The National Fluid Power Association (NFPA) is the leading source of hydraulic and pneumatic industry data.
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Fluid Power Industry Growth Trend
The latest data published by the National Fluid Power Association shows September 2023 total fluid power shipments decreasing -11.3% month over month and -8.8% year over year. 12/12 rates of change for hydraulic and pneumatic shipments remain positive but are trending downward. The data and charts above are from NFPA’s Confidential Shipment Statistics (CSS) program where over 70 manufacturers of fluid power products report their monthly orders and shipments. More market information is available to NFPA members, allowing them to better understand trends and anticipate change in fluid power and the many customer markets it serves. Contact NFPA at 414-778-3344 for more info.
The 2024 Annual Conference is right around the corner, don’t miss out on the chance to be a Bronze Sponsor! Bronze Sponsors receive in-person recognition at the conference as well as being featured on many of our most popular webpages on nfpahub.com. Until January 12th, 2024 – all Bronze Sponsorships are half price! Please reach…
As part of an effort to bring more information about the regulatory and legal environment facing American manufacturers, NFPA is monitoring the newsfeed of the National Association of Manufacturers (NAM) and will be bringing important updates like this to the attention of NFPA members. For nearly three years, many manufacturers in the U.S. have been…
A new series of quarterly forecast updates from Oxford Economics is now available on the NFPA website at Global Industry Forecasts. These reports cover the global economy, as well as regional and country developments, and some detailed global industry forecasts. The good news! Oxford has revised their forecasts for late 2023 and 2024, reducing the…