16 Countries Present Fluid Power Market Trends at Fluid Power Summit

Fluid power-focused organizations from across the globe came together in late April for the virtually held Fluid Power Summit, hosted by the VDMA. Twenty-seven representatives from 16 countries – Belgium, Finland, France, Germany, India, Italy, Japan, the Netherlands, Poland, Spain, Sweden, Switzerland, Taiwan, Turkey, United Kingdom, and the United States – participated and shared information on fluid power and economic trends in their home markets.

Highlights from NFPA’s presentation on the U.S. include:

• Production of non-aerospace hydraulic products in the U.S. during 2020 is estimated to be $9.2 billion dollars, while production of non-aerospace pneumatic products in the U.S. during 2020 is estimated to be $2.7 billion dollars.
• U.S. fluid power shipments decreased 17.3% in 2020, following another decrease of 5.9% in 2019. This decline has been mainly attributed to unfavorable economic conditions surrounding the COVID-19 pandemic and uncertainty in foreign trade policies/tariffs.
• U.S. hydraulic shipments decreased 20.2% in 2020, following another decrease of 7.1% in 2019, while U.S. pneumatic shipments decreased 8.2% in 2020, following another decrease of 4.0% in 2019.
• U.S. fluid power product exports dropped 14.3% in 2020, a decline of nearly one billion dollars since 2019, while U.S. fluid power product imports fell 16.9% in 2020, declining one and half billion dollars since 2019.

Explore the presentations from the event at the links below:

• Global Mechanical Engineering Update
• International Fluid Power Statistics
• Belgium – Indumotion
• Finland– FFPA
• France – ARTEMA
• Germany – VDMA
• India – FPSI
• Italy – ASSOFLUID
• Japan – JFPA
• Netherlands – FEDA
• Poland – CORPORATION
• Spain – AIFTOP
• Sweden – SFMA
• Switzerland – GOP
• Taiwan – TFPA
• Turkey – AKDER
• United Kingdom – BFPA
• United States – NFPA