As many of you may know, the National Fluid Power Association (NFPA) is the leading source of hydraulic and pneumatic industry data. Members get and use our data in a variety of ways to run their businesses. Part of our market information services is providing overall industry trends. Here is the latest update:
Hydraulic and Pneumatic Shipments
This graph of raw index data is generated by the total dollar volume reported to NFPA by CSS participants and compared to the average monthly dollar volume in 2018. For example, the August 2021 total dollar volume for pneumatic shipments is 104.1% of the average monthly dollar volume in 2018. (Base Year 2018 = 100)
Pneumatic, Mobile and Industrial Hydraulic Orders Index
Each point on this graph represents the most recent 12 months of orders compared to the previous 12 months of orders. Each point can be read as a percentage. For example, 112.9 (the August 2021 level of the industrial hydraulic series) indicates that industrial hydraulic orders received from September 2020 to August 2021 were 112.9% of the orders received from September 2019 to August 2020. (Base Year 2018 = 100)
Total Hydraulic and Pneumatic Shipments
This graph of 12-month moving averages shows that in August 2021, the moving average for shipments increased across the board. (Base Year 2018 = 100)
Shipments – Cumulative year-to-date % change
The table above is expressed in terms of cumulative percent changes. These changes refer to the percent difference between the relevant cumulative total for 2021 and the total for the same months in 2020. For example, August 2021 pneumatic shipments figure of 17.1 means that for the calendar year through August 2021, pneumatic shipments increased 17.1% compared to the same time period in 2020.
*Preliminary data subject to revision.
Fluid Power Industry Growth Trend
Like this post? Share it!
Recent Posts
2022 Annual Conference Offers Future Leaders Opportunity to Connect
2022 NFPA Annual ConferenceFebruary 22-24, 2022Phoenix, AZRegistration Now Open Members of the Future Leaders Network, a group that offers education and networking resources to younger fluid power professionals on leadership tracks within their companies, will be able to take part in an exclusive networking and learning event at the 2022 Annual Conference, taking place February 22-24 at…
November 2021 Economic Update Webinar Recording Available
The recent NFPA Economic Update Webinar featuring Jim Meil offered attendees a number of insights into the latest economic developments & future trends for the U.S. and global economy and its effects on the fluid power industry. The presentation outlined the strong recovery in 2021 and continued growth in 2022. Many fluid power indexes are…
Get More Visibility for Your Company at IFPE 2023
IFPE 2023 is slated for March 14 -18, 2023 in Las Vegas, Nevada and will again serve as a platform for highlighting fluid power in front of potential customers on the trade show floor, in educational sessions, and more. Exhibit Your Latest Technologies Space sales for the show are open – be sure to claim…