equipment outlook and an improvement in electronic components & boards”.
- Germany: “Though the economic picture is weak, industry has proven more resilient to the gas crisis than expected, contributing to upgrades in most end-use sector. Exceptional strength in motor vehicles & parts will help power 7.4% hydraulic demand growth in 2023”.
Forgot your NFPA member login or need a new one? Contact Sam Diedrich at sdiedrich@nfpa.com or 414-778-3372.
Like this post? Share it!
Recent Posts
Register Now for Oct 2-3 Workshop on Automation for Fluid Power & Off-Road Vehicles at the CCEFP
NFPA members are encouraged to register for an upcoming workshop on “Automation for Fluid Power & Off-Road Vehicles,” being held October 2-3, 2024 on the campus of the University of Minnesota and hosted by the Center for Compact and Efficient Fluid Power (CCEFP). The event will begin with a hosted welcome dinner on Wednesday, October…
Identify Turning Points in Your Company’s Business Cycle Using the NFPA Toolkit
Using the NFPA Toolkit, you can easily create an analysis showing the turning points and economic cycles much like ITR Economics does in their quarterly forecasts. The 3/12 and 12/12 rates of change calculations are used by ITR Economics in their reports. These rates of change allow ITR Economics to decipher where different industries are…
Exclusive Opportunity: Join the Employer Meet & Greet at Waukesha County Technical College (WCTC)
Limited Spots Available – Act Fast! Waukesha County Technical College (WCTC), NFPA’s Wisconsin Fast Track Hub, is offering an exclusive opportunity for NFPA members to connect with top talent in manufacturing and engineering. On Thursday, October 3, 2024, WCTC will host a Fall Manufacturing and Engineering Employer Meet & Greet event, where you can engage…