ITR’s Q2 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.
- Farm Machinery is in phase D, recession, and is expected to end 2023 down 11.7% 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.
Like this post? Share it!
Recent Posts
Members Highlight NFPA Programs & Services
At NFPA, our members’ experiences are at the center of everything we do. We’re excited to share our first testimonial video featuring Ben Wallis from eShipping, who highlights the value of networking at NFPA events. In his video, Ben shares how these events helped him build meaningful connections and further his career in the fluid…
Oxford Economics Autumn Fluid Power Forecast Out Now!
Global Fluid Power Report and Forecast : Includes a global macro summary, by-country customer market forecast & analysis, as well as by-country fluid power industry forecasts. Countries covered in the report: US, Canada, Mexico, Brazil Poland, Netherlands, Italy, Germany, France, Belgium, UK, Russia, Taiwan, South Korea, Japan, Indonesia, India, China, Australia, UAE, and South Africa. Oxford Economics released the following…
NAM Regulatory Update: Legislators Urge Canada, Mexico to Block Forced-Labor Imports
As part of an effort to bring more information about the regulatory and legal environment facing American manufacturers, NFPA is monitoring the newsfeed of the National Association of Manufacturers (NAM) and will be bringing important updates like this to the attention of NFPA members. (September 27, 2024) A bipartisan group of legislators is urging Canada and…