by Eric Lanke
Based on 2013 U.S. Census Bureau data, ten industries dependent on fluid power—construction machinery, oil and gas machinery, food product machinery, metalworking machinery, material handling equipment, packaging machinery, automobile and light duty motor vehicles, heavy duty trucks, medical equipment, and other general purpose machinery—represent 23,900 companies in the United States, employing 874,000 people with an annual payroll of more than $54.4 billion.
There are employers in one or more of these industries in all 50 U.S. states. The states with the highest number of these employers are California, Texas, Illinois, Michigan, Ohio, Pennsylvania, New York, and Florida.
These and other facts about fluid power can be found in the 2014 Annual Report on the U.S. Fluid Power Industry published by the National Fluid Power Association. The report reviews both the size and economic impact of the industry, as well as explores the energy consumption, best practices and current R&D directions of fluid power technology. Copies of the report can be downloaded from the NFPA website at: https://www.nfpa.com/fluidpower/annual-report-on-fluidpower-industry.aspx
Take Advantage of the Market Information Available to You as an NFPA Member
Need a refresher on what market information is available to you as an NFPA member? Meet with NFPA’s Economic and Statistical Services Manager, Sam Diedrich, for an overview and Q&A. NFPA provides members with a variety of report types, sources, and insights to best understand trends and outlooks in the fluid power industry. Below are…
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2023 Industry & Economic Outlook Conference August 15-16, 2023 Register for IEOC NFPA’s 2023 Industry and Economic Outlook Conference is slated to offer an enriching experience to connect with key industry players as well as learn from some of the brightest minds in economics. Learn about industry forecasts, geopolitical trends, the global marketplace and more from…