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:

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