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:

Recent Posts

This Holiday Season, We are Thankful for YOU

This holiday season, we are thankful for each of our members. All your staff at NFPA want to thank you for all of the efforts that you have put in to help grow the fluid power industry. We couldn’t fulfill our mission without your dedication and support. Enjoy this time off with your loved ones,…

Read More

Fluid Power Forum Episode 87: Water Resistant Hydraulics Delivers Power to Speed Boats

Doug is the Application Engineering Supervisor for HAWE North America, a manufacturer of hydraulic power units, pumps, valves and cylinders. HAWE will be showcasing their water resistant hydraulics that help deliver power to speed boats at IFPE – the International Fluid Power Exposition — and we invited Doug into our forum to learn more about…

Read More

Engaging Students through the Fluid Power Action Challenge

Fluid Power Action Challenge Grants

Read More