NFPA Market Information Site Includes Updated ITR Forecast and New Business Intelligence Resources

NFPA’s Forecast Report: U.S. Customer Markets by ITR includes an annual outlook with 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. Highlights from the Q4 report include:

  • Economic opportunities for NFPA members:
    • 15 of the 30 key markets currently are in the accelerating growth phase, led by material handling and heavy trucks
    • U.S. logging/wood production forecast for the next 12 quarters
    • Industrial and retail sector growth including oil and gas industry predictions
       
  • Economic risks for NFPA members:
    • 6 of 30 markets are in the slowing growth phase, including construction machinery and light vehicles
    • Semiconductor shortages and their continuing impact on automotive plants and light vehicle/heavy duty truck production
    • U.S. farm and machinery challenges in the coming months as a result of drought and labor shortages
    • Hindered rise of U.S. medical equipment and supplies production in the coming months due to COVID-19’s impact on elective surgeries.
       
  • Management objectives to address opportunities and risks including investment strategies and preparation for an upcoming rise in economic activity

New to NFPA’s Market Information site is our Business Intelligence resource section. This content is an effort to bring valuable information to decision-makers on emerging issues for which formal data programs don’t currently exist. Information is drawn largely from surveys of members but may also include other sources such as relevant weblinks or related 3rd party white papers and survey reports. Survey results currently available to NFPA members include:

  • Retaining, Recruiting and Compensating 2021 (October 2021)
  • Current Challenges Facing Fluid Power Companies (July 2021)
  • Cybersecurity: Threats and Responses (May 2021)
  • Survey of Workplace Status: In-Person vs. Remote Work (March 2021)

If you are interested in participating in upcoming surveys, please contact Pete Alles at (414) 778-3350 or palles@nfpa.com.

Recent Posts

NFPA Seeking Volunteers for Electrification in Fluid Power Task Force

Deadline to Respond is August 18, 2022 Electrification is a buzzword throughout most industries now and is a common topic being discussed at conferences, events, and board rooms. While many businesses and industries have already embraced electrification, others are still working to understand the impacts, opportunities, and decision points to make. To add further confusion,…

Read More

In Memoriam: Tom Wanke

The National Fluid Power Association is saddened to share the news that Tom Wanke, CFPE, director of the Fluid Power Industrial Consortium and Industry Relations at Milwaukee School of Engineering, passed away June 21, 2022. “Tom’s impact on the fluid power industry will be felt for generations,” said Eric Lanke, president and CEO of the…

Read More

Meet a Fluid Power Scholarship Winner – Brendan McCluskey

Programs like the Fluid Power Scholarships are made possible in part by the generous support of industry volunteers as well as NFPA Education and Technology Foundation and Pascal Society donors. Support these efforts by making a donation. The NFPA Education and Technology Foundation has awarded nineteen $2,000 scholarships to students pursuing fluid power technology fields of study. Here’s one of the winners, Brendan McCluskey.…

Read More