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 July 2021 total dollar volume for pneumatic shipments is 97.7% 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, 105.7 (the July 2021 level of the industrial hydraulic series) indicates that industrial hydraulic orders received from August 2020 to July 2021 were 105.7% of the orders received from August 2019 to July 2020. (Base Year 2018 = 100)
Total Hydraulic and Pneumatic Shipments
This graph of 12-month moving averages shows that in July 2021, the moving average for shipments increased across the board. (Base Year 2018 = 100)
Shipments – Cumulative year-to-date % change
*Preliminary data subject to revision. 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, July 2021 pneumatic shipments figure of 16.5 means that for the calendar year through July 2021, pneumatic shipments increased 16.5% compared to the same time-period in 2020.
Fluid Power Industry Growth Trend
Like this post? Share it!
Recent Posts
All You Want to Know About AI and Its Applications for Your Organization
By Mike MarksIndian River Consulting Group Buzz, hype, mania — we’re surrounded by the topic of AI. The use of generative artificial intelligence tools has exploded since the launch of ChatGPT in late 2022. These tools range from writing to voice, art and video generators. Enterprising companies are creating tools to service industry niches with…
NAM Regulatory Update: Manufacturer to Congress | Support the American Dream
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. As mentioned in this article, Husco is a long time NFPA…
NFPA Welcomes New Member: Firestone Airide
Firestone Airide, a division of Firestone Industrial Products headquartered in Nashville, Tennessee, drives innovative technology designed to eliminate vibration in global transportation. Firestone has over 80 years of experience designing and manufacturing air springs and related products to eliminate vibration across the automotive, heavy-duty, and off-highway segments and will collaboratively integrate tire and air spring sensing technologies to create…