ITR’s Q3 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 A, recovery. The quarterly rate-of-change has risen to -6.7%, and leading
indicators support sustained recovery ahead. The forecast for the balance of 2025 remains 1.3%.
- Construction Machinery Production remains in phase D, recession, with a current index of -7.6%. ITR Economics expects Construction Machinery Production to enter a recovery phase throughout 2025, according to page 10 of the report.
- ITR Economics details several economic opportunities and risks for NFPA members in the Forecast Summary. For example, ITR Economics writes the following on page 9 of the latest report: “About half of NFPA markets are in recovery and rising trends. We expect overall economic and industrial sector activity will accelerate this year and in 2026, providing a broad-based opportunity 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.