New Industry Trends Data Available

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

Graph #1 Hydraulic and Pneumatic Shipments Industry Trends

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 September 2020 total dollar volume for pneumatic shipments are 90.3% of the average monthly dollar volume in 2018. (Base Year 2018 = 100)

Pneumatic, Mobile and Industrial Hydraulic Orders Index

Graph #2 Pneumatic, Mobile, and Industrial Orders Indexes Industry Trends

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, 73.2 (the August 2020 level of the industrial hydraulic series) indicates that industrial hydraulic orders received from September 2019 to August 2020 were 73.2% of the orders received from September 2018 to August 2019. (Base Year 2018 = 100)

Total Hydraulic and Pneumatic Shipments

Graph #3 Total Hydraulic and Pneumatic Shipments

This graph of 12‐month moving averages shows that in September 2020, hydraulic shipments decreased and pneumatic shipments increased. (Base Year 2018 = 100)

Shipments – Cumulative year-to-date % change (2020 vs. 2019)

Shipments – Cumulative year‐to ‐date % change Industry Trends

The table above is expressed in terms of cumulative percent changes. These changes refer to the percent difference between the relevant cumulative total for 2020 and the total for the same months in 2019. For example, August 2020 pneumatic shipments figure of ‐11.6 means that for the calendar year through August 2020, pneumatic shipments decreased 11.6% compared to the same time‐period in 2019. (Base Year 2018 = 100)

Fluid Power Industry Growth Trend

The latest data published by the National Fluid Power Association shows industry shipments of fluid power products for September 2020 decreased 18.6% when compared to September 2019 and increased 2.0% when compared to last month. Mobile hydraulic and industrial hydraulic shipments decreased, while pneumatic shipments increased in September 2020 when compared to September 2019. Mobile hydraulic and pneumatic shipments increased, while industrial hydraulic shipments decreased when compared to last month. These charts are drawn from data collected from more than 80 manufacturers of fluid power products in 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.

 

Recent Posts

CALL FOR PROPOSALS: ADVANCED HYDRAULICS CONFERENCE at iVT EXPO USA

The National Fluid Power Association (NFPA) has entered into a partnership agreement with UKI Media & Events to convene and co-locate an advanced hydraulics conference for off-highway vehicle and fluid power engineers at iVT EXPO, to be held August 21-22, 2024, in Chicago, IL. iVT EXPO is an annual exposition for the off-highway vehicle design…

Read More about CALL FOR PROPOSALS: ADVANCED HYDRAULICS CONFERENCE at iVT EXPO USA

Sign Up Now to Attend the 2024 Fluid Power Vehicle Challenge Final Competitions

There is still time to register for April’s Fluid Power Vehicle Challenge Final Competitions. We need industry attendees to judge all aspects of the final competitions: the races, final presentations and vehicle design reviews. Industry attendees also participate in exclusive networking opportunities to recruit the next generation of talented engineers. Please register by March 1st.…

Read More about Sign Up Now to Attend the 2024 Fluid Power Vehicle Challenge Final Competitions

New Global Fluid Power Report and Forecast Available

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.  Oxford predicts a slow first half of 2024 with US industrial output being particularly stagnate.…

Read More about New Global Fluid Power Report and Forecast Available