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”.
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Mark Your Calendar: Join Us on November 15 for an Economic Update with ITR Economics – Register Today!
Registration is now open for the November 15th Economic Update Event featuring Patrick Luce of ITR Economics. The event will take place virtually. In addition to macroeconomic trends and updates, Patrick will speak on important end use markets for fluid power and updated hydraulic and pneumatic forecasts. Check out the latest fluid power forecast report…
Quarterly country and industry forecast reports from Oxford Economics have been updated on NFPA’s member hub. Insights include impacts of the UAW strike on the motor vehicle industry and updates on China’s industrial production. Oxford Economics produces quarterly forecast reports for over 60 countries and 10+ industries. These reports highlight forecast drivers and constraints with…
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