Stats Toolkit Updates and Latest Fluid Power Report/Forecast

NFPA’s Stats Toolkit expands our members’ economic view of their company and our industry by combining NFPA data with popular analytical tools. Recently updated to be able to include preliminary data, the Toolkit will be one month more recent in the data presented. That combined with an intuitive interface, easy setup process and ability to save custom reports helps users benchmark company performance, identify leading indicators and create custom forecasts.

Toolkit applications include:

• Market Trends – analyze and compare data series to identify trends and benchmark performance.
• Market Share – identify company/product market share and industry segmentation.
• Correlation Analysis – use lead/lag relationships to discover leading indicators and recognize trend relationship.
• US Forecasting – create domestic shipment and order projections using a customer market weight allocation model.
• Global Forecasting – create global shipment and order projections using a country/region weight allocation model.

Note: If you are new to the Toolkit, please register here: Register for Toolkit.

NFPA’s Global Fluid Power Report and Forecast by Oxford Economics provides a global outlook using demand forecasts for hydraulics and pneumatics. By-country macro summaries and sector trends give insight into what is happening around the globe.

Highlights from Q3 report include:

• Easing in supply chain disruptions will be gradual. Rebuilding inventories and clearing backlogs will take time.
• Semiconductor market is likely to continue to see shortages through 2022.
• Global hydraulic demand growth is set to expand 13.2% this year, down 1.4 ppts from the June projection.
• A strong rebound in mining, quarrying, and construction equipment, of 19.6%, is expected to boost world fluid power demand.