In 2024, the hydraulics industry faced market challenges stemming from COVID-19 supply chain disruptions. Lead times for hydraulic components are gradually returning to pre-pandemic levels, although market conditions vary across segments. Tim LaCrosse from Parker Hannifin highlighted the mixed market scenario, with some sectors experiencing increased production while others face reduced demand due to excess inventory. Despite challenges, opportunities arise as OEMs embark on their next machine design cycle, allowing for system optimization and productivity enhancement. Additionally, technological developments to cater to electric and hydrogen-powered machines offer promising prospects for the hydraulics market. Parker Hannifin is well-positioned to meet customer demands for efficient, eco-friendly hydraulic systems, especially in the realm of electrification and clean technology. The industry is witnessing a shift towards smarter components and software integration to enhance system efficiency and connectivity through IoT. Looking ahead, advancements in electrification and intelligent components are poised to influence future hydraulic designs, promoting cleaner, more efficient systems. Overall, the outlook is positive for the hydraulics industry, with a focus on innovation, sustainability, and meeting evolving customer needs.