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.
Like this post? Share it!
Recent Posts
Fall 2024 Fluid Power Recruitment Event with NIU
RSVP for our Fall 2024 Fluid Power Recruitment Event with Northern Illinois University (NIU). NIU is one of seven universities recognized as a Power Partner, teaching fluid power competencies and engaging in all NFPA educational programs. At this event, your company will have the opportunity to connect directly with NIU engineering students. Engaging in meaningful conversations,…
Now Announcing: Cuyahoga Community College as a Fast Track Hub in Ohio
NFPA’s Fast Track to Fluid Power is a workforce development pathway that partners local technical colleges with fluid power industry members and high school teachers. These networks create awareness and interest in fluid power and train students along a path that leads to careers in fluid power at NFPA member companies. We are pleased to…
Now Announcing: Houston Community College as a Fast Track Hub in Texas
NFPA’s Fast Track to Fluid Power is a workforce development pathway that partners local technical colleges with fluid power industry members and high school teachers. These networks create awareness and interest in fluid power and train students along a path that leads to careers in fluid power at NFPA member companies. We are pleased to…