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
Pneumatic, Mobile and Industrial Hydraulic Orders Index
Total Hydraulic and Pneumatic Shipments
Shipments – Cumulative year-to-date % change (2016 vs. 2015)
Fluid Power Industry Growth Trend
The latest data published by the National Fluid Power Association shows industry shipments of fluid power products for June 2016 decreased 9.9% compared to June 2015, and increased 3.9% when compared to last month. Mobile hydraulic, industrial hydraulic, and pneumatic shipments decreased in June 2016 when compared to June 2015. Mobile hydraulic, industrial hydraulic, and pneumatic shipments increased when compared to last month. These charts are drawn from data collected from more than 80 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.
For more of the latest economic trends and information, be sure to join us for the 2016 Industry & Economic Outlook Conference August 15-17 at the Westin Chicago North Shore in Wheeling, Illinois. To register or find out more, click here.
NFPA’s latest Economic Update Webinar recording is now available to all members for free. See the latest insights from Patrick Luce of ITR Economics on global issues, the US economy, interest rates, inflation, and more. Patrick also speaks to the latest fluid power forecasts from 4th quarter ITR forecast report. View the webinar, download slides,…
Iowa State University faculty, Dr. Brian Steward was team leader in designing and creating the Off-Highway Vehicle Chassis Dynamometer Laboratory (Dyno Lab). Located in the heart of the Midwest, it is an excellent tool for manufacturers and students within the area. This Dyno lab will be one of few facilities used to test large farm…
Carrie Berger Administrative Manager, National Fluid Power Association As the Administrative Manager here at NFPA, I wear a lot of different hats around the association. I have been here almost three years and have grown in my position over that time. I coordinate staff events as well as help plan and prepare for many of…