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 May 2021 total dollar volume for pneumatic shipments is 100.5% 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, 91.3 (the May 2021 level of the industrial hydraulic series) indicates that industrial hydraulic orders received from June 2020 to May 2021 were 91.3% of the orders received from June 2019 to May 2020. (Base Year 2018 = 100)
Total Hydraulic and Pneumatic Shipments
This graph of 12-month moving averages shows that in May 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, May 2021 pneumatic shipments figure of 15.1 means that for the calendar year through May 2021, pneumatic shipments increased 15.1% compared to the same time-period in 2020.
Fluid Power Industry Growth Trend
Like this post? Share it!
Recent Posts
Connecting NFPA Members with Emerging Talent: Meet Kyla Olson
We’re excited to share a new onboarding video from Kyla Olson, one of NFPA’s Workforce Program and Event Managers. In this video, Kyla highlights the many ways she can help members connect with the next generation of fluid power professionals. Kyla is dedicated to assisting NFPA members in engaging with university engineering students, particularly those…
NFPA to Present Advanced Hydraulics Conference at CONEXPO-CON/AGG 2026
The National Fluid Power Association (NFPA) will convene and co-locate an advanced hydraulics conference for off-highway vehicle and other fluid power engineers at CONEXPO-CON/AGG 2026, to be held March 3-7, 2026, in Las Vegas, NV. CONEXPO-CON/AGG is the international gathering place every three years for the construction industries, focusing on construction, aggregates, and ready-mixed concrete. The event features exhibits of the…
Survey Results on Preventing Leaks – Now Available for NFPA Members
A new publication, 2024 NFPA Preventing Leaks Survey Results, has been published by the National Fluid Power Association. As defined in the 2023 NFPA Technology Roadmap, there are many machine-level technology trends that are actively shaping the future of the fluid power industry. These trends include the increasing electrification, connectivity, and autonomous functionality of both the…