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 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.
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…
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…
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…