The fifth Annual Report on the U.S. Fluid Power Industry was recently released on the NFPA website. Download and share it with your colleagues and customers today to get a quantified summary of the impact of the fluid power industry on the U.S. economy.
Fluid power is a workhorse across the U.S. economy and is used in dozens of industries and hundreds of applications. This new report outlines the thriving impact the fluid power industry has both domestically and worldwide in key areas like exports, employment, and more.
The information the report provides is useful to fluid power professionals, customers, and prospects alike. Key conclusions include:
- U.S. manufacturing of fluid power components reached a record-high of $23.5 billion in 2018.
- Fluid power exports continue to increase since recession-era lows, reaching customers around the globe.
- Fluid power has a major downstream economic impact. Ten key industries depend on fluid power, with an estimated 23,200 companies in the US, employing more than 778,056.
[button link=”https://www.nfpa.com/home/industry-stats/Annual-Report-on-US-Fluid-Power-Industry.htm” target=”blank” style=”primary”]Download the Report[/button]
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