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Fluid Power Industry Growth Trend
The latest data published by the National Fluid Power Association shows the 12 month moving
average of shipments for pneumatics, hydraulics, and total fluid power continue to grow. The year-
to-date % change for total fluid power shipments in January 2023 is 21.1%. Mobile hydraulic orders
received from February 2022 to January 2023 are currently 102.3% of the orders received from
February 2021 to January 2022. When looking at raw index data, pneumatic, mobile hydraulic, and
industrial hydraulic shipments increased when compared to last month. These charts are drawn from
data collected from more than 70 manufacturers of fluid power products by 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. Contact NFPA at 414-778-3344 for more info.
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