Market Trends

For the Public: Fluid Power Market Trends

The National Fluid Power Association (NFPA) is the leading source of hydraulic and pneumatic industry data.

This special monthly report is generated exclusively for NFPA’s educator partners to properly monitor industry trends and supply market intelligence.

Market information questions? Contact Eric Armstrong at or 414‐778‐3372.


Hydraulic and Pneumatic Shipments

Shipments Raw Index Data, Index: 2018=100

Hydraulic and Pneumatic Shipments

This graph of raw index data is generated by the total dollar volume reported to NFPA by CSS participants and compared to the average monthly dollar volume in 2018. For example, the March 2020 total dollar volume for pneumatic shipments are 93.4% of the average monthly dollar volume in 2018. (Base Year 2018 = 100)

Pneumatic, Mobile and Industrial Hydraulic Orders Index

Data are 12/12 ratios

Pneumatic, Mobile, and Industrial Orders Indexes

Each point on this graph represents the most recent 12 months of orders compared to the previous 12 months of orders. Each point can be read as a percentage. For example, 82.6 (the February 2020 level of the industrial hydraulic series) indicates that industrial hydraulic orders received from March 2019 to February 2020 were 82.6% of the orders received from March 2018 to February 2019. (Base Year 2018 = 100)


Total – Hydraulic and Pneumatic Shipments

Data are 12-month moving averages

Total Hydraulic and Pneumatic Shipments

This graph of 12-month moving averages shows that in March 2020, both hydraulic shipments and pneumatic shipments decreased. (Base Year 2018 = 100)


Orders and Shipments – cumulative year-to-date percent changes

Pneumatic Industrial Hydraulic Mobile Hydraulic
Shipments Orders Shipments Orders Shipments Orders
Dec 2019 -4.0 -3.5 -12.5 -15.0 -6.5 -12.4
Jan 2020 -3.3 -5.8 -9.8 -16.2 -15.4 -13.9
Feb 2020 -7.9 -7.6 -13.2 -15.5 -12.2 -7.7

The table above is expressed in terms of cumulative percent changes.  These changes refer to the percent difference between the relevant cumulative total for 2020 and the total for the same months in 2019.  For example, the February 2020 pneumatic orders figure of -7.6 means that for the calendar year through February 2020, pneumatic orders decreased 7.6% compared to the same time-period in 2019.  (Base Year 2018 = 100)