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Fluid Power Industry Growth Trend
The latest data published by the National Fluid Power Association shows the 12 month moving average of shipments for hydraulic and total fluid power plateau while pneumatic continues to increase. The year-to-date % change (2032 vs. 2022) for total fluid power shipments in July 2023 is 7.1%. Mobile hydraulic orders received from August 2022 to July 2023 are currently 93.7% of the orders received from August 2021 to July 2022. When looking at raw index data, pneumatic, mobile hydraulic, and industrial hydraulic shipments decreased when compared to last month. These charts are drawn from data collected from more than 70 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. Contact NFPA at 414-778-3344 for more info.
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