As many of you may know, the National Fluid Power Association (NFPA) is the leading source of hydraulic and pneumatic industry data. Members get and use our data in a variety of ways to run their businesses. Part of our market information services is providing overall industry trends. Here is the latest update:
The latest data published by the National Fluid Power Association shows industry shipments of fluid power products for May 2018 increased 10.9% compared to May 2017, and increased 6.9% when compared to last month. Mobile hydraulic, industrial hydraulic, and pneumatic shipments increased in May 2018 when compared to May 2017. Mobile hydraulic, industrial hydraulics, and pneumatic shipments also increased when compared to last month. These charts are drawn from data collected from the more than 85 manufacturers of fluid power products in NFPA’s Confidential Shipment Statistics (CSS) program. Much more information is available to NFPA members, which allows them to better understand trends and anticipate change in their market and the customer markets they serve.