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

Recent Posts

Support a Fluid Power Club Near You!

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…

Read More about Support a Fluid Power Club Near You!

Volunteers Needed for 2023-24 Fluid Power Vehicle Challenge Midway Reviews

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…

Read More about Volunteers Needed for 2023-24 Fluid Power Vehicle Challenge Midway Reviews

2024 Annual Conference – See Who’s Coming and Suite Deal

2024 Annual ConferenceFebruary 27-29, 2024Orlando, FLRegister | Book Your Hotel Room Fluid power professionals looking to connect with others in the industry will have ample opportunities at NFPA’s 2024 Annual Conference. You can plan your networking strategy using the AC See Who’s Coming list to preview who will be there, including CEOs, top decision-makers and other key players in…

Read More about 2024 Annual Conference – See Who’s Coming and Suite Deal