ITR’s Q4 2024 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:
- NFPA Total Shipments index remains in phase D, recession, and the forecast for the balance of 2024 has been adjusted down to -7.6% from the previously forecasted -2.6%. Additionally, their previous report’s predicted growth expectation of 7.0% for 2025 has decreased to 6.0%.
- Construction Machinery Production is currently in phase A, recovery, and is expected to conclude 2024 at -3.2%. When examining the NFPA Markets table on page 10 of the report, US Construction Machinery Production is not expected to break into phase B, accelerating growth, until 2026.
- ITR Economics notes several economic opportunities and risks for NFPA members. For example, the utilities industry showing promise for growth as electrical grids are expected to increase in demand to support new datacenters and electric vehicles. US inflation, on the other hand, is showing signs of picking up again in the latter half of 2025 and 2026, producing a margin squeeze for NFPA members.
If you have any questions about interpreting or using the data in this report, please contact Cecilia Bart at cbart@nfpa.com.
Like this post? Share it!
Recent Posts
Explore Speaker Lineup for NFPA’s 2025 Annual Conference
2025 NFPA Annual ConferenceFebruary 25-27, 2025Tucson, AZRegistration Now Open NFPA’s upcoming 2025 Annual Conference will feature a lineup of expert speakers dedicated to sharing valuable insights and information with attendees. Ranging in topics from geopolitical disruption to the future of fluid power updates, attendees can expect the presentations to provide exclusive content that can’t be found anywhere…
Please Complete and Share Survey on Drivers in Fluid Power Customer Markets
The National Fluid Power Association (NFPA) seeks to engage with stakeholders across the fluid power supply chain to publish a technology roadmap for fluid power in industrial, or in-plant, applications. This roadmap will be a document that describes the evolving needs of companies in fluid power’s many industrial customer markets, the degree to which fluid…
Oxford Economics Winter 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…