NFPA Market Information Site Includes Updated ITR Forecast

The latest fluid power forecasts from ITR are now available. Examine anticipated change in over 30 different markets with forecasts through 2024. Plan ahead with ITR’s latest economic opportunities, economic risks, and management objectives. Highlights from the latest report include:

Highlights from the latest report include:

  • Material Handling Equipment New Orders is expected to end 2022 with a 16.3% increase year-over-year.
  • Farm Machinery Shipments is currently the only market in phase D: recession of the business cycle.
  • Fluid power is expected to avoid recession in 2023 and resume growth in 2024.

Download ITR’s Fluid Power Forecast Report:

Recent Posts

CALL FOR PROPOSALS: ADVANCED HYDRAULICS CONFERENCE at iVT EXPO USA

The National Fluid Power Association (NFPA) has entered into a partnership agreement with UKI Media & Events to convene and co-locate an advanced hydraulics conference for off-highway vehicle and fluid power engineers at iVT EXPO, to be held August 21-22, 2024, in Chicago, IL. iVT EXPO is an annual exposition for the off-highway vehicle design…

Read More about CALL FOR PROPOSALS: ADVANCED HYDRAULICS CONFERENCE at iVT EXPO USA

Sign Up Now to Attend the 2024 Fluid Power Vehicle Challenge Final Competitions

There is still time to register for April’s Fluid Power Vehicle Challenge Final Competitions. We need industry attendees to judge all aspects of the final competitions: the races, final presentations and vehicle design reviews. Industry attendees also participate in exclusive networking opportunities to recruit the next generation of talented engineers. Please register by March 1st.…

Read More about Sign Up Now to Attend the 2024 Fluid Power Vehicle Challenge Final Competitions

New Global Fluid Power Report and Forecast Available

A new series of quarterly forecast updates from Oxford Economics is now available on the NFPA website at Global Industry Forecasts.  These reports cover the global economy, as well as regional and country developments, and some detailed global industry forecasts.  Oxford predicts a slow first half of 2024 with US industrial output being particularly stagnate.…

Read More about New Global Fluid Power Report and Forecast Available