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 March 2021 total dollar volume for pneumatic shipments is 111.4% 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, 79.5 (the March 2021 level of the industrial hydraulic series) indicates that industrial hydraulic orders received from April 2020 to March 2021 were 79.5% of the orders received from April 2019 to March 2020. (Base Year 2018 = 100)
Total Hydraulic and Pneumatic Shipments
This graph of 12-month moving averages shows that in March 2021, 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, March 2021 pneumatic shipments figure of 8.0 means that for the calendar year through March 2021, pneumatic shipments increased 8.0% compared to the same time-period in 2020.
Fluid Power Industry Growth Trend
Like this post? Share it!
Recent Posts
NFPA to Present “Digital Fluid Power – Advances & Controls in Hydraulics & Pneumatics” at AUTOMATE on May 8
NFPA members are encouraged to attend the AUTOMATE trade show, to be held May 6-9, 2024 in Chicago, IL. As part of our efforts to provide an effective forum for our members to connect with key end markets in fluid power, NFPA will be organizing a panel discussion on “Digital Fluid Power” on the AUTOMATE…
NFPA Surveys as Leading Indicators
Looking for a strong leading indicator to help plan forward over the next couple quarters? Look no farther than the NFPA State of Fluid Power Industry Survey (SOFP). SOFP is easy to participate in each month; more importantly, the results are powerful. Just answer a few quick opinion-based questions via an online survey. The SOFP…
NAM Regulatory Update: Manufacturers | Unprecedented Use of CERCLA Authority Will Hamper President’s Manufacturing Vision
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. These chemicals are sometimes present in hydraulic fluids. Following the release…