ITR’s Q1 2025 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 is currently in phase D, recession. However, the forecast for the balance of 2025 did not change from the previous forecast report to 6%. Total NFPA shipments are expected to rise by mid-2025.
- Construction Machinery Production has dipped back to phase D, recession, with a current index of -5.7%. ITR Economics expects Construction Machinery Production to enter a recovery phase throughout 2025, according to page 10 of the report.
- ITR Economics notes several economic opportunities and risks for NFPA members in the Forecast Summary. For example, ITR Economics writes, “US Single-Housing Starts are poised for growth in the second half of the decade as low vacancy rates signal a need for more housing supply,” on page 9 of the latest report.
If you have any questions about interpreting or using the data in this report, please contact Cecilia Bart at cbart@nfpa.com.