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:
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 February 2021 total dollar volume for pneumatic shipments are 96.9% of the average monthly dollar volume in 2018. (Base Year 2018 = 100)
Pneumatic, Mobile and Industrial Hydraulic Orders Index
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, 75.2 (the January 2021 level of the industrial hydraulic series) indicates that industrial hydraulic orders received from February 2020 to January 2021 were 75.2% of the orders received from February 2019 to January 2020. (Base Year 2018 = 100)
Total Hydraulic and Pneumatic Shipments
This graph of 12‐month moving averages shows that in February 2021, hydraulic shipments decreased and pneumatic shipments increased. (Base Year 2018 = 100)
Shipments – Cumulative year-to-date % change (2021 vs. 2020)
*Preliminary data subject to revision.
The table above is expressed in terms of cumulative percent changes. These changes refer to the percent difference between the relevant cumulative total for 2021 and the total for the same months in 2020. For example, February 2021 pneumatic shipments figure of 2.8 means that for the calendar year through February 2021, pneumatic shipments increased 2.8% compared to the same time‐period in 2020.
Fluid Power Industry Growth Trend
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