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:
Chris is a Business Development Manager of Electrification for Parker Hannifin, a diversified manufacturer of motion and control technologies and systems, providing precision-engineered solutions for a wide variety of commercial, mobile, industrial and aerospace markets. Parker Hannifin will be exhibiting several hydraulic-electric hybrid systems for implement control in mobile applications at IFPE – the International…
NFPA recently met with Matt Purdy, the Director of Career Services at Murray State University. In this webinar, we discussed several ways to get in contact with university students looking to join the fluid power industry. Although our conversation was specifically with Murray State, the information that was discussed can be applied to reaching students…
This fall, NFPA’s schedule of Regional Meetings again includes Cleveland, scheduled for Thursday, November 3. This year it will be held at Merwin’s Wharf in downtown Cleveland. NFPA Regional Meetings offer a chance to meet with other area fluid power professionals over dinner. NFPA members and non-members alike are welcome to attend and as with all other…