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]
Like this post? Share it!
Recent Posts
Mark Your Calendar: Join Us on November 15 for an Economic Update with ITR Economics – Register Today!
Registration is now open for the November 15th Economic Update Event featuring Patrick Luce of ITR Economics. The event will take place virtually. In addition to macroeconomic trends and updates, Patrick will speak on important end use markets for fluid power and updated hydraulic and pneumatic forecasts. Check out the latest fluid power forecast report…
New Forecasts from Oxford Economics: Updates on the UAW Strike
Quarterly country and industry forecast reports from Oxford Economics have been updated on NFPA’s member hub. Insights include impacts of the UAW strike on the motor vehicle industry and updates on China’s industrial production. Oxford Economics produces quarterly forecast reports for over 60 countries and 10+ industries. These reports highlight forecast drivers and constraints with…
Innovative Pump Technology Expands to Medical Industry – Fluid Power Forum Episode 109 Now Live
This episode features Greg Shtrahman of Marzocchi Pumps USA. Listen to the Podcast Here Greg is a Business Development Manager at Marzocchi Pumps, a company that designs, manufactures, and sells external gear pumps and motors for high performance applications. We spoke with Marzocchi’s president in a previous episode about their low-noise gear pumps for automotive…