NFPA surveys manufacturer and distributor members separately each month to gauge the current state, and future of the fluid power industry. Participants receive results of both surveys, giving them insight into the supply chain. This survey is relatively quick to fill out and full results are only sent to participants each month. Results include relevant breakdowns such as pneumatics, industrial hydraulic, and mobile hydraulic. For questions, or information on how to participate, contact Sam Diedrich at email@example.com.
Below are results for two questions from the August 2022 surveys:
Manufacturers Results: How will the next 12 months of Shipments compare to the last 12 months of Shipments:
Distributors Results: How will the next 12 months of Shipments compare to the last 12 months of Shipments?
The majority of manufacturers expect the next 12 months of shipments to be above the last 12 months of shipments. Distributors are more split between the next 12 months of shipments being above or the same as the last 12 months of shipments.
Manufacturer Results: Which best describes your hiring plans in the next 3 months?
Distributor Results: Which best describes your hiring plans in the next 3 months?
Distributors are split between increasing employment and keeping it the same over the next 3 months, while most manufacturers (69%) anticipate increasing employment over the next 3 months.
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…
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.…
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.…