The forecast for the Fluid Power Process Machinery Industry in the US projects a consistent upward trend from 2024 to 2028. Starting at $11.33 billion in 2024, increasing to $11.87 billion in 2028. Year-on-year growth illustrates gradual, steady increases, an encouraging sign of sector resilience and demand stability. Given that 2023 figures are not provided, relative growth and compound annual growth rate (CAGR) over the five-year forecast period maintains a consistent, modest growth trajectory.
Future trends to watch for include technological advancements in machinery production, increased automation, and the expansion of industries reliant on fluid power systems, which could further bolster growth.
