The National Fluid Power Association (NFPA) is the leading source of hydraulic and pneumatic industry data.
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Find out how to become part of NFPA, or get more information on NFPA Market Information, by contacting Sam Diedrich at sdiedrich@nfpa.com or 414-778-3372.
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 starting to plateau. The yearto-date % change for total fluid power shipments in February 2023 is 10.7%. Mobile hydraulic orders received from May 2022 to April 2023 are currently 97.4% of the orders received from May 2021 to April 2022. When looking at raw index data, pneumatic, mobile hydraulic, and industrial hydraulic shipments decreased 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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