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:
The latest data published by the National Fluid Power Association shows industry shipments of fluid power products for May 2020 decreased 31.4% when compared to May 2019 and decreased 2.8% when compared to last month. Mobile hydraulic, industrial hydraulic, and pneumatic shipments decreased in May 2020 when compared to May 2019. Mobile hydraulic and industrial hydraulic shipments decreased, while pneumatic shipments increased 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.