ITR’s Q2 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. Additionally, the forecast for 2025 shrank from 6% to 1.3%.
- Construction Machinery Production remains in phase D, recession, with a current index of -6.7%. 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, “The US chemicals and the electronic components industries are in robust Phase B, Accelerating Growth, trends. These have been a top sector for reshoring, and recent tariffs may accelerate that trend.,” 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.