Q1 2023 ITR Forecast Report Now Available

ITR’s Q1 2023 U.S. Customer Markets Forecast Report is now available. This report forecasts over 30 different popular fluid power markets. Identify which phase of the business cycle a market is in and where it is headed in the future. Forecasts for fluid power, pneumatics, and hydraulics have been updated. Highlights include:

  • Total Hydraulic Shipments index is currently in phase C, slowing growth, and is expected to end 2023 up 6.3% over 2022.
  • Pneumatic Shipments index is currently in phase C, slowing growth, and is expected to end 2023 up 0.3% over 2022.
  • Construction Machinery Production is in phase C, slowing growth, and is expected to end 2023 up 1.1% over 2022.

If you have any questions about interpreting or using the data in this report, please contact Sam Diedrich at (414) 778-3372 or sdiedrich@nfpa.com.

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