Results from Power & Motion’s 2024 Salary & Career Survey demonstrate satisfaction with fluid power engineering roles but continued difficulty in filling them.
The drivetrain manufacturer is selling its off-highway business to help improve operational costs and its ability to continue serving light and commercial vehicle customers.
Integration of sensors and other technologies into fluid power systems is enabling a shift from reactive to proactive maintenance to minimize unplanned downtime.
Ken Baker of Bailey Group says 2024 was a tough year for the hydraulics industry but opportunities remain in expanding technical capabilities and an eventual recovery.