2024 has been a more challenging year for the fluid power industry and its various customer markets with high interest rates and inventories dampening demand for machines and components. But there are macroeconomic signals pointing to better days ahead such as:
- record U.S. GDP
- lowering global inflation
- continued reductions in interest rates.
There are of course several factors to continue monitoring, such as the potential implementation of tariffs on goods imported into the U.S., but the overall consensus from many, as demonstrated in this month’s collection of content, is that 2025 and beyond will be periods of growth for hydraulics, pneumatics and the industries they serve.
-Sara Jensen, Editor, Power & Motion